Now register your new company with zero govt fees

On the occasion of the 69th Republic Day, wef 26 January 2018 the government has launched a new web based service by the name of RUN (Reserve Unique Name) where one can directly submit the application for reservation of company name without the requirement of digital signature and other details. A brief analysis of the new process is outlined below.

PROS:

This method is optional and one may choose to incorporate by the old procedure.

Application can be submitted without DSC or other requirements such as director details

No fees to be paid for SPICe form, Memorandum & Articles of Association.

DIN not required for filing RUN application.

No need to redo documentation if name is rejected as per SPICe form.

CONS:

Fees for filing RUN application shall be Rs. 1000. There is no resubmit option or the option to give multiple name options in order of preference. Which means you must keep trying till your name is approved which could incur significant costs if done improperly.

Validity is only 20 days. (new company) as compared to earlier 60 days.

Stamp duty is still payable depending upon state of incorporation.

CONCLUSION:

The entire incorporation is not completely ‘Free’ as some charges are still payable in form of RUN fee (Rs. 1000) and stamp duty. But it is still a welcome step from the government as the new procedure is optional.

Get in touch with one of our experts to help you sail smoothly through every step of the way and make sure you don’t waste precious time and money in the form of repetitive applications. Company registration in Pune at affordable cost and with competent advice.

Completed various post qualification courses hosted by Institute of Chartered Accountants of India (ICAI) such as  Information Systems Audit (DISA)  Concurrent Audit of Banks  Goods & Services Tax  Blockchain and other emerging technologies  Primarily handling Indirect Taxation vertical with focus on GST.  Proficient in handling litigation in legacy taxes such as MVAT & CST upto Maharashtra Sales Tax Tribunal stage.  Inventory audit of listed companies throughout various locations in Maharashtra.  Management consultancy and Tax planning services.  Advisory and consultancy to Startups on cash flow management, funding sources  Retirement and Inheritance planning, Estate management consultancy.  Experience in Capital gain taxation and tax planning  Specialization in E-commerce retail segment  Risk advisory  Bank Concurrent Audit Experience