Private Limited Company Registration in Delhi
Pvt Ltd Company Registration in India
A Private Limited Company is the popular way to start a Business in India. It is a Separate Legal Entity that does not publicly trade its shares in the stock exchange and the liability of each member is restricted up to the amount invested in the company. At least 2 members are required to register a Private Limited Company in India. It is limited to have maximum of 200 shareholders. A Private Limited Company in Delhi is managed and registered by the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. It is important to note that all the private companies have to use the word private limited after their name.
Why Small Business should register a Private Limited Company?
Small businesses should register a Private Limited Company as it is the most prominent and acceptable form of business amidst Small, Medium and Large business in India. Generally small businesses require funds and investments for their growth and expansion. Raising funds in the form of debt or equity is comparatively effortless and trouble free for a Private Limited Company as it enjoys high credibility in the eyes of the Financial Institutions, Suppliers, potential clients and general public worldwide.
Moreover, many small businesses have misconception that massive investment is required to Register a Private Limited Company in Delhi, India and to undertake legal compliances related thereto. However, the truth is Private Limited Company Registration and its legal compliances can be completed at very affordable charges.
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MOA & AOA ()
Government Fees & Stamp Duty ()
Incorporation Certificate ()
PAN & TAN ()
Opening of Bank Account ()
GST Registration ()
EPFO Registration ()
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MSME REGISTRATION ()
Logo Designing ()
Trademark Registration () (Excluding Government Fee)
Domain Name Registration & Web Hosting for one Year ()
Website Designing ()
Experts Assistance ()
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Name Search & Approval ()
2 DSC ()
3 DIN ()
MOA & AOA ()
Government Fees & Stamp Duty ()
Incorporation Certificate ()
PAN & TAN ()
Opening of Bank Account ()
GST Registration ()
EPFO Registration ()
ESIC Registration ()
MSME REGISTRATION ()
Logo Designing ()
Trademark Registration () (Excluding Government Fee)
Domain Name Registration & Web Hosting for one Year ()
Website Designing ()
Experts Assistance ()
How to Register a Private Limited Company
Eligibility Criteria for Private Limited Company Registration in India
1. Members/Shareholders – Minimum 2 & Maximum 200
- Shareholders/ Members of the Private Limited Company are those persons who own the shares of the company and thus known as owners of the company.
- At least 2 persons are required to register Private Limited Company in Delhi and maximum 200 persons can become the shareholders/members of the company.
- Person includes individual (above 18 years) or Company or any other legal entity whether Indian or foreign.
2. Directors – Minimum 2 & Maximum 15
- Every Business registration in India must have Board of Directors having minimum 2 Directors and maximum 15 Directors. Its role is to manage affairs of the company and to obey the legal compliances under various laws governing companies.
- Unlike members, only an individual who is above 18 years of age, having sound mind and not disqualified by law to become a director can become the director. Moreover, one person can become the director in maximum 20 private companies or 10 in case of public companies at a given time.
- Atleast one of the Directors shall be a citizen and resident of India and remaining directors can be resident or national of any other country. Directors can also be the shareholders/members of the company. Moreover, a Director can easily be removed without his consent.
3. Name of the Company
- Private Limited Company’s Name have 3 main components that are Main Name (e.g. ABC) Activity it shall carry out after incorporation (e.g. Business Consultants)
- Suffix – either “Private Limited or Limited” (e.g. ABC BUSINESS CONSULTANTS PRIVATE LIMITED)
- The name shall be unique that is it shall not resemble with any other registered company’s or LLP’s name or with any registered Trademark.
4. Registered Office Address
- It is the main office address of the company whereby all communication either mail or legal notice with respect to the company is sent by all the government departments.
- The Company registration in Delhi, India is required to propose this address at the time of company’s incorporation and to maintain all the prescribed documents post incorporation.
- Residential address can also be used as Registered Office Address of the Company.
5. Capital of the Company
- A Pvt Ltd Company registration has to declare 2 types of capital that are Authorized Share Capital and Paid-up Share Capital, at the time of incorporation.
