Start LLP within 48 hours!
No
need to visit any Government office
Effective from 02nd October!
One
can start business by incorporating a company through an on-line process
without visiting any Government office. This was achieved in January, 2016 by
establishing Central Registry Centre (CRC) for on-line incorporation of the
company and reserving its unique name.
Two
on-line forms that were introduced for the purpose are Simplified Proforma for
Incorporating Company Electronically (SPICe) and Reserve Unique Name (RUN).
Today, as part of online process for company incorporation, PAN and TAN are
issued on near real time basis by integrating online process with the department
of Income Tax.
Through
process re-engineering, DIN is also allotted to the individuals at the time of
their appointment as Director in the Company. Every week, 2700 number of
companies are incorporated through online company incorporation system.
Ministry
of Corporate Affairs has thus contributed significantly towards ‘Ease of Doing
Business’ in the country as today, a company can be incorporated in less than
two days along with allotment of PAN, TAN, DIN and Unique Name through the
online process. Our endeavor is that very soon; this entire process doesn’t
take more than one day.
Ministry
of Corporate Affairs has launched another process re-engineering by making
incorporation of Limited Liability Partnership (LLP) through a complete online
system. From today onwards through a web service titled “RUN-LLP (Reserve
Unique Name – Limited Liability Partnership)”. Name can also be allotted to LLP
through an e-form titled “FiLiP (Form for incorporation of Limited Liability
Partnership).
The
Limited Liability Partnership Rules have been amended on 18th September 2018
which would come into effect from 02nd October 2018. The said amendment rules
contain changes as detailed below:
(i)Introduction of a Web Service titled
‘RUN-LLP (Reserve Unique Name – Limited Liability Partnership)’ replacing the erstwhile Form 1
(Application for reservation or change of name).
(ii)Introduction of a new integrated Form
christened FiLLiP (Form for incorporation of Limited Liability Partnership) replacing the erstwhile Form
2 (Incorporation document and subscriber’s statement) combining therein 3 services i.e.,
a) Name
reservation.
b) Allotment
of Designated Partner Identification Number (DPIN/DIN).
c) Incorporation
of the LLP.
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