Companies (Incorporation) Amendment Rules, 2016.

•  Companies (Incorporation) Amendment Rules, 2016.
• All applications for reservation of name (INC-01) would be directed to “Central Registration Centre” (CRC) from 26th Jan 2016, as notified vide the Companies (Incorporation) Amendment Rules 2016, dated 22nd Jan 2016. The operations of CRC will commence with effect from 27th Jan 2016.

Highlights of amendment by Companies (Incorporation) Amendment Rules, 2016.

1. Now there are three re-submission opportunities instead of Two Opportunities.

2. Total period for re-submission of documents shall not exceed a total period of 30 days.

3. Rule 8(2)(b)(ii) omitted​:​
​Now​ ​the ​name shall be considered desirable even if it is  not in consonance with the principle objects of the Company.

4. Rule 8(2)(b)(x) omitted ​:  

Now abbreviated name of company based on the name of the promoter will be allowed.

5. Rule 8(2)(b)(xvii) and Rule 8(3) omitted​. 

Now there is no need to show the scope, scale of activity in the name of Company while incorporation and change in name.

6.  Rule 8(4) omitted​.

 Now​ If the proposed name is based on the name of the relatives of the promoters / any other person, no need to obtain​/ attach​ NOC and proof of relationship ​of such person.