To make the right choices for yourself, you must know the many alternatives available with business registration in Delhi and the benefits they bring. What is the process for registering an organisation in Delhi? In this article, we’ll review the essential information you need about writing a business in Delhi and why business owners are advised to do this option.

Different kinds of business structures

The following are the main kinds of business structures that are available for entrepreneurs to incorporate their businesses:

  • Private Limited Company is required to register at the MCA and the Registrar of Companies, Delhi.
  • LLPs- an updated version of a partnership firm that is required to be registered with the Registrar for LLPs.
  • A one-person company is similar to a limited liability private corporation; however, it only requires one person or shareholder.
  • A partnership firm needs an initial registration by the Registrar of Firms, Delhi.
  • A sole proprietorship is the most basic business structure, which does not have a specific registration process and only requires one person to establish.

Conditions to be eligible for startup registration online: 

  • A minimum of two directors and shareholders. But, both directors and shareholders can be the same person.
  • The director or director is an Indian resident. That is, they have to have resided there in India for a minimum of 182 consecutive days during the past year.
  • Every business needs to have an office address registered with the government from which they operate their business
  • The business directors require an electronic signature certificate for the online filing of applications and an identification number for directors to submit applications.
  • The business owners must write legal documents, such as the shareholder’s agreement, MoA, and AoA.

Documents needed for New Company Registration In India

  • ID and proof of address for shareholders and directors – PAN card, Aadhaar card, Passport, voter ID driving license are essentials for business registration in Delhi.
  • Director identification number for all directors.
  • Certificate of digital signature for all directories.
  • Statement of bank account.
  • The proof of address of the location of the business rental agreement and registration certificate for the property.
  • Owner’s NOC for rental properties
  • Directors’ passport-size photos are a very important requirement for business registration in Delhi.

The procedure to register a company in Delhi

Let’s look at the process of registering an organisation in Delhi.

Step 1

First, entrepreneurs should ensure that they meet the qualifications to form an individual business entity. The best choice is to consult with an expert on incorporating companies like Vakilsearch for advice on the best business structure to incorporate.

Step 2

After they have confirmed that they meet the necessary criteria, Entrepreneurs can search for the required legal documents.

Step 3.

In the next step for new company registration in India, directors and founding members must apply for an electronic signature certificate and an identification number for directors via the MCA’s online portal.

Step 4

Furthermore, business owners need to apply to secure the company’s name. They can submit up to six choices on this application. 

Step 5

After that, the business owners need to consult with a lawyer to draft the company’s legal documents, which include a memorandum of association and the article of association.

Step 6

The entrepreneurs are now ready to register for incorporation with the RoC by filing the required forms, including Form INC-7 Inc-22, DIR-12, and INC-7. These steps play a very important role in new company registration in India.

Step 7

When they have applied, entrepreneurs need to be able to pay RoC the processing and stamp duty. The regional RoC Office in Delhi will review and verify the information, and if it is satisfied, the RoC will issue the certificate of incorporation to the company.

The Registry of Companies will take around 5-6 days to review all papers and provide the necessary certificate. After companies have received the certification of incorporation, they may apply for the company’s PAN card and the TAN to be used for tax reasons. Additionally, the other registrations are contingent upon the company. However, most companies are required to be registered for GST.

Why choose to have a company registration in New Delhi?

  • You can have a distinct legal existence and identify
  • The perpetual succession option ensures that external events do not affect the operation of the business
  • Furthermore, benefit from the advantages of a limited liability, which helps directors and shareholders protect their assets
  • Companies are offered the opportunity to lease or buy their property
  • Business owners can change ownership of their business from one owner to another at will.

What is the best way to help?

As you can see, business registration in Delhi is lengthy and complex. This is why getting help and advice is essential to complete the process in the shortest time possible. Additionally, our team of experts is in a position to assist you through the entire process and will assure you of receiving the certificate of incorporation as soon as possible. Legalpillers

offers services that help you to remain on track at all times and help to finish your taxes on time.