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    <title>Companies (Incorporation) Second Amendment Rules, 2015 - Prior permission from the concerned sectoral regulators, where ever is required, is necessary, before commencement of object of the company.</title>
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    <description>The amendment requires that where pursuit of any company object demands registration or approval from sectoral regulators, such registration or approval must be obtained before pursuing the object and a declaration to that effect must be submitted at incorporation. It replaces certain incorporation forms with versions reiterating restrictions on profit distribution, permissible payments, auditor and accounting requirements, registrar approval for constitutional alterations, and constraints on amalgamation and dissolution for not for profit companies, while omitting a specified form.</description>
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