Fast track company incorporation

Fast track company incorporation is an expedited process for registering a company through the MCA's SPICe+ form. By pre-checking the company name and submitting a complete, error-free form, applications can be approved within 2-5 working days instead of the standard 7-15 days.

The legal process is the same - both use the SPICe+ form under the Companies Act, 2013. The difference is in preparation: fast track pre-checks the name against MCA and trademark databases, drafts all documents with CA review, and submits a zero-deficiency form. This reduces processing time from 7-15 days to 2-5 days.

The fastest route is SPICe+ fast track filing with a pre-checked unique name, complete documents, and CA review. With Bizeneed, this typically takes 2-5 working days from receiving complete documents. In some cases, same-day approval is possible when all conditions are met.

SPICe+ (Simplified Proforma for Incorporating Company) is a single integrated form introduced by MCA that combines: company incorporation, DIN allotment, PAN application, TAN application, and optionally GST registration. It replaces the need to file multiple separate forms.

No. Since 23 February 2020 a new company reserves its name in SPICe+ Part A; RUN (Reserve Unique Name) is now used only to change the name of an existing company. In the fast track route, name reservation (Part A) and incorporation (Part B) can be filed together in a single SPICe+ submission, saving 1-2 days.

The government fee for SPICe+ filing is Nil for authorized capital up to ₹10 lakh. DIN application costs ₹500 per director. DSC costs ₹1,000-2,000. There is no separate 'fast track fee' charged by the government - the speed comes from better preparation.

Yes, foreign nationals and NRIs can be directors in an Indian company under the fast track process. They need a Digital Signature Certificate (Class 3) and additional KYC documents like a notarised passport and address proof. At least one director must be a resident of India (stayed 182+ days in India in the previous financial year).

Common causes of SPICe+ rejection are: (1) Name similarity to an existing company or trademark, (2) Incomplete or incorrect DIN/DSC details, (3) Missing or incorrect MOA/AOA attachments, (4) Incorrect registered office details, (5) Director consent not properly executed. Pre-checking the name and CA review eliminate most of these issues.

We recommend submitting 2-3 alternative names in order of preference. The MCA approves the first available unique name. If your first choice is rejected, ROC checks the next alternative automatically - saving a re-filing cycle.

After receiving the Certificate of Incorporation with CIN, PAN, and TAN: (1) Open a current bank account in the company's name, (2) File Form INC-20A (commencement of business) within 180 days, (3) Issue share certificates to shareholders, (4) Hold the first board meeting within 30 days, (5) Appoint an auditor (Form ADT-1), (6) Begin annual compliance (AOC-4, MGT-7).

Fast track SPICe+ is available for Private Limited Companies, One Person Companies (OPCs), and Section 8 Companies. Public Limited Companies have a separate but similar expedited process. LLPs use a different incorporation form (Form 2 under LLP Act) and do not use SPICe+.

Class 2 DSC was previously required for MCA filings but has been deprecated. Class 3 DSC is now mandatory for all MCA filings including SPICe+. Class 3 DSC requires in-person verification (Aadhaar e-KYC or biometric verification at a certifying authority).

Yes. You can track your SPICe+ application status on the MCA portal (mca.gov.in) using the Service Request Number (SRN) generated after submission. At Bizeneed, we provide real-time WhatsApp/email updates at every stage.

We do not publish a success-rate figure. The most common reason for failure is name similarity - we mitigate this by checking against both the MCA and trademark databases.

No, the entire process can be completed online. Directors need to complete Aadhaar e-KYC for DIN and DSC. If e-KYC is not available (for foreign directors), biometric verification at an authorized certifying authority is required. All MCA filings are done digitally.