The long awaited new Companies Act, 2013, after a lot of expectations and speculations, was finally notified in the Gazette of India on August 30, 2013. The new law, which is more comprehensive than its predecessor with 470 sections spread over 29 chapters and 7 schedules, replaced the six decade old Companies Act, 1956.
Recently, Government of India came up with an innovative way in the new legislation to make the incorporation procedure much easier to promote Ease of Doing Business & Make in India initiative of Modi Government. It’s now also became possible that a Company can be incorporated with Rs. 2/- as its Capital consisting of two equity shares of one Rupee each subscribed by the promoters of the Private Limited Company of one share each.
Further, it has introduced new Form INC-29 – Integrated Incorporation Form which has substituted 5 different forms making it a lot simpler and easier. It is also a Fast Track Procedure for incorporation of your new Company it can be incorporated within 2-3 days. Thus, a Company can be incorporated only in one step:-
  • Filing Form INC-29
Final Certificate of Incorporation shall be granted then within 2-3 working days from the date of application for Incorporation.
Following type of Companies can be incorporated:
  • One Person Company
  • Private Company
  • Public Company
  • Section 8 Company (Not for Profit Organisation)
  • Limited Liability Partnership (LLP)
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