[The following guest post is contributed by Nikita Snehil of Vinod Kothari & Co.]
By way of a Notification dated 22nd January 2016 and in order to encourage incorporation of companies, the MCA has established a Central Registration Centre (CRC) having territorial jurisdiction all over India for discharging or carrying out the function of processing and disposal of applications for reservation of names under the provisions of the Companies Act, 2013. The CRC shall be located at Indian Institute of Corporate Affairs (IICA). The CRC has been established to facilitate smoother functioning and fastening the processing of incorporation applications, it is expected to look into the applications for name availability (INC-1 e-forms) submitted online across the country and to process the same by the end of the very next working day. Thus, CRC not only promotes uniformity in application of incorporation rules but also encourages incorporation of companies.
The CRC shall function under the administrative control of Registrar of Companies, Delhi (ROC Delhi), who shall act as the Registrar of the CRC until a separate Registrar is appointed to the CRC. The CRC shall process applications for reservation of name i.e., e-Form No. INC-1 filed along with the prescribed fee as provided in the Companies (Registration of Offices and Fees) Rules, 2014. Processing and approval of name or names proposed in e-Form No. lNC-29 shall continue to be done by the respective Registrar of Companies having jurisdiction over incorporation of companies under the Companies Act, 2013 in accordance with the provisions of the Act and the rules made thereunder.
Further, in order to facilitate the incorporation of companies, MCA on the same day has amended the Companies (Incorporation) Rules, 2014, through the Companies (Incorporation) Amendment Rules, 2016. Both the circular and the amended rules shall be effective from January 26, 2016. In this regard, set out below is a tabular comparison between the erstwhile Incorporation Rules and the amendment brought therein:
Tabular presentation showing the changes brought through the Companies (Incorporation) Amendment Rules, 2016
- Nikita Snehil
 IICA has been established by the Indian Ministry of Corporate Affairs for capacity building and training in various subjects and matters relevant to corporate regulation and governance such as corporate and competition law, accounting and auditing issues, compliance management, corporate governance, business sustainability through environmental sensitivity and social responsibility, e-governance and enforcement.