- Authorized Share Capital is the maximum capital up-to which shares can be issued and it can be increased at any time in future to meet the capital requirements of the company. The company must declare minimum Rs. 1 Lakh as Authorized Capital at the time of incorporation.
- Paid-up Share Capital is the actual of amount of capital for which shares has been issued during incorporation and the members are required to introduce this much amount in the company just after the incorporation. Unlike Authorized Capital,there is no minimum limit of paid up share capital.
Documents Required for Private Limited Company Registration
1. From Indian Shareholder / Director
- PASSPORT SIZE PHOTO
- PAN CARD
- AADHAAR CARD
- IDENTITY PROOF–DL / PASSPORT / VOTER-ID CARD
- ADDRESS PROOF
- BANK PASSBOOK (FRONT PAGE+TRANSACTIONS PAGE)–Not older than 2 months OR Bank Statement – Not older than 2 months
Important Note :
- The name, address and other particulars of all documents must match in every document. In case of discrepancy, firstly correct the documents otherwise the ROC might send resubmission or directly reject the application.
- In case of NRI or Foreign National, documents of director (s) must be notarized or Apostilled.
2. For Proposed Company
- Registered Office Address Proof
- Owned Office – Latest Electricity Bill and No Objection Certificate
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- Rented Office – Rent Agreement + Latest Electricity Bill + No Objection Certificate (NOC)
3. Other Information Required For Proposed Directors / Shareholders / Company
- Email ID
- Phone Number
- Nationality
- Education Qualification
- Father’s Name
- Occupation
- Signature Specimen on Blank Paper of the proposed Authorized Signatory
Key Benefits of Private Limited Company
1. Separate Legal Entity
Private Company registration in Delhi, India is a juristic person and has its own existence and identity separate from that of its members and/or directors.
2. Limited Liability
The liability of all shareholders is limited to the extent of shares held by them and thus their personal assets shall not be liable to pay off the company’s debts or liabilities.
3. Easy External Funding
A pvt ltd company registration enjoys the easy borrowing of funds amongst all types of business structures. The company can also issue debentures to raise funds. A private limited company can also easily borrow funds from Banking and Financial Institutions as it isconsidered as the trusted business structure.
4. Perpetual Existence
A Business registration in Delhi enjoys the “perpetual succession”. It means that company continues to exist even upon the death or departure of any member/shareholder and even in case of changes in membership unless it is legally wound up.
5. Easy & Free Transferability of Shares
The shareholders of the company can easily transfer their any or all share or shares to any person at any time by following a prescribed method of shares transfer.
6. Capacity to own Property
A private limited company can own, acquire, enjoy or alienate a property in its own name. Meaningly, the company is the absolute owner of its assets and thus no member can claim upon any of assets of company.
7. Capacity to sue and be sued
As the company is a separate legal entity and thus company institute any legal proceedings against any person including its director or members in its own name and likewise the company can also be sued in its own name.
8. Global Acceptance
A Private Limited Company is the globally accepted business structure.
Registration Process for Private Limited Company Registration
1. Choose the name of Proposed Company
Two names can be proposed at once in a preferential order.
2. Arrangements of Documents
To check that all the documents are correct and can be used for company’s incorporation.
3. Obtain Digital Signature Certificate
The Private limited company registration process in India is online and all the incorporation forms are electronic. Thus, all the forms are required to be digitally signed through Digital Signature by all the shareholders and Directors.
4. Apply for Reservation of Name
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- Main Object of the Company is required to be submitted along with the name application.
- It is to reserve the name of company so that no other entity can use the same name.
5. File Form SPICe+ and other linked Forms
To fill and file the company incorporation form that is SPICe+ along with its linked forms that are AGILE Pro +, SPICe MoA, SPICe AoA and INC-9.
6. Get Incorporation Certificate
The ROC upon satisfaction of particulars and requirements of Incorporation forms shall send the Certificate of Incorporation through e-mail.
