Company Registration in Delhi

The important industries in the current era of growth and expansion include e-commerce, information technology, manpower, and security, with Delhi being the state of India with the quickest growth. The state that offers the most opportunity for conducting various companies in Delhi. The greatest time to start a business or join these expanding industries is now through private limited company registration in Delhi.

You must be aware of the many possibilities available and the advantages they offer in order to make such judgments. What is the process for registering a company in Delhi, though? This content will go over all you need to know about setting up a business in Delhi and explain what entrepreneurs should do in getting an online company registration in Delhi.

Business Structure Types

The main types of business structures that entrepreneurs might include the following:

1. Registration with the MCA and the Registrar of Companies, Delhi, is necessary for a private limited company.
2. Limited liability partnerships are a modernized version of partnership firms that must be registered with the LLP Registrar.
3. Similar to a private limited company, a one-person corporation can be established with just one shareholder.
4. Partnership firms must have a fundamental company registered with the Delhi Registrar of Firms.
5. The simplest type of business organization, a sole proprietorship can be started with just one person and has no formal registration requirements.

With the business structures out of the way. Let's get down to the entire process!!

Eligibility for Private Limited Company Registration in Delhi

1. A minimum of two directors and stockholders. The stockholders and directors, however, may be the same person.
2. At least one of the directors must be a resident of India, meaning they must have spent at least 182 days there in the previous year.
3. Every company has to have a registered office location where they can conduct business.
4. For online filing authorization and application submission, the company's directors will need a digital signature certificate and a director identification number.
5. The necessary legal documents, including a shareholder's agreement, MoA, and AoA, must be drafted by the business owners.

Documents Required for Private Limited Company Registration in Delhi

For Directors and shareholders individually:

1. Photo the size of a passport
2. A PAN Card
3. The Aadhar Card
4. Voter identification, a passport, or a licence
5. Phone bill, electricity bill, and bank account statement, all no older than two months old.

In support of new company address proof:

1. Phone/Electricity Bill (Nothing more than two months old)
2. Title to Sold-Out Property
3. Arrangement for Renting a Property
4. RENTED PROPERTY - NOC

Other Conditions for Foreign Nationals:

1. A passport
2. Documents need to be apostilled, consularized, or notarized.

* Self-certified PDF document

Process for Private Limited Company Registration in Delhi

Now let's quickly go over how to form a company in Delhi.

Step 1: Entrepreneurs must first and foremost make sure they match the prerequisite eligibility requirements to incorporate as a certain company organization. To get advice on what business structure to incorporate as, it would be preferable to get in touch with a company incorporation specialist like Regalguru.

Step 2: The entrepreneurs can begin obtaining the essential legal papers if they are convinced they fit the criteria.

Step 3: Next, the founding members and directors must use the MCA's online application portal to request a digital signature certificate and a director identity number.

Step 4: The entrepreneurs must now submit an application in order to reserve a name for their business. Through an application form, they are permitted to offer up to six preferences. After conducting an online name search, the MCA will assign a suitable name based on its availability.

Step 5: After that, the business owners must hire a lawyer to prepare the company's legal paperwork, such as the articles of association and the memorandum of association.

Step 6: The entrepreneurs are now prepared to submit the INC-7, INC-22, and DIR-12 documents to the RoC in order to register their business.

Step 7: After submitting an application, the entrepreneurs must pay the requisite processing fee and stamp duty to the RoC. The regional RoC office in Delhi will next examine and confirm all the information before issuing the company with a certificate of incorporation if satisfied.

The needed certificate will be issued by the Registrar of Companies after 5 to 6 days of document verification. Companies can apply for a company PAN card and TAN for tax purposes as soon as they acquire the incorporation certificate. The nature of the prospective business will determine whether any further registrations are necessary, although for the most part, firms must register for the GST.

Benefits of New Company Registration in Delhi

The following are only a few advantages of registering a business in Delhi:-

1. Creation of Additional Capital

To produce ever-increasing quantities of goods and services, any firm needs cash. Additionally, there are two ways for you to obtain capital. The first technique involves borrowing money from the general people, whereas the second method involves borrowing money from financial entities.

2. Being A Distinct Legal Entity

An organization becomes a separate and distinct legal entity once it is formally registered. It functions for the following parties as a distinct legal entity:

1. Promoters
2. Directors
3. Shareholders.

3. Limiting One's Own Liability

If you operate your firm as a sole proprietor or in a partnership, you will be held accountable for all parts of it, including debts and losses. But a business functions as a distinct legal entity. It offers its owners limited liability as a result.

As a result, you will not be held accountable for any debt that the business has associated with it.

4. Ability To Make Decisions

If a disagreement of any type develops between the company's co-founders. Then, who has the upper hand in decision-making will be determined by how many shares each of them owns.

How Can Regalguru Help?

As you can see, establishing a business in Delhi can be a difficult and drawn-out procedure. For this reason, getting help and advice from online registration consultants is essential to completing the process as swiftly as possible. Additionally, our team of professionals will be able to support you at every turn and make sure that you get your certificate of incorporation as soon as possible.