Government launches CRC to make company incorporation easier

NEW DELHI: The corporate affairs ministry has launched Central Registration Centre ( CRC) to speed up company incorporation related services.

The CRC will look into applications for name availability (INC-1 e-forms) submitted online across the country and will process these by the end of the next working day.

The process involves a three-pronged approach of further automating some of the approval processes by utilising advance software tools and engines, rationalising and modifying some of the rules and engaging professionals to expedite the process of manual scrutiny.

The exercise, aimed at making it easier for corporate to do business in the country, is expected to result in speedier processing of incorporation related applications and uniformity in application of rules. It will also be supplemented by intensive monitoring aimed at providing timely approvals.