In today’s world starting a business is a start of a new life and responsibilities, but even if your new entrepreneurial life has begun, it does not mean your company has a legal existence. This is where company registration comes to play. Through an extensive process which requires a handful of protocols to be followed, your company is ultimately issued a Certificate of Incorporation by the Registrar of Companies, bestowing it with a legal existence. Although, this is just one of the main benefits of registering your company. In this guest post, we at The StartupLabs are here to highlight the benefits of registration in Delhi and the rest of India. 

Benefit 1 – Cost-Saving

One of the primary benefits of registering your company online is the amount of cost-saving it produces. It does so by eliminating the costs generated by using the traditional method of registration, such as cost generated by travelling, consultation and paperwork. As this form of registration is completely online, you do not need to put aside expenses for travelling to any government office, or paperwork for submitting physical documents, as such, online registration promotes cost-saving.

Benefit 2 – Time Efficiency

Any successful business values efficiency and spending resources responsibly. Time is an invaluable resource that you must use efficiently to ensure smooth and on-time operations in your business. Another benefit of online company registration is unparalleled time efficiency. This form of online registration provides quick processing, easy accessibility and real-time updates that can show you the status of your registration process. This benefit showcases the strengths of the online registration of your company. 

Benefit 3 – Legal Compliance

It is essential for any business to follow legal compliance. Online company registration in delhi allows for this to be managed easily by providing you with automated checks and guidance with templates. The online registration system automatically checks for any kind of errors and ensures that all documents and information is submitted correctly, lowering any chance of non-compliance later on. The given guidelines and templates also help in guiding you how to submit the required documents and follow each step correctly.

Benefit 4 – Enhanced Credibility

Online company registration enhances your business credibility in the market, by boosting your professional image. As your company would be registered, it would project a professional and safe image to your potential customers and investors. It also promotes confidence and trust from the shareholders due to your company’s legal recognition. The enhanced credibility empowers the continued growth of your business. 

Read More: How to Register a Company in India

Benefit 5 – Data Security 

By registering your company online, you can enjoy the security benefits it provides. Online registration systems utilise encryptions and algorithms to protect your sensitive data and documents. Through online registation’s accuracy checks you can be informed of any kind of mistakes during the document submission procedure, empowering you to correct them. These benefits allow for an error-free document submission process. 

Benefit 6 – Tax Benefits

Registering your company online brings tax benefits, by ensuring your company meets tax compliance. It can also qualify your business for various tax exemptions and incentives from the government, only available if your company is registered. These can mean reduced tax rates and deductions. As such, registering your company online allows you to enjoy a streamlined and simplified tax procedure, with reduced paperwork. 

Documents Required To Register A Company 

There are a few essential documents that are required at several steps of the company registration procedure for all business structures.

Here is a list of them:

Documents of Directors of A Company

In the company registration, general documents of directors (Existing or Intended) of a company are required. 

Proof Of Identification

You may use the following as proof of identification.

• PAN
• Driving Licence
• Aadhar Card
• Passport

Proof Of Address

A proof of address is also essential, you may use the following documents:

• Recent Telephone Bill
• Recent Electricity Bill
• Recent Bank Account Statement with address mentioned
• DIN
• DSC

Documents of The Company

In the company registration process, documents relating to the company are also required. 

They are as follows:

• Residential Proof
• Memorandum of Association
• Articles Of Association
• Proof Of Registered Office Address

All of these documents are essential for a seamless and hassle-free company registration process. 

Conclusion

Today, registering your company is not just a formality, it’s also convenient as you can do it online. There are many benefits to it and you should do it to enjoy cost-saving, time efficiency, data security and enhanced reputation for your business. It is the way to give your company an actual legal existence, empowering you to take further steps into its growth. We hope through this guest post, you are better equipped with the knowledge about the benefits of online company registration. If you are looking for aid or more information on company registration in Delhi, Contact The StartupLab. We provide numerous services all designed and curated to bring your business and startups to the next level.

FAQ

Q. What does online company registration mean?

Ans: An online company registration is the process of registering your company by using the online MCA portal in India. It is a process that requires various steps and care to be done successfully. Completion of registration gives your company a legal existence. 

Q. What documents do I need for online company registration?

Ans: Various documents are required for company registration, such as proof of address of both directors of a company and the company itself. Documents such as MOA and AOA are also required.

Q. Is online company registration safe and secure?

Ans: Yes, registering your company online is completely safe, secure and a transparent process, in which you can see the status of your registration. 

Q. How long does it take to register a company online?

Ans: The time taken for registering a company is relative as it depends on your company’s size and industry. However, it would at least take around 15 days. 

Q. Is DIN required for registering a company?

Ans: Yes, DIN or Director Identification Number is required for registering a company.