Company Law Update: Amendment in form relating to Incorporation of Company

✓ Ministry of Corporate Affairs (MCA) has issued Companies (Incorporation) (Fourth Amendment) Rules, 2021, to be effective from the date of publishing in Official Gazette.

✓ Brief Summary:

- Form No. INC-35 AGILE PRO S  to be launched; which will substitute existing e-form No. INC-35 AGILE PRO.

- Shops and Establishment Registration is made mandatory.

✓ Text of Amendment:

The Companies (Incorporation) Rules, 2014, in rule 38A,

(i) in the marginal heading, for the words, “and Opening of Bank Account”, the words, “,Opening of Bank Account and Shops and Establishment Registration”,shall be substituted;

(ii) in the opening portion, for the letters “AGILE-PRO”, the letters “AGILE-PRO-S” shall be substituted;

(iii) for clauses “(c) and (d)” relating to “Profession Tax Registration and Opening of Bank Account”, the following clauses shall be substituted, namely:- 

“(d) Profession Tax Registration with effect from the 23rd February, 2020;

(e) Opening Bank Account with effect from the 23rd February, 2020;

*(f) Shops and Establishment Registration.”

✓ To refer MCA Notification, please click here