Incorporating a company in India usually takes 4-6 weeks. However, according to a recent circular issued by the Ministry of corporate affairs, incorporation formalities will be completed in 24 hours. If implemented, the initiative will be a huge boost to entrepreneurship ecosystem in India.
Starting a technology company requires legal, operation and human resource understanding. In the first of the series of articles on this topic, we talk about setting up a company in India and obtaining necessary permissions with local government departments.