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Is formation of a Company through new form INC 29 is expensive ?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

Is formation of a Company through new form INC 29 is expensive than old procedure ? Which is better option ?

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4 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Dear friend, --As per new procedure form INC-29, such procedure is less expensive while compare to old procedure. but while selecting the name and compliance with other documentation you should take precaution because the re-filing of inc-29 can be done only three time maximum and after that you are required to file fresh form. and also inc-29 can be used only for maximum obtaining din three. if you have more than three promoter and director who have no din than you should use old procedure or obtain din separately . --In INC 29 one major benefit is that if you are about to appoint the director who doesn't have DIN number, then we get the DIN in that same form. But in case you are appointing the directors who have the DIN number then it is better to go with old procedure, because the information in both the forms are more or less same but you are sure that in case of any explanation required in old procedure, you can get multiple chances while this is not the case in INC 29.

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Data?1494421636 answered

Form INC 29 is one single form whereby we get all in one services. Here one care needs to be taken that all the information required should be correct and accurate as ROC gives only one chance to correct or resubmit the form and then after no changes or correction are accepted by the ROC and your forms will not taken into consideration. One more care you have to take that in this form only one name is selected instead of that 6 names in old procedure. Old procedure is monetary wise somewhat expensive and take somewhat more time but if your in case you are not sure of any information filled in INC 29, it is better to follow the old procedure. In INC 29 one major benefit is that if you are about to appoint the director who doesn't have DIN number, then we get the DIN in that same form. But in case you are appointing the directors who have the DIN number then it is better to go with old procedure, because the information in both the forms are more or less same but you are sure that in case of any explanation required in old procedure, you can get multiple chances while this is not the case in INC 29.

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Open uri20170510 32134 117xyds?1494421825 answered

hello, this is a new formknown as INC 29 and it replaces the earlier process of filing the several formsfor incorporating a new comapny. the INC29 is 5in1form for company registration combines the application for DIN allotment, name reservation, incorporation and even PAN and TAN while making the process is cheaper. as the entire incorporation process is in one form compared to old process it saves your lot of time if properly implemented earlier form filing process: 1.aplication for obtain a DIN 2. approving the name of company 3. A separate form for registration of company 4. form INC 22 for sharing the details about registred comapny 5. A separate from which should send to ever director now filing the form 1.allotment of director identifucation number 2. name of company 3.incorporation of company

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Dear Preetham, As per new procedure form INC-29, such procedure is less expensive while compare to old procedure. but while selecting the name and compliance with other documentation you should take precaution because the re-filing of inc-29 can be done only three time maximum and after that you are required to file fresh form. and also inc-29 can be used only for maximum obtaining din three. if you have more than three promoter and director who have no din than you should use old procedure or obtain din sepreatly. Any other query feel free to contact us Writer CA Chitranjan Agarwal

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