Draft Amendments to Company Incorporation Rules to reduce Compliance Burden: The key proposals include consolidation of multiple forms into simplified e-forms such as ‘E-CHNG’ and ‘E- CON’, rationalisation of KYC and documentation requirements, and removal of redundant provisions like affidavits for OPC conversion and certain director- related filings. The draft also proposes simplification of name reservation rules, enhanced clarity on trademark related objections, and the ability to withdraw reserved names. The draft also proposes flexible physical verification of registered offices, increased limit for allotment of Director Identification Numbers from three to five, and optional integration of registrations such as EPFO, ESIC, and bank accounts.
