Setting up a Private Limited Company is one of the highly recommended ways to start a business in India. This type of company provides limited liability for its shareholders with few restrictions on ownership. An LLP consists of partners, who own and manage the business. Whereas in private company registration, the directors may be different from the shareholders.
You no longer have to worry about thinking of a company name. Legal tax company name checks can be used to achieve a loss of available businesses.
legal tax, your trusted Legal Advisor, offers a cost-effective Company Registration service in India. You can understand how to register your business here. We take care of all the legal formalities and fulfill the compliances as defined by the Ministry of Corporate Affairs. After approval of the company registration process, you receive the Certificate of Incorporation (CoI) along with PAN and TAN. Now, you can open a current bank account and start your business operations.
Advantages of Registration of Company in Delhi
Registered company enhances the authenticity of your business. It helps your business:
- Avoids personal liability and protects against other risks and losses
- Attract More Customers
- Easily get bank credit and good investments from trusted investors
- Provides liability protection to protect your company assets
- Greater capital contribution and greater stability
- Increases ability to raise big and expand
Checklist for Registering a Company in Delhi
As defined by the Companies Act 2013, we must guarantee that the checklist requirements are met.
A Private Limited Company must have at least two directors with a maximum of fifteen. At least one of the directors of the company must be a resident of India.
Your business name should be unique. The suggested name should not match any existing company or trademark in India.
minimum capital contribution
There is no minimum capital amount for a company. A company must have an authorized share capital of at least ₹1 lakh.
The registered office of a company need not be its place of business. Even a rented house can be the registered office, as long as NOC is obtained from the landlord.
How to do Registration of Company Online – the Registration Process
Startups benefit from company registration in India as it provides them with an advantage over those who have not registered. The process of registering your company is complex and involves a number of compliances. However, as long as you have Vakilsearch with you, you need not worry as our professionals can assist you at each and every step of the Private Limited Company Registration process.
Step 1: Get Digital Signature Certificate Online
Step 2: Apply for DIN
Step 3: Apply to find company name availability
Step 4: Submission of MOA and AOA to Register a Private Limited Company
Step 5: Apply for PAN and TAN registration of the company
Step 6: ROC issues Certificate of Incorporation along with PAN and TAN
Documents Required for Registration of Company Online
Company registration in Delhi cannot be done without proper identity and address proof. Given below is the list of documents accepted by MCA for the online company registration process:
Identity and Address Proof
- Scanned copy of PAN Card or Passport (Foreign Nationals and NRIs)
- Scanned copy of Voter ID/Passport/Driving License
- Scanned copy of latest bank statement/telephone or mobile bill/electricity or gas bill
- Scanned passport size photograph specimen signature (Blank document with signature [directors only]
Registered Office Proof
- Scanned copy of the latest bank statement / telephone or mobile bill / electricity or gas bill
- Scanned copy of the notarized rental agreement in english
- Scanned copy of no-objection certificate from the property owner
- Scanned copy of sale deed/ property deed in english (in case if owned property)
Setting up a Company in Delhi
In Delhi, all forms are processed at 4th Floor, IFCI Tower, 61, Nehru Place, New Delhi – 110019. You can mail them at firstname.lastname@example.org or call at 011-26235707, 26235708 or 262357092. Register a company in Delhi, you will spend around Rs. 7,000 in government duty, in case the entity has two directors and an authorized capital of Rs. 1 Lac.
This is in addition to paying a professional to do the work for you. Normally online companies, Such as Legaltax, are best. Though any local chartered accountant can incorporate your company.
Find out the cost of running a Private Limited Company. Assuming you haven’t committed any errors in multiple form filling, ROC in Delhi will take anywhere from 7 to 15 days to process your paperwork. If you have committed some errors, make sure to resubmit the papers as soon as possible or the delay may be longer than you expected. You will have two chances to resubmit your form
before you are asked to fill a new form, which will result in an additional cost of Rs. 2000. To assure you don’t make any errors, do follow our recommended instructions for the Registration of Company process.