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To reduce significantly the time taken to start a business in India, the Ministry of Corporate Affairs (MCA) introduced in May 2015 an Integrated Incorporation Form named as the eForm INC-29. This five-in-one form eliminates the requirement of filing several forms for registering a company in India, and thereby, expedites the registration process. This webpage offers very useful information about the fast track company registration - form INC 29, and the procedure involved.
This single, fast-track company incorporation Form INC-29 facilitates the following five tasks:
Obtaining Director Identification Number (DIN) for up to Three Directors
Name Approval of the proposed company
Filing the Incorporation Application
Getting PAN (Permanent Account Number)
Getting TAN (Tax Deduction Account Number)
Claimed to get approval in 48 hours this eForm INC-29, can be used for registering any of the following categories of companies anywhere in India ---- One Person Company (OPC); Private Limited Company; Public Limited Company; and Producer Company. Here, it must be noted that the Section-8 company cannot be registered using this INC-29.
Procedure for Company Incorporation Using eForm INC-29
To file this fast-track company registration form, at least one of the directors of the proposed company should have the class 2 Digital Signature. This section describes the procedure for company incorporation using eform INC-29, for registering any of the above-mentioned company, anywhere in entire India.
The following three broad categories of tasks are to be performed for filing the Form INC-29:
(A) Detailed Information and Documents related with Directors seeking DIN
(B) Proposing the Company Name; only a Single name created strictly as per the Guidelines given in the Companies Act of 2013
(C) Attaching Incorporation Documents with Form INC-29
After being duly signed by the Directors/Shareholders, the following incorporation documents are to be attached with the Form INC-29:
MOA and AOA
Affidavits and Declarations by the concerned Directors and Shareholders
Documents related with the real estate property where the registered office of the proposed company will be located, including address proof of the location.
Document, if any, in support of the proposed company name
And, other necessary documents depending on the specific type of company.
