Company Registration is now free of cost

Start ups are the best option for the youngsters to show their talent in the business. India is an exemplary place to start a business with a mob of most business efficient people. India is a country that has become great for investment.

 

Small business or people with excellent business ideas have many opportunities to incorporate a business with no cost. In this blog we will get to know the process of its incorporation and the step taken by government of India for small enterprise or business to legalise and expand their business.

 

Free of cost company incorporation

 

Company registration in India has now become effortless. Here are certain steps which are taken by the Government to make incorporation of companies easy and flexible and they are as follows-

 

• Company can now be registered at zero cost up to an authorized cost of INR 20 Lakhs.
• Company name filing will have a procedure.
• Digital signature will not be required for company name approval.
• Reserve Unique Name (RUN) is a new service that has been launched by the Government.
• Director Name Approval (DIN) is not required for company name approval.
• Director Identification number (DIN) is required in case of Spice form filing.

 

Now register all type of companies free of cost

 

Free incorporation of companies brings transformation that makes things simpler and easy for business in India. All forms of companies i.e. Private Limited company, public Limited Company, One person company etc is free of cost

 

There are some cost which is required to be paid by people those will register company now. Here are certain points under which some entities will be chargeable with a basic amount and they are follows-

 

1. Director Identification Number (DIN) fees of Rs. 500 per Director.
2. Digital Signature Certificate (DSC) fees of Rs. 600/- per promoter.
3. State stamp duty which comes around from Rs. 200/- to Rs. 10,000/-.
4. Professional fees comes around from ( Rs. 5000/- to 14,000/-).
5. Stamp paper and miscellaneous cost comes around to Rs. 500/- to Rs. 2000/- (depends on the number of members).

 

Easy steps to claim free of cost company registration

 

It is very easy to register a company in india if the name chosen by a company is unique and now it is free of cost as well. But you need to follow a basic rule and should hire a professional to guide you in best possible way. Since there is no Direct procedure, therefore it is required for a company or any individual who wants to register its company name should hire a professional as their signatures are required. This process is also less time consuming.

 

Therefore free of cost company registration is just like a revolutionary step which is taken by Government of India. Business registration is one of the major benefits of country’s wealth. India secures the position in the top 10 economic nation in the world. Things will be built in a better way.