Setting up of a Company in India is simplified

The Ministry of Corporate Affairs ("MCA") has introduced new incorporation form "SPICE+" and "AGILE PRO" that allows the stakeholders to make a composite application for incorporation and following additional services:

-       Reservation of Name;

-       Incorporation;

-       Employees’ Provident Fund organisation (EPFO) Registration;

-       Profession Tax Registration; and

-       Opening of Bank Account.

The new amendment is effective from 15 February 2020. Further, it may be noted that in case of reservation of new name for the purpose of change of name by existing company, shall continue to make an application through RUN (Reservation Unique Name).

Source: http://www.mca.gov.in/Ministry/pdf/Rules4_07022020.pdf

Similar Articles

Sometimes talking gives solution

Contact us for more information about our services and how we can help

Contact
Disclaimer

As per the rules of the Bar Council of India, we are not permitted to advertise or solicit work. By accessing and browsing through this website, all users agree and acknowledge that the content of this website is for informational purposes only and that there has been no form of solicitation, advertisement or inducement by NovoJuris Legal or its members, in any form. No information provided on this website should be construed as legal advice and NovoJuris Legal shall not be liable for consequences of any action taken by relying on the information provided on this website.