Companies Act

The Companies (Management and Administration). Second Amendment Rules, 2018. MCA Notification

The Companies (Management and Administration). Second Amendment Rules, 2018. MCA has amended the Companies (Management and Administration) Rules 2014. The hist of amendment made is as under:

Existing Rules Amendment

13. Return of changes in shareholding position of promoters and top ten shareholders.- Every listed company shall file with the Registrar, a return in Form No. MGT.10 along with the fee with respect to changes relating to either increase or decrease of two percent, or more in the shareholding position of promoters and top ten shareholders of the company in each case, either value or volume of the shares, within fifteen days of such change.

Explanation.- For the purpose of this sub-rule, the “change” means increase or decrease by two percent or more in the shareholding of each of the promoters and each of the top ten shareholders of the company

Omitted

15. Preservation of register of members etc. and annual return

(6) A copy of the proposed special resolution in advance to be filed with the registrar as required in accordance with first proviso of sub-section (1) of section 94, shall be filed with the Registrar, at least one day before the date of general meeting of the company in Form No.MGT.14.

 

Sub Rule (6) omitted

18. Notice of the meeting

Explanation.- For the purpose of this rule, it is hereby declared that the extra ordinary general meeting shall be held at a place within India.

Explanation after clause (ix) omitted

22. Procedure to be followed for conducting business through postal ballot

(16) items of business to be transacted only by means of voting through a postal ballot-

Provided that One Person Company and other companies having members upto two hundred are not required to transact any business through postal ballot.

for the proviso, the following shall be substituted, namely:-

“Provided that any aforesaid items of business under this sub-rule, required to be transacted by means of postal ballot, may be transacted at a general meeting by a company which is required to provide the facility to members to vote by electronic means under section 108, in the manner provided in that section: Provided further that One Person Companies and other companies having members upto two hundred are not required to transact any business through postal ballot”

Form No.MGT-10 Form No. MGT-10 omitted

Download Notification Click Here >>

Share

Recent Posts

  • Insurance

Liability under MV Act can’t be decided on the grounds of sympathy alone – Supreme Court

Liability under the Motor Vehicles Act can’t be decided on the grounds of sympathy alone but must be established by…

2 hours ago
  • ICAI

ICAI notifies dates of CA Foundation, Intermediate & Final Exams May 2026

ICAI notifies Dates of CA Foundation, Intermediate and Final Exams May 2026 The Institute of Chartered Accountants of India has…

3 hours ago
  • Income Tax

Interest u/s 234A can’t be levied on self-assessment tax paid before due date of filing ITR

Interest under section 234A cannot be levied on self-assessment tax paid before the due date of filing of return of…

6 hours ago
  • SEBI

SEBI defers timeline for implementation of Phase III of Nomination

SEBI defers timeline for implementation of Phase III of Nomination SEBI had issued a circular on “Revise and Revamp Nomination…

23 hours ago
  • RBI

RBI revises directions on opening & Maintenance of CC, CA & OD by Banks

RBI revises directions on opening & Maintenance of Cash Credit accounts, Current Accounts and Overdraft Accounts by all Banks Reserve…

1 day ago
  • Income Tax

RP can not claim income tax refund for period prior to approval of resolution plan

Resolution Professional can’t claim income tax refund for a period prior to approval of the resolution plan In a recent…

1 day ago