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Ease of Business: Now a Reality

News

  • New companies will be able to start their business  by filing just one integrated company incorporation form, starting May 1st 2015,  against eight separate forms earlier
  • The new form, called INC-29, will be available on the Ministry of Corporate Affairs website.

Benefits

  • This is part of the government’s drive to improve India’s ranking on the globally tracked parameter of ease of doing business.
  •  The government wants to reduce the time taken to register a company in India to one day.
  • To make compliance and reporting easier and convenient for corporates.

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