Ministry of Corporate Affairs have amended the Companies (Incorporation) Rules, 2014 vide notification F. No. 01/13/2013 CL-V(Part-i) dated 1
st
May, 2015.
The Summary of rule-wise amendment made is as under:
Rule
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Changes
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5
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Rule omitted, replaced by new rule 7A
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7(1)
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For Conversion into One Person Company, Private Company shall have to satisfy conditions of both paid up share capital and the turnover.
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7A
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Penalty for OPC/Officers for Contravening these rules has been reduced to half
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8(2)(b)(xi)
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Undesirable Names
Names of Companies struck off under section 560 of the Companies Act, 1956 shall also be not allowed till 20 years
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16(1)(q)
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Requirement of Verification of signature and Photograph by Banker in Form INC-10 Done Away Read more Click Here >>
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36
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New Integrated Process of Incorporation
For simplifying the filing of forms for incorporation of a company, a new Integrated Incorporation Process has been introduced with effect from 01-05-2015. Read More Click Here >>
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Download the Companies (Incorporation) Amendment Rules, 2015 Click Here >>