Companies (Incorporation) Amendment Rules, 2020 – SPICE+ and AGILE PRO – 18.02.2020

SPICE+ and AGILE PRO These Amendment Rules shall come into force from 23.02.2020 and are available here: https://www.mca.gov.in/Ministry/pdf/rule_22022020.pdf The salient features of the Rules are as follows: SPICE+ (Simplified Proforma for Incorporating Company Electronically Plus: INC-32), and AGILE PRO (Application for Goods and services tax Identification number, employees state Insurance corporation registration pLus Employees provident …

Declaration before Commencement of Business

The provisions relating to Declaration before Commencement of Business have been reintroduced by insertion of new Section 10A in the Companies Act, 2013. This is one of the many changes brought about by the Companies (Amendment) Ordinance, 2018, which was promulgated on 2nd November, 2018, which can be accessed here. This was later followed by Companies …

Amendments relating to incorporation and notice of change of registered office – 27th July, 2018

MCA has notified 27th July, 2018 as the date on which Sections 5 and 6 of the Companies (Amendment) Act, 2017 commence. Section 5 of the Amendment Act deals with amendment to Section 7 of the Main Act wherein the requirement of affidavit from first subscribers and first directors has been changed to declaration from …

Revamping RUN – An Afterthought…

The Reserve Unique Name facility that was brought into force as part of the Republic Day announcements, met with severe criticism from the professional community. The earlier name approval mechanism of INC-1 provided an option to give six names in the order of preference and also resubmission facility in case some corrections or clarification were …

Practical Issues in Incorporation

Incorporation of companies is a process that is seemingly simple but involves many legal and procedural complexities. The following are some of the practical difficulties encountered: Challenges faced on account of reduced time limit in incorporation of companies where subscribers reside outside India With the amendment to Section 4 of the Companies Act, 2013 that …