Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
The decision to start a business is huge. Before making a decision to start a new business, we must consider the pros and cons of the business. We should consider all the aspects of the business in which you are entering.
Starting a business in India in the current scenario is going to be beneficial to the government of India, which is taking various measures to improve the business condition of the country. The current ranking of India for ease of business is 63rd out of 190 countries.
The objective is to bring India among the top 50 nations in which doing business is easy and beneficial. Make in India and Start-up India Action Plan are the initiatives taken by the Prime Minister to reach the goal of getting into top 50 business friendly nations.
To promote investment in Indian businesses, the government is encouraging Foreign Direct Investment. The government has made many policies to encourage FDI. FDI is allowed up to 100% in most of the sectors except for the sectors which are capped.
Table of Contents
The government is making efforts to ease up the process of starting a business in India. SPICe is used to ease the process of incorporating a business in India. The form SPICe+ replaces the existing SPICe form. For all new company incorporations, online filing of SPICe+ form is required.
SPICe is Simplified Performa of Incorporation of Company Electronically. It has replaced the previously lengthy process of incorporation. It has reduced the cost of incorporation of companies and also is saving time by doing incorporation through a single window application.
SPICe+ form looks to offer around 10 services by three Central Government Ministries and Departments. This form is an integrated web form with a single window for numerous services. Other forms that are required to be filed along with SPICe+ form include AGILE PRO, SPICe+ AOA and SPICe+ MOA.
The new integrated web form provides for the following:
Part A- Name Reservation
Part B-
To incorporate a new company under SPICe+, we cover the following aspects:
The advantages are as follows:
SPICe+ has made starting a business in India easy. It is a completely online process which saves us from a lot of paperwork and visits to the offices of a register. Company Registration through SPICe+ has made the implementation of compliance easy and user-friendly.
The easy process of registration of a business attracts investors to start a business in India. Approximately, more than one Lakh companies are registered in India every year. More than 9,000 companies are registered every month.
Read our article:E-Form MGT-14: Its Concept and the Procedure for Filing it
A joint venture is a strategic business arrangement in which two or more companies collaborate...
With the rising inflation rates and various other economic factors, wealthy Americans are incre...
Before approaching the new suppliers or any other third parties, you should always go for the v...
With the increasing landscape of Fintech Companies, it is increasingly vital that fintech compl...
This blog gives a detailed description through an audit report for industrial waste by examinin...
Are you human?: 2 + 6 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
The Real Estate (Regulation and Development) Act of 2016 was enforced from 2017. It was implemented to guide and su...
30 Nov, 2020
NRI Investment in Private Limited Company - NRI stands for Non-Resident Indians. As per FEMA Act, 1999 Non-resident...
31 Mar, 2023
Chat on Whatsapp
Hey I'm Suman. Let's Talk!