7. File INC-20A
Once the company is incorporated, the next step is to open the bank account in company’s name and then to file the INC-20A Form within 6 months from the date of incorporation.
8. Get Certificate of Commencement of Business
The ROC upon satisfaction of particulars and requirements of Form INC-20A shall send the Certificate of Commencement of Business through e-mail.
This whole private limited company registration process will take approximately 10-12 days after we will receive all the required documents. This period may vary subject to approval given by Ministry of Corporate Affairs.
FAQs About Pvt Ltd Company Registration in Delhi, India
What is Private Limited Company?
Private Limited Company is a popular way to start a business in India. It is the type of company which does not openly issue its shares to the general public and the liability of each member is restricted up to the amount invested in the company.
What are the Benefits of Private Limited Company?
A pvt ltd company registration is the most common medium to carry on business for any organization which intends to make a profit and avail the benefits of an Incorporated entity, especially limited liability. Other than, minimum statutory compliances, Private Company registration offers the following benefits-
- Limited Liability
- Works as Corporate Body
- Business Name Protection
- Separate Legal Existence
- No transfer of ownership
- Continuous Existence
- Global Acceptance
What are the Mandatory Documents required for Registration of Private Limited Company?
The Registrar of Companies (ROC) is very specific regarding the submission of documents during the private limited company registration process in India. If there is any difference in the Name, Address etc, then there are chances that the application submitted to the ROC may get rejected or requires re-submission of the documents which may delay the process of Incorporation for few more days. Even a small mistake in submitting the documents is not accepted. As for Incorporating Private Limited company, many documents are required to be submitted to ROC. Here is the list of documents required for incorporation of private limited company in India.
- Identity Proof of the Proposed Directors.
- Address proof of the Proposed Directors.
- Photographs in Passport size
- Latest Bank Statement
- Registered office address proof
- Consent of Proposed Director in Form DIR-2
- Digital Signature Certificate
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Is there any minimum paid-up capital required for Private Limited Company Registration?
No, there is no minimum paid-up capital required for the registration of Private Limited Company registration in Delhi and in India. However, there must be a minimum authorized capital of Rs. 1 Lakh for Private Limited Company Registration.
Whether the member/director needs to be physically present during the process of Private Limited Company Registration?
No, the member/director needs not to be physically present during the process of Private Limited Company Registration. As the whole process of Private Limited Company registration is online and the documents are also required to be signed digitally with DSC.
Whether a foreign national become a shareholder and/or director of Private Limited Company in India?
Yes, a foreign national is allowed to become a shareholder and/or directorof a Private Limited Company in India. Moreover, foreign national does not required to be physically present in India to register the company as the entire process of Private Limited Company is online. If you are looking for Pvt Ltd Company Registration in Delhi contact Your Trustworthy Advisors Manthan Experts.
Whether the registered office of the company be situated at a place outside India?
No, it is mandatory for every private limited company getting registered in India to have registered office at any place within India. This rule is same even when the company has foreign national or foreign company as shareholders. Now, the process of company formation in Delhi, India has been simplified.
What is the process of Private Limited Company Registration in India?
For Pvt Ltd Company registration, the Ministry of Corporate Affairs (MCA) mandates the procedure of Incorporation by filing all the requisite forms which are available on their platform i.e. www.mca.gov.in, which ensures easy and smooth process. Nowadays the Government of India is promoting the Business in India along with the campaign of “Make in India”. For Incorporation of private limited company follow the steps as mentioned below to start the business easily-
- Select the name of the proposed company
- Obtain Digital Signature Certificate
- Name Reservation
- File SPICe+ Form
- Get Certificate of Incorporation
What is Form SPICe +?
Private Limited Company Registration has now been simplified and become more time-effective and cost-efficient. Earlier so many forms were required to file to register a private limited company in India, but now only one form is to be filled under new simplified scheme i.e. SPICe+ which stands for Simplified Proforma for Incorporating a Company Electronically Plus. This form provides the facility of PAN, TAN and other mandatory registrations along with the Company registration certificate.
