Originally posted by : Yash Rungta
I'm actually trying to create a company whose name is actually quite similar to an existing Co. but has one entire word extra. I then went to MCA and was told that it not possible create such a Co. unless you file Form through STP i.e. Straight Trhough Processing. What is it and how do I do it???
STP means the forms will be auto-approved through system. The system would verify the deficiency if any,
and if all found correct the form will get approved. In simple terms, no manual intervention.
MCA vide its circular no. 06/2011 dated 08.03.2011 has initimated of simplified procedure for incorporation.
The Form 18/32 will be processed STP and Form 1 will be approved by ROC Only, and Form 1A & few other forms are given
higher priority approval.
Kindly check with ROC with reference to this circular, as it does not state STP Approval for Form 1.
Other option is change the name of your company such that it does not resemble the other company.
Please find attached circular for your reference.