Charges for Company Registration in Yamuna Vihar, Delhi - TaxFinMan

Company registration is a crucial first step when starting a business in India, as it provides legal recognition and helps establish credibility. In Yamuna Vihar, Delhi, businesses must register with the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. Whether you’re forming a private limited company, an LLP, or a one-person company, understanding the charges for company registration in Yamuna Vihar, Delhi is essential for smooth financial planning.

At TaxFinMan, we simplify the process by offering transparent and reliable company registration services. This article details the fees involved in company registration and the documents needed, helping you budget for your business with confidence.

Why is Company Registration Important?

Before discussing the charges, it is important to understand the benefits of company registration:

• Legal Entity: A registered company is considered a separate legal entity, distinct from its shareholders and directors.
• Limited Liability: Shareholders’ liability is limited to their investment, protecting personal assets.
• Fundraising and Loans: Registered companies have easier access to bank loans and investors.
• Reputation and Trust: Being a registered company helps in building credibility with clients and suppliers.

By choosing to register your company in Yamuna Vihar, Delhi, you gain these advantages and establish your business on solid legal footing.

Charges for Company Registration in Yamuna Vihar, Delhi

Several factors influence the overall charges for company registration in Yamuna Vihar, Delhi. These include the type of company, authorized capital, and professional fees for consultants like TaxFinMan. Let’s break down the key costs involved:

1. Government Fees

Government fees depend on the type of company and its authorized share capital. The government fees for a Private Limited Company or LLP with a small capital are typically as follows:

• Company Name Reservation: ₹1,000 (approx.) for reserving your company’s name with the MCA.
• Incorporation Fees: The fee for incorporating the company is dependent on the authorized capital:
  • Up to ₹1,00,000 authorized capital: No government fee.
  • ₹1,00,001 to ₹5,00,000: ₹500.
  • ₹5,00,001 to ₹10,00,000: ₹2,000.
  • ₹10,00,001 to ₹25,00,000: ₹4,000.
  • For higher amounts, the charges increase progressively.
• Stamp Duty: Stamp duty varies by state. In Delhi, for a company with ₹1,00,000 authorized capital, the stamp duty charges are approximately ₹1,000 to ₹1,500.

2. Digital Signature Certificate (DSC) Fees

A Digital Signature Certificate (DSC) is mandatory for company registration. Each director must obtain a DSC, and the cost typically ranges from ₹500 to ₹1,500 per DSC, depending on the certifying authority. Most companies require at least two directors to have DSCs.

3. Director Identification Number (DIN) Charges

Obtaining a Director Identification Number (DIN) is essential for each director. The government charges no specific fee for the application of DIN when filing the company registration documents, as it is included in the SPICe (Simplified Proforma for Incorporating a Company Electronically) form. However, filing charges may apply for any future changes or additional DINs.

4. Professional Fees

Professional fees vary depending on the complexity of the incorporation process and the experience of the consultant. TaxFinMan offers competitive rates for company registration services, including:

• Company Name Reservation.
• Drafting of MoA and AoA.
• Filing with the MCA.

Professional fees typically range between ₹10,000 to ₹15,000 for comprehensive registration services.

5. Miscellaneous Charges

Additional charges may include:

• Notarization Fees: For notarizing documents like the Memorandum of Association (MoA) and Articles of Association (AoA), expect fees ranging from ₹500 to ₹1,000.
• PAN and TAN Application Fees: Application fees for a company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) are around ₹150 each.

6. Goods and Services Tax (GST)

Professional services for company registration are subject to GST at the rate of 18%. This tax applies to the consultancy fees charged by firms like TaxFinMan.

Steps Involved in Company Registration

Here’s a step-by-step breakdown of the process:

Step 1: Reserve Company Name

Submit a request to the MCA for name reservation using the RUN (Reserve Unique Name) form. The cost for this step is ₹1,000.

Step 2: Obtain DSC and DIN

Apply for Digital Signature Certificates (DSC) for all directors. Directors will also need a Director Identification Number (DIN), which is part of the SPICe form submission.

Step 3: Drafting MoA and AoA

Prepare the Memorandum of Association (MoA) and Articles of Association (AoA), which are crucial for company incorporation. These documents define the company’s objectives and internal regulations.

Step 4: Filing Forms with MCA

File the SPICe form, along with eMoA and eAoA, with the MCA for registration. Once verified, the Registrar of Companies (RoC) issues a Certificate of Incorporation (CoI).

Step 5: PAN and TAN Application

After incorporation, apply for the company’s PAN and TAN to conduct financial transactions legally.

Factors Influencing Company Registration Costs

1. Type of Company

The charges for company registration vary depending on the company type:

• Private Limited Company (Pvt Ltd): Generally chosen for small and medium businesses.
• Limited Liability Partnership (LLP): Preferred for professionals and service businesses.
• One Person Company (OPC): Suitable for solo entrepreneurs.

2. Authorized Share Capital

Higher authorized capital increases the government fees. It’s important to choose the appropriate authorized capital to balance initial costs and future expansion.

3. Professional Services

Engaging consultants, such as TaxFinMan, can ensure a smoother registration process. Though there are additional costs for professional services, these fees save time and prevent costly errors.

Benefits of Choosing TaxFinMan for Company Registration in Yamuna Vihar, Delhi

At TaxFinMan, we provide seamless company registration services, ensuring that your business complies with all legal requirements. Our services include:

• Transparent Pricing: No hidden costs. We provide a clear breakdown of all charges upfront.
• Expert Support: Our experienced consultants handle the entire registration process, from document preparation to submission.
• Quick Turnaround: We expedite the process, ensuring that your company is registered as quickly as possible.

Why Work with Us?

• Tailored Solutions: We offer personalized consultation to determine the best company structure for your needs.
• Comprehensive Assistance: From DSCs to PAN and TAN applications, we cover all aspects of company registration.
• Affordable Professional Fees: Our fees are competitive, ensuring value for money.