Documents Required To Start New Company / Business In India
INC-29 is now the only document required to start a new company or business in India. The ministry of corporate affairs has introduced a major reform that cut downs the number of documents required to incorporate in India from 8 to just 1 [INC-29]. This move is expected to simplify the entire process and make it a lot faster as well. The single form will now be able to let you obtain your DIN (Director Identification Number), check for name availability for your new company and complete other formalities.
Earlier, the process of starting a business in India was lengthy and required you to submit about 8 different forms viz. the DIN application form, new digital signature certificate, name of company (INC-1), registration of the company, MoU, AoA, INC-22 for details of registered office, and DIR12 for every director).
With the availability of just ONE form to fill, I'm sure this is the big step in the right direction to push India up in the list of ease of doing business country-list. As of now, India stands at Rank 142 out of 189 and the government seems to be committed to improving the rank to top 50 in the next 2-3 years.
I'm uploading the form INC-29 to our Downloads section. You may download the form and fill it. If you have questions, opinions or feedback, you may post them in this discussion.
PS: I'm attaching the form for download here, but you are advised to download the form from official website: #-Link-Snipped-#
Earlier, the process of starting a business in India was lengthy and required you to submit about 8 different forms viz. the DIN application form, new digital signature certificate, name of company (INC-1), registration of the company, MoU, AoA, INC-22 for details of registered office, and DIR12 for every director).
With the availability of just ONE form to fill, I'm sure this is the big step in the right direction to push India up in the list of ease of doing business country-list. As of now, India stands at Rank 142 out of 189 and the government seems to be committed to improving the rank to top 50 in the next 2-3 years.
I'm uploading the form INC-29 to our Downloads section. You may download the form and fill it. If you have questions, opinions or feedback, you may post them in this discussion.
PS: I'm attaching the form for download here, but you are advised to download the form from official website: #-Link-Snipped-#
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