New development: MCA to release new form INC-29. In this one form we can provide DIN, Name availability and incorporation docs at once. This form is being brought under the ease of doing business initiative to shorten the time needed for incorporation of company.

Summary of MCA Webcast on Inegrated Form for Incorporation (INC 29)

COMBINED FORM FOR DIN+NAME AVAILABILITY+INCORPORATION

1. only is an option and not mandatory;

2. required to propose only 1 name;

3. simpler process;

4. separate Q for this form at RoC back office;

5. Template Memorandum of Association and Template Articles of Association;  Option is available for amending the M&AoA;

6. object to incorporate company within 24 hours of applying;

7. registration fee of Rs.2k.  + other fees depending upon capital of the company.

8. Will PAN be generated, automaticlly with Form No. INC-29 - Not available.

9.  All attachments/declaration/proof etc. will be required for Form No.29. However, duplication of attachment will be reduced.

10. In case Directors/Shareholders have DIN, then separate address proof/ID proof will not be asked for.

11. Re-submission requires onearous process (including change in M&AoA) and hence, one needs to be doubly sure before applying said form.

12. This form is not meant for Section 8.

13. Two re-submissions will be permitted.

14. In case the form is rejected, refund needs to be applied through Refund Form.

15. This form is not a STP Form and needs to be processed by respective RoC.

16. Certificate of Commencement of Business will continue.