MCA vide Notification No. G.S.R. …….(E) on Thursday, 29th December, 2016, has notified the Companies (Incorporation) Fifth Amendment Rules, 2016 which shall come into force w.e.f. 1st January, 2017. Vide said notification, Rule 4, 10, 12 & 38, Form INC-7, INC-11 & INC-27 have been amended and Rule 36, Form INC-2 & Form INC-29 have been omitted.
It stated that Form INC-2 has been discontinued and Form INC-7 shall be used only for incorporation of Part I Companies and Companies with more than 7 subscribers. Revised version of Form INC -7 will be available on the portal w.e.f 15th January, 2017.
For incorporating OPCs and Companies (up to 7 subscribers), only SPICe (INC-32) should be used henceforth. Also, filing fee for SPICe has been reduced from Rs. 2000 to Rs. 500 and opportunities for resubmissions have been reduced from 3 times to 2 times.
The said Rule can be accessed from the following link:Co.(Incorp)5thAmendmentRules_29.12.2016