To register a company in Delhi, is the best for your business. This is because this city is surrounded by two business cities Greater Noida and Gurgaon. Also it is the national capital, hence chances of business growth and development are high in this city. There are different types of entities one can register. But among them the most preferred in Delhi is Private Limited Company registration. This is the best choice with respect to the businesses which are not very giant and want to establish themselves on a broader level in India. Due to its various benefits and advantages it is the favorite of entrepreneurs. If you are from the national capital and want to establish your business over there then you can opt for the Private Limited company. To know more about the same, keep reading this blog till the end.
Meaning of Private Limited Company
Several different forms of entities have been mentioned in the Companies Act of 2013. Among them is a Private Limited Company. These are the legal entities that can be established with just two directors. The maximum number of directors in these corporations is 200. These organizations are beneficial for companies that operate on a larger scale and whose operations are not restricted to a specific region. This type of company offers a number of advantages or we can say benefits, including limited liability, a clear identity, permanent succession, and well-defined management. If you are thinking about to register a company in Delhi, then it is advised to choose the Private Limited Company registration.
Features of Private Limited Company
Some of the features to register a company in Delhi, specially a Private Limited Company are mentioned below:
- They have a minimum of two directors. Without them a Private Limited company cannot be formed
- They can have maximum 200 directors
- They can be started with minimum Rs. 1 lakh of paid capital
- Their procedure to form is online
- They can be incorporated within 15-20 days
- They are having perpetual succession
- Separate legal identification is associated with the Private Limited Companies
- Limited liability of the members in such type of companies
- Assets of the company and the assets of the members of the company are different
- Private limited companies are the juristic person
- Smooth oppression as well as management of the company.
- They are having common seal
- High trust building capacity
- Transparent oppressions
- Supervision of the government with the help of compliances
- High credibility and reliability in the market
Procedure to Register a Company in Delhi
Under the Companies Act of 2013 proper procedure to register a company in Delhi has been mentioned. Given below is the simplified version of the same:
- Choose a distinctive name for your business before you start the registration process
- Verify that the name is not already taken
- Apply for a DIN online through the MCA portal
- For each director of the company, a DSC the director identification number should be obtained.
- Gather all the paperwork required to complete the registration process.
- On the Ministry of Corporate Affairs’s website or the government portal, an account must be set up.
- One must authenticate the account after it is created
- Fill up and submit the Spice+Part A form to request name availability through the same portal.
- Pay the required fees for the approval of the name.
- Make the MOA and AOA for your business.
- The registration process can begin after the name has been authorized.
- Fill out Form Spice+Part B.
- After finishing the application, double-check everything.
- Fill out the company registration form and submit it.
- Pay the required fees to register the business.
- The company registrar will now examine your application.
- ROC will provide a Certificate of Incorporation following the application’s successful verification.
- Register your company’s name for GST through GST registration, if your company’s revenue reaches the GST threshold
- A bank account must be opened in the business’s name.
- Place the required amount of funds in the business’s account.
- Make sure you follow the company’s annual compliance requirements.
- You can require additional licenses and permits from appropriate authorities depending on your business activity.
Documents Required to Register a Company in Delhi
In order to register a company in Delhi one must have the following documents:
- Personal records of each board member of the company
- Documents pertaining to each shareholder’s personal information
- Personal documents such as an address proof, PAN card, and Aadhaar card
- Utility bills, which includes but are not exhausted to electricity, gas, or even phone service, can serve as proof of residence, together
- DSC and DIN of the company’s directors.
- Proof of the company’s registered address in accordance with the location of the registered office
- The business’s lease, if its offices are rented
- It is necessary to know the bank account information for each director connected to the organization.
- It is necessary to have the contact information for the company’s related directors. These specifics include the directors’ telephone and email addresses.
Conclusion
To register a company in Delhi, particularly a Private Limited Company, you should follow the prescribed procedure under the Companies Act of 2013. Begin by selecting a unique name for your business and ensuring its availability. After that with the help of MCA portal one can complete the registration process. To register a company in Delhi is not a child’s play. Its process is online but it does not mean it can be completed by anybody. It needs knowledge and experience of company formation. Because even a silly mistake of the applicant can result in cancellation of your application or you may face unnecessary delay. Therefore in order to register your Private Limited Company in the national capital hire an expert who will make your work smooth and easy going.
