If you are looking to start a business in Delhi NCR state, then it’s advised to decide upon what sort of business entity to register. There are different types of business structures required for company registration in Dwarka. From document requirements to step by step process for company registration, this blog discusses everything you need to know about registering a company in Dwarka.
Types of legal entity
1. Private limited company – You can start your business in the form of a private limited company. It requires registration with the MCA and the Registrar of Companies, Dwarka.
2. Limited liability partnership – Limited liability partnership is similar to the private limited company with fewer features. It is an updated form of a partnership firm that requires registration with the Registrar of LLPs.
3. One person company – One person company is kind of similar to a private limited company but requires only one person to register a company in Dwarka.
4. Partnership firm – Basic partnership firm registration in Dwarka requires 2 people.
5. Sole proprietorship – This type of business structure does not have any concrete registration process. It requires only 1 person to register a firm in Dwarka.
Requirements for company registration in Dwarka
- A minimum of two shareholders and Directors is required. The same person can both be the shareholders and directors
- It is important that one of the Directors must have stayed in India for at least 182 days in the past year
- All businesses must have a unique name as it will ease the registration process in Dwarka
- They must also have a registered office address from where they will conduct their business
- The directors of the company will need a digital signature certificate as well for authorising filings online
- A director identification number is crucial to file applications
- The business owners will further have to draft the required legal documents. This includes a shareholder’s agreement, MoA, and AoA
Document checklist for company registration in Dwarka
- ID and address proof of Directors and shareholders - Adhaar card, voter ID, PAN card
- Digital signature certificate of all Directors
- Passport size photograph of Directors
- Director identification number of all Directors
- Bank account statement
- Proof of address of the place of the business. It can be rental agreement, property registration certificate
- NOC from the owner for rented places
- MoA and AoA
Process of company registration in Dwarka
Here is a step by step process to register a company in Dwarka.
1. First and foremost, entrepreneurs need to make sure they meet the eligibility criteria needed to be incorporated as a particular business entity.
2. Once the eligibility criteria are met, the entrepreneurs can start to obtain the needed legal documentation.
3. The next step involves the founding members and directors to apply for a digital signature certificate and a director identification number through the online portal.
4. Entrepreneurs now have to submit an application to reserve the name of their company. You can submit up to 6 names using the application form. The MCA then performs an online name search and assigns the appropriate unique name based on the availability.
5. Now, the business owners will have to contact a lawyer and draft the company’s legal documents.
6. The entrepreneurs at this step are ready to apply for a legal entity with the RoC by submitting the following forms - Form INC-7, INC-22, and DIR-12.
7. After submitting the application, the entrepreneur is required to pay the stamp duty and fees required for RoC. The regional RoC office in Dwarka then checks and verifies all the details and, if satisfied, issues a certificate of incorporation to the company.
Depending on the type of company proposed, it will take approximately 5-6 days for the company's registration authority to review all documents and issue the required certificates. As soon as a company receives a incorporation certificate, it can apply for PAN card and TAN for tax purposes of the company.
How can RBG Consultants help in the company registration process?
If you do not have adequate knowledge, company registration in Dwarka can become a daunting task. However, with the assistance of the top consultants of RBG Consultants, you can do company registration online in a hassle free manner.
The consultants at RBG Consultants will assist you in everything right from paying the company registration fees on time to receiving the company registration certificate and more. Contact them today!
