Company Registration ( Formation/ Incorporation/ Setup/Open ) in Karnataka, India
Get professional consultancy for company registration and setup, formation services in Karnataka state of India at most affordable rates. GKS Consulting has served private limited companies, public limited companies, one person companies, limited liability partnerships etc all over the country. Apart from company Setup in Karnataka we also provide company conversion services, Foreign direct invest (FDI) assistance, NRI tax and business consultancy etc.
We have assisted more than 100 companies in the state of Karnataka in areas such as Bangalore, Chikkaballapur, Davanagere, Chitradurga, Ramanagara,mBagalkot, Vijaypura, Raichur, Mysore, udupi etc. The most known industries that have enlisted our services include; IT and ITeS, biotechnology, engineering, electronics and telecom, automotive, textiles and apparel, aerospace, animations, tourism and renewable energy.
The estimated gross state domestic product of the state of Karnataka stood at USD 98.5 billion in the years 2013-2014. The average GSDP growth rate between 2004 and 2005 was estimated to be 15%. The per capita GSDP of the state of Karnataka expanded at a compound annual growth rate (CAGR) of 13.9% between 2004-2005 and 2013-2014 to USD 1,793.
There were twenty two operational, forty notified, one valid in-principle approval and sixty one formal approval special economic zones (SEZs) in Karnataka by July of 2013.
There are plans by the state government of Karnataka via the ESDM policy of 2013 to facilitate, promote and develop the ESDM sector in the state and make it a preferred destination for investment in the sector.
Need Quick and Reliable Online Private Limited Company Incorporation, Fresh Company Registration, New Co. Formation and Business Set-up Services anywhere in Karnataka, India: Top Company Formation Experts, Best Indian Chartered Accountants (CPA), Reliable Company Experts, Renowned Consulting Company, National level Advisors / Consultants of Karnataka - Ask Companysetupindia.com, a unit of GKS Consulting Private Ltd.
We provide Following Services anywhere in Karnataka, India: Complete solution for incorporation of New Company | Apply Name Search | How to Incorporate New Private Limited Company ? Incorporation of Pvt Ltd Co | Procedure for Incorporating a Pvt. Ltd. Co. | Where to Form a Public Limited Company ? Forming a Pub Ltd Co | Formation of Pub. Ltd. Co. | Why to Register an Indian Subsidiary ? Registering an Indian Subsidiary | Registration of Indian Subsidiary |How to make Subsidiaries ? Making of Holding Company | Why to Open a Limited Liability Partnership (LLP) ? Opening a Limited Liability Partnership | Where to open a LLP ? Setup of LLC | Set-up of LLP | Set up of LLP | Setting up of L.L.P. | Setting-up of L.L.P. | To Start a LLC PLC OPC PTE | Starting a L.L.C. | Types of Companies any where in Karnataka | Forming Corporation in Karnataka | Setting up Business by Foreign Companies |Foreign Direct Investment (FDI) | Liaison Office | Representative Office | Project Office | Branch Office | Obtaining Section 8 Company License | Certificate of Incorporation | Process and Procedure | DIN (Director Identification Number) | DSC Class One Two Three| Digital Signature Certificate | Joint Venture Company | Company Limited by Guarantee | Unlimited Company | Government Company | Nidhi Company | Mutual Benefit Company | Not for Profit Co. NGO, N.G.O.| Section 8 Company | Part IX Company | Producer Company | One Person Company | Sole Proprietorship | Partnership Firm | Cooperative Society | Charitable Trust | Body of Individual, BOI| Association of Persons, AOP |FAQ | Frequently asked questions - Companysetupindia | ROC | R.O.C. | Registrar of Companies | Corporate Laws of Karnataka | Companies Act | Business Entities in Karnataka |Government Approvals for Investing in Karnataka for Foreign Investors | Entry Strategies & Tax Planning in Karnataka for Foreign Investors | Foreign Investment in Karnataka Sector wise Guide | Doing Business in Karnataka - Free Guide for Foreign Companies Doing Business with Karnataka | Registering Trademarks in Karnataka | Registering Patent in Karnataka | Copy Right | Tax Rates in Karnataka | Process Serving in Karnataka.
