How many days does it take to register a company?
How many days does it take to register a company?
Registering a company is a crucial step in establishing a business. However, the time it takes to complete the registration process can vary depending on several factors. This article will focus on the timeline for registering a company, specifically emphasizing private limited company registration. We will explore the different stages involved in the registration process, the typical timeline for each stage, and the factors that can influence the overall time it takes to register a company. This information can be helpful for entrepreneurs and business owners planning to establish a new company and want to estimate the time required for the registration process.
How many days does it take to register a company?
In India, registering a Private Limited Company typically takes 10-18 working days, provided all the required documents are submitted, and there are no complications. However, the actual time may vary depending on various factors.
Timeline for registering a Private Limited company in India
The timeline for registering a private limited company in India can vary depending on the factors mentioned earlier. However, here is a general timeline for registering a private limited company in India:
- Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN): The first step in registering a private limited company in India is to obtain a DSC and DIN for all the directors. This can take around 1-2 days.
- Apply for name availability: Once the DSC and DIN are obtained, the next step is to apply for name availability with the Registrar of Companies (ROC). This process usually takes around 2-3 days.
- Draft the Memorandum of Association (MoA) and Articles of Association (AoA): After the name is approved, the MoA and AoA must be drafted. This can take around 2-3 days.
- File incorporation documents: Once the MoA and AoA are drafted, the next step is to file the incorporation documents with the ROC. This includes Form SPICe (Simplified Proforma for Incorporating Company Electronically) and Form URC-1 (Application by a company for registration under section 366). This process usually takes around 5-7 days.
- Obtain Certificate of Incorporation: After the incorporation documents are filed, the ROC will verify the documents and issue a Certificate of Incorporation (CoI). This process usually takes around 2-3 days.
Overall, the timeline for registering a private limited company in India can take around 12-18 days, depending on the time taken to complete each step and the workload of the government office processing the application.
Factors to be Considered
Several factors can influence the time it takes to register a private limited company in India. Here are some of the factors:
- Availability of name: The availability of the chosen name for the company is crucial. If the name is already taken or similar to an existing name, it may take longer to get the name approved by the Registrar of Companies (ROC).
- Completeness of documentation: The completeness and accuracy of the documentation submitted can also affect the overall time it takes to register a private limited company in India. Any errors or missing information in the application can lead to delays in processing.
- Type of company: The type of company being registered can also affect the overall time it takes to register a private limited company. For example, registering a subsidiary company of a foreign company can take longer due to additional documentation requirements.
- State of registration: The state where the company is being registered can also affect the overall time it takes to register a private limited company in India. Some states have a faster registration process than others.
- Government processing time: The time it takes for the government to process the application can also affect the overall time it takes to register a private limited company in India. The processing time can vary depending on the workload of the government office processing the application.
- Hiring professionals: Hiring lawyers, chartered accountants, or company secretaries can help complete the registration process faster. However, this will depend on the availability of the professionals and the fees charged by them.
These factors can influence the time it takes to register a private limited company in India, and it is important to plan accordingly to avoid any delays.
