Process of Incorporation of Companies (Form- 1) and Establishment of Principal Place of Business in India by foreign companies (Form- 44) – procedure simplified
March 25, 2011
Ministry of Corporate Affairs vide General Circular No. 6/2011 dated 8th March, 2011 has simplified the procedure for the Incorporation of the Companies. With effect of this Circular, only the application in Form 1 will be approved by the ROC office and other incorporation forms such as notice of situation of registered office (Form 18) and particulars of appointment of directors (Form 32), will be processed by the system online. With simplification of the approval process, MCA expects that the average time taken for incorporation of company shall reduce to one (1) day only.