Name reservation via RUN and mandatory INC-32 (SPICe) filings streamline incorporation while requiring regulator approvals. The Amendment Rules require name reservation to be made via the MCA web service using the RUN facility and replace rule 9 accordingly; they substitute rule 12 to mandate filing of company incorporation applications in Form INC-32 (SPICe) with prescribed fees, require sectoral regulator approvals where company objects so demand and a declaration at incorporation, omit Form INC-7, update multiple prescribed forms (INC-1, INC-3, INC-12, INC-22, INC-24, INC-32) and add provisos governing MOA/AOA filing formats when there are more than seven subscribers or signing outside India and fee exemptions for small companies.
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Provisions expressly mentioned in the judgment/order text.
Name reservation via RUN and mandatory INC-32 (SPICe) filings streamline incorporation while requiring regulator approvals.
The Amendment Rules require name reservation to be made via the MCA web service using the RUN facility and replace rule 9 accordingly; they substitute rule 12 to mandate filing of company incorporation applications in Form INC-32 (SPICe) with prescribed fees, require sectoral regulator approvals where company objects so demand and a declaration at incorporation, omit Form INC-7, update multiple prescribed forms (INC-1, INC-3, INC-12, INC-22, INC-24, INC-32) and add provisos governing MOA/AOA filing formats when there are more than seven subscribers or signing outside India and fee exemptions for small companies.
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