Corporate Updates – 30-01-2017

MCA

Ministry of Corporate Affairs has notified amendment to the Companies (Incorporation) Rules, 2014, which may be called the Companies (Incorporation) Amendment Rules, 2017 and shall come into force on the 30th day of January, 2017. The amendments in the principal rules are made to substitute Rule 18 to provide that the Certificate of Incorporation shall be issued by the Registrar in Form No.INC-11 and the Certificate of Incorporation shall mention permanent account number of the company where if it is issued by the Income-tax Department. Further, revised version of Form No. INC-11 and Form No. INC-32 have also been introduced through the said notification.

MCA

As part of the Ministry’s efforts towards promoting greater Ease of Doing Business to stakeholders, new version of Form SPICe (INC-32) with date of effect as 30th January 2017 will be notified soon, so as to include the functionality of applying for Company PAN and first TAN (allotted by Income Tax Deptt) in the SPICe form itself. Applying for PAN / TAN will be compulsory for all fresh incorporation applications filed in the new version of the SPICe form. Stakeholders will be allowed to download new version of SPICe form for all fresh incorporation applications w.e.f 01 Feb 2017. For resubmitting SPICe forms filed before 30th January 2017, stakeholders are required to use older version of the SPICe form for resubmission, if needed. The old version can be used only for resubmissions. Further, Stakeholders may, therefore, kindly note that filing of SPICe forms (including resubmissions) will NOT be permitted temporarily w.e.f Saturday, 28th January until Tuesday 31st January, 2017.

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