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Simplification of process of Incorporation of Section 8 Companies

1)In view to simplify the process for incorporating Section 8 Companies, requirement of prior filing of INC-12 for new section-8 companies is being dispensed with vide the Companies(Incorporation) Sixth Amendment Rules, 2019 dated 7th June, 2019.

2) Now, Section 8 Companies can be incorporated by either reserving names through Run and then filing SPICe or by directly filing SPICe and licence no. shall be allotted at the time of incorporation.

3) All pending INC-12 for new Companies pending at respective ROCs would be marked as ‘Rejected’ on 15th August 2019. Such applicants may thereafter directly file SPICe for obtaining License Number and for incorporation of Section 8 Companies.

4) Stakeholders who have already obtained License Numbers and are about to file SPICe form for incorporating Sec 8 companies may do so but the forms shall be processed only after a certain time lag to allow for work flow changes to take effect.

5) Those who have already filed SPICe forms which are pending at CRC may kindly await processing of these forms after the work flow changes take effect.

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eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

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