Subject: Companies (Amendment) Act, 2017 and Companies (Incorporation) Third Amendment Rules, 2018 – Reg.
The Ministry of Corporate Affairs vide its notification dated 27th July, 2018 has notified Section 5 & Section 6 of the Companies (Amendment) Act, 2017 w.e.f. 27th July, 2018.
Section of Companies (Amendment) Act, 2017
Amended Section of Companies Act, 2013
Item (c) of sub-section (1) of section 7
Incorporation of a Company:
The requirement of affidavit from first subscribers and directors has been replaced with a declaration therefrom
Sub-section (1) and (4) of section 12
Registered Office of the Company:
The time limit for having a registered Office for a company and communication of the change of situation of registered office with the ROC has been enhanced from 15 days to 30 days from the date of incorporation and the date of change respectively.
The notification for the above is available at the following link:
The Ministry has also notified the Companies (Incorporation) Third Amendment Rules, 2018, for Substitution of Explanation to Rule 3(1) relating to the meaning of the term ‘Resident in India’ and Rule 15 pertaining to Affidavit from Subscribers and First Directors.
The notification for the above is available at the following link
The entire contents of this article are solely for information purpose and have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation by the Author. Compliance Calendar LLP and the Author of this Article do not constitute any sort of professional advice or a formal recommendation. The author has undertaken utmost care to disseminate the true and correct view and doesn’t accept liability for any errors or omissions. You are kindly requested to verify and confirm the updates from the genuine sources before acting on any of the information’s provided hereinabove. Compliance Calendar LLP shall not be responsible for any loss or damage in any circumstances whatsoever.