Delhi has emerged as India’s startup hub. It is one of the important commercial locations in north India and one of the elements contributing to the fast-developing entrepreneurism due to the presence of numerous industries, including those relating to information technology, telecommunications, banking, media, tourism, and so on. Every firm in Delhi is formed in compliance with the Companies Act of 2013, and they are overseen by the Ministry of Corporate Affairs (MCA). This post will go over all you need to know aboutcompany registration in Delhiand why entrepreneurs should do so.
What Is Company Registration?
In India, registering a business effectively results in the creation of a legally recognised entity. It will be necessary to abide by this organisation’s rules and regulations in order to continue to be compatible. It might be a little challenging to establish a company in Delhi, but it is crucial to comprehend the process to make sure your business is correctly registered.
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Different Types of Company Registration Available in Delhi
An entrepreneur can incorporate the following business categories in Delhi:
- Private Limited Company: A private limited company is one that is incorporated with at least two members and has a membership cap of 200 people.
- One-Person Company (OPC): An OPC is a business with just one member. The company’s director may also be a member. An OPC is appropriate for small companies with one employee.
- Limited Liability Partnership (LLP): An LLP is a business entity that requires at least two partners. It is appropriate for a group looking to launch a business together.
- Public Limited Company: A group of individuals who want to sell the firm’s shares to the general public form a public limited company.
- Section 8 Company: This is a type of company that was established for social benefit. Its main objective is to work for society’s welfare. The procedure for registering a corporation there is simple and hassle-free.
What Is the Procedure for Company Registration in Delhi?
Startups in India benefit from company registration since it gives them an advantage over others that haven’t. Your company must comply with several regulations throughout a lengthy and difficult registration procedure.
The steps for company registration in Delhi are shown below.
- Step 1: Asking all directors’ DSCs and DINs.
- Step 2: Complete SPICe Part-A and reserve the business name on the MCA website.
- Step 3: Complete the SPICe form’s Part-B for business information.
- Step 4: You must apply for name availability at this stage.
- Step 5: File a Memorandum of Association and Article of Association electronically in order to register as a Pvt. Limited Company.
- Step 6: Apply for the PAN and TAN of the business.
- Step 7: The RoC will provide a certificate of incorporation, which also serves as a certificate of company registration, along with a PAN and TAN.
- Step 8: Open a current bank account in the name of the company.
Who Is Eligible to Register a Company in Delhi?
Before requesting a company’s registration in Delhi, entrepreneurs must meet the following requirements:
- The business name must be distinct, meaning it cannot be the same as or confusingly similar to a name or trademark that has already been registered.
- The minimum number of directors required by law is one for an OPC, two for a private business, and three for a public corporation.
- Directors of the corporation may be foreigners, although at least one director must be an Indian national.
- The Director Identification Number (DIN) is a requirement for all directors.
- To sign papers and forms, each director and shareholder needs a Digital Signature Certificate (DSC).
- The business needs a Delhi address for its registered office.
- The business must write its articles of association (AOA) and memorandum of association (MOA).
What Are the Documents Required for Company Registration?
- PAN cards, Aadhaar cards, voter identification, passports, and licences serve as proof of identity and residency for all directors and shareholders.
- Each director’s unique director identification number.
- All directors’ digital signature certificates.
- Directors’ passport-sized photos.
- Financial statement.
- Rental agreements and property registration certificates, as well as NOCs from the owner for rented spaces.
FAQs on Company Registration in Delhi:
Here are some commonly asked questions about company registration in Delhi:
Can a corporation be registered without a CA?
The certifications necessary for company registration procedures are approved by chartered accountants or company secretaries. The function of a chartered accountant is therefore essential during the registration procedure. Each stage of the registration procedure needs to be approved by a CA
How much should I spend on company registration?
A private limited company’s incorporation fees might range from Rs. 6,000 to Rs. 30,000, based on the number of directors.
Is the GST required for company registration?
Yes, as your revenue reaches the appropriate threshold levels, you must register for GST.
Which type of company registration is ideal?
OPC is the best choice for business owners who want to operate a company independently. Due to the OPC’s distinct legal position, business owners can benefit from liability protection without forming a partnership. An OPC is simple to form and control because there is just one person involved.
Can Pvt Ltd be owned by only one person?
A private limited corporation needs at least two shareholders to be incorporated. Therefore, a single person cannot own all of the shares of a private limited company.
Company registration in Delhi is a simple process. The entire business registration procedure can be done online. A firm might gain additional advantages and benefits by registering. Having your business registered improves its reputation. It is simple to register a business. However, registering your business requires adhering to a step-by-step process, that is given above in the article.�
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