With the Ministry of corporate affairs strengthing its centralised processing centre, to meet the demand and ease of doing business, The MCA is regularly updating the Incorporation forms with new forms spice 32 now there is no need of any offline AOA and MOA, Also now you can get the PAN and TAN along with the Incorporation Certificate. The turn around time has also been reduced drastically now from Name application till Incorporation you can get your company registered in 7-10 Days.
But still there is lot to be done for ease of doing business especially for ESIC and PF and all other state licensee which needs to be taken like Municipal Lincesee and Shop and Eastablishment certficate.
As we are going for GST one Nation one Tax there is also need of One Nation One Stamp Duty. For ROC – Incorporation of Companies every states has different Stamp Duty and there is no parity among states, With Highest Stamp duty in Punjab of Rs 10025 for OPC and small company with Rs 100000 Share capital followed by Madhya Pradesh Rs 7550.00 and all other States are ranging from 3000 to 4000, The Stamp duty of Punjab and Madhya Pradesh is really on the higher side as compared to other states.
Below is the comparitive chart of ROC fees with stamp Duty of all States and UT- Date is based on MCA Website
Apart from above there are other cost associated with company formation like Name approval and Refistration of Premises. Both Punjab and Madhya Pradesh Stamp Duty is not only very high but it is also sending worng signals.