i.
|
No incorporation fee: up to Rs. 10 lakh capital.
|
ii.
|
Introduction of ‘RUN’: “Reserve Unique Name”. It is a one pager e-form into which one name of proposed company can be reserved without obtaining DIN and Digital Signature
|
iii.
|
Reduction of time limit for reservation of Name: from 60 days to 20 days.
|
iv.
|
No resubmission for reservation of Name: It can be either rejected or approved in one go.
|
v.
|
Simplified process for incorporation of company: by removing the requirement of affidavit with declaration from the proposed directors and promoters.
|
vi.
|
New process for obtaining DIN: combined SPICe form only at the time of an individual’s appointment as Director.
|