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Incorporation Amendment

Incorporation Amendment
Geeta Bansal

To encourage startups and improve ease of doing business in India, the Ministry of Corporate Affairs (MCA) has exempted incorporation fee for firms having share capital up to Rs 15 lakh. Earlier, the companies with initial authorized capital up to Rs 10 lakh were exempted from any MCA fee on Incorporation and only stamp duty was applicable. The notification will be in effect from March 18, 2019.

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