May Day brings single-form registration for new businesses

In the stride to setting businesses easier in India, the government launched single-form for registration of new business. Entrepreneurs will now have to submit only one registration form, which counted to eight until now. The objective behind the move is reducing red tape in the incorporation of business and enhancing global ease of doing business in India.

 

INC-29, as the new form is being called, will make compliance and reporting easier. The modified version of e-forms INC-7 and INC-22, INC-29 will be made available online on the website of Ministry of Corporate Affairs.