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How long take to register a private limited company

by janeausten
virtual emcee

Introduction:

The process of registering a private limited company in India can be a complex and time-consuming process. However, with the right guidance and support, it can be completed in a relatively short period of time. The time it takes to register a private limited company can vary depending on a number of factors, including the availability of the proposed company name, the completeness of the application, and the workload of the Registrar of Companies (ROC).

Step 1: Company name approval

  • The first step in registering a private limited company is to obtain approval for the proposed company name.
  • The company name must be unique and not be similar to any existing company names.
  • The company name must also comply with the guidelines set by the Registrar of Companies (ROC).
  • Once the name is approved, it is reserved for a period of 20 days.

Step 2: Incorporation documents and registration process

  • Once the name is approved, the applicant can proceed with the incorporation process.
  • The incorporation documents, such as the Memorandum of Association (MOA) and the Articles of Association (AOA), must be prepared and filed with the ROC.
  • The applicant must also provide details of the directors, shareholders, and authorized capital of the company.
  • A fee must be paid to the ROC for the registration of the company.

Step 3: Obtaining the Certificate of Incorporation (COI)

  • After the ROC has reviewed the incorporation documents, it will issue a certificate of incorporation (COI) if all the requirements have been met.
  • The COI serves as proof that the company has been registered and is a legal entity.
  • The process of obtaining the COI can take up to 15 to 20 working days.

Step 4: Obtaining PAN and TAN

  • After the company is registered, it must obtain a Permanent Account Number (PAN) and a Tax Deduction and Collection Account Number (TAN) from the Income Tax Department.
  • The process of obtaining the PAN and TAN can take up to 15 working days.

Step 5: Obtaining other licenses and permits

  • Depending on the nature of the business, the company may also be required to obtain other licenses and permits from the relevant authorities.
  • For example, a manufacturing company may need to obtain a factory license, a pollution control certificate, and a trade license.

Additionally, it’s important to note that this time frame may vary depending on the state where the registration is taking place, some states have more efficient registration process and authorities, which can make the process faster.

Another important aspect to consider is the preparation of documents, if all the necessary documents are ready and complete, this can also help speed up the registration process. In contrast, if the papers are incomplete, missing documents or have errors, this can cause delays and hold ups in the registration process.

Furthermore, before beginning the registration process, it is essential to ensure that all the required regulatory compliance has been fulfilled, the presence of all necessary documents like the PAN, Aadhar and passport size photographs of the Directors and shareholders and the availability of the requisite funds for the registration and other expenses.

In conclusion, The process of registering a private limited company can take anywhere between 20-30 working days, but with proper planning, organization and assistance from professionals, this process can be completed in a shorter time frame. It is important to be familiar with the rules and regulations, comply with them, prepare all the necessary documents and engage professionals to guide throughout the process to avoid any delays. After the registration, it’s important to be aware of the compliance requirements, filing deadlines and maintain accurate financial records for smooth running of the company.

Conclusion:

The process of registering a private limited company in India can be a complex and time-consuming process, but with the right guidance and support, it can be completed in a relatively short period of time. Typically, it may take around 20-30 working days to complete the process of registering a private limited company. However, the actual time frame may vary depending on the availability of the proposed company name, completeness of the application, and the workload of the Registrar of Companies. It is important to have a clear understanding of the requirements and the process involved in registering a private limited company and to work with experienced professionals to ensure that the process is completed efficiently and without any delays. It’s also important to keep in mind that the company must comply with various laws and regulations after it’s registered, and maintain accurate and complete financial records to avoid any issues with compliance.

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