Home India Ministry of Corporate Affairs In exercise of the powers conferred by section 3, sub sectio...
Date: 2020-03-13 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 3, sub section 1 of section 7 and sub sections

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

The Ministry of Corporate Affairs issued notification G.S.R. 169(E) in New Delhi on March 12, 2020, to amend the Companies Incorporation Rules, 2014. These amendments, known as the Companies Incorporation Second Amendment Rules, 2020, came into force on the date of their publication in the official Gazette (March 13, 2020). The amendments are made in exercise of the powers conferred by section 3, subsection 1 of section 7 and subsections 1 and 2 of section 469 of the Companies Act, 2013 (18 of 2013). Specifically, in Form No. INC-28 of the Companies Incorporation Rules, 2014, serial number 5, clause (a), a new sub-clause (iii) is inserted, requiring the specification of the Section of the Insolvency and Bankruptcy Code, 2016 under which the order was passed. The notification was issued under F. No. 1/13/2013-CL.V, Vol. IV and signed by K.V.R. Murty, Joint Secretary. The principal rules were initially published under G.S.R. 250(E) on March 31, 2014, and last amended under G.S.R. 128(E) on February 18, 2020.

Key Entities Referenced

Ministry of Corporate Affairs: The Indian government ministry responsible for administering the Companies Act and related regulations. Companies Act, 2013: An Act of the Parliament of India that regulates incorporation of companies, responsibilities of a company, directors, dissolution of a company, and other related matters. Companies Incorporation Rules, 2014: Rules framed under the Companies Act, 2013, providing detailed procedures and requirements for company incorporation and related matters. Companies Incorporation Second Amendment Rules, 2020: Amendments to the Companies Incorporation Rules, 2014, further modifying the procedures and requirements for company incorporation. New Delhi: The location where the notification was issued; the capital of India. Insolvency and Bankruptcy Code, 2016: An Act of the Parliament of India that consolidates the law relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of value of assets. Form No.INC28: A specific form within the Companies Incorporation Rules, likely related to a compliance or reporting requirement that is being amended. K.V.R. Murty: Joint Secretary of the Ministry of Corporate Affairs, the signatory of the notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एल.-अ.-17032020-218713 xxxGIDExxx CG-DL-E-17032020-218713 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 145] नई दिल्ली, िुक्रवार, माचय 13, 2020/फाल्ग नु 23, 1941 No. 145] NEW DELHI, FRIDAY, MARCH 13, 2020/PHALGUNA 23, 1941 कॉरपोरेट कार् य मंत्रालर् अजधसचू ना नई दिल् ली, 12 माचय, 2020 सा.का.जन. 169(अ).—केंद्रीर् सरकार, कंपनी अजधजनर्म, 2013 (2013 का 18) की धारा 3, धारा 7 की उप-धारा (1) और धारा 469 की उप-धारा (1) और (2) द्वारा प्रित्त िजिर्ों का प्रर्ोग करते हुए, कंपनी (जनगमन) जनर्म, 2014 का और संिोधन करने के जलए जनम्नजलजखत जनर्म बनाती है, अर्ातय ् :- 1. (1) इन जनर्मों का संजिप्त नाम कंपनी (जनगमन) िसू रा संिोधन जनर्म, 2020 ह।ै (2) र्े जनर्म रािपत्र में इनके प्रकािन की तारीख को प्रवृत्त होंगे। 2. कंपनी (जनगमन) जनर्म, 2014 के अनलु ग्नक में प्ररूप सं. आईएनसी-28 की क्रम सं. 5 में, खंड (क) में उप-खंड (ii) के पश्चात् जनम्नजलजखत अंतःस्ट्र्ाजपत दकर्ा िाएगा, अर्ायत्- “(iii) दिवाला और िोधन अिमता संजहता, 2016 की धारा जिसके अधीन आििे पाररत दकर्ा गर्ा”।” [फा.स.ं1/13/2013-सीएल-V, खंड. IV] के.वी.आर. मूर्तय, संर्ुि सजचव 1397 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] नोट: मूल जनर्म भारत के रािपत्र, असाधारण, भाग-II , खंड 3, उपखंड (i) में संखर्ाकं सा.का.जन.250(अ), तारीख 31 माचय, 2014 द्वारा प्रकाजित दकए गए और संखर्ांक सा.का.जन. 128(अ), तारीख 18 फरवरी, 2020 द्वारा अंजतम बार संिोजधत दकए गए। MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 12th March, 2020 G.S.R. 169(E).—In exercise of the powers conferred by section 3, sub-section (1) of section 7 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Incorporation) Rules, 2014, namely: - 1. (1) These rules may be called the Companies (Incorporation) Second Amendment Rules, 2020. (2) They shall come into force on the date of their publication in the official Gazette. 2. In the Companies (Incorporation) Rules, 2014, in the Annexure, in Form No.INC-28, in serial number 5, in clause (a) after sub-clause (ii), the following shall be inserted, namely.- “(iii) Section of Insolvency and Bankruptcy Code, 2016 under which order passed”.” [F. No. 1/13/2013- CL-V, Vol. IV] K.V.R. MURTY, Jt. Secy. Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 250(E), dated the 31st March, 2014 and last amended vide number G.S.R.128 (E) dated the 18th February, 2020. 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.

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