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.
INFORMATION REQUIRED TO BE MENTION IN FORM INC-29:
Mandatory Attachments if DIN is applying:
For any further queries or difficulties, help desk facility of the MCA21 portal may be contacted at [email protected] or at 0124-4832500.
Hire Legal Professional from our marketplace for your startup wtih Comparable Pricing.