Company Registration in Delhi for a Private Limited Company

Beginning a business can be a thrilling endeavour, but it can also be difficult. Choosing the appropriate form of company structure to meet your business goals will be one of your most important considerations. A private limited company is a common option for new businesses and small enterprises. In this blog post, we'll go through how to register a private limited company in Delhi, along with the necessary paperwork, costs, and other crucial information.

What is a private limited company?

A business that is privately owned and restricts the liability of its shareholders is a private limited company. The shareholders' liability is restricted to the number of unpaid shares they currently own, and the corporation has a different legal personality from its owners. For firms that want to expand in the future, recruit excellent workers, or need external capital or investment, private limited companies are the best option.

Steps for Company Registration in Delhi for a Private Limited Company

Step 1: Obtain a Digital Signature Certificate (DSC)

The first step in the company registration process is to obtain a digital signature certificate (DSC). This certificate is used to verify the authenticity of the documents submitted to the Registrar of Companies (ROC). You can obtain a DSC from government-approved agencies or vendors.

Step 2: Obtain the Director Identification Number (DIN).

Next, you need to obtain a Director Identification Number (DIN) for all the proposed directors of the company. You can apply for a DIN online by submitting an application on the Ministry of Corporate Affairs (MCA) website.

Step 3: Select a company name

Choosing a company name is an important step in the company registration process. The name should be unique, easy to remember, and not violate any trademark laws. Once you have selected a name, you can check its availability on the MCA website.

Step 4: Drafting of the Memorandum of Association (MOA) and Articles of Association (AOA)

The Memorandum of Association (MOA) and Articles of Association (AOA) are legal documents that outline the company's objectives, rules, and regulations. These documents must be drafted in accordance with the Companies Act, 2013.

Step 5: Filing of Incorporation Forms

Once you have obtained the DSC and DIN, and drafted the MOA and AOA, you can file the incorporation forms with the ROC. The forms required to be filed are SPICe (INC-32), SPICe MoA (INC-33), and SPICe AoA (INC-34). These forms can be filed online on the MCA website.

Step 6: Payment of Fees

You will have to pay the registration fees and stamp duty at the time of filing the incorporation forms. The fees vary depending on the authorized share capital of the company.

Step 7: Verification of Documents

After the forms are filed, the ROC will verify the documents submitted. The ROC may request additional documents or information if required.

Step 8: Issue a Certificate of Incorporation

Once the ROC is satisfied with the documents submitted, it will issue a Certificate of Incorporation. This certificate serves as proof that the company is now a registered private limited company. You can download the certificate from the MCA website.

Documents Required for Company Registration in Delhi for a Private Limited Company

1. The following documents are required for company registration in Delhi for a private limited company:
2. Memorandum of Association (MOA) and Articles of Association (AOA)
3. Digital Signature Certificate (DSC) of proposed directors
4. Director Identification Number (DIN) of proposed directors
5. PAN card of proposed directors
6. Address proof of proposed directors
7. address proof of the registered office
8. No Objection Certificate

Fees involved in company registration in Delhi for a private limited company

The fees involved in company registration in Delhi for a private limited company are as follows:

• Digital Signature Certificate (DSC) - Rs. 1,500 to Rs. 3,000 per person
• Director Identification Number (DIN) - Rs. 500 per person
• Name Reservation - Rs. 1,000
• Registration Fees - Depends on the authorized share capital of the company (ranging from Rs. 4,000 to Rs. 10,000).
• Stamp Duty - Depends on the state in which the company is registered (ranges from 0.1% to 1% of the authorized share capital).
• Benefits of Registering a Private Limited Company

There are several benefits to registering a private limited company, including:

• Limited Liability - The liability of the shareholders is limited to the amount of unpaid shares they hold, which means that their personal assets are not at risk.
• Separate Legal Entity - A private limited company has a separate legal identity from its owners, which means that it can enter into contracts, own property, and sue or be sued in its own name.
• Fundraising - Private limited companies can raise funds from investors or banks by issuing shares, which makes it easier to raise capital for expansion or other business purposes.
• Tax Benefits - Private limited companies are eligible for several tax benefits, including lower tax rates, deductions, and exemptions.
• Credibility - A private limited company is seen as more credible and trustworthy than other types of business entities, which can help in attracting customers, investors, and employees.

Conclusion

Registering a private limited company in Delhi can be a challenging process, but it is essential to ensure that your business is legally compliant and has a strong foundation. It is advisable to seek the help of a professional company registration service provider like NeuSource Startup Minds India Ltd. to guide you through the process and ensure that all the necessary documents and fees are submitted on time. With the right support and guidance, you can successfully register your private limited company and enjoy the benefits of limited liability, a separate legal entity, fundraising, tax benefits, and credibility.

Santosh Dantani

To start a new business is easy, but to make it successful is difficult . So For success, choose the best." Be compliant and proactive from the beginning and choose NEUSOURCE as your guidance partner.