Friday, May 1, 2015

INC-29: Integrated e-Form for Incorporation of Company in India

The Ministry of Corporate Affairs has introduced a new integrated e-form INC-29 w.e.t 1st May. 2015. 
INC-29 will be available for incorporating of companies other than section 8 companies and will accommodate applications for up to three new DIN applicants who will be Directors of the company being incorporated. 

In addition e-Forms INC-30 and INC-31 are also being made available for the purposes of Memorandum of Association (MoA) and Articles of Association (AoA) to be attached with INC-29. 

The Instruction kit for filling the e-forms INC-29. INC-30 and INC 31 may be accessed on the MCA21 portal. 
Standalone e-Forms DIR-3. INC-1 and INC-2 or INC-7 for DIN, Name Reservation and Incorporation of a company will continue to be available as before for stakeholders wanting to avail these services separately. 

For any further queries or difficulties, helpdesk facility of the MCA21 portal may be contacted at appl.helpdesk@mca.gov.in or at 0124-4832500.

In pursuance of sections 4,7,12,152 and 153 of the Companies Act, 2013 read with rules made there under)

Purpose of the eForm –
eForm INC-29 deals with the single application for reservation of name, incorporation of a new company and/or application for allotment of DIN. This eForm is accompanied by supporting documents including details of Directors & subscribers, MoA and AoA etc. Once the eForm is processed and found complete, company would registered and CIN would be allocated. Also DINs gets issued to the proposed Directors who do not have a valid DIN. Maximum three Directors are allowed for using this integrated form for allotment of DIN while  incorporating a company.
INC-29 is a Integrated incorporation Form and will provide applicants a facility to avail of the following services through a single e-form.
  1. Allotment of Director Identification No. (DIN) (Max. 3 Directors)
  2. Name of a Company; and
  3. Incorporation of Company.

** SECTION-8 COMPANY CAN’T INCORPORATED BY INC-29.

INFORMATION REQUIRED TO BE MENTION IN FORM INC-29:
  • Main division of industrial activity of the company
  • Authorized Capital of Company
    • No. of Shares
    • Amount per shares
  • Subscribe Capital of Company
  • of Shares
  • Amount per shares
  • Correspondence address of Company (This address may be registered office address or not).
  • Particular of Proposed Name of Company
    • Proposed Name
    • Significant of abbreviated or coined word in the proposed name
  • Number of first subscriber(s) to MOA and directors of the company
    • Detail of Total No. of Directors
    • No. of Directors having DIN
    • of Directors Not having DIN
  • Detail of Total No. of Subscribers
    • No. of Subscribers having DIN
    • No. of Subscribers Not having DIN
  • If Director/Subscriber having DIN
    • DIN
    • Designation & Category
    • Email ID
    • No. of Share Subscribe
    • Directorship in other companies
    • No. of Subscriber Shares
  • If Director/Subscriber NOT having DIN (DIN will also generate by these Information)
    • Name & Father Name of Person
    • Date of Birth & Place of Birth
    • Occupation Type
    • Education Qualification
    • PAN
    • Complete Address
    • Mobile No.
    • Duration of Stay at present address
    • Designation & Category
    • Attachments:
      • Proof of Identity (Voter/Driving/Passpor/Aadhar)
      • Residential Proof (Bank Statement/ Electricity/Telephone/Mobile Bill)
    • of Subscriber Shares
“When the e-Form is processed and DIN is generated, an acknowledgement email of DIN generation is sent to the director.”
Mandatory Attachments if DIN is applying:
  • Proof of identity & residential address of subscribers;
  • Proof of identity and address of Applicant
  • Apply PAN/TAN: (PAN automatically apply by these info’s)
    • Area Code
    • AO type
    • Range Code
    • AO No.
  • Source of Income:
    • Income from Business/profession
    • Capital Gains
    • Income from house property
    • Income from other source
    • No Income
  • Additional Information for Employer registration under Employee State Insurance Corporation (ESIC):
    • Type of Unit (Factory/Establishment)
    • Exact nature of Work/Business carried on
    • Work Sub category
MANDATORY ATTACHMENTS:
  • Memorandum of association
  • Articles of Association;
  • Affidavit and declaration by first subscriber(s) and director(s);;
  • Proof of Office address (Conveyance/ Lease deed/ Rent Agreement etc. along with rent receipts);
  • Copy of the utility bills (not older than two months)
NOTE:
  • The e-Form will not be auto approved (STP).
  • Companies have option to go by route of e-form INC-29 or earlier route INC-1, INC-7, DIR-12 and INC-22.
  • Director has to give declaration at the end of the form that he have check the name on MCA website and Trade Mark Website.
  • DSC of Director will be affix on form. {In case of director don’t have DIN then mention PAN No. of director at the place of affixing of DSC)
  • DSC of professional will also affix on the form.
  • Fee for Form Rs. 2000/-
  • List of main divisions of industrial activities given as Annexure A in the instruction Kit of INC-29.

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