Companies Act

Key Highlights-Companies Incorporation Amendment Rules 2016

The Central Government, by notification dated 27th July, 2016 has amended the Companies Incorporation Rules 2014 by the Third Amendment Rules of 2016. 

The key Highlights of the major amendments are as under:

Rule(s) Changes made
Rule 8 Undesirable Names Reference made to Trade Marks Act, 1999
Rule 13 Signing of Memorandum and Articles the type written or printed particulars of the subscribers and witnesses allowed
Rule 16 Particulars of subscribers to be filed with ROC

Proof of identity and residence of a subscriber holding a valid and updated DIN  need not be attached

Rule 26 Publication of name by company

Company having a website to disclose disclose/publish its name, address of its registered office, the Corporate Identity Number, Telephone number, fax number if any , email and the name ofthe person who may be contacted in case of any queries or grievances on the landinglhome page of the said website.

Rule 28 Shifting of registered office within the same State

Shifting of registered office shall be allowed on completion of inquiry, inspection or investigation as a consequence of which no prosecution is envisaged or no prosecution is pending,

 

Rule 29 Alteration of Memorandum by change of name

Company to be allowed to change its name upon filing due annual return/financial statements or payment of matured deposits.

Rule 30 Shifting of registered office from one State or Union territory to another State

NOC from RBI and SEBI is also required for NBFC and listed companies respectively.

Shifting of registered office shall be allowed on completion of inquiry, inspection or investigation as a consequence of which no prosecution is envisaged or no prosecution is pending

Rule 37. Conversion of unlimited Iiability company into a limited Iiability company by shares or guarantee

New Rule inserted

 

Share

Recent Posts

  • Income Tax

Not making available material forming basis of reopening shows AO had prejudged the issue

AO stating that material forming basis of reopening shall be disclosed at the stage of assessment/re-assessment, indicates that the AO…

6 hours ago
  • Income Tax

Reopening conclusion that assessee was “Non-Filer” was non-application of mind – High Court

Reopening conclusion that assessee was “Non-Filer” despite assessee clearly stating in reply that he had filed ITR was non-application of…

7 hours ago
  • Income Tax

HC declined to allow voluminous documents physically in Faceless Assessment

High Court declined to allow production of physical documents by in Faceless Assessment simply because they were voluminous In a…

1 day ago
  • Income Tax

Prima facie satisfaction u/s 148 can not be a non-existing or incorrect information

The prima facie satisfaction u/s 148 cannot be stretched to a non-existing information or incorrect information - ITAT In a…

2 days ago
  • SEBI

Mutual Funds to value physical Gold and Silver by using the polled spot prices

Mutual Funds to value physical Gold and Silver by using the polled spot prices published by the recognized stock exchanges…

3 days ago
  • bankruptcy

SC allows simultaneous CIRP proceedings against principal debtor & corporate guarantor

Supreme Court allows simultaneous CIRP proceedings against principal debtor and its corporate guarantor, declines to frame any guidelines In a…

3 days ago