Limited Liability Partnership (LLP) is a popular business structure in India due to its many advantages, such as a separate legal entity, limited liability for partners, and tax benefits. If you’re planning to start an LLP in India, you may be wondering how long it will take to register your company. In this article, we’ll provide an overview of the time required to register LLP online in India.
LLP Registration Process
The registration process for an LLP company in India involves the following steps:
- Obtain Digital Signature Certificate (DSC): The first step in the LLP registration process is to obtain a DSC for all the designated partners of the LLP. A DSC is an electronic signature used to sign electronic documents.
- Obtain Director Identification Number (DIN): The next step is to obtain a DIN for all the designated partners of the LLP. A DIN is a unique identification number issued by the Ministry of Corporate Affairs (MCA) to individuals who are appointed as directors of a company.
- Name Reservation: The next step is to apply for name reservation of the LLP. The name should be unique and not similar to any existing companies or trademarks. The MCA may take up to two days to approve the name.
- File Incorporation Documents: Once the name is approved, the next step is to file the incorporation documents, including the LLP Agreement, with the Registrar of Companies (ROC). The incorporation documents must be filed within 20 days of name approval.
- Obtain Certificate of Incorporation: After the ROC verifies and approves the incorporation documents, a Certificate of Incorporation is issued. This certificate is proof of the existence of the LLP.
Time Required to Register LLP Company in India
The time required to register an LLP company in India depends on various factors, such as the complexity of the business, the availability of documents, and the workload of the MCA. On average, it takes approximately 15-20 days to register an LLP company in India. However, the time can be shorter or longer depending on the circumstances.
Obtaining a DSC and DIN can be completed within a day, while the name reservation process may take up to two days. The incorporation documents can be filed within a week, depending on the availability of documents and the complexity of the business. Once the incorporation documents are filed, the MCA takes around 7-10 days to approve the registration and issue the Certificate of Incorporation.
Factors that Can Affect the Time Required
The time required to register an LLP company can be affected by various factors, such as:
- Availability of Documents: The time required to register an LLP company can be affected by the availability of documents such as PAN, Aadhaar card, and address proof of the designated partners.
- Complexity of Business: If the business is complex and requires special permissions or approvals, the registration process may take longer.
- Workload of MCA: The time required to register an LLP company can be affected by the workload of the MCA. During peak season, the registration process may take longer.
In conclusion, the time required to register an LLP company in India can vary depending on various factors such as the complexity of the business, availability of documents, and workload of the MCA. On average, it takes approximately 15-20 days to register an LLP company in India. However, with proper planning and preparation, you can speed up the registration process and start your business quickly. It is advisable to seek the services of a professional consultant or a legal expert to ensure a hassle-free and speedy registration process.