Day: August 12, 2016

Brief Explanation of Companies Incorporation (3rd) Third Amendment Rules, 2016

MCA has amended some provisions of Companies (Incorporation) Rules, 2014 to be effective from 27th July, 2016. Rule 3(2) of Companies(Incorporation) Rules, 2014 – Explanation Added ‘Person’ word is defined as ‘Natural Person’ i.e. Indian Citizen & Resident in India. No such  person be eligible to be a Member & Nominee in more than OPC. Rule 8(2)(ii) of Companies(Incorporation) Rules, 2014 – Insertion It includes the name of a registered trade mark or a trade mark which is subject of an application for registration under the Trade Marks Act, 1999 and rules framed there under, unless the consent of the owner or applicant for registration, of the trade mark, as the case may be, has been obtained and produced by the promoters Rule 8(6)(n) of Companies(Incorporation) Rules, 2014 – Omission Approval of Central government required for use of word “Financial Corporation” as Comma between the words Financial Corporation has been omitted. Rule13(2) of Companies(Incorporation) Rules, 2014 – Explanation Added Now the “Type Written” or “Printed” particulars of the subscriber and witness shall be allowed, if subscriber or the witness appends his or her signature or thumb impression. Rule 16(1)(m) of Companies(Incorporation) Rules, 2014 – Explanation Added In case the subscriber is already holding a valid DIN, and the particular provided therein have been updated as on the date of application and the declaration on this effect is given in the application, the...

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