Since the incorporation of companies through INC-29, the steps involved in company formation have been reduced to 3. But exactly how must time it will take still depend upon the workload of the ROC official. Normally, the whole process involves 15 days time to complete registration of your company. Let's understand what all these steps are:
Since the whole process of company formation is online, so there is no opportunity to file any form physically. You can sign only physical documents which are attached to the forms. So, to sign all these e-forms, DSC class II are required. This can be obtained easily from the market, even professional can help you to get the DSC.
There may be chances that you DSC application may be rejected on common grounds such as abbreviated name, spelling mistake, using a prefix like Mr, Mrs or Ms.
Practically, it's not the second step because you can search the even name of the proposed company before applying for DSC. It is just a facility available on MCA portal to find the uniqueness of your name as per name guidelines.
Memorandum of Association (MOA) and Articles of Association (AOA) are the bye-laws of the company. These are company constituting documents which define and govern workings of the company. These documents define the nexus of the company with outsiders. Any person, who is dealing with the company, must read MOA and AOA thoroughly.
This form simplifies the whole process of incorporation is simpler and time-saving. In the earlier regime, there were separate forms for name approval, DIN and company incorporation. But, now INC-29 is the only form which can be filed to get the name, DIN and company formation.
Types of entities which can use INC-29 route to incorporate:
It means this form can be used by section 8 company incorporation.