Incorporation of companies with zero fees and with simple procedures

Incorporation of companies with zero fees and with simple procedures

Government has announced the incorporation of companies with zero fees and with simple procedures. It will help the small companies and business to get registered. 

Five procedures for starting a business are now integrated and can be done simultaneously. The ease of doing business policy of the government is in the form of these simple steps to form a company.

RUN ( Reserve Unique Name)

Reserving a company name is now an easy process. Earlier companies have to file INC-1 eForm. Time taken to apply for name reservation has been reduced considerably as the form for name reservation has been replaced with a simple web service. No need for a digital signature certificate for reservation of unique name.

Spice- ( Simplified Performa for Incorporating Company Electronically)

ccnFive services has been incorporated in one eform. This is unique feature of spice . As the companies have to apply for DIN (Director Identification Number), Name reservation , Incorporation, Pan( Permanent Account Number), Tan(Tax deduction and collection account number) . All these can be applied with one single eform.

~DIN Not required prior to Filing Spice e-Form:

~DIN’s for directors of new companies through spice only.

Speedy Incorporation Approvals:

Central Registration Centre delivers Incorporation approval within 1 working day.

REFORMS:

1. Simplified procedure: The procedure for incorporation of companies have been simplified and this is the biggest reform for incorporation of new companies.

2. Zero Fees: Incorporation of new companies can be done with zero fees. This will provide an opportunity to new entrepreneurs to register themselves.

3. Reduced Time: Incorporation approval will be provided by the Central Registration Centre within one working day.

CA Amresh Vashisht
Meerut
For Updates 9837515432