Company Registration in Delhi

 

Introduction

The very first thing which came to our mind when we count the word Delhi is a Glamorous city full of lights and fun. Delhi is the first metropolitan city who has provided shelter to a large number of people came from various states. Delhi is also known as the heart of India, which therefore emanates as the most alluring destination for many startup companies and professional business and employment opportunity prospect.

The Company registration procedure in Delhi is as same as for the rest of the country, however; there are many advantages of operating a company in Delhi as compared to rest of the country.

Hence, before we discuss the company registration procedure for Delhi, let us first discuss the key highlights and advantages of company registration in Delhi over rest of the country.

Key Highlights for Company registration in Delhi

Here are the following key highlights for company registration in Delhi:

• Total Cost: It will cost you around Rs.9,000/- for company registration in Delhi. The cost has been reduced due to a waiver of government fees (commonly known as free Company registration) of Rs.3,000/-  for company registration.
   

• Total time: Total time for Company registration in Delhi will be from 5 to 10 days depending on your response to documents submission.
   

Advantages of Company registration in Delhi

Starting a company in Delhi is a pride thing since it is the capital of the country and hence, recognized worldwide. Further, there are various other advantages of registering a company in Delhi which will help you run a business smoothly.

Here are various advantages of registering a company in Delhi:

• Continuous electricity: Having an office in Delhi will help you to have a continuous flow of electricity. This is one of a most important advantage since regular electricity cuts always hamper the smooth running of the business.
   

• Availability of Good human resource: Finding an easy human resource in Delhi is also another important factor since it is the people who run the company.
   
• Easy licensing/approvals: Most of the process in Delhi is online and hence, it is easy to take a license for anything. Further, an approval comes faster in Delhi due to high transparency in the department.
   
• Less corruption: Since all the higher authorities sit in Delhi and hence, corruption is less as compared to other states like Uttar Pradesh etc.
  
  Read: Corruption has decreased by 70% in Delhi
   

• International recognition: If you are into international business, then you will understand the importance of international recognition. Since, Delhi is the capital of India and hence, having international recognition will help to get more business.

We have only discussed few advantages of doing business in India however, there are plenty of advantages to being here in Delhi. Let us now discuss the company registration procedure.

Company Registration in Delhi – Type & Process

Being the core heart of the largest business empires as mentioned above, Delhi has boundless small business opportunities for those who want to be their bosses.  

However, people are often confused with the question of how to start. Don’t worry; we have the answer for you. To start the business in India, you must decide the type of Company registration. Further, sometimes, it is even not necessary to register a company. For details, you may refer

Read 5 reasons why Company Registration is not a good idea!

However, once you have decided the form of business, then you can proceed with the registration.

Registration process

Nowadays, the entire process of registration has become online and registering a private company in Delhi is very easy. Let’s come up with steps for registration of companies in Delhi.

• Arrange document: The first step in Company registration procedure is to arrange all the required documents for company registration. Here is the list of documents you will be required for Company registration in Delhi:
  • PAN Card
  • ID Proof  (Aadhar card, DL, Passport, Voter ID – Anyone)
  • Address Proof (Bank Statement, Elect bill, mobile bill – Anyone)
  • Photo

For the in Delhi, you will need the following documents:

• Rent Agreement in Delhi/Ownership proof of office
• Electricity bill
• NOC
   

• Apply for Digital Signatures: Digital Signature Certificate (commonly known as ‘DSC’) an electronic signature which will be used for filing government forms online. You can apply for the same through agents. It will take 1 to 2 days and may cost you around Rs.600 to 1000/-.
   

• Company Name approval: After obtaining DSC and DIN, the next step is to file an application in the prescribe form i.e. RUN forms by accessing the MCA portal online. The ROC will check and verify the given names are not copied and similar and after that will approve the name. Make sure you do the company name search and trademark search properly.
  
  Read: Validity of Company Name

 

• File for incorporation: The final and the most important step is to file the incorporation form to get the MCA registration. All the documents are created at this stage like MOA, AOA, and DIN etc. Hence, you should make sure that you file the company incorporation properly to avoid rejection. Here are few things to keep in mind at this stage:

• MOA & AOA: The applicant should prepare MOA i.e. Memorandum of Association and AOA i.e. Article of Association when going for registration of the company. MOA signifies the proposed objectives of the company and AOA recognizes the bye-laws of the company.
   
• Authorised Capital: Authorise capital is the upper limit of the capital that you can invest in the company. Higher the authorized capital, higher the cost of registration will be.
   
• PAN and TAN – PAN i.e. Permanent Account Number and TAN i.e. Tax deduction and Collection Account Number are required for business backbone. However, you don’t have to apply for it separately. It is applied at the time of incorporation of the company.
   

• Company Registered: If all the documents are found to be ok, then the ROC will issue you the registration certificate online.

 

Free of Cost Company Registration

The government of India has advertised that the company registration has been made free of cost, i.e. with zero registration fees. However, it is a half truth. The Company registration final form submission fees has been waived off which will benefit you for Rs.3000 to 3,500/-.

Read: Company registration at zero Cost

 

Conclusion

We hope the above-discussed article is helpful to you regarding company registration in Delhi. For more clarity feel free to email us at info@hubco.in.