About: Karnataka is a state in the south western region of India. It was formed on 1 November 1956, with the passage of the States Reorganisation Act. Originally known as the State of Mysore, it was renamed Karnataka in 1973. The state corresponds to the Carnatic region. The capital and largest city is Bangalore (Bengaluru).
Karnataka is bordered by the Arabian Sea to the west, Goa to the northwest, Maharashtra to the north, Telangana to the northeast, Andhra Pradesh to the east, Tamil Nadu to the southeast, and Kerala to the south. The state covers an area of 191,976 square kilometres (74,122 sq mi), or 5.83 percent of the total geographical area of India. It is the seventh largest Indian state by area. With 61,130,704 inhabitants at the 2011 census, Karnataka is the eighth largest state by population, comprising 30 districts. Kannada, one of the classical languages of India, is the most widely spoken and official language of the state alongside Konkani, Marathi, Tulu, Tamil, Telugu, Malayalam, Kodava and Beary. Karnataka also has the only 3 naturally Sanskrit-speaking districts in India.
The two main river systems of the state are the Krishna and its tributaries, the Bhima, Ghataprabha, Vedavathi, Malaprabha, and Tungabhadra in North Karnataka Sharavathi in Shivamogga , and the Kaveri and its tributaries, the Hemavati, Shimsha, Arkavati, Lakshmana Thirtha and Kabini, in the south. Most of these rivers flow out of Karnataka eastward, reaching the sea at the Bay of Bengal.
Though several etymologies have been suggested for the name Karnataka, the generally accepted one is that Karnataka is derived from the Kannada words karu and nādu, meaning 'elevated land'. Karu nadu may also be read as karu, meaning 'black', and nadu, meaning 'region', as a reference to the black cotton soil found in the Bayalu Seeme region of the state. The British used the word Carnatic, sometimes Karnatak, to describe both sides of peninsular India, south of the Krishna.
The economy of Karnataka is the fifth-largest state economy in India with 14.08 lakh crore (US$200 billion) in gross domestic product and a per capita GDP of 174,000 (US$2,400). With an antiquity that dates to the paleolithic, Karnataka has been home to some of the most powerful empires of ancient and medieval India. The philosophers and musical bards patronised by these empires launched socio-religious and literary movements which have endured to the present day. Karnataka has contributed significantly to both forms of Indian classical music, the Carnatic and Hindustani traditions.
Major Towns of Karnataka: Bagalkot, Ballari, Belagavi, Bengaluru Rural (Bengaluru), Bengaluru Urban(Bengaluru), Bidar, Chamarajnagar, Chikkaballapur, Chikkamagaluru (Chikmagalur), Chitradurga, Dakshina Kannada (Mangaluru), Davanagere(Davangere), Dharwad, Gadag(Gadag-Betageri), Hassan, Haveri, Kalaburagi, Kodagu(Madikeri), Kolar, Koppal, Mandya, Mysuru, Raichur, Ramanagara, Shivamogga, Tumakuru, Udupi, Uttara Kannada(Karwar), Vijayapura, Yadgir.
Economy of Karnataka:
Notes: Economy of Karnataka, Software Industry in Karnataka, Banking in Karnataka, Economy of Bangalore, and Economy of Mangalore
Karnataka had an estimated GSDP (Gross State Domestic Product) of about US$115.86 billion in the 2014–15 fiscal year. The state registered a GSDP growth rate of 7% for the year 2014–2015. Karnataka's contribution to India's GDP in the year 2014–15 was 7.54%. With GDP growth of 17.59% and per capita GDP growth of 16.04%, Karnataka is on the 6th position among all states and union territories. In an employment survey conducted for the year 2013–2014, the unemployment rate in Karnataka was 1.8% compared to the national rate of 4.9%. In 2011–2012, Karnataka had an estimated poverty ratio of 20.91% compared to the national ratio of 21.92%.
