Delhi, the dynamic capital of India, is a great place to start a business since it can be a rewarding and interesting endeavor. A private limited company is one of the most advantageous business forms accessible. It provides credibility with stakeholders and limited liability protection. A private limited corporation can have up to 200 shareholders, and its shares are not available for public trading. The responsibility of the shareholders is restricted to the amount of capital they have put in the firm.
In Delhi, a minimum of two directors and two shareholders are needed to establish a private limited company. To lawfully conduct business in Delhi, the corporation has to secure all licenses and permissions and have a registered office location there.Small and medium-sized firms (SMEs) in Delhi often choose a private limited company as their business structure because it offers advantages such tax incentives, improved access to capital, limited liability protection, and market credibility.
Process of Registering a Private limited company in Delhi
Step 1: Obtain Digital Signature Certificate (DSC)
The first step is to obtain a Digital Signature Certificate for the proposed directors and shareholders. This is required for filing documents electronically with the Ministry of Corporate Affairs (MCA).
Step 2: Obtain Director Identification Number (DIN)
Each director needs to obtain a DIN. This can be done by filing Form DIR-3 online with the Ministry of Corporate Affairs. It’s a unique identification number assigned to each director.
Step 3: Name Approval
Choose a unique name for your company and check its availability. You can use the MCA’s online portal to file for name approval through the RUN (Reserve Unique Name) service.
Step 4: Drafting of Memorandum and Articles of Association
Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) of the company. These documents define the company’s constitution and structure.
Step 5: Filing Forms for Incorporation
Once the name is approved, file the incorporation forms with the Registrar of Companies (RoC). The main forms include SPICe (Simplified Proforma for Incorporating Company Electronically) and the linked forms for PAN, TAN, and ESIC registration.
Step 6: Paying Fees
Pay the required fees for company registration based on the authorized capital. The fees can be paid online through the MCA portal.
Step 7: Verification and Approval
Apply for the company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) through the NSDL portal. The RoC will verify the documents and forms submitted. If everything is in order, they will issue the Certificate of Incorporation. This document signifies the creation of the company.
Step 8: Open a Bank Account
After obtaining the Certificate of Incorporation, open a bank account in the company’s name. Submit the necessary documents, including the Certificate of Incorporation and PAN.\
Step 9: Registration for GST
If your company’s turnover is expected to exceed the prescribed limit, register for Goods and Services Tax (GST) through the GST portal.
Step 10: Compliance and Annual Filings
Ensure ongoing compliance with ROC filings, such as annual returns and financial statements.
Enclosed Documents and Fee Schedule
The aforementioned paperwork is needed in order to start a private limited business in Delhi:
● Proof of Address and Identity for Every Director and Shareholder: Driving license, PAN card, passport, voter ID card, Aadhaar card, or any other kind of government-issued identification
● Proof of address for the company’s registered office:Evidence of the property’s ownership, the rental agreement, and a NOC from the owner
● Every Director’s Digital Signature Certificate (DSC)
● Each director’s Director Identification Number (DIN)
● Memorandum of Association (MoA) and Articles of Association (AoA) of the firm; Board Resolution authorizing Directors to apply for DIN and DSC; Declaration by the Directors and Shareholders certifying that they are not barred by law from serving as Directors or Shareholder of the Company
Registering a private limited company in Delhi is a structured process that requires careful planning and adherence to legal formalities. By following the step-by-step guide outlined in this blog, you can streamline the registration process and ensure compliance with the applicable laws and regulations. Remember, seeking professional assistance from legal and financial experts can provide valuable guidance and save you time and effort. Establishing a private limited company offers numerous benefits and sets the foundation for a successful business journey in the vibrant business landscape of Delhi.
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