Companies (Incorporation) Amendment Rules, 2017 issues the updated Form No. INC – 11 and Form No. INC – 32

Companies (Incorporation) Amendment Rules, 2017 issues the updated Form No. INC – 11 and Form No. INC – 32

February 7, 2017 Corporate 1

The Ministry of Corporate Affairs (“MCA”) has issued the Companies (Incorporation) Amendment Rules, 2017 (“Amendment Rules”) thereby amending Companies (Incorporation) Rules, 2014 (“Principal Rules”).
The Amendment Rules have come into force on 30th January, 2017.
Principal Rules Amendment Rules Implication
Rule 18: Certificate of incorporation.–

The Certificate of Incorporation shall be issued by the Registrar in Form No. INC.11. Rule 18: Certificate of incorporation.–

The Certificate of Incorporation shall be issued by the Registrar in Form No.INC-11 and the Certificate of Incorporation shall mention permanent account number of the company where if it is issued by the Income-tax Department The Amendment Rules have substituted Rule 18 of the Principal Rules.

As per the amendment, the Certificate of Incorporation will be issued by the Registrar in Form No.INC-11 and the Certificate of Incorporation will also mention permanent account number (“PAN”) of the company where such PAN has been issued by the Income-tax Department.

Prior to this, the Principal Rules were silent on the aspect of certificate of incorporation mentioning about the PAN.

In addition to the above, the Amendment Rules have also substituted Form No. INC-11 i.e ‘Certificate of Incorporation’ and Form No.INC-32 (Simplified Proforma for Incorporating Company Electronically) with new ones. The updated Forms have been enclosed with this mail for your reference.

Source: Ministry of Corporate Affairs

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1 Comment

  1. Nish

    February 22, 2017
    Reply

    Hi,

    We got the certificate of incorporation. It also mentions the PAN no. and TAN no. also received in mail body. In howmany days can we receive the physical PAN card.

    Is it necessary to possess the physical PAN card to open current bank account for the newly incorporated company?

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