Private limited company registration in Delhi opens up numerous opportunities for entrepreneurs and business owners looking to establish a formal and legally recognized business entity. Delhi, being the capital city of India, offers a vibrant and dynamic environment for businesses across various industries. With its strategic location, robust infrastructure, and access to a large consumer base, Delhi provides a favorable ecosystem for both domestic and international companies. Private limited company registration in Delhi not only provides limited liability protection to the owners but also enhances the credibility and trustworthiness of the business in the eyes of customers, suppliers, and investors. The process of Private limited company registration in Delhi involves a series of legal and procedural steps that must be followed diligently to ensure compliance with the relevant laws and regulations.
Private limited company registration documents required
- Directors’ Documents:
– Identity Proof: Passport, Aadhaar Card, Voter ID, or Driver’s License of all directors.
– Address Proof: Recent utility bills (electricity bill, telephone bill, etc.), bank statement, or passport for address verification.
– Passport-size photographs.
– PAN Card: Permanent Account Number (PAN) card of all directors.
- Registered Office Documents:
– Address Proof: Recent utility bills (electricity bill, telephone bill, etc.) or a rental agreement along with the No Objection Certificate (NOC) from the property owner.
– In case of owned property, the sale deed or property deed.
- Memorandum of Association (MoA) and Articles of Association (AoA):
– These documents define the constitution and regulations of the company. They include details about the company’s objectives, share capital, board meetings, and other important aspects of the business.
- Declaration from Directors:
– A declaration by all directors stating their consent to become directors and that they are not disqualified to act as directors.
- Form DIR-2:
– Consent to act as a director from all directors.
- Form INC-9:
– Declaration by subscribers to the Memorandum of Association (MoA) stating that all requirements of the Companies Act, 2013 have been complied with.
Private limited company registration fees in india
The fees for private limited company registration in India can vary depending on factors such as authorized capital, state-specific fees, and professional fees.
- Government Fees:
– Digital Signature Certificate (DSC): Approximately Rs. 500 to Rs. 1,500 per director.
– Director Identification Number (DIN): Approximately Rs. 500 per director.
– Name Reservation: Rs. 1,000 to Rs. 2,000.
– Incorporation Fee: Rs. 5,000 to Rs. 10,000 (based on authorized capital).
- Stamp Duty:
– Stamp duty on the Memorandum of Association (MoA) and Articles of Association (AoA) varies from state to state. It is usually a small percentage of the authorized capital or a fixed amount.
- Professional Fees:
– Professional fees for legal and documentation services provided by a chartered accountant, company secretary, or other professionals can range from Rs. 10,000 to Rs. 30,000 or more.
How to register a private limited company
To register a private limited company in India, including in Delhi, you need to follow these steps:
Step 1: Obtain Digital Signature Certificate (DSC)
– All directors of the company need to obtain a Digital Signature Certificate (DSC). It is required for online filing of documents during the registration process. DSC can be obtained from certifying authorities.
Step 2: Obtain Director Identification Number (DIN)
– Each director must obtain a Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA) by filing Form DIR-3.
Step 3: Name Reservation
– Choose a unique name for your company and check its availability on the MCA portal. Once you have a unique name, file the application for name reservation in Form SPICe+ (Part A) or Reserve Unique Name (RUN) on the MCA portal. The name will be reserved for 20 days.
Step 4: Prepare and File Incorporation Documents
– Prepare the necessary documents, including Memorandum of Association (MoA) and Articles of Association (AoA). These documents define the objectives, rules, and regulations of the company.
– File the incorporation documents online in Form SPICe+ (Part B) along with the required attachments, including MoA, AoA, declaration from directors, consent to act as a director, address proof, and identity proof of directors.
– Pay the applicable fees online.
Step 5: Obtain Certificate of Incorporation (COI)
– After submitting the documents, the Registrar of Companies (RoC) will review the application. If everything is in order, the RoC will issue a Certificate of Incorporation (COI) with a unique Corporate Identification Number (CIN).
Step 6: Apply for PAN, TAN, and Bank Account
– After obtaining the COI, apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) from the respective authorities.
– Open a bank account in the name of the company and deposit the minimum required capital.
Step 7: Compliance Requirements
– Once the company is registered, ensure compliance with various legal and regulatory requirements, such as regular filing of annual returns, financial statements, and conducting board meetings.
Benefits of Private limited Company Registration in delhi
Private limited company registration in Delhi offers several benefits. Here are some of the key advantages:
- Limited Liability: One of the primary benefits of a Private limited company registration in Delhi is limited liability protection. The personal assets of the shareholders are separate from the company’s liabilities. In the event of financial distress or legal obligations, the liability of the shareholders is limited to their shareholding in the company. This provides a level of financial security and protects the personal assets of the shareholders.
- Separate Legal Entity: A private limited company is a separate legal entity distinct from its owners. It can own assets, enter into contracts, and engage in legal proceedings in its own name. This distinction provides credibility and enhances the company’s reputation, making it easier to conduct business with customers, suppliers, and financial institutions.
- Perpetual Succession: A private limited company has perpetual succession, meaning the company’s existence is not affected by changes in its ownership or the death of its shareholders. The company continues to exist, and its operations carry on uninterrupted. This provides stability and ensures the longevity of the business.
- Easy Transferability of Shares: Shares of a private limited company are easily transferable, subject to certain restrictions as mentioned in the Articles of Association. This allows shareholders to sell or transfer their ownership in the company without disrupting the business operations or requiring significant legal formalities.
- Ability to Raise Funds: Private limited companies have various avenues to raise funds, such as issuing shares to investors, raising loans from financial institutions, or attracting venture capital investments. The separate legal entity status and limited liability feature make it more attractive for investors to invest in a private limited company.
- Tax Benefits: Private limited companies enjoy certain tax benefits, including the ability to claim deductions for business expenses, separate tax rates for corporate income, and other incentives provided by the government.
- Brand Building: Private limited company registration in Delhi can enhance the brand image and credibility of the business. Delhi being a major business hub and the capital city of India, it offers various networking opportunities, access to a large consumer base, and exposure to potential clients, partners, and investors.
Easebis is a service provider that can assist you in registering your private limited company. Our support can streamline the registration process and alleviate the burden of navigating the legal and administrative complexities involved. Easebis can help you with tasks such as obtaining digital signature certificates, filing incorporation documents, and completing necessary formalities. With our expertise, we ensure compliance with the relevant laws and regulations, making the registration process smoother and more efficient. By leveraging the services of Easebis, you can save time and effort, allowing you to focus on other aspects of your business.