The gazette notification introduces the Companies (Prospectus and Allotment of Securities) Amendment Rules, 2025, which amends the Companies (Prospectus and Allotment of Securities) Rules, 2014.
The amendment provides an extended timeline for certain private companies to comply with specific provisions related to prospectus and allotment of securities.
Key Changes
A new proviso is inserted in sub-rule (2) of rule 9B of the Companies (Prospectus and Allotment of Securities) Rules, 2014.
The new proviso states that a private company (excluding Producer companies) that was not classified as a small company as of March 31, 2023, is granted an extension until June 30, 2025, to comply with the provisions of the mentioned sub-rule.
The amendment rules come into force on the date of their publication in the Official Gazette, which is February 12, 2025.
Impact Analysis
Impact on Private Companies
Action Item: Affected private companies should assess their current status and take necessary steps to comply with the requirements of rule 9B(2) before June 30, 2025.
Impact on Regulatory Bodies
Action Item: MCA should communicate the changes to relevant stakeholders and provide necessary support for compliance.
Impact on Investors
Action Item: Investors should engage with the management of private companies to understand their compliance plans and timelines.
Key Entities Referenced
Companies Act, 2013: The principal legislation governing companies in India. Sections 26, 27(1), 28, 29, 31(2), 39(3), 39(4), 40(6), 42 and 469 are referenced in the notification as the source of the Central Government's powers to make these rules.
Companies (Prospectus and Allotment of Securities) Rules, 2014: The rules framed under the Companies Act, 2013, that govern the prospectus and allotment of securities by companies. These rules are being amended by the current notification.
Ministry of Corporate Affairs (MCA): The government ministry responsible for administering the Companies Act, 2013, and related rules. The notification is issued by the MCA.
Producer Company: A special type of company defined under the Companies Act, 2013, primarily for agricultural or related activities. Producer companies are excluded from the extended compliance timeline.
Small Company: A company that meets certain criteria related to paid-up capital and turnover, as defined under the Companies Act, 2013. The extended compliance timeline applies only to private companies that were not classified as small companies as of March 31, 2023.
G.S.R. 251(E), dated the 31st March, 2014: The original notification publishing the Companies (Prospectus and Allotment of Securities) Rules, 2014.
G.S.R. 583(E), dated the 20th September, 2024: The notification through which the Companies (Prospectus and Allotment of Securities) Rules, 2014 were last amended.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-13022025-260939
CG-DxLx-xEG-I1D3H0x2x2x0 25-260939
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 98] नई दिल्ली, बुधवार, फरवरी 12, 2025/माघ 23, 1946
No. 98] NEW DELHI, WEDNESDAY, FEBRUARY 12, 2025/MAGHA 23, 1946
कारपोरेट कार् यमत्रं ालर्
अजधसचू ना
नई दिल्ली, 12 फरवरी, 2025
सा.का.जन. 131(अ).—केन्द्रीर् सरकार, कंपनी अजधजनर्म, 2013 (2013 का 18) की धारा 469 के साथ पठित
धारा 26, धारा 27 की उप-धारा (1), धारा 28, धारा 29, धारा 31 की उप-धारा (2), धारा 39 की उप-धारा (3) और
उप-धारा (4), धारा 40 की उप-धारा (6) और धारा 42 द्वारा प्रित्त िजिर्ों का प्रर्ोग करते हुए, कंपनी (प्रोस्ट्पेक्टस और
प्रजतभूजतर्ों का आबंटन) जनर्म, 2014 का और संिोधन करन ेहते ु जनम्नजलजखत जनर्म बनाती ह,ै अथायत:् -
1. (1) इन जनर्मों का संजिप्त नाम कंपनी (प्रोस्ट्पेक्टस और प्रजतभूजतर्ों का आबंटन) संिोधन जनर्म, 2025 ह।ै
(2) र् े रािपत्र म ेंइनके प्रकािन की तारीख को प्रवृत्त होंगे।
2. कंपनी (प्रोस्ट्पक्े टस और प्रजतभूजतर्ों का आबंटन) जनर्म, 2014 में, जनर्म 9ख के उप-जनर्म (2) म,ें पहले परन्द्तुक के
पश्चात, जनम्नजलजखत परन्द्तुक अतःस्ट्थाजपत दकर्ा िाएगा, अथायत्:-
“परंत ु र्ह दक उत्पािक कंपनी के अजतठरि कोई जनिी कंपनी, िो 31 माचय, 2023 की जस्ट्थजत को एक लघ ु कंपनी नहीं ह,ै
30 िून, 2025 तक इस जनर्म का पालन करेगी”।
[फा. सं. 01/21/2013-सीएल-V]
1061 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
बालामुरूगन डी., संर्क्ु त सजचव
स्ट्पष्टीकरण ज्ञापन.― र्ह घोषणा की िाती ह ै दक भूतलिी प्रभाव से अजधसूचना िारी दकए िाने से दकसी भी व्यजि के जहत
पर प्रजतकूल प्रभाव नहीं पडगे ा।
ठटप्पण.—मूल जनर्म, भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (i) म ें संखर्ांक सा.का.जन. 251(अ),
तारीख 31 माचय, 2014 के द्वारा प्रकाजित दकए गए थ े और अजधसूचना सा.का.जन. 583(अ),
तारीख 20 जसतम्बर, 2024 के द्वारा अंजतम बार संिोजधत दकए गए थ।े
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 12th February, 2025
G.S.R. 131(E).―In exercise of the powers conferred by section 26, sub-section (1) of section 27, section 28,
section 29, sub-section (2) of section 31, sub-sections (3) and (4) of section 39, sub-section (6) of section 40 and
section 42 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the
following rules further to amend the Companies (Prospectus and Allotment of Securities) Rules, 2014, namely:―
1. (1) These rules may be called the Companies (Prospectus and Allotment of Securities) Amendment Rules, 2025.
(2) They shall come into force on the date of publication in the Official Gazette.
2. In the Companies (Prospectus and Allotment of Securities) Rules, 2014, in rule 9B, in sub-rule (2), after the
proviso, the following proviso shall be inserted, namely: ―
“Provided further that a private company, other than a Producer company, which is not a small company as on 31st
March, 2023, may comply with the provision of this sub-rule by 30th June, 2025.”.
[F. No. 1/21/2013-CL-V]
BALAMURUGAN D., Jt. Secy.
Explanatory Memorandum. ― It is hereby declared that by issuing the notification with retrospective effect, the
interest of no person shall be adversely affected.
Note.―The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),
vide number G.S.R. 251(E), dated the 31st March, 2014 and lastly amended vide notification G.S.R. 583(E),
dated the 20th September, 2024.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.