MCA invites comments for procedural simplification to start business
Published: Sep 27, 2017
By TIOLCORP News Service
NEW DELHI, SEPT 27, 2017: Ministry of Corporate Affairs (MCA) has invited public comments of the stakeholders on the consultation paper for integration of Name Reservation with SPICE eform under Companies Act, 2013.
During the past two years several initiatives have been taken by this Ministry including centralization of name reservation and incorporation services through establishment of Central Reservation Centre at Manesar. SPICe form has been introduced whereby the procedures of obtaining DIN by the proposed directors, name reservation, incorporation, allotment of PAN and TAN were integrated into one service facilitating incorporation of a company, thereby enabling starting a business in a day or two, which earlier used to take substantial time. However, availing DIN allotment or name reservation services independently is also simultaneously available to cater to those stakeholders who wish to proceed with incorporation in a piecemeal manner. Suggestions are invited from stakeholders for further simplification of processes aimed at further easing the starting of a business, which may be filed online at comments.nameintegration@mca.gov.in on or before November 05, 2017