The total time taken in starting a company is undoubtedly a highly
significant parameter for deciding the ‘Ease of Doing Business (EoDB)’ in the
concerned country. It may here be just mentioned that the EoDB Ranking is
published yearly by the World Bank Group for investors’ support. Introduced in
May 2015 by MCA, the Integrated Company Incorporation Form INC-29 has
been one of the highly significant measures taken by the Govt of India for
improving further its EoDB Ranking. This short but rather rich blog offers very
beneficial information about this fast-track company registration form inc-29,
to help the interested entrepreneurs and investors in doing businesses in
India.
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| Fast track company registration |
This fast-track company registration eliminates the requirement of filing many necessary forms separately for registering a desired company anywhere in entire India. Thus, utilization of this form reduces considerably the time taken in company registration in India, and limits the same within just 48 hours. However, use of this e-Form INC-29 allows only one name to be proposed by the applicant. Again, all most popular types of companies can readily be registered using this form, excepting the Section-8 company. For using this form, at least one director of the proposed company must have a DSC (class 2). The following facilities/tasks are encompassed by this single composite company registration form inc-29 ---
