Friday, 18 October 2019

Amendment in Companies (Incorporation) Rules, 2014 dated 16th October 2019


Amendment in Companies (Incorporation) Rules, 2014 dated 16th October 2019
What has been amended?
The Companies (Incorporation) Rules, 2014
What is the date of notification?
16th October 2019
What is the government web link to see the full notification?
What is amendment all about?
A.   In Rule 8A, in Sub Rule (1), in clause (b), the words and figure “or applicant for registration” has been omitted.
B.   There used to be deadlock in the company when the company has not filed Active filing and also all/ any Directors have also not filed KYC or there is a case wherein the Directors are disqualified.
In order to remove the deadlock, MCA has come up with this notification. MCA has widened the scope of filing of eForm DIR 12 especially by Active Non compliant company. Briefly, now after this amendment, Active non compliant company can file the eForm DIR 12 for the following situation also which are as below;
1)    Cessation of any Director
2)    Appointment of Director
a.    in case the company has not complied with the threshold limit of minimum number of Directors i.e. 2 in case of Private Limited Company and 3 in case of Public Limited Company on account of disqualification of Directors under Sec 164 of Companies Act, 2013
b.    In case where DIN of Directors have been deactivated due to Non filing of DIR 3 KYC
c.    For implementation of the order passed by the Court or NCLT or NCLAT under the provisions of the Act or under IBC, 2016.
C.   The timeline for filing of order in eForm INC 28 on account of shifting of Registered office from one jurisdiction to another within same state has been revised and decreased as below;
Particulars
Old Timeline given in section 12(6) of the Act
New timeline prescribed in Rule 28 of Incorporation Rules as applicable now
Confirmation order passed by Regional Director
30 days
15 days
Filing of certified copy of Regional Director with RoC
60 days
30 days


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