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of <h1>Amendment to Companies Incorporation Rules 2015: Rule Changes, New Penalties, and Streamlined Process with Form INC-29.</h1> The Companies (Incorporation) Amendment Rules, 2015, effective from May 1, 2015, introduce several changes to the Companies (Incorporation) Rules, 2014. Key amendments include the omission of Rule 5, revisions to Rules 6 and 7 regarding share capital and turnover, and the introduction of penalties for One Person Companies violating rules. A new integrated process for company incorporation is established, using Form INC-29, allowing for Director Identification Number allotment, name reservation, and company incorporation in one step. The amendments also modify several forms and streamline the incorporation process, aiming to simplify and expedite company formation.
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