, Ministry of corporate affairs Updates ~ CS GAURAV SHARMA

February 17, 2018

Ministry of corporate affairs Updates

1. PAS-3,DPT-3,MGT-6,MGT-15,MGT-14,ADT-1,ADT-2,SH-7 and URC-1 e-forms are likely to be revised and deployed shortly. Stakeholders may plan accordingly.

2. All names which were reserved through INC-1 form for which no incorporation forms were filed before 17th January , have now been expired, as per the notice posted earlier on this portal, and cannot be used for incorporation any more. Stakeholders are advised to use either RUN service for reserving a name afresh or use SPICe form for integrated process of name reservation and incorporation of a company.

3. It is proposed to re - engineer the process of allotment of DIN by allotting DIN to individuals only at the time of their appointment as Directors (If they do NOT possess a DIN) in companies. DIR-3 (Application for Director Identification Number) would be applicable for the allotment of DIN to individuals in respect of existing companies only and shall be filed by the existing company in which the proposed Director is to be appointed. Further, DINs to the proposed first Directors in respect of new companies would be mandatorily required to be applied for in SPICe forms (subject to a ceiling of 3 new DINs) only.

4. It is also proposed to modify DIR-3 to permit allotment of upto 2 new DINs (since SPICe provides for upto  new DINs) only in respect of ‘Producer Companies’. A separate notification would be issued for the same and stakeholders may plan accordingly.



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