prpri Now Incorporate Company with 15 Lakh Capital with Zero Fees Now Incorporate Company with 15 Lakh Capital with Zero Fees

It is well Known that Current Government is Considerably working towards promotion of Ease of Doing Business in India. Pursuant to same the Ministry of Corporate Affairs has introduced a vital amendment.

As per the amendment to the Companies (Incorporation) Second Amendment Rules, 2019 dated 06.03.2019, MCA has revised the limit of Rs. 10 Lacs to Rs. 15 Lacs.

Last year on 26.01.2018, while introducing Spice forms for incorporation of companies with the intent of ‘Ease of Doing Business’, MCA implemented the rule of Incorporation with Zero fees for the proposed companies with a nominal capital of less than or equal to Rs. 10 Lacs and in respect of proposed companies not having share capital, whose members does not exceed 20. Now with effect from 18.03.2019, this limit of 10 lacs has been revised to Rs. 15 lacs.

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Qualification: CS
Company: Karan Nenwani & Associates
Location: Indore, Madhya Pradesh, India
Member Since: 23 Feb 2019 | Total Posts: 8
CS Karan Nenwani, is an Associate Member of the Institute, and is currently working as a Practicing Company Secretary in Indore. Corporate Law, Commercial Laws, Income Tax, GST and IPR are his main area of practice. He is a Commerce Graduate with Hons. And has pursued his Masters in Business Policy View Full Profile

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July 2021