Many startups opt to register as a ‘Private Limited Company’ because it’s the sole organizational form eligible for Seed funding, making it the only popular organizational structure in Delhi. There are several benefits to establishing a Private Limited Company in Delhi compared to other company forms. It is the go-to option for startups in the city. In this type of organizational structure, the business owner privately owns all company shares. Investors have the option of designating directors to oversee the company or managing it themselves. The act of incorporating as a private limited company provides financial help, asset protection, access to supplementary resources, and important taxation benefits.
How to Register a Private Company in Delhi?
1. Fill the company registration form: The company will send you a registration form. This form usually includes basic information about your company, like its name, address, and details about the owners and directors.
2. Get the Digital Signature Certificate (DSC) and Director Identification Number (DPIN) from us. After completing the registration form, you must obtain a Digital Signature Certificate (DSC) in order to digitally sign documents as part of the company registration procedure. A Director Identification Number (DPIN) is another need for each director in the company. We’ll assist you in completing the DSC and DPIN applications more quickly.
3. Verification and Name Approval: The Ministry of Corporate Affairs (MCA) requires two original, punctuation-free names in order to register a private limited business. The names should be evaluated for conformance; if something is found, they may need to be submitted again. After approval, the name is valid for 20 days, including weekends and public holidays. Completion of all unfinished works, including acquiring permissions and submitting incorporation documents, is necessary to ensure registration on time.
4. Application for a Digital Signature Certificate (DSC): To register a private limited company, it is mandatory for all the directors of the company to get the DSC. A Digital Signature is nothing but an electronic signature used for the submission of documents online. The name application and the proposal for name approval can be performed simultaneously because there is no need for a DSC. A shareholder or director may omit this stage if they already have a DSC and have registered with the private limited company.
5. Preparation of Documents and Submission of Forms: After getting Digital Signature Certificates (DSC) and getting name clearance, the next step is to fill out documents like INC 22, Spice + Part, Agile Pro, Spice MOA, and Spice AOA and submit them to the Ministry of Corporate Affairs (MCA). These forms contain information relevant to the registration of private limited companies. Details on the ownership structure, authorized and paid-up capital, registered office, and the residences and educational backgrounds of the directors and shareholders are all included in this data. Additionally, it could be necessary to submit specific supporting documentation, including a PAN card and evidence of registered office (a title deed or rental agreement).
6. Getting the Incorporation Certificate: After completing the necessary documentation and having it approved by the Registrar of Companies (ROC), you will receive a Certificate of Incorporation in the email in a week or so. This paperwork completes the registration process and serves as your company’s official birth certificate. It will contain information like the name of the business, the registered address, and the 21-digit alphanumeric Corporate Identity Number (CIN) that the MCA assigned to each registered company.
7. Bank Account Setup: After getting the formation certificate, a private limited company must register by opening an account in a bank in the business’s name. The incorporation certificate, articles of association (AOA), memo of association (MOA), and any other documentation the bank needs must be provided in order to achieve this. Before any business operations can start, the desired paid-up capital must also be deposited into the bank account. Furthermore, the only way to receive the certificate of commencement is to submit an INC-20A to the Ministry of Corporate Affairs (MCA).
Documents required for Private Company Registration in Delhi
For each Director and Shareholder:
- Recent Passport-sized Photograph
- PAN Card
- Aadhar Card
- Voter ID, Passport, or Driving License
- Recent Telephone/Electricity Bill/Bank Account Statement (dated within 2 months)
For Address Proof of the new company:
- Recent Telephone/Electricity Bill (dated within 2 months)
- Property Ownership Title or Sale Deed (for owned property)
- Rental Agreement (for rented property)
- No Objection Certificate (NOC) for rented property (can be generated by clicking the link)
Additional Requirements for Foreign Nationals:
- Passport
- Documents should be consularized, notarized or apostilled.
The initial registration fee for a Private Limited company in Delhi is Rs. 9663, which includes government charges. The permitted capital determines the stamp duty rates. A registration application cost of ₹1000 is charged for names. It costs ₹2000 for two directors to register for DSC. In addition, there is an additional fee of ₹100–200 for TAN/PAN applications.
Registering a Private Limited (Pvt Ltd) company in Delhi takes five to eight days. We complete the name application process on the day of the engagement. The DSC registration and collection of the KYC document are the first steps in another workstream for the Kanakkupillai team. The process is entirely paperless and highly efficient because it is carried out in a well-organized manner.
Conclusion
In summary, For companies looking for organizational flexibility and seed funds, registering as a Private Limited Company in Delhi has many benefits. Completing registration documents, acquiring required certifications, and submitting paperwork to the Ministry of Corporate Affairs are just a few of the phases in the process. Initial registration costs begin at Rs. 9663; also, additional fees for services that include applying for PANs and acquiring certificates of digital signature are included. Delhi’s entrepreneurs favor Private Limited Companies, despite the administrative process included, provide tax benefits, asset protection, and financial support.
