The World Bank’s ‘Doing Business’ Report 2015 revealed that India ranks a dismal 142 of 189 nations, in the ease of doing business index. In a bid to make India an attractive business hub, the government is taking some positive steps. This month, the Ministry of Corporate Affairs (MCA) has introduced a key reform for potential entrepreneurs in India. To simplify and fast track the procedure for company registration in India, the Ministry of Corporate Affairs (MCA) has introduced Form INC-29 – Integrated Incorporation Form.

Previously, registering a company in India involved multiple steps. Form INC-29 Company Registration has merged the process of getting Director Identification Number (DIN), Name Approval and Incorporation application into a single process – thereby considerably reducing the time taken to establish a company in India. Before the introduction of form INC-29, company registration in India required filling of multiple documents, which was a time consuming process. With the introduction of this new form, a company registration in India can be completed within a week, as many of the steps have been combined.

INC-29 will provide applicants a facility to avail of the following services through a single e-form:

1. Allotment of Director Identification Number (DIN)
   
   
2. Name of a Company
   
   
3. Incorporation of Company
   
   
4. Apply for PAN
   
   
5. Apply for TAN
   
   
6. Apply for ESIC
   
   

INC 29 can be used for registering one person, private, public and producer companies.

The introduction of INC-29 is a step in the right direction and it is indicative of the government’s commitment to introduce initiatives that reduce red tape and provide a convivial environment for start-ups and small businesses.

You can download INC-29 here.