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Today in the era of growth and expansion Delhi is fastest growing states of India, key industries are e-commerce, Information Technology, Manpower, and security. Delhi is the state which is on the topmost list in terms of opportunities in doing various businesses. This is the best time to become an entrepreneur or become part of these growing industries by way of Business Registration in Delhi.
Let’s understand the basics and important factors on all above kind of Business registration in Delhi:
There are is many forms of business registration, out of which most popular is Proprietorship firm registration and it is also the simplest form of Business registration where the responsibility is only on one person for running the business. Proprietorship firm registration in Delhi is very cost effective and require fewer compliances. The documents required for this are identity and the address proof of the owner. It can be done either by getting MSME Registration or GST Registration within 3-5 working days.
Partnership firm registration in Delhi is a specific kind of relationship formed by an agreement between two or more individuals in which each partner has to invest to carry on a business. Partnership firm registration in Delhi is the most preferable structure because there is not much compliance or high cost involved. The only documents required for partnership firm registration are identity and address proof of the partners. These firms are governed by the Indian Partnership Act, 1932 and it takes around 7-8 working days.
LLP (Limited liability partnership) is a usual question among entrepreneurs as it is a new concept in India. Limited liability partnership (LLP) are those entities of two or more individuals that come together with the purpose of creating a legal partnership to provide good or services with the limitation of each person’s financial risk. Limited Liability Partnership Act, 2008 is applicable on all the LLPs incorporated under this act.
How Limited Liability Partnership registration in Delhi is different from Partnership firm registration in Delhi is also a common query of entrepreneurs. The main difference is about the liability of partners. In case of Limited Liability Partnership registration, the liability of each partner is limited to an agreed amount mention in the formation documentation whereas in partnership firm partners are liable for an unlimited amount of liability. This legal partnership is easy to create, and formation is accompanied by low costs. Limited Liability Partnership registration in Delhi requires less funding and compliances as compared to a private limited company.
The documents required for Limited Liability Partnership registration are the identity and address proof of all the partners and also the address proof of the place where the registered office will be situated. The whole process of Limited Liability Partnership registration in Delhi takes around 20-25 working days.
The compliances, once LLP registration in Delhi is completed, are filing of Annual Return of LLP in Form 11 and filing financial statements in Form 8. For any further query related to limited liability partnership registration in Delhi, you can contact our team of experts.
One Person Company registration in Delhi is a new concept if you want your own business registration in Delhi with no intervention of any third party then it’s the best way of company registration, the first and the foremost thing to understand before one person company registration in Delhi is that only a natural person who is an Indian citizen and resident in India can initiate one person company registration in Delhi or can become a nominee.
To initiate one person company registration in Delhi, the details such as company name, the objective of business activity, identity and address proof of the Director and the nominee, address proof of the registered office of the OPC are required.
After the one person company registration, post compliance has to complete such as Auditor appointment, Filing of annual return and financial statement with the ROC before the due date.
OPC can also be converted into a private limited company but not a company with charitable objects. Caonweb provides all solution of One Person Company registration and all compliance filing requirements.
Private limited company incorporation in Delhi is the most common structure of Business registration in Delhi. Unlike working as a sole trader or being in a partnership a private limited company is a legal entity in its own right but there is a requirement of minimum of two shareholders to form a Private Limited company. It is governed by the provisions of Companies Act, 2013.
The first and the most important step of Private limited company registration in Delhi is to decide a name and get the same from the authority. You can reserve the name before incorporation by filing Reserve Unique Name (RUN) Form. Once the name has approved the rest all formalities are to be filed within 20 days.
The documents required for Private limited company incorporation in Delhi are identity and address proof of the Directors, address proof of the registered office of the company, rent agreement in case the premises is rented, even the residential address can be the address of the registered office and the rest all documents are to be prepared by your consultant. The whole incorporation process takes around 15-20 working days.
There are some mandatory compliance requirements like the appointment of Auditor, the filing of financial statements and annual return with ROC while some are based on turnover like a tax audit. For any questions related to Private limited company incorporation and compliances, you can contact our expert team of professionals.
Limited liability as company owners are legally obliged to pay outstanding company debts only upto the value of the shares they hold.
Separate legal entity as the company is a separate legal entity can purchase its own property and can initiate its legal proceeding.
While Private limited company incorporation in Delhi and operating it can be a time-consuming task with lots of requirements but there are advantages to Private limited company incorporation in Delhi.
Protect your business name while incorporating a private limited company its name is protected and other businesses cannot use the name.
The first step of incorporating the company is to decide about the name of your company which will be applied to MCA for approval. Names given for approval should ideally be unique and related to business activities of the company. MCA
The next step for startup registration is to apply for digital signature and DPIN. A digital signature is an online signature used for signing the e-forms and DPIN refer to Director's identification number issued by Registrar.
Once the name is approved, Memorandum of association and Articles of Association needs to be prepared which includes the rules & by-laws of the company that regulates the operation of the business. Both MOA and AOA are filed with the MCA with the subscription statement for the authentication & approval.
Fill the application forms duly, attach the documents, get the same verified by professional then file the form to ROC then make the payment.
Once all the documentation is done & form is filed with the department, registrar issues the incorporation certificate. The certificate of incorporation mentions significant information about the company such as CIN number, the name of the company, date of incorporation, etc.
After the receipt of incorporation certificate, you can submit the copy of Incorporation certificate, MOA, AOA and PAN along with the account opening form of the bank to open your bank account.
The minimum requirement of directors for a one person company is one (1), additionally, there is a requirement of one member & nominee.
There are various types of business entities in India such as sole proprietorship, partnership firms, Co-operative Societies, Companies, etc. The choice of suitable business structure for any particular business depends on factors like ownership, availability of capital resources, the scale of business, etc.
The application has to be submitted online on the department portal in the prescribed format along with the applicable documents in accordance to company registration process. In case of any discrepancy or approval, you will get the email from the department.
The significant documents required for company registration are Pan Card & aadhar card of directors, passport size photos of directors, conveyance deed or rent agreement, utility bills etc. along with the prescribed documents which can be prepared with the help of professional.
Yes, there is no restriction on person resident outside India/ NRI or Foreign National for becoming a Director in a Private Limited Company but at least one Director in the Board must be an Indian Resident.
Yes, you can complete all the documentation of the company by yourself, but it is recommended to take help of professional as verification of the chartered accountant or company secretary is mandatory for certifying that all the required compliances have been made. The professional can also help you in post compliances of startup registration or online company incorporation in India.