What are the Requirements for a Private Limited Company Registration?

India is one of the fastest growing economies in the world and is home to millions of aspiring entrepreneurs. The majority of these aspirants want to incorporate a registered company that has a separate legal identity. While there are multiple options like a public company, one person company, limited liability partnership and private limited, most people choose to go for a private limited company due to the associated benefits of this business structure. Before you hire an experienced CA for company registration in Delhi, it’s important to acknowledge the key features of a private limited company.

Key features of a private limited company

  • Separate legal identity
  • Limit on members’ liability
  • Perpetual succession
  • Only 2 directors are required to form the company

Steps of the process

Step 1

DSC (Digital Signature Certificate): DSC is a digital equivalent of a handwritten signature which is used to digitally sign documents on the internet. A Certifying Authority (CA) such as nic, Safescrypt, TCS, e-Mudhra, and (n)code Solutions can issue this license, and an experienced consultant can help you get through this step without the hassle. Each proposed director needs to have his or her own digital certificate signature, issuing which generally takes around 2 to 7 working days. Here are the documents required for this process.

  • A self-attested colour photograph
  • ID proof (A copy of PAN card, attested by a Gazetted Officer, Banker or Post Master is mandatory)
  • Address proof (voter ID, passport or recent electricity bill)

Step 2

DIN (Director Identification Number): It is mandatory for the directors of the proposed company to have an allotted DIN as it keeps a complete database of the directors of the incorporated companies. DIN is a unique identification number that is provided to an active or a proposed director of the incorporating company. A skilled CA can help you obtain a DIN in just one working day.

Step 3

Name Registration: A name for your company will help you have a trademark of the company. You are required to submit form INC – 1 for the approval of the name of your company. While the process takes around 10 to 15 days, you need to provide the registrar at least 6 different names in order of preference. A qualified CA, offering services for company registration in Delhi, can help you register a name for your company without struggling much.

Step 4

Drafting and filing of the constitution of the company: This step involves defining the purpose of the company through the documents Memorandum of Association (MOA) and Articles of Association (AOA). While MOA defines the company’s relationship with shareholders, AOA contains the purpose of the company, as well as the responsibilities and duties of its members clearly.

Step 5

Incorporation: This is the final stage of registering a company where the Registrar of Companies issues a certificate of incorporation. The authorised person also issues a Corporate Identity Number (CIN) after examining all the required documents.

While the professional fee of different consultants will be different, it’s important to choose the services of a consultant who has a good record of serving clients in past.

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