PROCESS OF INCORPORATION OF COMPANIES (FORM-1) AND ESTABLISHMENT OF PRINCIPAL PLACE OF BUSINESS IN INDIA BY FOREIGN COMPANIES The MCA has issued General Circular No. 6/2011 dtd. 08.03.2011 stating that the MCA has received various representations regarding time taken by the Registrar of Companies for registration of Form-1 and Form-44 which the MCA has got the same examined by the Business Process Reengineering Group under MCA-21 and in order to speed up and simplify the process of incorporation of companies and establishment of principal place of business in India by foreign companies for reduction in time taken by the Registrar of Companies, the following procedure is recommended : • only Form-1 shall be approved by the RoC Office. Forms 18 and 32 shall be processed by the systemonline • there shall be one more category, i.e., incorporation forms (Form 1A, Form 37, 39, 44 and 68) which will have the highest priority for approval • average time taken for incorporation of a company should be reduced to one (1) day only. Simultaneously, the MCA has made minor changes in e-forms 18 and 32 to enable them to be taken on record through the STP mode for the above procedure and a notification will be issued separately to amend these forms.
ESTABLISHMENT OF PRINCIPAL PLACE OF BUSINESS IN INDIA BY FOREIGNCOMPANIES