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1. Companies (incorporation) amendment rules, 2015
The Ministry of Corporate Affairs has vide Notification dated 1st May 2015, amended the Companies (Incorporation) Rules 2013. The Ministry has introduced eForm INC-29 – an integrated Incorporation form that deals with :
a) application for reservation of name (only 1 name is allowed),
b) incorporation of a new company and/or
c) application for allotment of DIN
d) application for PAN
e) application for TAN f) application for ESIC
in a single form. Along with the form, as attachments the following supporting documents are required:
1. Details of Directors & Subscribers,
2. Memorandum and Articles of Association
Once the eForm is processed and found complete, company would be registered and CIN would be allocated. Also DINs gets issued to the proposed Directors who do not have a valid DIN. This process allows upto three Directors to avail Din through the common application form while incorporating a company. Section-8 Company i.e. non-profit organisation cannot be incorporated through the eForm INC 29. Companies have option to go by route of e-form INC-29 or earlier route INC-1, INC-7, DIR-12 and INC-22. Filing Fees for the Form is Rs. 2000/-. Full text of the Rules can be accessed at http://www.mca.gov. in/Ministry/pdf/AmendmentRules_01052015.pdf
2. Secretarial standards notified
The Central Government has vide letter no. 1/3/2014/ CL/I dated April 10, 2015 approved the following standards specified by the Institute of Company Secretaries of India. The Standards become applicable from 1st July 2015. Adherence to the standards is mandatory as per the provisions of Companies Act, 2013
a) Standard on Meetings of the Board of Directors – SS-1 – It contains a list of General Business items and Specific items which can be passed by the Board only at a meeting and not passed by circulation.
b) Secretarial Standard on General Meetings – SS-2 – It contains a list of business which shall be passed only by postal ballot.
