Procedure For New Company Registration in Delhi

Company Registration in Delhi have many advantages. The first step is to choose the right structure for operating a business efficiently. The Ministry of Corporate Affairs (MCA) regulates the registration of private companies, one-person companies, section 8 companies, LLP registration, or startups.

The benefits of registering  companies in Delhi NCR are a continuous supply of electricity, availability of human resources, international recognition, etc. The government has introduced zero fees conect on MCA in the SPICe+ form. 

Steps Involved in Company Registration in Delhi

The steps in the Pvt ltd Company Incorporation process are as follows:

Step 1: Create Digital Signature Certificate (DSC) as well as Director Identification Number (DIN) for the concerned directors

A DSC is issued by Certifying authorities with self-attested copies of identity proof. The director must have a Class III DSC. DIN can be applied in the SPICe+ form.

Step 2: Application for Name Approval in RUN services

The two names can be proposed in one application with an application fee for the reservation. The names must be unique as per the naming guidelines issued by the MCA.

Step 3: Drafting of Memorandum and Articles of Association 

The memorandum and article must be signed by the directors and shareholders.

Step 4: Apply for Online Company Registration in India through the SPICe+ form, AGILE Pro, SPICe MOA, and SPICe AOA with MCA.

The forms have details related to the nature of the business activity, the registered office address, shareholding of directors and shareholders. The documents attached to the form are identity and address proof of the directors and members. A declaration of the professional must be attached to the form. The form must be digitally signed by the directors and subscribers and a professional either Chartered Accountant/ Company Secretary/Cost Accountant.

Step 5: Issuance of Certificate of Incorporation by the Registrar.

After the verification of the forms and documents submitted is completed. The certificate includes the name, address, Corporate Identification Number (CIN) and date of incorporation.

Step 6: Application of Permanent Account Number and Tax deduction collection Account Number in SPICe+ form. It is applied at the time of registration.

Step 7: Opening of Bank Account .

The documents required for opening a bank account are a certificate of Incorporation and a memorandum and articles of association. A copy of the Resolution of the board of directors, Power of Attorney granted to a director for transacting the business and Copy of the Telephone bill.

Step 8: The E-Form SPICe+ for Company Incorporation in Delhi has option for apply for GST, EPF , ESIC registration, and Professional tax.

Documents Required for Company Registration in India

The list of documents required for incorporation of private limited in India is as follows:

1. For Directors and Shareholders

• Passport size photographs
• Copy of Self-attested PAN card
• Copy of Self-attested Aadhar card
• Copy of Self-attested Voter ID/ Passport/ Driving license
• Copy of Self-attested Electricity bill/ telephone bill/ bank account statement not older than two months

2. For  Address Proof

• Copy of Telephone bill/ Electricity bill not older than two months
• Copy of Title or sale for the owned property for Company Registration in Delhi
• Copy of Rent Agreement and No object certificate for the Rented property

3. For Foreign Nationals

• Copy of Self-attested Passport
• Copy of bank account statement or Driving license

4. Declaration of the Professional (Chartered Accountant/Company Secretary/Cost Accountant)

5. List of Subscribers

6. Directors' Consent in Form DIR-2

Checklist For Registration Private Limited 

The following minimum requirements fulfilled for the registration are:

1. Directors and Members

There must be at least two members for incorporating a private limited . There must be at least Two directors for registration. The director should have DSC and DIN.

2. Unique Name 

You must reserve any of the two proposed names through RUN services by MCA. The names should be as per the provided guidelines.

3. Registered Office 

You should have a registered office which is also referred to as a primary place of business.

How to Register a Startup  in India?

The process of registration of a startup in India is given in the following steps:

• Business Registration

There are types of registration and one must choose the best-suited structure for the business. For Example, Incorporation of a Private Limited, Partnership Firm, Limited Liability Partnership, One-Person Company, etc.

• Company Registration in Delhi with Startup India

The government has launched a Startup India website where you can click on the ‘Register’ Button and enter your name, email address, mobile number, and password. Enter the OTP and enter the type of user, stage of the Startup and click on the ‘Submit’ button.

• Avail DPIIT Recognition

DPIIT stands for the department for the promotion of Industry and Internal Trade (DPIIT). It provides benefits such as intellectual property services and resources, certification in labour and environment laws, a simple process for winding up , and tax exemption for three consecutive years.

• Recognition Application
• Registration Documents

The documents for registration are as follows:

• Incorporation certificate of Startup for Company Registration in Delhi
• Funding Proof
• Letter of authorization of authorized representative of company, LLP, or partnership firm
• Trademark or patent details
• Awards or certificates of recognition
• PAN number
• Recognition number

The certificate includes the recognition number which is issued after the verification of details online.

Benefits of Company Incorporation in Delhi

There are several benefits for companies registered in Delhi i.e., the capital of India. These are given below:

• Recognition on an International Level

Delhi is the metropolitan capital of India and it has recognition globally.

• Continuous Supply of Electricity

Continuous electricity is available for businesses which make it uninterrupted functioning.

• Savings of Tax 

The company can save through tax planning after completing the process of incorporation.

• Retention of Customer

A company manufacturing quality products with customer satisfaction. It builds a relationship with the public with the consistency of work.

• Brand Image

A private limited has a brand image to deal with them. In comparison to a sole proprietorship, a private limited will have more opportunities due to the registration of the company.

• Human Resources are Easily Available

Human resources can be availed easily by businesses. They are the most important for the operations of the company.

• Quick Approval from the Government

There is high transparency in the government department and thus, approval is quick.

• Fundraising Becomes Easy 

Borrowing funds from public institutions are easy due to credibility. The funds can be raised by the public by issuing shares and debentures.

• Comparatively lesser corruption

In Delhi, there is a comparatively less rate of corruption than in Uttar Pradesh.

Conclude Now...

There are different types of registration for a company and each has its own merits and demerits. You should select the structure as per your business needs.

At onlinexbrl.com you will get quick solutions with a hassle-free process for company incorporation.