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ESTABLISHMENT OF PRINCIPAL PLACE OF BUSINESS IN INDIA BY FOREIGNCOMPANIES

01 May
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.
 

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