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 |
Assessee is eligible for claiming deduction under Chapter VIA under Section 80IE of the Income Tax Act 1961 on the…
Assessee could not be faulted for showing only cash in hand and bank balance as capital following presumptive taxation when…
Sale of flats in a real estate project held capital gains as intention of the assesee was to hold that…
Merely because interest liability was recognised by journal entries at the close of the year, it does not make expenditure…
Addition for cash deposits in bank account which were immediately transferred to other accounts deleted in absence any enquiry by…
ITAT disallows 6% for alleged bogus purchases as purchases from unregistered dealers could not be ruled out. In a recent…