Accounting Software
+
PAN + TAN Registration
A private Company registration is one of the most popular business registrations among the small, medium, and large enterprises in India. Start-ups and businesses with higher growth aspiration popularly choose Private Company registration as a suitable business structure. A private Company Registration is a company which as a minimum 2 and maximum 50 members present. A private Company Registration must have minimum paid-up capital of Re. 1 or such higher amount as may be prescribed from time to time and has restricted the right of a member to transfer its shares. A private Company Registration doesn’t invite the public to subscribe its share capital. It is mandatory to use the word “Private Limited" or Pvt Ltd at the of the name of the Private Limited company registration. This form of company has many benefits such as no interference of public or government, no requirement for the issue of the prospectus, separate legal existence from its members, can enter into a contract in its own name. Also, a Private Company (Pvt Ltd) registration is eligible to take benefit of registration under the Startup India Scheme of the Government of India. This scheme avails multiple benefits including tax exemptions for the recognized startups. During the initial discussion, the team will guide whether to do company or LLP registration in Delhi
In recent years, there has been a notable surge in company registrations in India and Delhi being a consumption market and population close to 3 Cr. or 30 million has signifcant contribution towards economy contribution of India.
Delhi makes up 4.94% of the country's total GDP which has 6th rank in India. In 2001, the manufacturing sector employed 1,440,000 workers, and the city hosted 129,000 industrial units. Significant contributors to the city's economy include key service industries like information technology, telecommunications, hotels, banking, media, and tourism. Additionally, construction, power, health, community services, and real estate play vital roles in shaping the economic landscape of the city. The Delhi start-ups from Connaught Place to Hauz Khas, focuses on sectors like climate, sustainability, AI/ML, and deep tech. Delhi start-ups anticipates active participation from startups in AI/ML, health, computer vision, and EV sectors.
The Delhi Startup Policy, aiming to make Delhi a global innovation hub by 2030, offers collateral-free loans, expert guidance, and support for college students. The policy, finalized by the Delhi government's Industries Department, targets the encouragement and support of 15,000 startups by 2030. The upcoming Delhi Bazaar Portal is set to be a digital platform connecting startups with customers nationwide and globally.
Delhi is the largest commercial center in northern India. Delhi contributes to 5% of company contribution of the entire India whereas it is less than 0.05% of total land mass. For the financial year 2022-23, there were ~8000 companies which were set-up in Delhi with an authorized capital of ₹700 crore or ₹7 billion, signifying the maximum capital a company can raise. Conversely, the paid-up capital, representing the actual initial capital investment, amounted to ₹300 crore or ₹3 billion. This translates into an average authorized capital of ₹10 lakhs or ₹1 million and an average paid-up capital of ₹4 lakhs or ₹0.4 million.
| PostOffice | Region | PinCode |
|---|---|---|
| Anand Vihar | Delhi East | 110092 |
| Mohan Garden | New Delhi West | 110059 |
| Anand Vihar | Delhi East | 110092 |
| Avantika | Delhi North | 110085 |
| Abul Fazal Enclave | New Delhi South | 110025 |
| Anandvas Shakurpur | Delhi North | 110034 |
| Alaknanda | New Delhi South | 110019 |
| Distt. Court Complex, Saket | New Delhi South | 110017 |
| Ashok Nagar | New Delhi West | 110018 |
Delhi has maximum contribution towards company registration in South Delhi followed by South West Delhi. The Anand Vihar, Mohan Garden, Avantika, Abul Fazal Enclave, Anandvas Shakurpur and Alaknanda are key areas which contributes signifcant key company registrations in Delhi. Sohna road which is starting point of new Delhi-Mumbai expressway and upgraded by new infrastructure has seen spike in company registration recently.
The greatest benefit of private limited company registration is that it is treated as a single entity in which the company is responsible for all the debt payments. The company is liable for any shortcomings, its members are not personally affected, they are only responsible for unpaid shares. A private limited (Pvt Ltd) company registration has separate legal entity from its owners which safeguard the owner from being sued in case of any legal controversy.
By registering a Private Limited Company, there are many ways in which you can have extra monetary benefits by saving tax. There are some tax planning tips that every Private Limited Company registration considers to fill its pockets a little high. Salary to the director is an allowable expense for the Pvt Ltd Company registration. All preliminary expenses like drafting of MOA and AOA, stamp duty printing of documents, etc. are also allowed as expenses. Private Ltd Companies are taxed at a rate of 22% with a surcharge of 10% and cess of 4% making the effective tax rate as 25.17% which is lower than LLP registration which is taxed at 30%.
Registering a Private Limited (Pvt Ltd) company gives a brand image to business compared to running a business as a sole proprietor. Generally, large business firms prefer to deal with companies instead of sole proprietor firms. There might be a requirement of tender or job work, which can be applied only by the company.
