Overview:

INC-29 will give you the facility to avail of various services for a new business through a single e-form. Form INC 29 is the integration of the following existing forms

  1. DIR 3 – Applying for DIN.
  2. INC 1 – Checking for Name availability.
  3. INC 7 – Incorporation of Company.
  4. DIR 12 – Appointment of Directors.
  5. INC 22 – Notice of situation or change of situation of registered office.
  6. The PAN and TAN of the company will automatically be generated.

Thus incorporating a Company by filing five forms has gone down to just one form which saves a lot of Money and time.

Companies which can be Registered using Form INC-29

The following types of companies can be registered using Form INC-29:

  • Private Limited Company
  • One Person Company
  • Limited Company
  • Producer Company

Features of the e-form INC-29

The form can be used for:

  • Allotment of Director Identification Number (DIN)
  • Name Approval of a company
  • Incorporation of a company

The e-form INC-29 will be available for incorporating a company other than section 8 companies. It will accommodate applications for up to 3 new DIN applicants who will be the incorporated company’s Directors.
The following attachments are mandatory in all cases:

  • Memorandum of Association.
  • Articles of Association.
  • Affidavit and declaration by first subscriber(s) and director(s).
  • Proof of office address.

In case of an OPC, it is mandatory to attach:

  • Consent of nominee.
  • Proof of identity and residential address of the nominee.

Risk involved:

  • The form is allowed only for two re-submissions in case of rejection for the third time the fees paid will not be refunded.
  • The address proof provided in the DIN application must be the same.
  • The form will be assisted by a separate team. In case of a long queue the Approval may be delayed.
  • The professional who affixes the signature will be responsible for the details given in the form.

Investment Involved:

Additional Rupees 2000/- to normal incorporation fees.

(Author Ankita Chopra is Partner at Whitte Collar Legal LLP and can be contacted at whitecollarlegal@gmail.com)

 

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Category : Company Law (3874)
Type : Articles (16951)
Tags : Companies Act (2339) Companies Act 2013 (2112)

0 responses to “Fast Track Formation of Company In India”

  1. Ankita Chopra says:

    Inc-29 – It is combination of three form, so we need to attach all the documents which we use for general incorporation forms.

    Further, we need to file INc- 21 after filing of INC-29.

  2. CA MANISH GUPTA says:

    Pls confirm company name which hasbeen made by form no 29 after 1may 2015?

  3. Rahul Srivastava says:

    I had uploaded INC-29, It requires resubmission as INC-10 was not attached.

  4. Karan says:

    Is there any requirement for filing of INC-21 ? Shall INC 29 all means requirement for filing of INC 21 is done away?

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