SPICe form centralises company incorporation, name reservation and limited DIN allotment with prescribed fees and defect cure timelines.
Amendments designate Form INC-32 (SPICe) as the primary consolidated electronic application for company incorporation, to be filed with an e-Memorandum of Association and e-Articles of Association or specified alternatives for certain companies; permit concurrent name reservation and limited allotment of Director Identification Numbers within the single SPICe filing; require digital signatures on electronic constitutional documents; prescribe an additional filing fee and rules for verification of registered office; allow the Registrar to call for further information and require resubmission within defined timelines; and mandate issuance of the Certificate of Incorporation in the prescribed form upon compliance while omitting and substituting various legacy forms.

Company name removal procedures require specific forms, indemnities, certified accounts, regulator no objections and public notices.
The rules prescribe procedures for removal of a company's name under section 248, including Registrar initiated and company initiated strike off, exclusions from removal (listed, delisted for non compliance, vanishing companies, companies under inspection/investigation or prosecution, with outstanding deposits or charges, and charitable companies), required forms and attachments (Form STK 2, indemnity bonds STK 3, CA certified accounts, affidavits STK 4, special resolution or 75% consent), regulator no objections for certain sectors, certification by practicing professionals, notarisation/apostillation for foreign directors, statutory notice periods and publication requirements (STK 1, STK 5/STK 6, STK 7).

Commencement of specified Companies Act provisions: those corporate law provisions brought into force on the appointed date.
Central Government designates a commencement date by notification issued under the executive power conferred by sub section (3) of Section 1, appointing the date on which sections 248-252 of the Companies Act, 2013 shall come into operation, thereby bringing those specified corporate law provisions into force as of that appointed date.

Company law rules introduce joint petitions, courier filing, specified forms, and detailed requirements for challenging share-rights variations.
The amendment rules revise definitions and form references, require professionals to be "in practice" in specified clauses, substitute specific Form numbers, and correct fee and Annexure errors. They add Rule 23A permitting joint petitions where claimants share a common interest, insert courier as an accepted mode of service with a definition, and permit multiple consequential reliefs from a single cause of action. Detailed Rule 68A prescribes documents and authorisations for applications to cancel variation of class share rights, advertising and service obligations, and empowers the Tribunal to cancel or confirm variations after hearing.

Delegation of Companies Act regulatory powers to Regional Directors enables specified regional exercise and possible central revocation.
The Central Government delegates to designated Regional Directors specified powers and functions under the Companies Act, 2013, superseding prior notifications and subject to revocation or direct exercise by the Central Government in the public interest; the delegation, effective on publication in the Official Gazette, covers powers relating to alteration of memorandum on conversion, registration and records, inspection and inquiry functions, compromise and arrangement procedural powers, winding-up related powers, and other expressly listed authorities.

Reduction of company share capital requires RSC-1 filing, creditor notices, auditor certificates, publication and Tribunal confirmation.
An application in Form RSC-1 with fee must accompany a certified creditors' list and auditor certificates confirming the list, non-arrear status on deposits, and accounting conformity; the Tribunal will direct notices to the Government, Registrar, securities regulator (if listed), and creditors, require publication and inspection of the creditors' list, allow three months for representations or objections, and may give directions to secure non-consenting creditors' claims; confirmation, terms, and the approved minute are recorded in Form RSC-6 and registered by the Registrar who issues Form RSC-7.

Companies rules set detailed procedures and disclosures for corporate compromise, arrangement and amalgamation schemes, including valuation and voting rules.
Rules prescribe procedural and disclosure requirements for schemes of compromise, arrangement, reconstruction and amalgamation under the Companies Act, 2013: prescribed forms and filings for applications to convene meetings and petitions for sanction; detailed notice, disclosure and valuation obligations including creditor responsibility statements and valuation reports; Tribunal directions on class determination, meeting conduct, voting (including electronic voting), chairperson reporting and filing of orders; specific procedures for mergers/amalgamations, solvency declarations, notices to regulators, dissenting shareholder acquisition, valuer-determined offer price, post-sanction compliance and a schedule of fees.

Corrigendum: textual correction to a notification's year citation clarifies the statutory reference without substantive change.
Corrigendum effects a limited textual correction to a prior notification by replacing a terminal punctuation mark in the year citation, directing that "2006." be read as "2006" in the published Gazette text, a procedural amendment confined to rectifying the printed citation without altering substantive provisions.

Commencement of Companies Act provisions: specified sections to come into force on appointed commencement date.
Central Government appoints 15 December 2016 as the commencement date for specified clauses and listed sections of the Companies Act, 2013. The notification brings into force named clauses and multiple section ranges covering compromises and arrangements, winding up, directors' and auditors' obligations, accounts and audit chapters, investigation and inspection provisions, and other specified regulatory sections as enumerated in the schedule.

Transfer of company proceedings to Tribunal excludes matters reserved for orders and certain winding-up petitions.
Clause (c) of section 434 of the Companies Act, 2013 is brought into force from 15 December 2016 to transfer pending proceedings under the Companies Act, 1956 to the Tribunal, except that (a) proceedings other than winding-up reserved for orders shall not be transferred, and (b) winding-up petitions pending in High Courts shall be transferred only where petitions have not been served under rule 26 of the Companies (Court) Rules, 1959; remaining winding-up and reserved matters shall continue to be governed by the Companies Act, 1956 and the Companies (Court) Rules, 1959.

