Here’s all you need to know about setting up a company in our national capital
Setting up a private limited company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in PVT company registration, directors may be different from shareholders.
You are no longer worried about thinking of a company name. The Vakilsearch company name check can be used to generate a list of available businesses.
Vakilsearch, your trusted legal advisor, provides a cost-effective company registration service in India. You may learn how to register your business here. We take care of all legal formalities and fulfil the compliances, as defined by the Ministry of Corporate Affairs. Post-approval of the company registration process, you receive a Certificate of Incorporation (CoI), along with PAN and TAN. Now, you can open a current bank account and begin your business operations.
Benefits of Company Registration in Delhi
Benefits of registering a company. A registered company increases the authenticity of your business. It helps your business:
- Shield from personal liability and protects from other risks and losses
- Attract more customers
- Procure bank credits and good investment from reliable investors with ease
- Offers liability protection to protect your company’s assets
- Greater capital contribution and greater stability
- Increases the potential to grow 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.
Two Directors
A private limited company must have at least two directors, with a maximum of fifteen. A minimum of one of the company’s directors must be a resident of India.
Unique Name
The name of your business must be unique. The suggested name should not match any existing companies or trademarks in India.
Minimum Capital Contribution
There is no minimum capital amount for a company. A company should have an Authorised share capital of at least ₹1 lakh.
Registered Office
The registered office of a company does not have to be a commercial space. Even a rented home can be the registered office, so long as a NOC is obtained from the landlord.
How to Register a Company Online – the Registration Process
Company registration in India benefits startups since it offers them an advantage over those who have not registered. The process of registering your company is complex and involves many compliances. However, you needn’t worry as long as you have Vakilsearch as our professionals can help you with every step of the private limited company registration process.
Step 1: Obtain Digital signature Certificate Online
Step 2: Apply for the DIN
Step 3: Application to find company name availability
Step 4: Submission of MoA and AoA to register a private limited company
Step 5: Apply for the PAN and TAN registration of the company
Step 6: RoC issues a certificate of incorporation with a PAN and TAN
Documents Required for Online Company Registration
Company registration in delhi cannot be done without proper identity and address proof. Listed below are the documents accepted by the MCA for the online company registration process:
Identity and Address Proof
- Scanned copy of PAN card or passport (foreign nationals & NRIs)
- Scanned copy of voter ID/passport/driving licence
- Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
- Scanned passport-sized 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 of owned property)
Note: Your registered office need not be a commercial space; it can be your residence too.
Setting up a Company in Delhi
In Delhi, all forms are processed at the 4th Floor, IFCI Tower, 61, Nehru Place, New Delhi – 110019. You can mail them at roc.delhi@mca.gov.in or call 011-26235707, 26235708 or 262357092. To register a company in Delhi, you would spend around Rs. 7,000 in government fees, in case the entity has two directors and authorised capital of Rs. 1 lakh.
This is in addition to paying a professional to do the work for you. Typically, online companies, such as Vakilsearch, are cheaper, though any local chartered accountant can incorporate your company.
Find out the costs of running a private limited company. The RoC in Delhi will take anywhere from 7 to 15 days to process your paperwork, assuming you’ve made no errors in filling out the many forms. In case you have made a few errors, do ensure to resubmit the papers as soon as possible or the delay could be much longer than you would expect. You will have two chances to resubmit your forms before you are asked to file a new form, which would result in an additional cost of Rs. 2000. To ensure you don’t make any errors, do follow our comprehensive instructions.
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