Its Republic day gift to New startups
Ministry of Corporate Affairs has completely made fees charged by the central government for the new private limited company to almost Zero.
The only limitations are the company authorized capital should not exceed Rs. 10,00,000.
Only state government stamp duty should be paid for new private limited company registration.
Fees for MOA, AOA, Spice is completely waived off.
Estimated company registration costs other than professional fees.
1. Stamp papers charges – Rs. 100 (Tamilnadu)
2. Notary Charges – Rs. 500.
3. Stamp Duty – Rs.520 (Tamilnadu).
4. Digital Signatures for two directors – 1200 / Director.
Another welcoming move is RUN service for company name approval, there is no need to upload forms and add a digital signature.
This move was towards significant steps to rank India in top 50 countries in ease of doing business.
Already MCA had reached a milestone of NEW private limited company registration in one day with pan and TAN.