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How to register Private Limited Company in Patna, Bihar

How to Register a Private Limited Company in Patna, Bihar

Starting your own business is a big step, and knowing how to register private limited company  in Patna, Bihar is a great way to make it official. If you’re thinking of doing this in Patna, Bihar, don’t worry. I’ll explain the steps in simple words so it’s easy for you to understand.

1. Basic Things You Need to Have

Before you begin, make sure you have these:

  1. Two People: At least 2 people are needed—one to be a director and one to be a shareholder. One person can be both.
  2. Unique Name: Choose a name for your company that no one else is using.
  3. Company Address: You need an office address in Patna. It can be your house too.
  4. Investment Amount: There is no minimum amount required, but plan what you need for your business.

2. Documents You Need

You will need to collect these documents:

For Directors and Shareholders:

  • PAN Card (for Indian citizens).
  • Address Proof: Aadhaar card, voter ID, driving license, or passport.
  • Proof of Residence: Electricity bill or bank statement (not older than 2 months).

For the Office Address:

  • Ownership Proof: If you own the property, a sale deed.
  • Rental Agreement: If it’s rented, provide the rental agreement and a letter from the landlord saying they have no problem.
  • Utility Bill: A recent electricity or water bill.

3. Choose Your Company Name

Your company’s name should:

  • Be unique and not already in use by another company.
  • End with “Private Limited”.

To check if your name is available, you can use the RUN (Reserve Unique Name) service on the MCA (Ministry of Corporate Affairs) website.

4. Get a Digital Signature Certificate (DSC)

A Digital Signature Certificate is needed to sign forms online.

  • Who needs it? All directors and shareholders.
  • Where to get it? You can get it from providers like eMudhra or Sify. It usually takes 1-2 days.

5. Apply for Director Identification Number (DIN)

A DIN is a number every director must have. You can apply for it while filing the SPICe+ form (explained in the next step).

6. Prepare the Required Documents

You need to prepare a few important documents for registration:

  1. Memorandum of Association (MoA): This explains your company’s purpose.
  2. Articles of Association (AoA): These are the rules for running your company.
  3. Declaration by Directors: Form INC-9.
  4. Consent to Act as Director: Form DIR-2.
  5. Proof of Office Address: Form INC-22.
  6. Certification by a Professional: A CA, CS, or lawyer confirms that everything is correct.

7. File the SPICe+ Form

The SPICe+ form is an all-in-one form for registering your company. It covers:

  • Company registration.
  • DIN for directors.
  • PAN and TAN for the company.
  • GST, ESIC, and EPFO registrations (if needed).

How to File SPICe+:

  1. Log in to the MCA website and open the SPICe+ form.
  2. Fill Part A to reserve your company’s name.
  3. Fill Part B with details about directors, shareholders, and the office address. Attach the required documents.
  4. Pay the fees and submit the form.

The Registrar of Companies (RoC) will review your application. If there’s any problem, they will ask for corrections.

8. Get Your Certificate of Incorporation (CoI)

Once the RoC approves your application, they will issue the Certificate of Incorporation. This document confirms your company’s registration. It will have:

  • The company’s name.
  • Corporate Identification Number (CIN).
  • Date of registration.

9. What to Do After Registration

After your company is registered, here are a few more things to do:

  1. Open a Bank Account: Use the CoI, PAN, and other documents to open a current account in the company’s name.
  2. Get GST Registration: If your business turnover crosses the GST threshold or if you are dealing with interstate sales.
  3. Issue Share Certificates: Shareholders must get their certificates within 2 months.
  4. Maintain Records: Keep details of shareholders, directors, and company finances.
  5. File Annual Returns: Submit yearly returns and financial details to the RoC.

Costs of Registering a Company

Here is an idea of the costs involved:

  1. Government Fees: Depends on your company’s capital (e.g., around ₹1,000 for ₹1 lakh capital).
  2. Professional Fees: A CA, CS, or consultant might charge between ₹5,000 and ₹15,000.
  3. Other Costs:
    • DSC: ₹500 to ₹2,000 per person.
    • PAN and TAN: Around ₹170.

Why Choose Patna to Start Your Company?

  1. Growing Business Scene: Bihar is supporting startups, and Patna is the hub of this growth.
  2. Government Support: There are schemes for new businesses.
  3. Available Talent: Patna has skilled people who can help your business grow.

Final Words

Starting a private limited company in Patna isn’t hard if you follow these steps. If you want to register Private Limited Company in Patna, Bihar, you may call or whatsapp on +91-85400-99000