Making such a decision requires understanding the various options available and the benefits they offer. But what are the steps to register a company in Delhi? This article will tell you everything you need to know about registering a company in Delhi and why entrepreneurs choose it.
Type of business structure
Below are the main types of business structures with which entrepreneurs can register.
- Private Limited Company – Must be registered with MCA and Delhi Company Register
- Limited Liability Partnership – a new form of partnership that requires registration in the Limited Liability Partnership Registry
- One Person Company – Similar to a private company but must start with only one person or shareholder.
- Partnership – Requires a parent company registered in Delhi Companies Register
- Sole Proprietorship – Simplest business structure that does not require any special registration process and should be started by only one person.
Start Corporate Registration
Eligibility Criteria for Registering a Company in Delhi
- At least two shareholders and directors. However, shareholders and directors can be the same person.
- At least one director must be a resident of India. In other words, you must have been in India for at least 182 days in the previous year.
- All businesses must have a registered office address to conduct business.
- The Directors of the Company are required to have a Digital Signature Certificate to approve the online application and a Director Identification Number to submit the application.
- Business owners should draft necessary legal documents like shareholder agreement, MOA and AOA.
Documents required to register a company in Delhi
- Proof of Identity and Address for all Directors and Shareholders – PAN Card, Aadhar Card, Voter ID Card, Passport, Driving License
- Director Identification Number for all directors
- Digitally signed certificates of all directors
- Bank Statement
- Proof of Business Address – Rental Agreement, Real Estate Registration Certificate
- NOC for rental properties provided by landlords
- Passport size photograph of the Director.
Steps to Register a Company in Delhi
Let us now have a look at the process of registering a company in Delhi.
step 1
Firstly, entrepreneurs must ensure that they fulfill the eligibility criteria required to be incorporated as a particular business entity. Your best bet is to contact a company registration specialist such as Vakilsearch for guidance on what business structure to incorporate.
step 2
Once it is determined that the required standards have been met, the entrepreneur can begin obtaining the necessary legal documents.
step 3
Thereafter the founding members and directors will have to apply for Digital Signature Certificate and Director Identification Number through the online portal of MCA.
step 4
Additionally, entrepreneurs must submit an application to reserve a name for their company. You can submit up to 6 settings from the request form. MCA will do online name lookup and assign suitable name based on availability.
Step 5
The business owner must then contact an attorney and prepare legal documents for the company, including the memorandum and articles of incorporation.
Step 6
Entrepreneurs are ready to submit their application for registration to the ROC by submitting the following forms: Forms INC-7, INC-22, and DIR-12.
Step 7
After submitting the application, the entrepreneur has to pay the required stamp duty and fee to the ROC. All the details are then reviewed and verified by the Regional Office of the ROC in Delhi and if successful, a certificate of registration for the business is issued.
The Registrar of Companies will take around 5-6 days to review all the documents and issue the required certificates. Once the company obtains the certificate of incorporation, it can apply for the company’s PAN card and TAN for tax purposes. Also, other registrations required will depend on the nature of the business being proposed, but most businesses will need to register for GST.
Why choose to register your company in New Delhi?
- Enjoy a separate legal existence and identity
- Use perpetual succession to prevent external events from disrupting company operations
- In addition, enjoy the benefits of limited liability to help shareholders and directors protect their assets
- Provide companies with the opportunity to buy or lease real estate;
- Allow companies to freely transfer ownership from one person to another.
How can GST Profits help me?
As you can see, the process of company registration in Delhi can be lengthy and complicated. Hence it is important to seek help and guidance to complete the process at the earliest. Furthermore, our team of experts will assist you every step of the way to ensure that you receive your Certificate of Incorporation at the earliest.
We also provide services to help you stay in compliance and file your taxes on time. What you are looking for Partner with GST Profits to smoothly and efficiently launch your dream company in Delhi.