Executive Summary:
This notification, dated December 19, 2016, delegates powers and functions vested in the Central Government to Regional Directors under specified sections of the Companies Act, 2013. It supersedes previous notifications from 2012 and 2014. The delegation is subject to the condition that the Central Government may revoke the delegation or exercise the powers if necessary in the public interest. The notification comes into force from the date of its publication in the Official Gazette.
Key Points / Main Content:
Delegation of Powers:
The Central Government delegates powers and functions to Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad, and Shillong.
Supersession of Previous Notifications:
This notification supersedes notifications S.O. 1539(E) dated July 10, 2012, and S.O. 1352(E) dated May 22, 2014.
Conditions for Delegation:
The Central Government retains the right to revoke the delegation or exercise the powers directly if deemed necessary in the public interest.
List of Delegated Sections:
The powers are delegated under the following sections of the Companies Act, 2013:
* Section 8(4)(i): Alteration of memorandum in case of conversion into another kind of company.
* Section 8(6).
* Section 13(4) and (5).
* Section 16.
* Section 87.
* Section 111(3).
* Section 140(1).
* Section 230(5).
* Section 233(2), (3), (4), (5) and (6).
* Section 272 (first and second proviso of subsection 3).
* Section 348(1).
* Sections 361, 362, 364 and 365.
* Section 399(1)(i).
* Section 442.
Effective Date:
The notification is effective from the date of its publication in the Official Gazette.
Impact Analysis:
Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Shillong:
Impact: Gained authority to exercise powers and functions under specified sections of the Companies Act, 2013.
Action Required: Exercise the powers delegated to them according to the provisions of the Companies Act, 2013, and be aware that the central government may revoke their authority.
Central Government:
Impact: Delegated certain powers and functions related to the Companies Act, 2013, to Regional Directors.
Action Required: Oversee the activities of the Regional Directors and be prepared to revoke the delegation or exercise the powers directly if necessary in the public interest.
Companies and Related Parties:
Impact: Interactions with regulatory bodies for matters covered under the delegated sections will now primarily be with the Regional Directors.
Action Required: Familiarize themselves with the changes in authority and direct their submissions and compliance efforts accordingly.
Key Entities Referenced
Companies Act, 2013: An Act of the Parliament of India that regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company, and related aspects.
Ministry of Corporate Affairs: A ministry in the Government of India responsible for administration of the Companies Act 2013 and other related laws and regulations.
Regional Directors: Officials to whom the Central Government delegates powers and functions under the Companies Act, 2013. The notification specifies Regional Directors at various locations.
Mumbai, Maharashtra: A city in Maharashtra, India, which is one of the locations where a Regional Director is assigned.
Kolkata, West Bengal: A city in West Bengal, India, which is one of the locations where a Regional Director is assigned.
Chennai, Tamil Nadu: A city in Tamil Nadu, India, which is one of the locations where a Regional Director is assigned.
New Delhi, Delhi: The capital city of India, which is one of the locations where a Regional Director is assigned.
Ahmedabad, Gujarat: A city in Gujarat, India, which is one of the locations where a Regional Director is assigned.
Hyderabad, Telangana: A city in Telangana, India, which is one of the locations where a Regional Director is assigned.
Shillong, Meghalaya: A city in Meghalaya, India, which is one of the locations where a Regional Director is assigned.
Amardeep Singh Bhatia: Jt. Secy. (Joint Secretary), an official of the Government of India.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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No. 2984] NEW DELHI, MONDAY, DECEMBER 19, 2016/AGRAHAYANA 28, 1938
कारपोरेट काय (cid:6981)म(cid:7074)ं ालय
अिधसचू ना
नई (cid:7408)द(cid:7016)ली, 19 (cid:7408)दस(cid:7013)बर, 2016
का.आ. 4090(अ).—के(cid:7008)(cid:7076)ीय सरकार, कंपनी अिधिनयम, 2013 (2013 का 18) क(cid:7409) धारा 458 (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग
