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October 2011

Online incorporation of companies within 24 hours will not be implemented.

By Gaurang Gandhi | Chartered Accountant
Reading Time 1 mins
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The Ministry of Corporate Affairs by General
Circular No. 61/2011, dated 5-9-2011, after re-examination of Circular
No. 49/2011 for incorporation of a company, has decided, that since
currently companies are being incorporated within 24-48 hours, online
approval of incorporation forms i.e., STP mode of approval of e-forms 1,
18 and 32 on the basis of certification and declarations given by the
practising professional will not be implemented as yet.
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