The Ministry of Corporate Affairs on 7th June, 2021 has issued the Companies (Incorporation) Fourth Amendment Rules, 2021. The amendment provides that the application for incorporation of a company shall be accompanied by e-form AGILE – PRO-S (INC-35). AGILE – PRO-S stands acronym for Application for Goods and services tax Identification number, employees state Insurance corporation registration pLus Employees provident fund organization registration, Profession tax Registration and Opening of bank account, Shops and establishment Registration which act as a single window clearance helping company incorporation and various other regulatory formalities simultaneously.
As per amended rule, the application for incorporation of a company under rule 38 shall be accompanied by e-form. AGILE – PRO-S (INC-35) containing an application for registration of following numbers namely:-
GSTIN with effect from 31st March, 2019
EPFO with effect from 8th April, 2019
Profession Tax Registration with effect from the 23rd February, 2020;
Opening Bank Account with effect from the 23rd February, 2020;
Shops and Establishment Registration
Key changes in new provisions introduced by this notification;
Application for registration of Goods and Service Tax Identification Number (GSTIN), Employee State Insurance Corporation (ESIC) registration 2,5[,Employees’ Provident Fund organisation (EPFO) Registration and pofession Tax Registration and Opening of Bank Account and Shop and Establishment Registration (Key changes: Shop and Establishment Registration added to existing rules).
This process will be applicable only for Companies incorporated by MCA through SPICe+ application. Other categories of applicants (Tax Deductor, Tax Collector, Casual Taxable person, ISD, etc.) & Factories (ESIC & EPFO) who intends to apply for GSTIN shall follow the existing process of registration through Common Portal for GST registration and respective portal for applying registration.
Source: MCA website
