In the financial year 2022, the Department of Industry and Internal Trade (DPIIT) officially recognized 14,000 startups in India, which have played a significant role in the country’s GDP growth.
In 2021 alone, approximately 44 Indian startups achieved unicorn status, reflecting their substantial growth and success. Interestingly, Delhi, surpassing prominent startup hubs like Bangalore and Mumbai, has been at the forefront in terms of recognizing the highest number of startups in previous years.
If you are interested in business registration in Delhi, it is essential to understand the process, eligibility criteria, and the assistance we can provide.
Different Types of Company Registration in Delhi
To ensure compliance with the Companies Act 2013, every company operating in India must undergo registration. The various types of company registration available in Delhi are as follows:
- One-Person Company (OPC)
- Limited Liability Partnership
- Private Limited Company
- Public Limited Company
Benefits of Registering a Business in Delhi
There are numerous advantages to registering a company in Delhi. Some of the key benefits include:
- Legal Recognition: Registering your company ensures legal recognition, credibility, and protection of your business.
- Limited Liability: Certain types of registrations provide limited liability protection to the owners, safeguarding personal assets.
- Access to Funding: A registered company gains access to various funding options such as bank loans, venture capital, and angel investments.
- Growth Opportunities: Registration opens opportunities for expansion, collaboration, and government schemes promoting business growth.
Requirements for Online Company Registration in Delhi
Before registering a company in Delhi, entrepreneurs need to meet specific eligibility criteria. These include:
- Unique Name: The company’s name should be distinct and should not resemble any existing name.
- Minimum Number of Directors: One director for a Person Company (OPC), two for a private company, and three for a public company.
- Directorship Eligibility: Foreign nationals can be directors, but at least one director must be an Indian citizen.
- Director Identification Number (DIN): All directors must possess a valid DIN.
- Minimum Members: One member for an OPC, two members for a private company, and seven members for a public company.
- Digital Signature Certificate (DSC): All directors must have a DSC.
- Registered Office Address: A valid registered office address is required.
- Memorandum of Association (MOA) and Article of Association (AOA): Prepare the MOA and AOA documents.
Documents Required for Company Registration in Delhi
The following documents are necessary for company registration in Delhi:
- Pan Card of all directors
- Adhar card of all directors
- Photo of all directors
- Email id of all directors
- Mobile no. of all directors
- Latest bank statement of all directors
- Brief about business
- Proposed Name of company
- Proof of principal place of business
The Process of Registering a Company in Delhi
Registering a company in Delhi involves several steps and typically takes around 7-14 days to complete.
Here is an overview of the procedure:
- Ensure that you meet all the eligibility requirements based on the nature of your business.
- All founders and directors need to apply for a Digital Signature Certificate (DSC), while directors must also apply for an identification number using the MCA online portal.
- Reserve a name for your company on the MCA website by submitting Part-A of the SPICe+ form.
- Complete Part B of the SPICe+ form by providing the necessary company details.
- Open a bank account and register for the GSTIN number, EPFO, ESIC, or professional tax.
- Upload all the required documents.
- Submit the filled SPICe+ form on the MCA website and attach the digital signature certificate.
- Include a declaration from a professional such as a CA, CS, Cost Accountant, or Advocate.
- Pay the registration fees for Delhi stamp duty on the MCA platform to generate challans.
- The Registrar of Companies (ROC) will receive the application once all the documents have been checked and deemed appropriate.
The ROC will register your company in Delhi and issue the following certificates:
- Company Incorporation Certificate
- Company PAN number
- Company TAN number
How Can CA Near By Me Assist You?
As you can see, the process and eligibility criteria for company registration in Delhi can be lengthy and time-consuming if done on your own. At CA Near By Me, we can help expedite the process for you.
Our team will guide you through the entire process, ensuring that your company is registered smoothly without encountering any issues with the authorities. If you have any queries or concerns regarding the registration, feel free to reach out to us. We are here to assist you in every possible way.