करते (cid:7263)ए, और, भारत के राजप(cid:7074) असाधारण, भाग II, खंड 3, उपखंड (ii) तारीख 10 जुलाई, 2012 म(cid:7286) का.आ. 1539(अ) तारीख 10
जुलाई, 2012 (cid:7367)ारा (cid:7079)कािशत भारत सरकार के कारपोरेट काय(cid:6981) मं(cid:7074)ालय क(cid:7409) अिधसूचना का, और भारत के राजप(cid:7074), असाधारण, भाग II,
खंड 3, उपखंड (ii) तारीख 21 मई, 2014 म(cid:7286) का.आ. 1352(अ) तारीख 22 मई, 2014 (cid:7367)ारा (cid:7079)कािशत कारपोरेट काय(cid:6981) मं(cid:7074)ालय क(cid:7409)
अिधसूचना को भी, उन बात(cid:7298) के िसवाय, िज(cid:7008)ह (cid:7286)ऐसे अिध(cid:7059)मण से पूव(cid:6981) (cid:7408)कया गया था या करने का लोप (cid:7408)कया गया था, का अिध(cid:7059)मण करते
(cid:7263)ए मुंबई, कोलकाता, चे(cid:7382)ई, नई (cid:7408)द(cid:7016)ली, अहमदाबाद, हदै राबाद और िशलांग के (cid:7079)ादिेशक िनदशे क(cid:7298) को, उ(cid:7334) अिधिनयम क(cid:7409) िन(cid:7388)िलिखत
धारा(cid:7312) के अधीन इस शत(cid:6981) के अधीन रहते (cid:7263)ए शि(cid:7334)यां और कृ(cid:7004)य िनिहत करती ह ै(cid:7408)क के(cid:7008)(cid:7076)ीय सरकार उसक(cid:7409) राय म(cid:7286), लोकिहत म(cid:7286) य(cid:7408)द ऐसा
करना आव(cid:7019)यक समझती ह ै तो उ(cid:7334) धारा(cid:7312) के अधीन इन शि(cid:7334)य(cid:7298) के (cid:7079)(cid:7004)यायोजन को वापस ले सकेगी या शि(cid:7334)य(cid:7298) का (cid:7021)वयं (cid:7079)योग कर
सकेगी, अथा(cid:6981)त् :-
(क)(cid:32) धारा 8 क(cid:7409) उपधारा (4) का खंड (i) (अ(cid:7008)य (cid:7079)कार क(cid:7409) कंपनी म(cid:7286) संप(cid:7407)रवत(cid:6981)न के मामले म(cid:7286) (cid:6980)ापन के प(cid:7407)रवत(cid:6981)न के िलए);
(ख)(cid:32) धारा 8 क(cid:7409) उपधारा (6);
(ग)(cid:32) धारा 13 क(cid:7409) उपधारा (4) और उपधारा (5);
(घ)(cid:32) धारा 16;
(ङ)(cid:32) धारा 87;
(च)(cid:32) धारा 111 क(cid:7409) उपधारा (3);
(छ)(cid:32) धारा 140 क(cid:7409) उपधारा (1);
(ज)(cid:32) धारा 230 क(cid:7409) उपधारा (5);
(झ)(cid:32) धारा 233 क(cid:7409) उपधारा (2), उपधारा (3), उपधारा (4), उपधारा (5), और उपधारा (6);
5818 GI/2016 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
(ञ)(cid:32) 272 क(cid:7409) उपधारा (3) का पहला और दसू रा पर(cid:7008)तुक;
(ट)(cid:32) धारा 348 क(cid:7409) उपधारा (1);
(ठ)(cid:32) धारा 361, धारा 362, धारा 364 और धारा 365;
(ड)(cid:32) धारा 399 क(cid:7409) उपधारा (1) के पर(cid:7008)तुक का खंड (i); और
(ढ)(cid:32) धारा 442 ।
2. यह अिधसूचना राजप(cid:7074) म(cid:7286) (cid:7079)काशन क(cid:7409) तारीख से (cid:7079)वृ(cid:7275) होगी।
[फा. सं. 2/31/सीएए/2013-सीएल-V]
अमरदीप (cid:7410)सह भा(cid:7407)टया, संयु(cid:7334) सिचव
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 19th December, 2016
S.O. 4090(E).—In exercise of the powers conferred by Section 458 of the Companies Act, 2013 (18 of 2013),
and in supersession of the notification of the Government of India, in the Ministry of Corporate Affairs, dated the
10th July, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (ii) vide number
S.O. 1539(E), dated the 10th July, 2012, and also in supersession of the notification of the Government of India, in the
Ministry of Corporate Affairs, dated the 21st May, 2014, published in the Gazette of India, Extraordinary, Part II, Section
3, sub-section (ii) vide number S.O. 1352(E), dated the 22nd May, 2014, except as respects things done or omitted to be
done before such supersession, the Central Government hereby delegates to the Regional Directors at Mumbai, Kolkata,
Chennai, New Delhi, Ahmedabad, Hyderabad and Shillong, the powers and functions vested in it under the following
sections of the said Act, subject to the condition that the Central Government may revoke such delegation of powers or
may itself exercise the powers under the said sections, if in its opinion such a course of action is necessary in the public
interest, namely :—
(a) clause (i) of sub-section (4) of section 8 (for alteration of memorandum in case of conversion into another kind of
company);
(b) sub-section (6) of section 8;
(c) sub-sections (4) and (5) of section 13;
(d) section 16;
(e) section 87;
(f) sub-section (3) of section 111;
(g) sub-section (1) of section 140;
(h) sub-section (5) of section 230;
(i) sub-sections (2), (3), (4), (5) and (6) of section 233;
(j) first and second proviso of sub-section (3) of section 272;
(k) sub-section (1) of section 348;
(l) sections 361, 362, 364 and 365
(m) clause (i) of the proviso to sub-section (1) of section 399 and
(n) section 442.
2. This notification shall come into force with effect from the date of its publication in the Official Gazette.
[F. No. 2/31/CAA/2013-CL-V]
AMARDEEP SINGH BHATIA, Jt. Secy.
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.(cid:32)