Making Company Registration Digital & Easier
Are you interested in establishing a startup in Patna but confused about how to register?
CAAQ Consultancy can simplify it for you. Patna, the capital of Bihar, is now a center of attraction for businesses and startups. The government is promoting entrepreneurship, which gives its natives a golden opportunity to grow and set up a business. With a team of CAs, CSs, experienced solicitors, and business consultants, we offer endless support to register your company in Bihar.
Our crystal-clear approach proves a milestone in establishing your business. Let’s make it laser-fast and convenient for you. Explore everything about its types, steps, cost, and documentation.
Types of Companies You Can Register in Patna
Before sharing the steps to register, you should be aware of various business structures. Accordingly, the company registration in Patna will go ahead.
- Private Limited Company
Being an extremely popular business structure, a private limited company offers limited liability protection and an independent legal identity to its owner, with a minimum of two directors and shareholders.
- Public Limited Company
This business entity can leverage the facility of raising capital through shares from the public. It requires a minimum of three directors and seven shareholders. The regulatory and compliance requirements are strictly applied in this type.
- One-Person Company (OPC)
This corporate entity allows an individual entrepreneur or small business owner to proactively control and leverage the benefits of a limited liability framework and a separate legal entity.
- Limited Liability Partnership (LLP)
Ideally for professionals and startups, an LLP is a hybrid structure, combining the features of a partnership and a corporation, with limited liability protection for its partners.
- Sole Proprietorship
This simplest form of business involves a single owner holding the entire control in his hand while bearing unlimited liability.
- Partnership Firm
It requires two or more individuals to manage and share profits as mentioned in a legal agreement. Its partners hold unlimited liability for business debts.
- Section 8 Company (Non-Profit Organization)
A Section 8 company is a non-profit entity whose setup is based on promoting charity, education, and social welfare activities. The most impressive fact is that it brings tax exemptions, provided the owner reinvests its profits into the disclosed purpose.
Step-by-Step Company Registration Process in Patna
So now, let’s get through the rundown of steps involved in its registration process in Patna. CAAQ Consultancy has experienced experts who have been guiding applicants to register a company in Patna without challenges.
Step 1: Obtain Digital Signature Certificate (DSC)
To initiate with, its directors and shareholders must apply for a Digital Signature Certificate (DSC), which will simplify further online documentation with the Ministry of Corporate Affairs (MCA).
Step 2: Apply for Director Identification Number (DIN)
Each director of the company must hold a unique Director Identification Number (DIN), which you need to apply for by submitting the Form DIR-3 with the MCA.
Step 3: Name Reservation with MCA
Simultaneously, select a unique company name and check it through the RUN (Reserve Unique Name) service available on the MCA portal. It will reveal whether the name complies with the Companies Act, 2013.
Step 4: Draft Memorandum and Articles of Association
Once the name is confirmed as unique, we help in outlining the Memorandum of Association (MOA) and Articles of Association (AOA). These papers consist of the company’s objectives, guidelines, operational workflow, and rules.
Step 5: Filing for Incorporation
Finally, you can file the SPICe+ (Simplified Proforma for Incorporating Company Electronically) form with the MCA, uploading all necessary documents. These include:
- PAN and Aadhaar of directors
- Proof of registered office (utility bill and NOC from owner)
- Declaration by directors and subscribers
- MOA and AOA
Step 6: Obtain PAN, TAN & GST Registration
As you receive the certificate of incorporation, apply for a Permanent Account Number (PAN) and Tax Deduction & Collection Account Number (TAN) from the Income Tax Department portal. And if your capital limit makes you eligible for Goods and Services Tax (GST), apply it also.
Step 7: Open a Business Bank Account
Eventually, you would need a corporate bank account for business transactions. So, apply for it while enclosing the certificate of incorporation, PAN, and other relevant documents to open a bank account.
Documents Required for Company Registration in Patna
- Digital Signature Certificate (DSC) of directors
- Director Identification Number (DIN)
- Proof of identity (PAN and Aadhaar)
- Address proof (electricity bill, bank statement, etc.)
- Registered office proof (lease agreement, NOC from the owner, etc.)
- Memorandum and Articles of Association
- Declaration from directors (INC-9 form)
Cost of Company Registration in Patna
This is confidential, though. But we suggest you pay for government services and professional consultancy charges, which are extremely affordable.
For professional assistance to register a company in Patna, contact CAAQ Consultants—a trusted company that has been streamlined. Schedule a consultation today to register your company swiftly.