Simplified Proforma for Incorporating Company Electronically (SPICe)-Though sounds spicy but Government hidden initiative is to make the whole incorporation process Short and Sweet
Growth and expansion are key goals for most business owners and entrepreneurs. Whenever any business owner wishes to establish its footprints in India, the first and the foremost thing required for him is to get the legal status for his business which is recognized in the local laws. The most popular, recognized and safe way to expand and establish a business in India is through incorporating a Company under the Companies Act, 2013. In past years incorporating a Company was a big deal and challenge as the process was very complicated and time consuming. The need was felt from a long time to make the process simplified and less time consuming.