On the occupation of republic day The Ministry of Corporate Affairs had intruded initiative for promoting start-ups in India. For every person who desires to start his Owen company with small business. The MCA had taken the decision to remove Government Filing fees on Company registration. This decision comes effective form 26 January 2018 by Notification.
Below are key points for new company registration
Benefits to Startups
The process of company registration is simplified by the Ministry of Corporate Affairs. With the introduction of new form and removal of government fees, company registrant process becomes more simple.
Now need to pay government filing fees at time of company registration, there will be ultimate saving of funds.
Reserve Company Name
With a simplified RUN( Revere Unique Name ) form apply for reservation of the desired name for your company registration. Giving choice for revering name of company.
Fast Track Process
The new forms introduced by the MCA will make the process of company registration simple and time saving for Government and Applicant.
What are the features of RUN(Reserve Unique Name) web service ?
It is a simple and easy to use web service for reserving a name for a new company or for change of name for any existing company.
For how many days is a reserved name valid?
An approved name is valid for a period of
(i) 20 days from the date of approval (in case name is being reserved for a new company) or
(ii) 60 days from the date of approval (in case of change of name of an existing company)
What is CIN and when does it have to be entered?
CIN is Corporate Identification Number and it has to be entered only when an existing company wishes to change its name and is using RUN to reserve a new name.
Check Company Names
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