Corporate Updates – 28-03-2016

MCA:

The Ministry of Corporate Affairs has amended the Companies (Incorporation) Rules, 2014 and notified the amended rules which may be called the Companies (Incorporation) Second Amendment Rules, 2016 and shall come into force on the date of their publication in the Official Gazette. T he amendment has been made to substitute new version of Form No. INC-11 with old Form INC-11. The changes are relating to the Certificate of Incorporation being issued by the Registrar of Companies, which shall now be issued by the Central Registry Centre (CRC) to which powers to incorporate Companies and to issue Certificate of incorporation is delegated.

MCA:

The Ministry of Corporate Affairs has changed the Process of Incorporation or Registration of Companies under provisions of Section 7, 8 and 366 of the Companies Act, 2013, which shall now be exercise by the Central Registration Centre (CRC). The CRC shall process Forms pertaining to registration of Companies i.e. e-Forms (INC-2, INC-7 and INC-29 along with other related Form INC-22, DIR-12 and URC-1 and other Forms as may be notified by the Central Government). The jurisdiction, processing and approval of name or names proposed in e-form INC-29 exercised by the respective Registrar of Companies having jurisdiction over incorporation of Companies under the Companies Act, 2013 and the rules made thereunder shall forthwith be exercised by Registrar, CRC. The jurisdiction Registrar of Companies, other than Registrar CRC, within whose jurisdiction the registrar office of the Companies incorporated by the Registrar, CRC under the Companies Act, 2013 and rules made thereunder. The notification shall come into force from 28th March, 2016.

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