Planning to establish a company in Patna, Bihar, but are unsure of where to begin? Not to worry!

 

Our blog covers all the essential details in which we provide a step-by-step guide for registering your company in Patna, Bihar, including information on fees, required documents, minimum number of members and directors, the process for registering a company name, and more.

 

Company Registration Process in Patna

 

Application of DSC and DPIN

 

The foremost step for all the promoters or would-be Directors of a Company is to apply for the Digital Signature Certificate and DPIN.

 

The digital signature is an online signature used for filing forms with the Ministry of Corporate Affairs (MCA).

 

• Processing a Digital Signature Certificate (DSC)

 

A Digital Signature Certificate (DSC) is mandatory for all directors and shareholders of the company.

 

It offers a high level of security, ensuring the safety and privacy of every transaction. In a digitally signed document, the information is guaranteed to be unique and unaltered.

 

When registering your company in Patna, Bihar, your agent will use your DSC with your approval, which is a safe and standard practice.

 

At Starteazy, our experts will apply for a Class 3 DSC for the directors with a validity of 2 years.

 

• Issue Director Identification Number (DIN)

 

A Director Identification Number (DIN) is a unique identifier assigned to every company director.

 

All directors must have this eight-digit DIN, issued under the Companies Act 2013. Similar to PAN or Aadhaar, obtaining a DIN is mandatory for becoming a director when registering a company in Patna, Bihar.

 

At Starteazy, our experts will handle the online application process on the Ministry of Corporate Affairs (MCA) website for you.

 

 

Getting approval for the Company name

 

The name application process involves submitting four different name options for your company to the MCA, from which one will be selected. These name options should be unique and reflect the company's key characteristics.

 

The name of a company is crucial as it sets the tone and creates the first impression among customers, business associates, and stakeholders.

 

Therefore, our team ensures you select four thoughtfully unique options for your company's name.

 

Our experts submit your chosen names for approval along with the SPICe form. If your name is rejected, our experts will resubmit the application with a new name. The entire process typically takes around 2-3 days.

 

Submitting MOA & AOA

 

Once the MCA (Ministry of Corporate Affairs) approves your company name, the next step is to draft the "Memorandum of Association" (MOA) and "Articles of Association" (AOA).

 

Both documents must be filed with the MCA, along with the required Digital Signature Certificates (DSCs).

 

• Memorandum of Association (MOA)

 

The MOA is a legal document created during the incorporation and registration of a private limited company.

 

The Memorandum of Association (MOA) outlines the primary objectives for which the company is formed, as well as its relationship with shareholders.

 

According to the MOA, the company is only permitted to carry out activities that are specified in its object clause.

 

• Articles of Association (AOA)

 

The AOA is a supplementary document to the MOA. It provides guidelines to achieve the company's objectives as stated in the MOA's object clause.

 

The AOA clarifies the company's functioning and interactions with various stakeholders. It includes information on share capital, transfer of shares, voting rights, appointment of directors, accounts, and audits.

 

Our experts will ensure that the MOA and AOA are correctly drafted and submitted with the necessary DSCs for smooth processing.

 

 

Filing of SPICe Form

 

The final step in incorporating your company is to submit the SPICe (Simplified Proforma for Incorporating Company Electronically) form on the MCA portal. This form requires comprehensive information, including:

 

1. Company Name: The approved name for your company.
2. Registered Office Address: The official address of the company.
3. Directors' Details: Information about the company's directors, including their DINs.
4. Memorandum of Association (MOA): This document outlines the company's objectives and the scope of its operations.
5. Articles of Association (AOA): This document details the rules and regulations for the company's internal management.

 

Once the SPICe form is completed, you will need to file the incorporation documents with the Registrar of Companies (ROC) in Patna. This process involves:

 

1. Filing the Documents: Submit the SPICe form along with the necessary documents, including the MOA and AOA, DSCs, and any other required paperwork.
2. Review by ROC: The Registrar of Companies (ROC) will review the submitted documents to ensure that all information is accurate and complete.
3. Approval and Registration: If everything is in order, the ROC will approve the incorporation and officially register your company.
4. Certificate of Incorporation: Once registered, you will receive a Certificate of Incorporation. This certificate serves as legal proof that your company has been formally established.

 

This detailed process ensures that your company is legally compliant and officially recognized, allowing you to commence business operations in Patna.

 

Company registration documents include:

 

• Rent agreement – NOC
• Electricity bill
• Photos of Directors
• Aadhar card
• Pan card
• Specimen signature
• Six month Bank statement with the current address
• Self-declaration about the directorship

 

Company Registration Fees in Patna

 

The total fee for registering a company with 2 directors in Patna amounts to Rs. 6,890, inclusive of taxes. Here's a breakdown of the costs involved:

 

 

• Digital Signature Certificate (DSC) for 2 Directors
  • Cost: Rs. 3,000 (Rs. 1,500 per DSC)

 

• Company Name Approval
  • Cost: Rs. 1,000 (per application)

 

• Stamp Duty Charges

• Form Filing of SPICe+ (INC-32)
  • Normal: Rs. 0
  • Stamp Duty: Rs. 100
• Stamp Duty for AOA: Rs. 1,000
• Stamp Duty for MOA: Rs. 500
• Total: Rs. 1,600

Approximate Cost: Rs. 1,000-1,600 (on Rs. 1 lakh authorized capital)

 

Note: The prices of stamp duties are subject to change based on revisions by the state government. It's important to check with the Registrar of Companies (ROC) or the relevant authorities in Patna for the current stamp duty rates applicable to the Memorandum of Association (MOA), Articles of Association (AOA), and Form INC. The charges may vary from state to state. This estimate provides an idea of the charges and levies required, excluding professional fees.

 

Authorized Capital Government Fees

• From Rs. 0 to Rs. 15,00,000 - Rs.1010/-
• Above Rs.15 Lacs Rs .53,210/- + Rs.300/- for every incremental Rs.10,000 over 15 lacs

 

If you consider a CA / CS offline, they charge around Rs.12,000/- to Rs. 15,000/-. At the same time, at StartEazy we provide you with excellent services faster and easier at just Rs. 6890/- for the complete registration process by experts.

 

ROC-cum-Official Liquidator, (ROC cum OL Patna)

 

Sh Aparajit Barua, (ROC cum OL Patna)

Ministry Of Corporate Affairs

Address: High Court Of Patna, Maurya Lok Complex, Block “A” 4th Floor, Dak Bungalow Road, Patna, Bihar

Phone : No: 0612-6604891

Email: roc.patna@mca.gov.in

 

The Registrar of Companies (ROC) Patna, Bihar, oversees a wide geographical area encompassing several cities and districts.

 

This includes major urban centers such as Patna, Gaya, Muzaffarpur, and Bhagalpur, along with various districts like Bhojpur, Rohtas, Nalanda, and Darbhanga.

 

Additionally, the jurisdiction extends to regions such as East Champaran, West Champaran, and Sitamarhi, covering 39 districts in Bihar.

 

Businesses and companies operating within these areas are required to comply with ROC regulations for company registrations, filings, and other corporate affairs under the Companies Act.