Transfer of pending corporate proceedings to tribunal streamlines jurisdiction; specified exceptions and procedural conditions apply.
These Rules provide for the transfer of pending company law proceedings from High Courts to the National Company Law Tribunal, except matters reserved for orders. Voluntary winding up petitions remain with High Courts. Winding up petitions for inability to pay debts that are unserved must be transferred and treated as insolvency applications under the Insolvency and Bankruptcy Code, with petitioners required to submit admission information including proposed insolvency professional within a stipulated period or face abatement. Relevant records must be transferred and no fee is payable for transferred proceedings.

Adjudicating Authority designation: NCLT Benches empowered to exercise insolvency jurisdiction under the Code from notified commencement.
The notification designates Benches of the National Company Law Tribunal to exercise the jurisdiction, powers and authority of the Adjudicating Authority under the Insolvency and Bankruptcy Code for matters falling under Part II of the Code, and states that the designation shall come into force from the notified commencement date.

Intangible asset accounting: Ind AS required; if not applicable, comply with Companies Accounting Standards from April 2016.
For intangible assets, the relevant Indian Accounting Standards (Ind AS) shall apply; where a company is not required to comply with Ind AS, it shall comply with the relevant Accounting Standards under the Companies (Accounting Standards) Rules, 2006. This amendment to Schedule II is effected by Central Government notification and is applicable to accounting periods commencing on or after 1 April 2016.

Special Court designation enables speedy trial for serious Companies Act offences in Meghalaya following central government concurrence.
The Central Government, with the concurrence of the Chief Justice of the High Court of Meghalaya, designates the Court of District and Sessions Judge, Shillong as a Special Court under section 435(1) of the Companies Act, 2013 to provide speedy trial of offences under the Act punishable with imprisonment of two years or more, exercising jurisdiction as Special Court for the State of Meghalaya.

Director Identification Number fees adjusted; AOC 4 certification required from practising Chartered Accountant, Company Secretary, or Cost Accountant.
The amendment mandates that AOC 4 certification must be furnished by a practising Chartered Accountant, practising Company Secretary, or practising Cost Accountant in whole time practice, and updates the Annexure fee schedule to prescribe fees for allotment and surrender of Director Identification Numbers, with the same treatment for one person companies and small companies.

Advisory Committee on Accounting Standards constituted to advise on company accounting policies and standards; term limited.
The Central Government, invoking sub section (1) of section 210A of the Companies Act, 1956, constituted the National Advisory Committee on Accounting Standards to advise on formulation and laying down of accounting policies and standards for companies under the Companies Act, 1956 and 2013; it specifies representative membership drawn from professional institutes, regulators, ministries and industry, and provides that the Chairperson and members hold office for two years from Gazette publication or until the National Financial Reporting Authority is constituted, whichever is earlier.

Company incorporation rules: SPICE introduced and conversion process for companies limited by guarantee into share companies.
Amendments establish SPICE (Form INC-32 with e-MOA INC-33 and e-AOA INC-34) as a simplified integrated electronic incorporation process and revise conversion procedures: filing Form INC-27 for conversions (including public to private) and a new rule permitting companies limited by guarantee to convert into companies limited by shares upon meeting share capital equivalence, passing a special resolution, filing MGT-14 and INC-27 within prescribed timelines, and obtaining Registrar approval with issuance of Form INC-11B.

Companies' rules: listed companies must report promoter/top-ten share changes of 2% within fifteen days and provide e voting.
The Amendments require transfer of member particulars from registers under the Companies Act, 1956 into the new register in Form MGT-1, remove filing "in duplicate," change timing language, require listed companies to file Form MGT-10 for promoter and top-ten shareholding changes of two percent or more within fifteen days, substitute Form MGT-6, omit certain procedural sub-rules, and mandate e voting facilities for listed companies and companies with at least one thousand members with specified exemptions.

Remuneration limits for companies with no or inadequate profits set without Central Government approval, with approval and disclosure conditions.
The substituted Section II permits companies with no or inadequate profits to pay managerial remuneration without Central Government approval up to limits linked to effective capital, pro rated for part years and doublable by special shareholder resolution; professional managerial persons meeting independence, shareholding and qualification criteria qualify for payment without Central Government approval. Payment requires board (and where applicable nomination and remuneration committee) approval, no prior debt default or secured creditor approval if default exists, a shareholder resolution for up to three years, a prescribed explanatory statement to shareholders detailing company, appointee and remedial information, and specified disclosures in the Board's Corporate Governance report.

Mediation and conciliation framework established for company disputes, setting panel empanelment, confidentiality, timelines and procedure.
The Companies (Mediation and Conciliation) Rules, 2016 create a Regional Director-maintained Mediation and Conciliation Panel, prescribe empanelment qualifications and disqualifications, and set application procedures (Form MDC-1) and appointment/referral mechanisms (Form MDC-2 with fee). They mandate disclosure of conflicts, a three-month time-limit for proceedings with a possible three-month extension, confidentiality and inadmissibility of mediation communications, an ethics code and liability protection for mediators, allocation of fees and costs, procedural safeguards for sessions, and specific exclusions from referral.