Private Limited Company Registration Online In Delhi
- Limited liability protection for shareholders.
- Separate legal entity status.
- Greater credibility and trust among customers, suppliers, and investors.
- Ability to raise funds through equity financing.
- Flexibility in management and decision-making.
- Perpetual succession, ensuring continuity of existence.
- know more about Private Limited Company Registration Online In Delhi
Benefits of Private Limited Company Registration Online In Delhi
Separate Legal Entity: A Pvt Ltd company is recognized as a separate legal entity distinct from its owners. It can enter into contracts, own assets, incur debts, and sue or be sued in its own name, providing a clear separation between personal and business affairs.
Credibility and Prestige: Pvt Ltd company registration lends credibility and prestige to your business. It is perceived as a more reliable and trustworthy entity by customers, suppliers, investors, and lenders compared to unregistered businesses or sole proprietorships.
Ease of Fundraising: Pvt Ltd companies have various avenues for fundraising, including equity funding from investors, venture capitalists, and angel investors. The limited liability structure and the ability to issue shares make it an attractive option for investors looking to invest in businesses.
Perpetual Existence: A Pvt Ltd company enjoys perpetual succession, meaning its existence is not affected by changes in ownership or the death of its shareholders. The company continues to exist until it is legally dissolved, providing stability and continuity to its operations.
Tax Benefits: Pvt Ltd companies are eligible for various tax benefits and incentives offered by the government, including lower corporate tax rates and deductions on business expenses. Additionally, certain expenses incurred by the company may be tax-deductible, reducing its overall tax liability.
How to Register a Company?
Choose a Business Structure: Determine the most suitable legal structure for your company, such as a sole proprietorship, partnership, limited liability partnership (LLP), private limited company, or public limited company. Consider factors such as liability protection, taxation, ownership structure, and compliance requirements.
Select a Business Name: Choose a unique and distinguishable name for your company that complies with the naming guidelines specified by the relevant regulatory authority. Check the availability of the chosen name and ensure that it is not already registered or trademarked by another entity.
Draft and File Incorporation Documents: Prepare the necessary incorporation documents, including the memorandum of association (MOA) and articles of association (AOA) for the company. These documents outline the company’s objectives, rules, and regulations governing its operations, management, and relationships with shareholders.
Obtain Digital Signature Certificate (DSC): Obtain digital signature certificates for the proposed directors and subscribers of the company. A digital signature is required for signing electronic documents and filings during the registration process.
Apply for Director Identification Number (DIN): Obtain a Director Identification Number (DIN) for each proposed director of the company. DIN is a unique identification number assigned to individuals who wish to serve as directors of registered companies.
Steps For Private Limited Company Registration Online In Delhi
Choose the Type of Company: Decide on the type of company structure you want to register, such as a private limited company, public limited company, limited liability partnership (LLP), or one-person company (OPC). Consider factors like ownership, liability, and compliance requirements.
Obtain Digital Signature Certificate (DSC): The first step in the registration process is to obtain Digital Signature Certificates (DSC) for the proposed directors and subscribers of the company
Apply for Director Identification Number (DIN): Each proposed director of the company must apply for a Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA). DIN is a unique identification number required for individuals serving as directors of registered companies.
Name Approval: Choose a unique name for your company and submit an application for name approval to the Registrar of Companies (ROC). Ensure that the proposed name complies with the naming guidelines and is not similar to any existing company names or trademarks. You can check the availability of the name through the MCA portal.
Draft Memorandum and Articles of Association: Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) for your company. These documents define the company’s objectives, rules, and regulations governing its operations, management, and relationships with shareholders.
Types of Private Limited Company
Company Limited by Shares
In companies limited by shares, the liability of members is limited to the nominal share quantum stated in the Memorandum of Association. Shareholders can not be held liable for further than the capital invested in the company.
Company Limited by Guarantee
In a private limited company limited by guarantee, the liability of members is limited to the quantum of guarantee specified in the Memorandum of Association. thus, members of a Private Limited Company Limited by Guarantee aren’t liable for an quantum exceeding their guarantee stated in the Memorandum.
likewise, the members’ guarantee in a Company Limited by Guarantee can only be invoked in the event of the company’s winding up. The guarantee handed by the members can not be called upon while the company is operating typically.
Unlimited Companies
Unlimited companies are businesses with no limitations on the liability of their members. Each member is tête-à-tête liable for the company’s debts and arrears to the full extent. Accordingly, if an unlimited company is wound up, creditors have the right to recover the company’s debts and arrears from the shareholders. Despite not offering limited liability protection to shareholders, an unlimited company is still recognised as a separate legal reality. As a result, the members of an unlimited company can not be sued collectively.