{"id":5907,"date":"2017-10-02T12:06:41","date_gmt":"2017-10-02T12:06:41","guid":{"rendered":"https:\/\/sunkrish.com\/?p=5907"},"modified":"2022-06-04T11:35:20","modified_gmt":"2022-06-04T11:35:20","slug":"mca-plans-to-ease-process-for-starting-biz","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2017\/10\/02\/mca-plans-to-ease-process-for-starting-biz\/","title":{"rendered":"MCA plans to ease process for starting biz"},"content":{"rendered":"
\"\"<\/a>
MCA had taken another bold initiative in Government Process Re-engineering (GPR) and launched Simplified proforma for Incorporating Company Electronically (SPICe) e-Form.<\/strong><\/span><\/figcaption><\/figure>\n

The Ministry of Corporate Affairs plans to simplify the existing processes for setting up a company, according to a public notice.<\/p>\n

In this regard, the ministry — which is implementing the Companies Act — has sought views from the stakeholders.<\/p>\n

<\/div>\n

The government has already centralised name reservation and incorporation services. There were more than 11.34 lakh active companies at the end of August.<\/span><\/p>\n

Now, comments have been sought for “further simplification of processes aimed at further easing the starting of a business,” the ministry said in a public notice.<\/p>\n

Registration of new companies is being done by way of the integrated SPICe<\/a> form.<\/p>\n

The procedures for obtaining DIN (Director Identification Number) by the proposed directors, name reservation, incorporation as well as allotment of PAN and TAN have been integrated — a move that brings down the time taken for starting a new business under the companies law.<\/p>\n

According to the notice, DIN allotment or name reservation services can also be done independently by stakeholders “who wish to proceed with incorporation in a piecemeal manner.<\/p>\n

Stakeholders can submit their comments to the ministry by November 5.<\/p>\n

SPICe<\/a> (Simplified Proforma for Incorporating a Company Electronically) is aimed at providing speedy incorporation related services.<\/p>\n

 <\/p>\nRead More about SPICe (Simplified Proforma for Incorporating a Company Electronically)<\/a>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Ministry of Corporate Affairs plans to simplify the existing processes for setting up a company, according to a public notice. In this regard, the ministry — which is implementing the Companies Act — has sought views from the stakeholders. … Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3446,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[490,15,4,493],"tags":[619,290,950,298,296,484,993,943],"class_list":["post-5907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-incorporations-e-filing-of-mca-returns","category-corporate-business-advisory-services","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","tag-companies-act-2013","tag-company-incorporation","tag-director-identification-number-din","tag-ease-of-doing-business","tag-ministry-of-corporate-affairs-mca","tag-permanent-account-number-pan","tag-spice","tag-tax-deduction-account-numbers-tan"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/5907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=5907"}],"version-history":[{"count":12,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/5907\/revisions"}],"predecessor-version":[{"id":9637,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/5907\/revisions\/9637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3446"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=5907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=5907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=5907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}