The Ministry of Corporate Affairs (MCA) has announced its integration with the National Single Window System (NSWS) for the hassle-free incorporation of companies and limited liability partnerships (LLPs). This integration is a significant step towards making the process of business incorporation easier and more efficient for entrepreneurs.
What is the National Single Window System (NSWS)?
The National Single Window System (NSWS) is a government initiative that aims to streamline and centralize various approvals and clearances required at both the central and state levels. The NSWS portal provides a single platform for businesses to submit their applications and track their progress.
Benefits of incorporating a company or LLP through the NSWS portal
There are a number of benefits to incorporating a company or LLP through the NSWS portal, including:
- Single platform: Businesses can submit their applications and track their progress through a single platform, which saves time and effort.
- Reduced time and effort: The integration of the MCA with the NSWS portal is expected to reduce the time and effort required to incorporate a company or LLP by up to 50%.
- Improved transparency and accountability: The NSWS portal provides a transparent and accountable process for business incorporation. Businesses can track the status of their applications and receive timely updates.
- Increased ease of doing business: The integration of the MCA with the NSWS portal is a step towards making the process of doing business in India easier.
How to incorporate a company or LLP through the NSWS portal
To incorporate a company or LLP through the NSWS portal, businesses will need to follow these steps:
- Create an account on the NSWS portal.
- Select the type of business entity you want to incorporate (company or LLP).
- Fill out the required application form.
- Upload the required documents.
- Pay the applicable fees.
- Submit your application.
Once your application has been submitted, it will be processed by the MCA. You will be notified of the status of your application through the NSWS portal.
Practical guide for incorporating a company or LLP through the NSWS portal
Here is a practical guide for incorporating a company or LLP through the NSWS portal:
- Create an account on the NSWS portal: To create an account on the NSWS portal, go to the NSWS website and click on the “Register” button. Enter the required details, such as your name, email address, and mobile number. Once you have created your account, you will receive a confirmation email.
- Select the type of business entity you want to incorporate: Once you have logged in to your NSWS account, you will need to select the type of business entity you want to incorporate (company or LLP).
- Fill out the required application form: Once you have selected the type of business entity you want to incorporate, you will need to fill out the required application form. The application form will ask for information such as the name of your business, the type of business activity, the names of the directors or partners, and the registered office address of your business.
- Upload the required documents: In addition to the application form, you will also need to upload the required documents. The required documents vary depending on the type of business entity you are incorporating. However, some common documents include the following:
- Memorandum of Association (MOA) and Articles of Association (AOA) for companies
- LLP Agreement for LLPs
- PAN card and Aadhaar card of the directors or partners
- Proof of registered office address
- Pay the applicable fees: Once you have filled out the application form and uploaded the required documents, you will need to pay the applicable fees. The applicable fees vary depending on the type of business entity you are incorporating.
- Submit your application: Once you have paid the applicable fees, you can submit your application. On successful submission, you will receive a confirmation email.
Processing of applications submitted through the NSWS portal
Once you have submitted your application through the NSWS portal, it will be processed by the MCA. The MCA will review your application and check for any errors or omissions. If your application is complete and error-free, it will be approved. However, if your application is incomplete or contains errors, the MCA will request you to submit additional information or make corrections.
Notification of status of application
You will be notified of the status of your application through the NSWS portal. You can check the status of your application by logging in to your NSWS account and clicking on the “My Applications” tab.
What Services are Now Available on National Single Window System (NSWS)?
- Company and LLP Incorporation: Entrepreneurs can now incorporate their companies and LLPs through the NSWS portal. This includes the following steps:
- Name reservation
- Digital Signature Certificate (DSC) generation
- Preparation of Memorandum of Association (MOA) and Articles of Association (AOA) for companies
- Preparation of LLP Agreement for LLPs
- Submission of application forms and documents
- Payment of fees
- Obtaining incorporation certificate
- Industrial Approvals: The NSWS portal also provides a single platform for obtaining various industrial approvals from the central and state governments. This includes the following approvals:
- Environmental Clearance (EC)
- Industrial License
- Certificate of Entitlement (COE)
- Construction Permit
- Fire Safety Clearance
- Electricity Connection
- Water Connection
- Import-Export Clearance: The NSWS portal also provides a single platform for obtaining import and export clearances from the Customs Department and other relevant government agencies. This includes the following clearances:
- Bill of Entry (BE)
- Bill of Lading (BL)
- Shipping Bill
- Customs Declaration Form (CDF)
In addition to the above services, the NSWS portal also provides a number of other services, such as:
- Know Your Approvals: The Know Your Approvals (KYA) module on the NSWS portal provides information on the various approvals required to start and operate a business in India.
- Application Tracking: The NSWS portal allows businesses to track the status of their applications in real time.
- Payment Gateway: The NSWS portal provides a secure payment gateway for businesses to pay the applicable fees for various approvals and services.
- Document Repository: The NSWS portal provides a secure document repository for businesses to store their documents.
The NSWS portal is still under development, and more services are expected to be added in the future. The government is also working to integrate the NSWS portal with other government systems, such as the e-Office system and the Goods and Services Tax Network (GSTN).
Benefits of using the NSWS portal
There are a number of benefits to using the NSWS portal, including:
- Convenience: The NSWS portal provides a single platform for businesses to obtain various approvals and services. This saves businesses time and effort.
- Transparency: The NSWS portal provides a transparent process for obtaining approvals and services. Businesses can track the status of their applications in real time.
- Efficiency: The NSWS portal is expected to reduce the time and effort required to obtain approvals and services by up to 50%.
- Reduced cost: The NSWS portal is expected to reduce the cost of doing business in India. This is because businesses will no longer need to pay multiple fees for different approvals and services.
Conclusion
The integration of the MCA with the NSWS portal is a significant step towards making the process of business
