Private Limited Company Registration in Delhi: A Step-by-Step Guide

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What is a Private Limited Company?

A Private Limited Company is a type of business entity that limits the liability of its shareholders. It is governed by the Companies Act, 2013, and requires a minimum of two directors and two shareholders.

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Key Features of a Private Limited Company

• Limited Liability: Shareholders are liable only to the extent of their shareholding.


• Separate Legal Entity: The company is distinct from its owners.


• Ease of Raising Capital: Can raise funds through equity and debt.


• Perpetual Succession: The company continues to exist independently of changes in ownership.

Benefits of Registering a Private Limited Company

1. Limited Liability Protection: Personal assets are protected from business debts.


2. Credibility: Enhances business credibility and trust with customers and investors.


3. Tax Benefits: Eligible for various tax deductions and benefits.


4. Easy Transfer of Ownership: Shares can be easily transferred to new owners.

Steps for Private Limited Company Registration in Delhi

Step 1: Obtain a Digital Signature Certificate (DSC)

• Purpose: Required for signing electronic documents.


• How to Obtain: Apply through government-recognized certifying agencies.

Step 2: Obtain Director Identification Number (DIN)

• Purpose: Mandatory for all directors of the company.


• How to Apply: Fill out the DIR-3 form on the Ministry of Corporate Affairs (MCA) portal.

Step 3: Choose a Unique Company Name

• Name Guidelines: The name should be unique, not similar to existing companies, and include "Private Limited" or "Pvt Ltd".


• Name Approval: Check name availability on the MCA website and reserve it using the RUN (Reserve Unique Name) form.

Step 4: Draft the Memorandum and Articles of Association (MOA & AOA)

• Memorandum of Association (MOA): Defines the company's objectives and scope of business.


• Articles of Association (AOA): Contains rules governing the company’s internal management.

Step 5: File the Incorporation Application

• Use the SPICe+ form (Simplified Proforma for Incorporating Company Electronically) for registration.


• Required Documents:
  
  
  
  • MOA and AOA.
  
  
  • Proof of identity and address of directors and shareholders.
  
  
  • Address proof of the registered office.
  
  
  
  

Step 6: Pay the Registration Fees

• Fees vary based on the authorized capital of the company.


• Ensure payment is made through the MCA portal.

Step 7: Receive the Certificate of Incorporation

• Once the application is approved by the Registrar of Companies (ROC), you will receive a Certificate of Incorporation, officially registering your company.

Required Documents for Registration

1. Identity Proof: PAN card, copyright, or voter ID of directors and shareholders.


2. Address Proof: Utility bill, copyright, or rental agreement.


3. Photographs: Recent copyright-sized photographs of directors.


4. Registered Office Proof: Document evidencing the address of the registered office.


5. MOA and AOA: Drafted as per requirements.

Compliance and Post-Registration Requirements

After registering your Private Limited Company, ensure compliance with the following:

• Annual Compliance: File annual returns and financial statements with the ROC.


• Maintain Books of Accounts: Accurate accounting records must be maintained.


• Hold Annual General Meetings (AGMs): Mandatory for company governance.

Conclusion

Registering a Private Limited Company in Delhi is a strategic move for entrepreneurs looking to establish a credible business entity with limited liability. By following the steps outlined in this guide, you can efficiently navigate the registration process. If you have any questions or need further assistance, feel free to ask!

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