Connecting Businesses with Opportunities in India

forming a Company in India

Submitted by CA Shashi Mohan on Sun, 02/25/2018 - 11:19am.

Effective from January 26, 2018

Particulars

Description

Effect of Ease

RUN - Reserve Unique Name

Introduction of an application for Reserving Unique Name. Post approval valid for 20 days. In case the proposed name is unique, no need to apply it through RUN, mention the same directly in SPICe Form

Time Saving (2-4 days)

SPICe - Simplified Proforma for Incorporating Company Electronically

Single Integrated Form for
-Directors Identification Number (DIN)
-Company Name
-Incorporation Certificate
-Permanent Account Number (PAN)
-Tax Deduction Account Number (TAN)

Time Saving (7-10 days) due to single application

DIN - Director Identification Number- DIN

No separate application to get DIN. DIN can only be applied in connection with company incorporation or for getting added in an existing company

In case of incorporation, attach Identity & Address related documents directly in SPICe form

Time Saving (1-2 days)

CRC - Central Registration Centre

No more application with State Registrar of Companies- ROC. Single Window for incorporation process anywhere in India

Saving of processing time ( 4-5 days)

Registered Office

30 days time to arrange for the registered office

Saving of time & cost in pre-arrangement of registered office

Registration Fee

No fee for One Person Company (OPC), Private Limited Companies with nominal Share Capital up to INR 1Million (Appx. USD 15,600)
State Stamp Fee (INR 2,100/USD 30) need to be paid

Saving of Fee up to               INR 2,000 (Appx. USD 30)

 

 

About the Author: With over 15 years of experience, Shashi Mohan has been responsible for the set up and operational management of over 150 overseas brands in India. He can be reached at shashi.m@excelorindia.com  or +91 9818700482