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Ministry of corporate affairs (MCA)

1. Companies (Share Capital and Debentures) 2nd Amendment Rules, 2016:

(Notified vide Notification dated 29th March, 2016)

In the Companies (Share Capital and Debentures) Rules, 2014, in rule 12, after sub-rule (5), the following proviso shall be inserted, namely:

"Provided that where all members of a company agree, the offer for buy-back may remain open for a period less than fifteen days.”

2. Companies (Share Capital and Debentures) Amendment Rules, 2016:

(Notified vide Notification dated 23rd March, 2016)

In the Companies (Share Capital and Debentures) Rules, 2014, in rule 17, in sub-rule(1), in clause (n), after sub-clause (iii), the following proviso shall be inserted, namely:-

"Provided that where the audited accounts are more than six months old, the calculations with reference to buy back shall be on the basis of un-audited accounts not older than six months from the date of offer document which are subjected to limited review by the auditors of the company."

3. Notification for Central Registration Centre (phase-2) Incorporation:

(Notified vide Notification dated 23rd March, 2016)

  1. In exercise of the powers conferred by sub-sections (1) and (2) of section 396 of the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the Act), the Central Registration Centre (herein after referred to CRC) established vide notification number. S.O. 218(E) dated 22nd January 2016 shall also exercise functional jurisdiction of processing and disposal of e-forms and all related matters pertaining to registration of companies under section 7, 8 and 366 of the Companies Act, 2013 having territorial jurisdiction all over India.
  2. The CRC shall process forms pertaining to registration of companies i.e. e-forms (INC-2, INC-7 and INC-29 along with linked forms INC-22, DIR-12 and URC-1 and any other forms as may be notified by the Central Government) filed along with the prescribed fee as provided in the Companies (Registration of Offices and Fees) Rules, 2014.
  3. The jurisdiction, processing and approval of name or names proposed in e-Form number INC-29 hitherto exercised by the respective Registrar of companies having jurisdiction over incorporation of companies under the Companies Act, 2013 and the rules made thereunder shall forthwith be exercised by Registrar, CRC.
  4. The jurisdictional Registrar of companies, other than Registrar CRC, within whose jurisdiction the registered office of the company is situated shall continue to have jurisdiction over the companies incorporated by the Registrar, CRC under the Companies Act, 2013 for all other provisions of the Act and the rules made thereunder, which may he relevant after incorporation.
  5. This notification has come into force from 28th March, 2016.

4. Companies (Incorporation) Second Amendment Rules, 2016:

(Notified vide Notification dated 10th March, 2016)

In the Companies (Incorporation) Rules, 2014, in the Annexure, for Form No. INC 11, the following form shall be substituted, namely:-

Annexure

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