Nearly 56% of the workforce in Karnataka is engaged in agriculture and related activities. A total of 12.31 million hectares of land, or 64.6% of the state's total area, is cultivated. Much of the agricultural output is dependent on the southwest monsoon as only 26.5% of the sown area is irrigated.
Karnataka is the manufacturing hub for some of the largest public sector industries in India, including Hindustan Aeronautics Limited, National Aerospace Laboratories, Bharat Heavy Electricals Limited, Bharat Earth Movers Limited and HMT (formerly Hindustan Machine Tools), which are based in Bangalore. Many of India's premier science and technology research centres, such as Indian Space Research Organisation, Central Power Research Institute, Bharat Electronics Limited and the Central Food Technological Research Institute, are also headquartered in Karnataka. Mangalore Refinery and Petrochemicals Limited is an oil refinery, located in Mangalore.
The state has also begun to invest heavily in solar power centred on the Pavagada Solar Park. As of December 2017, the state has installed an estimated 2.2 gigwatts of block solar panelling and in January 2018 announced a tender to generate a further 1.2 gigawatts in the coming years: Karnataka Renewable Energy Development suggests that this will be based on 24 separate systems (or 'blocks') generating 50 megawatts each.
Since the 1980s, Karnataka has emerged as the pan-Indian leader in the field of IT (information technology). In 2007, there were nearly 2,000 firms operating in Karnataka. Many of them, including two of India's biggest software firms, Infosys and Wipro, are also headquartered in the state. Exports from these firms exceeded 50,000 crores ($12.5 billion) in 2006–07, accounting for nearly 38% of all IT exports from India. The Nandi Hills area in the outskirts of Devanahalli is the site of the upcoming $22 billion, 50 square kilometre BIAL IT Investment Region, one of the largest infrastructure projects in the history of Karnataka. All this has earned the state capital, Bangalore, the sobriquet Silicon Valley of India.
Karnataka also leads the nation in biotechnology. It is home to India's largest biocluster, with 158 of the country's 320 biotechnology firms being based here. The state accounts for 75% of India's floriculture, an upcoming industry which supplies flowers and ornamental plants worldwide.
Seven of India's banks, Canara Bank, Syndicate Bank, Corporation Bank, Vijaya Bank, Karnataka Bank, ING Vysya Bank and the State Bank of Mysore originated in this state. The coastal districts of Udupi and Dakshina Kannada have a branch for every 500 persons—the best distribution of banks in India. In March 2002, Karnataka had 4767 branches of different banks with each branch serving 11,000 persons, which is lower than the national average of 16,000.
A majority of the silk industry in India is headquartered in Karnataka, much of it in Doddaballapura, and the state government intends to invest 70 crore in a 'Silk City' at Muddenahalli, near Bangalore International Airport.
Tourism: Virtue of its varied geography and long history, Karnataka hosts numerous spots of interest for tourists. There is an array of ancient sculptured temples, modern cities, scenic hill ranges, forests and beaches. Karnataka has been ranked as the fourth most popular destination for tourism among the states of India.Karnataka has the second highest number of nationally protected monuments in India, second only to Uttar Pradesh, in addition to 752 monuments protected by the State Directorate of Archaeology and Museums. Another 25,000 monuments are yet to receive protection.
The districts of the Western Ghats and the southern districts of the state have popular eco-tourism locations including Kudremukh, Madikeri and Agumbe. Karnataka has 25 wildlife sanctuaries and five national parks. Popular among them are Bandipur National Park, Bannerghatta National Park and Nagarhole National Park. The ruins of the Vijayanagara Empire at Hampi and the monuments of Pattadakal are on the list of UNESCO's World Heritage Sites. The cave temples at Badami and the rock-cut temples at Aihole representing the Badami Chalukyan style of architecture are also popular tourist destinations. The Hoysala temples at Belur and Halebidu, which were built with Chloritic schist (soapstone) are proposed UNESCO World Heritage sites. The Gol Gumbaz and Ibrahim Rauza are famous examples of the Deccan Sultanate style of architecture. The monolith of Gomateshwara Bahubali at Shravanabelagola is the tallest sculpted monolith in the world, attracting tens of thousands of pilgrims during the Mahamastakabhisheka festival.
