Private Limited Company Registration in Delhi NCR – New Delhi is the national capital of India and is the most recommended ideal city to begin the entrepreneurial journey. With just the appropriate mix of cultural agency and modernization, this city has an opportunity for everyone. And for this reason- from the veterans to novice all prefer to work in Delhi. And this blog will help you to understand and know more about better management related to Company Registration in Delhi.
We will try to help you to answer all your doubts on how to do Private Limited Company Registration in Delhi. We will go beyond explaining the procedure in the simplest way possible so that one can quickly get started!
The very first thing that you need to choose is the type of company structure that you want to incorporate into your entity. It will benefit the laws that you need to follow, the policies that you can set, your way of doing business, and the compliances that one should adhere to professionally as well. The options you can go with are as follow:
- Private Limited Company Registration (PLC)
This one has two or more people who can start a PLC with at least 2 directors and 2 shareholders. Here, directors can be the shareholders. If that’s not the case, then the Directors are full-responsible for all day-to-day managerial activities and the important decisions are made by the shareholders.
- One Person Company (OPC)
You see that it is a form of PVT LTD Company Incorporation but with only one person as the director who is fully responsible to carry out and manage the business activities.
- Sole Proprietorship
If as an entity you wish to have this Proprietorship structure is for those who want to work only for their business without any interference from anyone else.
- Limited Liability Partnership (LLP)
In this type of Company Formation in Delhi(India) when it comes to LLP then you need to understand that it is a blend of both PLC and Partnership structures. Two designated partners are required for this structure. The partners enjoy separate legal entities in an LLP.
When it comes to the partnership then two or more partners come together to be responsible for all the key decisions related to the business without having a separate legal entity of a company.
To have a hassle business, one needs to have a practicing professional register your company in Delhi. When you know the process then you will be able to make most of your ENTITY.
ELIGIBILITY CRITERIA FOR THE SAME
- 2 shareholders – they can be a person or a corporate entity too.
- 2 directors- of which one must be Indian, who has stayed in India for 12 months long, the minimum
- Registered Office address of the Company must be of India
When you do Private Limited Company Registration in Delhi
A ‘company’ is a very popular option to start a business in India by startups and businesses with higher growth aspirations. Private Limited Company is incorporated under the Companies Act of 2013, and well-governed by the MCA(Ministry of Corporate Affairs). It is a defined registered corporate structure that provides to the business a different ‘legal identity from its owners. So, hence the key advantages are the ability to contract in its own name and also safeguarding personal assets of the owners from the business liabilities. It also helps to have a remarkable identification in the market for the long run. ‘PVT LTD Company’ tag tells to the customers that ‘you can rely upon our product/services as we are legally certified’.
What do you understand by Private Limited Company?
A Private Limited Company Registration is a company held for small businesses. This type of business limits the owner’s liability to their shareholdings, the number of shareholders to 200, and restricts shareholders from publicly trading shares.
Which is better from Private Limited Company Vs LLP
PVT LTD Company and LLP are both limited liability structures. However, companies often offer certain key advantages, majorly for startups. The ownership of the designated company is reflected by the share capital, which is very easy to transfer to ownership transfer in the LLP. Also, it clearly differentiates management and ownership of the company. For this very reason, it is preferred by the VCs (Vice-Chancellors) and as well as banks for providing debt. According, to the experts of CA firm – Alonika in Delhi, one should also consider higher compliances and mandatory audit requirements, making it an expensive structure to comprehend.
Some of the advantages of Private Limited Company Registration in Delhi (India) are as follows:
#SEPERTAE LEGAL EXISTENCE
Once the Company Registration in Delhi is done, a legal entity comes into the existence for the law body in India. This helps to separate itself from its owners and managers. With this, the company can operate on its own name simply by opening a bank account to own assets and enter into the contract with the parties.
PVT LTD Company Registration process is stringent enough to make this structure credible among all others which makes borrowing or fundraising from external sources much easier. Also, the organization itself provides a number of ways to raise funds in the form of private equity, ESOP, and many more.
#MANAGEMENT AND OWNERSHIP SEPARATION
Separate ownership and management help both the company and the management to focus on their potential works. Shareholders are entitled to operate and run the entity without losing control in the form of voting.
Important Documents Required to Register a PVT LTD Company Incorporation in Delhi :
- Identity Proof
Adhar card and Voter ID/ Passport/ Driving License of Shareholders and even of Directors
- Pan Card
PAN Card of Shareholders and Directors. If, you are a foreign national then must carry a valid passport
- Directo’s Address Proof
Latest Electricity Bill/ Telephone Bil / Bank Account Statement of Shareholders and Directors
- Business Address Proof
Latest Electricity Bill / Telephone Bil of the registered office address.
Latest Passport size photograph of Shareholders and Directors
- NOC form
No Objection Certificate to be obtained from the owner(s) of the registered office
- Rent Agreement
Proper Rent Agreement of the registered office shall be provided if any.
IMPORTANT THING TO REMEMBER
Companies are well-registered under the Registrar of Companies (ROC) of both Delhi and Haryana. One needs to practice professionally to carry out the registration process on your behalf. Here, your role would be to provide accurate information and required all the necessary dossiers to them on a timely basis to complete the process smoothly.
DIFFERENT TYPES OF COMPANY REGISTRATION
There are other forms of company registration are as follows :
- Partnership Firm Registration
- Limited Liability Partnership (LLP) Registration
- Proprietorship Firm Registration
- One Person Company (OPC) Registration
TIME DURATION TO FOR A COMPANY REGISTRATION IN DELHI
The whole process includes approval of DIN, Name, and Incorporation takes around 7-10 workings days. So, as compared to the old days registering a Company has become a quick process as all documents are dragged in a single application form with the MCA (Ministry of Corporate Affairs). It is a big step towards eGovernance and for that business who all are looking for an expansion of operations.