Company Registration in Patna

Company Registration in Patna

Patna, the capital of Bihar, has emerged as a significant business hub in recent years. From the traditional businesses to the level of modern startups, Patna offers opportunities for almost every sector. But to run a business legally and smoothly, you need proper company registration.

Company registration in Patna is the process of legally creating a business entity under the Ministry of Corporate Affairs (MCA). Once it is registered, your business gains an identity of its own, which is separate from its owners. It helps build trust among customers, investors, and various financial institutions.

There are different forms of company structures you can choose from while registering in Patna, such as:

• Private Limited Company
• One Person Company (OPC)
• Limited Liability Partnership (LLP)
• Partnership Firm
• Proprietorship Firm
• Section 8 Company (Non-profit organization)

Why Register a Company in Patna?

1. Legal Recognition – A registered company is recognized by law, which makes it easier to enter contracts and operate officially.
2. Access to Funding –Banks and the various other investors always prefer to fund registered companies over unregistered firms.
3. Limited Liability Protection – Owners are not personally liable for business debts in structures like Private Limited Companies or LLPs.
4. Business Expansion – Registration allows you to expand easily by adding partners, directors, or investors.
5. Government Support – Registered companies can apply for subsidies, schemes, and tenders.
6. Credibility – Customers and the various suppliers trust a registered company more than an unregistered one.

Eligibility for Company Registration in Patna

• Minimum Members – For Private Limited Company: at least 2 members; for OPC: 1 person.
• Directors – At least one director should be an Indian resident.
• Capital Requirement – There is no minimum capital requirement. (earlier ₹1 lakh minimum capital was required, but now not mandatory).
• Unique Name –Name of the company should not be identical or too similar to any existing company or trademark.
• Business Objective – A clear objective of the company must be defined in the MoA.

Documents Required for Private Limited Company Registration in Patna

For Directors/Shareholders:

• PAN card
• Aadhaar card
• Passport-size photo
• Address proof (electricity bill, bank statement, etc.)
• Passport (if NRI or foreign national)

For Registered Office:

• Electricity or the water bill (not older than 2 months)
• Rental agreement (if rented office)
• NOC (No Objection Certificate) from the property owner

Advantages of Private Limited Company Registration in Patna

1. Legal Protection – Owners’ personal assets are safe in case of debts.
2. Tax Benefits – Registered companies can enjoy lower tax rates and deductions.
3. Business Credibility – Helps build trust with clients and customers.
4. Expansion Opportunities – Easy to attract investors and partners.
5. Brand Value – A registered business has higher brand recognition.
6. Government Tenders – Eligibility to apply for public projects and schemes.

Process of Private Limited Company Registration in Patna

1. Choose the Business Structure – Decide whether you want to start a Private Limited Company, LLP, OPC, or any other entity.
2. Apply for DSC (Digital Signature Certificate) – Directors or partners need a DSC to sign documents online.
3. Apply for DIN (Director Identification Number) – Every company director needs a unique DIN.
4. Name Approval – Propose 2–3 business names through the MCA portal and get approval.
5. Drafting Documents –Draft the important legal documents like MoA and AoA.
6. Filing with MCA – Submit incorporation forms and documents on the MCA portal.
7. Certificate of Incorporation – Once it gets approved, the MCA will issue a certificate that confirms your company is legally registered and protected.
8. Apply for PAN & TAN – The Income Tax Department will issue a PAN and TAN for your business.

Timeline for Company Registration in Patna

Generally, company registration in Patna takes 7 to 15 working days, depending on:

• Accuracy of documents
• Type of business structure
• Speed of government approval

Post-Registration Compliance in Patna

Once it gets registered, you must follow certain rules and regulations to keep your company active and compliant:

• Maintain Accounting Records – Need to maintain proper bookkeeping of income and various expenses.
• Annual Filings with MCA – File annual returns and financial statements.
• Income Tax Filings – File income tax returns regularly.
• Board Meetings – Hold periodic meetings and record minutes.
• Audit (if applicable) – Get accounts audited based on company type.

Non-compliance can lead to penalties, so it’s important to stay updated.

Why Choose Us for Company Registration in Patna?

• Expert Support: We provide proper and full guidance from start to finish.
• Quick Processing: We provide hassle-free, best and fast online registration.
• Affordable Plans: We offer affordable, transparent, and cost-effective fees.
• Compliance Help: We provide Ongoing support with the process of filings and tax registrations.
• Local Knowledge: Our professionals have an in-depth understanding of the Patna business ecosystem.