MCA UPDATE

Notification for CRC phase-2 Incorporation

In exercise of the powers conferred by sub-sections (1) and (2) of Section 396 of the Companies Act, 2013, the Ministry of Corproate Affairs vide notification dated 23rd March, 2016 changed the approval process for incorporation of Companies under the provisions of Section 7, 8 and 366 of the Companies Act, 2013 whereby the Central Registration Center (CRC) shall process the forms relating to incorporation of Companies i.e. e-Form INC -2, INC-7 and INC-29 along with linked forms INC-22, DIR-12 and URC-1 and any other forms as may be notified by the Central Government.

The jurisdiction, processing and approval of name or names proposed in e-Form INC-29 exercised by the respective Registrar of Companies having jurisdiction over incorporation of Companies under the Companies Act, 2013 and the rules made thereunder shall forthwith be exercised by Registrar, CRC.

The Jurisdictional Registrar of Companies, other than Registrar, CRC within whose jurisdiction the registered office of the Company is situated shall continue to have jurisdiction over the companies Incorporated by the Registrar, CRC under the Companies Act, 2013 for all other provisions of the Act and rules made thereunder, which may be relevant after incorporation. 

This Notification shall come into force from 28th March, 2016.