Formation of a Company in Delhi

Formation of a Company in Delhi

Formation of a Company in Delhi is the Incorporation Process of a Company which includes multiple types of companies. One can register a company as Private Limited Company, Public Limited Company, Limited Liability Partnership, One Person Company, etc. The Selection of a Company is the most crucial part while registering a company as it should match your business goals. In this article you’ll get complete detail related to Company Formation in Delhi including its Benefits & Formation Process.

What is Company Registration in Delhi?

The Incorporation Process of a Company is known as the Company Registration. There are multiple types of companies individuals can register to start their business in Delhi. Following are some major types of Companies One can register in Delhi:

• Private Limited Company Registration: A Private Limited Company Registration in Delhi comes under Companies Act, 2013. One can start their Company Privately in Delhi by following some major steps. In Delhi, a private limited company is the most popular company type due to its various advantages, including limited liability protection, ease of formation and maintenance, and separate legal entity, etc.

• Public Limited Company Registration: A Public Limited Company is a type of business structure in which the general 7 or more persons hold the ownership of the company. This ownership is based on traded shares of the company. These shares can be exchanged among individuals in order to buy or sell the equity.

• One Person Company Registration: An OPC or One Person Company Registration in Delhi is regulated under the Companies Act, 2013. It is a single owner company, incorporated with a Private Limited structure. When compared to other sole owner structures like a Proprietorship firm, an OPC offers limited or restricted liability to its shareholder.

Formation Process of Company in Delhi

The formation process of a company in Delhi varies for each Company. Streamline your Company Registration process in Delhi NCR with the help of our CA experts by following several steps:

• Step 01: Choosing the Right Company Structure: While setting up your company in Delhi, it is important to understand which structure is more suitable for your business idea. One can choose a Private Limited Company, Public Limited Company, Limited Liability Partnership or One Person Company depending on the business need.

• Step 02: Company Name Reservation: Once you choose your company structure, reserve a name for your company as it provides a unique identity and makes it distinguish from others.

• Step 03: Partner or Directors Appointment: After selecting the name for your company, appoint a partner or director as per the need of your Company.

• Step 04: Registering Office Address: Next, you need to register your office address where official documents and notices can be sent through the government authority.

• Step 05: Business Constitution Drafting: As per your Company, you might need to draft a business constitution. Some businesses ask for MoA & AoA which include objectives of the organisation and the rules and regulations.

• Step 06: Company Incorporation Documents Filing: Next, you need to file the documents as per your Company Structure for the Company registration.

• Step 07: Incorporation/Registration Form Filing: Once you gather all the required documents, fill the incorporation or registration form as per your Company.

• Step 08: Assistance in Opening Bank Account: Once you register your company legally, open the bank account in the company’s name through which financial transactions will be made.

• Step 09: Post Incorporation Steps: Once you start your Company, it's not the end here; you need to complete the post incorporation steps that are mandatory for companies. There are some mandatory monthly or annual compliances which need to be completed.

Benefits of Company Formation in Delhi

Company Formation in Delhi brings multiple benefits which vary from each company structure. These benefits are as follows:

Why Bizfoc?

Company Formation helps you to start your business journey. One can choose a Company Structure which matches your Company goals. In order to register your company it’s crucial to choose the right company structure as there are multiple business setup options available. One can start a Company as a Private Limited Company, Public Limited Company, LLP, One Person Company, etc. However, each business structure offers multiple advantages, it's up to you and your company goal which advantages you need the most.

Frequently Asked Questions (FAQs)