The Central Government hereby amends the Companies (Prospectus Incorporation) Rules, 2014 and these rules may be called the Companies (Incorporation) Second Amendment Rules, 2019. By way of these amendments, a company with authorised capital up to Rs.15 lacs can be incorporated without any fees for E-form 32 (Spice). The existing threshold limit for authorized capital of Rs. 10 Lacs has been increased to Rs.15 Lacs. These rules shall be effective from 18th March, 2019.
[Source: Notification No. G.S.R. (E) dated 06th March, 2019]
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