Bangalore is the hub of startups in the country. If you want to be the one grabbing opportunities in the city, you must be aware of the process of company registration in Bangalore. 

With the rise of startups, the growth of traditional business has also been positively affected. It is for this reason; the process of company registration has been made simpler and quicker by the Government.

With the introduction of INC-32 - SPICe (Simplified Proforma for Incorporating Company Electronically) in place of form INC-29, the time taken for registration of company has reduced drastically and the fee to be paid has been scrapped off. 

Spice Form provides multiple services for company registration in one single form. Following services are applied together through SPICe:

i. Name Approval (if not separately done with RUN),

ii. Director Identification Number,

iii. Registration of a new Company,

iv. Allotment of PAN & TAN.

While proceeding with Company Registration, along with other documents, INC-33 and INC-34 shall be used as formats for Memorandum of Association (MoA) and Article of Association (AoA) respectively. 

Now, no fee is required to be submitted with SPICe to the MCA. The only fee is for RUN service if availed before filling up of SPICe for reservation of name for company registration. The stamp duty to be paid for Memorandum of Association and Articles of Association is as per notified in a particular state. 

What is stamp duty to be paid for company registration in Bangalore?

Thus, for company registration in Bangalore, the stamp duty shall be as notified in the state of Karnataka. 

A. For companies having share capital- 

i. MoA- Rs. 1000

ii. AoA- 500 on every Rs.10 lakhs of authorised capital or part thereof 

B. For companies not having share capital 

i. MoA-  Rs. 1000

ii. AoA- Rs. 500