MCA NEW INC 29 SINGLE E FORM FOR COMPANY INCORPORATION

Dear Entrepreneurs MCA Notified New Single Form for Company Incorporation. New Integrated Companies Incorporation Form – INC-29 would be made available for filing w.e.f 1st May 2015. 



INC-29 will provide following services through a single e-form:

(i) Allotment of Director Identification Number;
(ii) Name of a company; and
(iii) Incorporation of a company.

Narendra Modi government eases incorporation of business, process to take just 1 form starting today

Entrepreneurs keen on setting up new enterprises will be able to incorporate one by filing just one form starting Friday against eight separate forms earlier, as part of the government’s drive to make it easier to do business in the country.

The corporate affairs ministry will from May 1, 2015 have an integrated company incorporation form to make compliance and reporting easier and convenient for corporates.

“Name availability, allotment of Director Identification Number (DIN), company incorporation and commencement of business will now be possible through a single form,” said a senior ministry official who sought anonymity.

The new form, called INC-29, will be available on the MCA website. This is part of the government’s drive to improve India’s ranking on the globally tracked parameter of ease of doing business. This is a priority area for PM Narendra Modi, who has made it a personal mission to improve India’s scores on this parameter. The government wants to reduce the time taken to register a company in India to one day.

The Ease of Doing Business survey captures the ease with which one can open, conduct and close down businesses. The country was ranked 142 among 189 economies by the World Bank in 2015, down two notches from the preceding year. In 2006, when the index was launched, India was ranked 116. On the crucial ‘Starting a Business’ parameter, the country was ranked 158, again down two places from the preceding year. Modi has said he wants India to be at 50th position in two years among countries ranked by the World Bank in its annual Ease of Doing Business survey.

Features of the this New E Form :-
eForm INC-29 deals with the single application for reservation of name, incorporation of a new company and/or application for allotment of DIN. This eForm is accompanied by supporting documents including details of Directors & subscribers, MoA and AoA etc. Once the eForm is processed and found complete, company would registered and CIN would be allocated. Also DINs gets issued to the proposed Directors who do not have a valid DIN. Maximum three Directors are allowed for using this integrated form for allotment of DIN while  incorporating a company.

INC-29 is a Integrated incorporation Form and will provide applicants a facility to avail of the following services through a single e-form.

1. Allotment of Director Identification No. (DIN) (Max. 3 Directors)
2. Name of a Company; and
3. Incorporation of Company.

** SECTION-8 COMPANY CAN’T INCORPORATED BY INC-29.

INFORMATION REQUIRED TO BE MENTION IN FORM INC-29:

• Main division of industrial activity of the company
• Authorized Capital of Company
  • No. of Shares
  • Amount per shares
• Subscribe Capital of Company
• of Shares
• Amount per shares
• Correspondence address of Company (This address may be registered office address or not).
• Particular of Proposed Name of Company
  • Proposed Name
  • Significant of abbreviated or coined word in the proposed name
• Number of first subscriber(s) to MOA and directors of the company
  • Detail of Total No. of Directors
  • No. of Directors having DIN
  • of Directors Not having DIN
• Detail of Total No. of Subscribers
  • No. of Subscribers having DIN
  • No. of Subscribers Not having DIN

• If Director/Subscriber having DIN
  • DIN
  • Designation & Category
  • Email ID
  • No. of Share Subscribe
  • Directorship in other companies
  • No. of Subscriber Shares

• If Director/Subscriber NOT having DIN (DIN will also generate by these Information)
  • Name & Father Name of Person
  • Date of Birth & Place of Birth
  • Occupation Type
  • Education Qualification
  • PAN
  • Complete Address
  • Mobile No.
  • Duration of Stay at present address
  • Designation & Category
  • Attachments:
    • Proof of Identity (Voter/Driving/Passpor/Aadhar)
    • Residential Proof (Bank Statement/ Electricity/Telephone/Mobile Bill)
  • of Subscriber Shares

“When the e-Form is processed and DIN is generated, an acknowledgement email of DIN generation is sent to the director.”

Mandatory Attachments if DIN is applying:

• Proof of identity & residential address of subscribers;
• Proof of identity and address of Applicant
• Apply PAN/TAN: (PAN automatically apply by these info’s)
  • Area Code
  • AO type
  • Range Code
  • AO No.
• Source of Income:
  • Income from Business/profession
  • Capital Gains
  • Income from house property
  • Income from other source
  • No Income
• Additional Information for Employer registration under Employee State Insurance Corporation (ESIC):
  • Type of Unit (Factory/Establishment)
  • Exact nature of Work/Business carried on
  • Work Sub category

MANDATORY ATTACHMENTS:

• Memorandum of association
• Articles of Association;
• Affidavit and declaration by first subscriber(s) and director(s);;
• Proof of Office address (Conveyance/ Lease deed/ Rent Agreement etc. along with rent receipts);
• Copy of the utility bills (not older than two months)

NOTE:

• The e-Form will not be auto approved (STP).
• Companies have option to go by route of e-form INC-29 or earlier route INC-1, INC-7, DIR-12 and INC-22.
• Director has to give declaration at the end of the form that he have check the name on MCA website and Trade Mark Website.
• DSC of Director will be affix on form. {In case of director don’t have DIN then mention PAN No. of director at the place of affixing of DSC)
• DSC of professional will also affix on the form.
• Fee for Form Rs. 2000/-
• List of main divisions of industrial activities given as Annexure A in the instruction Kit of INC-29.

For any further queries or difficulties, help desk facility of the MCA21 portal may be contacted at appl.helpdesk@mca.gov.in or at 0124-4832500.


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