Online Incorporation of Companies within 24 hours revisited
MCA has vide its General Circular no. 61/2011 dated 05th September 2011 issued a clarification to its earlier General Circular No. 49/2011 dated 23rd July, 2011 which provided for the online incorporation of Companies within 24 hours. The earlier circular stated that, if the e-forms 1, 18, 32 and e-form for Memorandum of Association (MOA) and Articles of Association (AOA) have been certified by the practicing professional regarding the correctness of the information and declarations given by the subscribers, then the application shall be processed electronically and the digital Certificate of Incorporation shall be issued immediately online by the Registrar of Companies.
The matter was revisited and considering the fact that nowadays, the companies are already being incorporated within 24-48 days, the proposal of such online approval has been reverted.
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