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Syed Zuber Ahmed
Hey I am on Medial • 8d
I am writing this to save other founders from the trap I fell into. Do NOT use Razorpay Rize for Company Incorporation. They hook you with a low registration fee, then incompetence and upsells force you to pay double later. The 3 Major Failures: The Address Trap: Their "experts" failed to inform me that I could register my official business address during incorporation (I had my NOC and Agreement ready). Because of their laziness/poor knowledge, I am now forced to file a separate form (INC-22) later, which costs extra money. When asked, they said "It's not our job to tell you." The MCA Login Hostage Crisis: They registered the company under their MCA login. When I asked to transfer the CIN to my Business User account (which is my legal right), they were clueless. They gave me the run-around for days between departments. They gatekeep your own company access. The ₹13,000 Compliance Scam: This is the worst part. They tried to sell me a "Post-Incorporation Bundle" for ₹13,000. The Reality: This bundle includes MSME & IEC (which are FREE government registrations) and INC-20A (which local CAs do for ₹2k). They are charging ₹13k for services that cost ₹2k in the open market. Verdict: Great for Payment Gateways, absolutely terrible for Incorporation. You will pay less upfront but pay with your sanity and wallet later. Go to a local CA instead.
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