Application Process for Good Standing Certificate in India
The candidate must send an application to get a letter of verification or good standing certificate. Fee is Rs. 500/- and Rs. 200/- for postal charges. Take the form to the Public Assistance and Complaints Desk (PACD) after downloading and filling it out online beforehand. You won’t pay a fee but you must present required documents like Professional Identification Card.
Importance of Good Standing Certificate
At some point, owners may be asked to provide a certificate of good standing, especially if they are interested in pursuing a loan or potential investor. This certificate shows that the entity is in compliance with all state requirements. Obtaining a copy runs the gamut from a simple, free online form to a pricier, expedited mail-in option. It all depends on the state the business resides in.
Issuance Details and Requirements
The Good Standing Certificate will be issued within 45 days of receiving the application. Only Indian Nationals qualify. Please note the application process has changed. Only registered members can submit applications now. However, candidates can still apply physically.