24 Hour Incorporation in India - A Lost Dream
Ministry of Corporate Affairs (MCA) vide General Circular No. 49 /2011 Dated the 23rd
July, 2011 has announced that the simplified process of online incorporation of
companies as detailed in the said circular was is likely to be implemented with effect
from 11th August, 2011 and has published advertisements in different news papers
across country.
Vide General Circular No. 61/2011 dated the 5th Sept, 2011, the Ministry has stated the
following:
…………………… since now companies are being incorporated within 24-48 hours, online
approval of incorporation forms i.e. STP mode of approval ……………. is not
going to be implemented yet.
MCA has taken a hasty decision and we have to identify the real reasons for this
withdrawal.
The documents / details obtained from MCA under RTI Act can be seen from following Link attached.
Ministry of Corporate Affairs (MCA) vide General Circular No. 49 /2011 Dated the 23rd
July, 2011 has announced that the simplified process of online incorporation of
companies as detailed in the said circular was is likely to be implemented with effect
from 11th August, 2011 and has published advertisements in different news papers
across country.
Vide General Circular No. 61/2011 dated the 5th Sept, 2011, the Ministry has stated the
following:
…………………… since now companies are being incorporated within 24-48 hours, online
approval of incorporation forms i.e. STP mode of approval ……………. is not
going to be implemented yet.
MCA has taken a hasty decision and we have to identify the real reasons for this
withdrawal.
The documents / details obtained from MCA under RTI Act can be seen from following Link attached.
https://app.box.com/files/0/f/2879773847/1/f_24440991081
Executive Summary of the
Information Received under RTI Act:Withdrawal of Online Company Incorporation
in 24 hours
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