Now file Company registration with Zero fees in India

This republic day will go to be very special for all the startup, small business and every person who wants to start to do company registration in India as the government has decided to make company registration completely free of cost. This could be one of the substantial steps ever taken by the government in this regard.
 

Free Company registration in India

Here is the list of all the steps taken and may be taken by the government in smoothing the company registration in India.

• All company registration will be free of cost up to an authorized capital of Rs.10 lakh.
• There will be the separate procedure to file company name.
• Company name approval will be filed without using digital signatures.
• A new service called Reserve Unique Name (RUN) will be launched.
• DIN will not be required to be a file for company name approval.
• DIN will be required only while filing the SPICE forms.

Free of Cost Service to all Companies

Company registration free of cost will apply to every type of company including private limited company, public limited company, One Person Company (OPC) etc. However, it is not clear whether the free service will also apply for LLP registration.

Other cost to be paid for Company Registration

Though the government has waived the fees for company registration final forms, but still there will be some cost which a person will need to bear which are as follows:

• DIN Fees of Rs.500 per Director
• DSC Fees of Rs.600 per promoter
• State Stamp duty which comes around between Rs.200 to Rs.10,000/- (Rs.10,00 stamp duty is for Punjab).
• Professional fees (Comes around between Rs.4,000 to Rs.15,000/-)
• Stamp paper and miscellanous cost comes around to Rs.500 to Rs.2000/- (Depends upon number of members).

How to claim free of cost company Registration

There is no direct procedure to claim the free company registration. You just need to hire a professional for company registration service and he will guide you accordingly. The professional will charge around 3000 to 4000 as his professional fees. But there will be no government fees if you the authorized capital is less than Rs.10 lakhs.

Direct Benefit to startups, Entrepreneurs

In other words, the government has taken a great step to ease the doing business in India. Further, here are some of the direct benefit that will accrue to every person who wants to start Company Registration in India.

• Simplified Procedure: The Company Registration procedure has been further simplified by the government and hence, now starting a business will be very easy. This step of government is welcomed by the complete Indian industry.
   

• Zero Company Registration Fees: Now, company registration will be free of cost government fees and hence, this is the right time to start the company registration in India.
   

• Reduced Time for Company registration: Now, with the simplified procedure, the ultimate time for company registration will be reduced substantially. It has been expected that documents requirement will also be reduced.

Conclusion

It is the beginning of the time when we will see India emerging as one of the most favored nations for starting a business. Let pray for the best and congratulate India and the government for their brilliant step in nation building.

For more info, please email us at info@hubco.in.

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