{"id":2102,"date":"2018-07-12T09:50:17","date_gmt":"2018-07-12T09:50:17","guid":{"rendered":"https:\/\/companyregistrationonline.in\/?p=2102"},"modified":"2020-10-07T05:17:24","modified_gmt":"2020-10-07T05:17:24","slug":"amendments-company-incorporation-process","status":"publish","type":"post","link":"https:\/\/companyregistrationonline.in\/blog\/amendments-company-incorporation-process\/","title":{"rendered":"Amendments in Company Incorporation Process"},"content":{"rendered":"
Traveling through the Companies Act,1956<\/a><\/strong> to the Companies Act,2003<\/a><\/strong>, there has been a massive change in the entire process of company incorporation<\/a><\/strong> in India. There have been innumerable amendments in the company incorporation process<\/a><\/strong> been made in approximately the last four years.<\/div>\n
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To have a broader idea its mandatory to mark the timeline of Major Amendments<\/a> in the Company Incorporation Process from 1 April 2014 till 1 March 2018.<\/div>\n
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Ministry of Corporate Affairs<\/a><\/strong> (MCA<\/a>) has introduced new e-forms for company registration in India based on the Companies Act, 2013. Discussed below is the list of sample forms along with their descriptions.<\/div>\n
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It is requested that these company incorporation forms are only the samples and not the original forms.<\/div>\n
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Kindly use them as reference only.<\/div>\n
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\n\n\n\n\n\n\n\n\n
Date<\/strong><\/td>\nThe Journey So Far<\/strong><\/td>\n<\/tr>\n
01.04.2014 TO 30.04.2015<\/td>\nIntroduction of New forms for Incorporation Company i.e.
\nINC-1<\/a> \u2013 Name Approval;
\nDIR-3<\/a> \u2013 Director Identification Number
\nINC-7<\/a> \u2013 Incorporation of Company
\nDIR-12<\/a> \u2013 Appointment of Directors
\nINC-22<\/a> \u2013 Registered Office of CompanyAll the above-mentioned forms were required to be filed for Company Incorporation<\/td>\n<\/tr>\n
01.05.2015 TO 30.09.2016<\/td>\n\n

Integrated Incorporation Process in form\u00a0INC-29.<\/strong> This form was 5 in one form. The company could apply Director Identification Number (DIN), Name, Appointment of Director, Registered Office, and Incorporation in a single form with economical ROC Fees. Still, INC-29 possessed some restrictions like if Company filed INC-1 for proposal 0f name then it was not possible for the Company to file INC-29.<\/p>\n

Note – The route of INC-7 that is mentioned above was also available.<\/p>\n<\/td>\n<\/tr>\n

01.10.2016 TO 26.01.2018<\/td>\n\n

Through Companies Incorporation Fourth Amendment Rules, 2016 a new form \u201cSPICe<\/a> (Specified Performa for Incorporation Company Electronically)\u201d i.e. INC-32. This form is one step ahead of INC-29.<\/p>\n

E.g. – Electronic MOA<\/a> & AOA<\/a> were introduced in this Form.<\/p>\n

However, Company has both ways,\u00a0 they can either apply name in SPICe or apply name in INC-1 and then file Spice. PAN & TAN application has become mandatory as part of the SPICe form.<\/p>\n

Note – The above-mentioned route of INC-7 is also available for some specific purposes.<\/p>\n<\/td>\n<\/tr>\n

26.01.2018<\/td>\nThis date is considered revolutionary in the History of Companies Act for Ease of Doing Business<\/u>. The alteration made by Central Government for the same purpose is the new process for Name Approval i.e.\u00a0\u201cRUN\u201d\u00a0is notified and the INC-1 e-form is omitted.
\nForm INC-7 has been omitted. Currently, The only way for the incorporation of a company is through SPICe.
\nNo ROC fees for Company Incorporation up to 10 lack of authorized capital.
\nAn updated version of the SPICe Form<\/a><\/strong> has been notified.<\/td>\n<\/tr>\n
Another Alteration<\/td>\n\n

Except for the above-mentioned amendment, some other amendments have been made between 1 April 2014 till 1 March 2018<\/p>\n

E.g. –<\/p>\n