The Ministry of Corporate Affairs (MCA) has introduced a new form INC-29 through which a new company can now be incorporated quickly in India. The newly introduced form known as Integrated Incorporation Form INC-29 will combine the procedure for getting Director Identification Number (DIN), Name Approval Application and Incorporation Application into a single step.
Prior to the introduction of form INC-29, company incorporation in India takes on average 15 - 30 working days. To incorporate a new company in India, the applicant would have to first obtain Digital Signature (1-2 Days), apply for Director Identification Number (1 Day), apply for Name Approval (3-4 Days), prepare and sign incorporation documents (3-4 Days) and finally apply for incorporation (3-4 Days). With the new form, company incorporation in India can be completed within a week - as many of the steps have been combined.
Private Limited Company Registration, One Person Company Registration, Limited Company Registration and Producer Company Registration can be completed through this new form.
IndiaFilings.com - India’s leading website for company registration has began offering fast track company registrations services in less than a week using Form INC-29. By utilizing the fast track services for company registration from IndiaFilings, Entrepreneurs in India and Abroad will be now able to start a company in India through IndiaFilings.com in less than a week, subject to Government processing times.
Speaking about the development, Lionel Charles, CEO of IndiaFilings.com said “This is great for India. To have a vibrant and growing economy it should be easy to start and manage a business. This new procedure would immensely help Entrepreneurs quickly get their business started.” He also added “It is great to see the Government taking steps to reduce red-tape and providing a welcoming environment for startups and small businesses”.
To know more about Form INC-29 and the procedure for fast track company registration, visit the article on Form INC-29 in IndiaFilings Learning Center.
About IndiaFilings.com
IndiaFilings.com is India’s leading online legal and professional services platform offering a range of services from private limited company registration, LLP registration, trademark registration and tax filing services. IndiaFilings has helped thousands of Entrepreneurs start and manage their business in India by providing quality and reliable professional services online at an affordable price point. For more information, please visit http://www.indiafilings.com
Photo Caption: Start a company in less than a week
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