Ease of doing business: Government plans to introduce new integrated from for company registration.

The government plans to introduce a new version of the integrated company incorporation gurgaon form in a measure aimed at enhancing ease of doing business that targets reduction in average number of days for incorporating a company to one to two days from more than four days at present. 

The new form, INC29, will have an option for entities to apply for director identification number or DIN and reservation of name through a single e-form. 

"This new version of form INC29 will allow up to five directors to be appointed and greater flexibility in proposing a name for a company. Suggestions from the stakeholders are being taken," the government said in a press release. 

The reservation of a name, incorporation of company and appointment of directors of the proposed company can be filed in the integrated form. The government said the time taken for company registration gurgaon has already been halved through measures introduced to enhance ease of doing business. 

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Govt to centralise new company registration process to improve ease of doing business.

 In a significant step towards improving the ease of doing business in India, the Corporate Affairs Ministry will soon centralise the whole process related to registering a new company formationgurgaon and strive to complete the processing within a day.

The Central Registration Centre (CRC) to speed up services for incorporation of companies, set up by the Corporate Affairs Ministry, is already functional.

The Ministry, which is implementing the Companies Act, has been taking various measures to further improve the ease of doing business in the country, a priority of the current government.

Continuing the efforts, CRC would now carry out the processing and disposal of e-forms and all related matters pertaining to registration of companies.

Once the new system comes into effect from March 28, the works pertaining to incorporation of firms done by respective Registrar of Companies (RoCs) would be carried out by CRC.