The waterfalls of Karnataka and Kudremukh are considered by some to be among the '1001 Natural Wonders of the World'. Jog Falls is India's tallest single-tiered waterfall with Gokak Falls, Unchalli Falls, Magod Falls, Abbey Falls and Shivanasamudra Falls among other popular waterfalls.
Several popular beaches dot the coastline, including Murudeshwara, Gokarna, Malpe and Karwar. In addition, Karnataka is home to several places of religious importance. Several Hindu temples including the famous Udupi Sri Krishna Matha, the Marikamba Temple at Sirsi, the Kollur Mookambika Temple, the Sri Manjunatha Temple at Dharmasthala, Kukke Subramanya Temple and Sharadamba Temple at Shringeri attract pilgrims from all over India. Most of the holy sites of Lingayatism, like Kudalasangama and Basavana Bagewadi, are found in northern parts of the state. Shravanabelagola, Mudabidri and Karkala are famous for Jain history and monuments. Jainism had a stronghold in Karnataka in the early medieval period with Shravanabelagola as its most important centre. The Shettihalli Rosary Church near Shettihalli, an example of French colonial Gothic architecture, is a rare example of a Christian ruin, is a popular tourist site.
Recently Karnataka has emerged as a center of health care tourism. Karnataka has the highest number of approved health systems and alternative therapies in India. Along with some ISO certified government-owned hospitals, private institutions which provide international-quality services have caused the health care industry to grow by 30% during 2004–05. Hospitals in Karnataka treat around 8,000 health tourists every year.
Transport: Air transport in Karnataka, as in the rest of the country, is still a fledgling but fast expanding sector. Karnataka has airports at Bangalore, Mangalore, Belgaum, Hubli, Hampi, Bellary and Mysore with international operations from Bangalore and Mangalore airports.
Karnataka has a railway network with a total length of approximately 3,089 kilometres (1,919 mi). Until the creation of the South Western Zone headquartered at Hubli in 2003, the railway network in the state was in the Southern and Western railway zones. Several parts of the state now come under the South Western Zone, with the remainder under the Southern Railways. Coastal Karnataka is covered under the Konkan railway network which was considered India's biggest railway project of the century. Bangalore is well-connected with inter-state destinations, while other towns in the state are not.
Karnataka has 11 ports, including the New Mangalore Port, a major port and ten minor ports, of which three were operational in 2012. The New Mangalore port was incorporated as the ninth major port in India on 4 May 1974. This port handled 32.04 million tonnes of traffic in the fiscal year 2006–07 with 17.92 million tonnes of imports and 14.12 million tonnes of exports. The port also handled 1015 vessels including 18 cruise vessels during the year 2006–07. Foreigners can enter Mangalore through the New Mangalore Port with the help of Electronic visa (e-visa). Cruise ships from Europe, North America and UAE arrive at New Mangalore Port to visit the tourist places across Coastal Karnataka.
The total lengths of National Highways and state highways in Karnataka are 3,973 and 9,829 kilometres (2,469 and 6,107 mi), respectively. The KSRTC, the state public transport corporation, transports an average of 2.2 million passengers daily and employs about 25,000 people. In the late nineties, KSRTC was split into four corporations, viz., The Bangalore Metropolitan Transport Corporation, The North-East Karnataka Road Transport Corporation and The North-West Karnataka Road Transport Corporation with their headquarters in Bangalore, Gulbarga and Hubli respectively, and with the remnant of the KSRTC maintaining operations in the rest of the state from its headquarters in Bangalore.
Steps to Incorporate a Private Limited Company/OPC (One Person Company) anywhere in Karnataka