A private limited (Pvt Ltd) company registration enjoys a better option for borrowing funds. It can issue debentures secured as well as unsecured. Banks and other financial institutions also prefer giving financial assistance to large private firms.
✔ Minimum 2 Shareholder
✔ Minimum 2 Director
✔ One of the directors must be an Indian resident
✔ Minimum Authorised Share Capital to be Re.1
✔Digital signature Certificate for 2 Promoters
✔The Director and shareholder can be the same person
✔Director Identification Number (DIN) for all directors
✔ DSC (Digital Signature Certificate) for director and shareholder
Name of private limited company registration is a crucial step for new company registration. Two proposed names in order of preference, objective/purpose of business activity along with statutory fees are submitted to MCA. The proposed name should be unique and shouldn’t have punctuation marks. In case MCA has any observation, then the word comes for resubmission, which delays the whole process. Once the name is approved, it is valid for 20 days (including weekends or other holidays), and all other formalities must be completed within this period.
Digital Signature is an online signature used for filing documents online. Digital Signature Certificate (DSC) is required for all shareholders and directors for private limited company registration. It can be applied in parallel with applying for name approval as there is no DSC requirement in the name application. If the director or shareholder of the private limited company registration already has DSC, this step can be skipped.
After getting DSC and name approval, the next step is to file forms- Spice + Part, Agile Pro, Spice MOA, Spice AOA, and INC 22 forms with MCA. These forms consist of information regarding private limited company registration such as registered office, authorized, paid-up capital, shareholding pattern, directors, shareholders details such as an address, education qualification, etc. Some of this information is required to be supported required proof like rent/title deed of registered office, PAN card, etc.
After submitting all the documents and getting verified by the Registrar of Companies (ROC), you will receive a Certificate of Incorporation within 7-12 days. This certificate of incorporation will act as a birth certificate for your company registration, and the company registration process ends here. The certificate of incorporation will consist of name, registered address, 21 digits alpha-numeric number Corporate Identity Number (CIN) approved by MCA, and notified on the registered companies.
After getting the Incorporation certificate for private limited company registration, a bank account needs to be opened in the name of your company. One needs to submit an incorporation certificate, MOA, AOA, and other necessary documents required by the bank. Before the commencement of business, proposed paid-up capital must be deposited with the bank, and INC-20A needs to be filled with MCA to get the certificate of commencement.
* Self-attested in PDF format
The charges or costing for Private Limited company registration in Delhi, inclusive of government fees, commences from Rs. 6499/- only. The government stamp duty charges for the registration of a private limited company may vary depending on the authorized capital invested during the entity's incorporation. The name application for company registration has charges of ₹1000. There is an additional charges for DSC registration which will amount to ₹2000 for two directors. Further, there is additional ₹100-200 fees for the TAN/PAN application.
| Description (assuming starting company with ₹ Lakhs of Capital) | Fees or Charge |
|---|---|
| Professional fees | ₹2999 |
| DSC registration | ₹1999 |
| Company Name application | ₹1000 |
| TAN/PAN application + Stamp Duty | ₹500 |
| Total (Excluding GST) | ₹6499 |
Yes, the whole process for Company registration is online. You don't need to visit anywhere physically. Contact us Now.
There is no requirement of commercial space for Company registration. Even your own residential or rented residential address can be used as the registered address of the Company. Once your start up is setup, and ready then you can change the registered address.
There is a requirement of at least 1 directors to incorporate a OPC.
Normally, it take 1-2 weeks time for Company registration provided all documents are supplied on time.
Directors Identification Number (DIN) is issued to a person who will be appointed as a director in the Company registration. It is mandatory to have DIN before any person can be appointed as a director.
A Digital Signature Certificate (DSC) is the digital equivalent of physical papers or certificates required to sign the form electronically. Yes, as both directors need to sign various documents to incorporate a company, thus all the directors must have DSCs.
The Authorized Capital is the maximum amount of capital that a company is authorized to issue to the shareholders. This authorized share capital will always or be equal to the paid-up share capital.
A portion of authorized capital that has been issued and paid by shareholders.
Data is new fuel which make it most important asset for the business house. Strict policy within our organisation is to ensure no compromise on data confidentiality and data is not shared with the third party. Your information is safe with us.
Our team consists of CA's, Lawyers, CS, IIM, graduate, Actuaries and other supporting staff to make sure you get best services. With 10+ years of experience, our experts uses flexible and customized solutions to provide hassle-free services to any industries.
Patron Accounting has ISO 9001:2015 certifcation in place. We continuously improve our existing process and try to find new ways for doing the same tasks. We are committed to reduce the time taken to process any task and give unquie experience to our customers.
Email