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ABCAUS Excel for Chartered Accountants

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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

Changes

5

Rule omitted, replaced by new rule 7A

7(1)

For Conversion into One Person Company, Private Company shall have to satisfy conditions of both paid up share capital and the turnover.

7A

Penalty for OPC/Officers for Contravening these rules has been reduced to half

8(2)(b)(xi)

Undesirable Names
Names of Companies struck off under section 560 of the Companies Act, 1956 shall also be not allowed till 20 years

16(1)(q)

Requirement of Verification of signature and Photograph by Banker in Form INC-10 Done Away  Read more Click Here >>

36

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 >>

 


Download the Companies (Incorporation) Amendment Rules, 2015 Click Here >>

Company (Incorporation) Amendment Rules 2015- Summary of Changes Made |03-05-2015|

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