Incorporating a company in India takes 10-15 days. Learn the key steps, potential delays, and tips to expedite the process efficiently.
Incorporating a company in India generally takes 10 to 15 working days, depending on factors like document accuracy, compliance checks, and the Ministry of Corporate Affairs (MCA) processing speed. However, in some cases, the process can be completed in as few as 7 to 10 days if all documents are correctly submitted, names are approved on the first attempt, and there are no delays on the MCA’s end. Key steps include obtaining Digital Signature Certificates (DSCs), securing a Director Identification Number (DIN), reserving a unique company name, and filing the SPICe+ form. Accurate submissions are crucial to prevent delays, as the Registrar of Companies (ROC) enforces strict documentation standards.
To streamline the incorporation of a company in India, here’s a detailed breakdown of each key step, along with estimated timelines to help you plan efficiently.
1. Obtain Digital Signature Certificates (DSC) – 1 to 2 Days
- What it is: A Digital Signature Certificate (DSC) is mandatory for all company directors and authorized signatories. It is used to securely sign and submit electronic forms to the Ministry of Corporate Affairs (MCA) portal. The DSC ensures data integrity and authenticity, which is crucial for all official filings.
- Estimated time: With prepared documentation (ID and address proof), obtaining a DSC generally takes 1 to 2 days.
2. Apply for Director Identification Number (DIN) – 1 Day
- What it is: A Director Identification Number (DIN) is required for each director in the company. It can be applied for alongside the incorporation application in the SPICe+ form.
- Estimated time: This step usually takes 1 day if documentation is complete and accurate.
3. Reserve a Unique Company Name via RUN – 1 to 2 Days
What it is: The Reserve Unique Name (RUN) service allows you to propose a name for your company. The MCA checks for name uniqueness and compliance with naming guidelines.
Estimated time: Name approval typically takes 1 to 2 days. If the proposed name is rejected due to similarity with existing names or non-compliance with naming rules, you may need to resubmit, which could extend the timeline.
- Use the MCA portal’s name search feature to ensure your chosen name isn’t already in use.
- Choose a distinctive name that complies with MCA guidelines to avoid rejections and delays.
4. Submit the SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) Form – 2 to 4 Days
- What it is: The Simplified Proforma for Incorporating Company Electronically Plus (SPICe+) form consolidates multiple registrations, including:
- Company incorporation
- Permanent Account Number (PAN)
- Tax Deduction and Collection Account Number (TAN)
- Optional Goods and Services Tax Identification Number (GSTIN)
- Estimated time: Completing and submitting the SPICe+ form may take 2 to 4 days, depending on the accuracy of the information provided and the MCA’s processing speed.
5. Issuance of Certificate of Incorporation (COI) – 1 to 2 Days
- What it is: After SPICe+ form approval, the MCA issues a Certificate of Incorporation, officially signifying the company’s legal existence.
- Estimated time: Receiving the COI generally takes 1 to 2 days if there are no further clarifications or additional document requests.
Factors That Can Affect the Incorporation Timeline
While incorporating a company can generally be done within 10 to 15 days, several factors can impact the timeline:
- Document Accuracy: Errors or incomplete documentation often lead to resubmissions, adding days or even weeks to the process. Double-check all forms and attachments to minimize mistakes.
- MCA Processing Delays: The Ministry of Corporate Affairs can experience slowdowns during peak times, such as financial year-end or tax season. This may extend the timeline for approvals.
- Name Approval Challenges: The company name approval process can be tricky. If your proposed name is too similar to existing companies or violates MCA guidelines, it may be rejected. This would require resubmitting a new name, which can add 1 to 3 extra days.
- Additional Approvals for Special Companies: Non-profit organizations, subsidiaries of foreign companies, or businesses in regulated sectors may need additional clearances, resulting in extended processing times.
Tips to Expedite the Company Incorporation Process
To streamline the incorporation process, consider the following tips:
- Prepare All Documents in Advance: Ensure that identity and address proofs for all directors are complete and clear. Double-check documents to prevent errors that could cause delays.
- Choose a Unique Company Name: Use the MCA portal to check if similar names already exist. This minimizes the risk of rejection, reducing delays from resubmissions.
- Engage a Professional: If you’re unfamiliar with the incorporation process, working with a professional service provider can help ensure that all forms are filled accurately and submitted promptly, reducing the risk of errors.
- Utilize the SPICe+ Form Fully: The SPICe+ form integrates several registration processes, so applying for PAN, TAN, and GSTIN at the same time helps avoid additional steps after incorporation.
Conclusion: Be Prepared for a 10–15 Day Process
Incorporating a company in India typically takes 10–15 working days if all documents are correctly submitted and approvals go smoothly. This timeline includes obtaining a DSC, applying for a DIN, reserving a unique name, and filing the SPICe+ form. With proper planning, document accuracy, and possibly professional assistance, you can minimize delays and complete the process efficiently. Understanding the timeline helps in planning and setting realistic launch dates for your business. Our experts at Vakilsearch will file your application on your behalf and ensure your company is registered error-free. Register with us today!
Frequently Asked Questions (FAQs) on Company Incorporation Timeframe
Can the incorporation process be completed in less than 10 days?
Yes, in some cases, incorporation can be completed in as few as 7–10 days if all documents are correct, names are approved on the first attempt, and there are no processing dela
How many names can I submit for approval?
The RUN service allows you to propose up to two name options for approval. If both names are rejected, you will need to reapply with a new payment, which may extend the processing timeline.
What documents are required for company incorporation?
Required documents typically include identity and address proof for all directors, Digital Signature Certificates, and registered office proof. These are critical for completing the SPICe+ form.
Do foreign nationals face additional requirements?
Yes, foreign nationals must submit notarized and apostilled copies of their documents, which may add time to the verification process compared to documents from Indian nationals.
