Monday, 3 October 2016

MCA Update 01.10.2016- Companies Incorporation Fourth Amendment Rules



Dear All,

The Ministry of Corporate Affairs (MCA) has issued Notification dated 01.10.2016 and made an amendment to the Companies (Incorporation) Rules, 2014.
KEY HIGHLIGHTS
·   These rules may be called the Companies (Incorporation) Fourth Amendment Rules, 2016
·   In Rule 33, for sub-rule (2), the following shall be substituted, namely:-

"(2) subject to the provision of sub-rule (1), for effecting the conversion of a public company into a private company, a.copy of order of the Tribunal approving the alteration, shall be filed with the Registrar in From No INC-'27 with fee together with the printed copy of altered articles within fifteen days from the date of receipt of the order from the Tribunal"
·   In the principal Rules, after Rule 37, the following rule shall be inserted, with effect from 2nd October 2016, namely:-
"38. Simplified Proforma for Incorporating Company Electronically (SPICE)

(1) The simplified integrated process for incorporation of a company in Form No. INC-32 along with e-Memorandum of Association in Form No. INC-33 and e-Article of Association in Form No. INC-34.
(2) The provisions of sub-rule (2) to sub-rule (13) of Rule 36 shall apply mutatis mutandis for incorporation under this rule.
Provided that for the purposes of references to form numbers lNC-29, INC-30 and INC-31 in Rule 36 with Form No. INC-32, Form no. INC-33 and Form No. INC-34 shall be substituted respectively.
·   In the principal rules after rule 38 as so inserted these rule, the following rule shall be inserted with effect from 1st November, 2016, namely:-
39. Conversion of a company limited by guarantee into a company limited by shares.
·   In the principle rules, after the Form No. INC-11A, the following form shall be inserted, namely:-
Form No. INC-11B Certificate of Incorporation pursuant to conversion of a company limited
by guarantee into a company limited by shares


For more details click here Notification Link





 

Thanks & Regards

RAVI GARG (CS)     

91-7838204665, 
91-7830007660

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Ravi Garg

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