Form INC-29 Fast Track Company Registration

Know more about the Form INC-29. It is a unified online form introduced by the MCA in 2015 to simplify the process of company registration. Read right away.

What is Form INC-29?

Form INC-29, often referred to as the Integrated Incorporation Form, is a document used for fast-track company registration in India. It was introduced by the Ministry of Corporate Affairs (MCA) to simplify and expedite the process of incorporating a company by consolidating multiple forms and processes into a single form.

How Can Inc-29 Be Used for Fast Track Registration of the Company?

 To use the INC-29 Form for company registration, follow these steps:

1. Name Reservation:

   Start by applying for the reservation of the proposed company name. This can be done through the Ministry of Corporate Affairs portal. Ensure the name adheres to naming guidelines, similar to the process followed during online company registration.

2. Complete Form INC-29:

   Fill out Form INC-29 with all the necessary details, including the registered office address, directors’ information, share capital details, and other relevant information

3. Attach Required Documents:

   Ensure you attach all the necessary documents, such as identity proof, address proof, and photographs of the directors, as well as the Memorandum of Association (MOA) and Articles of Association (AOA)

4. Payment of Fees:

   Pay the prescribed fees for incorporation as mentioned in the Companies (Registration Offices and Fees) Rules, 2014

5. Submission:

   Submit the completed Form INC-29 along with the necessary documents and fees electronically through the MCA portal

6. Approval:

   Once the MCA processes your application and documents, they will review and approve the incorporation. If everything is in order, you will receive the Certificate of Incorporation.

Companies Registered Using Form INC-29

INC-29 Form for company registration has been used to register various types of companies across industries in India. This form has significantly expedited the incorporation process, making it popular among startups and small businesses seeking fast and efficient registration.

Procedure for Fast Track Company Registration using Form INC-29

The procedure for fast-track company registration using Form INC-29 in India involves several steps, which are designed to simplify and expedite the incorporation process. 

Here’s a detailed breakdown of the procedure:

1. Name Reservation:

• Start by applying for the reservation of the proposed company name through the Ministry of Corporate Affairs (MCA) portal. Choose a unique name that adheres to naming guidelines, similar to the process for Pvt Ltd registration.
• You can submit up to 6 preferred names in order of preference. The name approval process typically takes a few hours or days, depending on the workload of the MCA.

2. Complete Form INC-29:

• After receiving name approval, you need to fill out an INC-29 Form for company registration with all the necessary details. This form consolidates various company registration processes into one.
• Provide information such as the registered office address, details of directors and subscribers, share capital details, and other relevant company information.
• Ensure that all information provided in the form is accurate and up-to-date.

3. Attach Required Documents:

• Attach all the necessary documents as per the checklist provided in form inc-29. The required documents typically include:
  • Identity proof and address proof of directors and subscribers.
  • Passport-sized photographs of directors.
  • Memorandum of Association (MOA) and Articles of Association (AOA) of the company.
  • Proof of registered office address (e.g., rent agreement or utility bill).
  • Affidavit and declaration by first subscribers and directors.

4. Payment of Fees:

• Pay the prescribed fees for incorporation as mentioned in the Companies (Registration Offices and Fees) Rules, 2014. The fee structure may vary depending on the authorized capital of the company.
• Make the payment electronically through the MCA portal using a valid payment method.

5. Submission:

• Once the form is completely filled out, all documents are attached and fees are paid, submit form inc-29 electronically through the MCA portal.
• Double-check all the information to ensure accuracy, as errors can lead to delays in the registration process.

6. Review and Approval:

• The MCA will review your application and documents for compliance with all legal requirements.
• If everything is in order, and there are no discrepancies, the MCA will approve the incorporation of your company.
• You will receive the Certificate of Incorporation, which signifies that your company is now officially registered.

7. PAN and TAN Application:

• After receiving the Certificate of Incorporation, you can apply for the company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) through the respective authorities.

8. Commence Business Operations:

• With the Certificate of Incorporation and necessary tax registrations in hand, you can legally commence your business operations.

Form INC 29 FAQs

What does Inc mean in certificate?

Inc in a certificate typically stands for Incorporated. When you see Inc on a certificate, it signifies that the entity holding the certificate has been legally incorporated as a business or company. In the context of business and corporate law, incorporation refers to the process of forming a legal entity, such as a corporation or a company, that is distinct from its owners (shareholders or members). The Inc designation is often used in the United States and some other countries to indicate that a business is a legally recognized corporate entity.

What is the difference between INC 29 and INC 32?

Both INC 29 form mca and INC 32 are forms used for the incorporation of companies in India, but they serve slightly different purposes and have different features:

• INC 29 (Integrated Incorporation Form): This form, as discussed earlier, is designed to streamline the company registration process by consolidating multiple forms and processes into a single form. It allows for the incorporation of a company, application for Director Identification Number (DIN), and application for the company's Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) in one go. INC 29 was introduced to simplify and expedite the incorporation process.
• INC 32 (Simplified Proforma for Incorporating Company Electronically): INC 32 is a form introduced under the Companies Act, 2013, to further simplify the incorporation process. It allows for the incorporation of a company with a single application for name reservation, incorporation of a new company, and application for PAN and TAN. INC 32 aims to make the process even more efficient and reduce paperwork.

In summary, both INC 29 and INC 32 are designed to simplify company incorporation in India, but INC 32 is a more recent form that offers similar benefits with a focus on electronic filing and automation.

What is Rule 28 of the Companies Act?

As of my last knowledge update in September 2021, Rule 28 of the Companies (Incorporation) Rules, 2014, pertains to the issue of the certificate of incorporation by the Registrar of Companies (RoC) in India. Rule 28 specifies the following:

• The RoC should issue a certificate of incorporation in the prescribed form (commonly referred to as the Certificate of Incorporation) when a company is successfully registered.
• This certificate serves as legal proof of the company's existence and its incorporation under the Companies Act, 2013.

Please note that laws and regulations may change over time, and it's essential to refer to the most current and updated legal sources or consult with legal professionals for the latest information on Rule 28 or any other provisions of the Companies Act.