MCA to Allow Company Registration Online in 24 Hours

Posted In India - By NitiN Kumar Jain On Saturday, July 30th, 2011 With 0 Comments

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In an effort to make registration of companies easy for entrepreneurs, Ministry of Corporate Affairs (MCA) has simplified the procedure for individuals / groups to incorporate a company within 24 hours with effect from 11th August 2011 and that too online.

The Ministry has already implemented online approval of Director’s Identification Number (DIN) with June 12, 2011 and names of the companies have been made available online from 24 July, 2011.

The Ministry also said that if any company is found to be providing incorrect information, the Registrar has the complete authority to take necessary action to put the company in suspended state.

Here’s the official guidelines issued:

  • Online allotment of Directors Identification Number (DIN) by the system immediately.
  • Online application and approval of Name by the system immediately.
  • Online filling and registration of incorporation forms and e-form of memorandum an articles of Association with digital signatures of promoters and professionals by the system immediately.
  • Online issue of incorporation certificates by ROC under his digital signature within 24 hours on incorporation.

Here’s the formal announcement: