Company Registration in 24 Hours

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Cheers to all entrepreneurs who are thinking of starting a business in India!!!

There is a great reason for joy. The company registration in India becomes too faster than US, UK or any other developed county.  In India, now you can register a company in few hours.

From the introduction of Companies Act 1956, the incorporation of a company was a lengthy process of 2-3 moths in the usual course. By the introduction of MCA21 in 2006, (www.mca.gov.in) the entire company filings became electronic by use of Digital Signature Certificate. Paper filings became a history, probably the first of its kind in the world. The Company registration process was also eased due to 24x7 electronic filing across the web. The time duration for company registration came down to 30-45 days.

Company name approval was another hurdle for aspiring entrepreneurs. The regulations were so stringent that the possibility of desired name was remote as per the draconian Company Name guidelines with conditions such as requirement of different levels of Authorised capital to include certain key words in the name of Company such as India, Global, and International etc. Adding fuel to fire, the orthodox and bureaucratic approach of Registrar of Companies made the company registration a nightmare for entrepreneurs and professionals such as company secretaries involved in the process. Registrar of Companies were scrutinising the documents as if the company promoter is going to something wrong by applying for company registration.

July 24 2011 was a remarkable day in Indian corporate history. Putting an end to all the age old process, the company name guidelines were revised at par with international standards and now professionals such as company secretaries can decide on name approval. Company name gets approved in few hours; a dream came true on July 24 2011.  Trademark became an integral part of Company name approval process as the decision on company name results from company name search in MCA and Trademark search in Trademark Registry.

All the restrictive clauses such as requirement of activity in the name, authorised capital requirement for key words are all been removed. Now the entrepreneur is free to name his/her company as long as it is not same or similar to an existing company or LLP or a registered trademark or a trademark for which an application is made.

August 13 2011 will be the Independence Day for Indian entrepreneur as the company registration becomes an automatic process (subject to conditions). If the company registration documents are certified by a professional such as Company Secretary in Practice, the company will get registered and the digitally signed certificate of registration will be issued by the Registrar of companies instantly. 

What more you need? Select your passionate name and go for registering your company. Pull your Identity and address proof and execute required documents and file with MCA. Have a cup of Coffee leisurely. By the time you finish your coffee break, your company will be registered and your Company Registration Certificate will be delivered in your mail box.

For more information write to  binoy@companiesinn.com
www.companiesinn.com

Comments

  1. www.companiesinn.com6 September 2011 at 11:23

    the proposed online process of company registration is withdrawn by MCA

    ReplyDelete

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