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Corporate Laws Central Ministry of Corporate Affairs Companies Act, 2013

Companies (Management and Administration) Second Amendment Rules, 2023

27-Oct-2023 | G.S.R. 801(E)

The Ministry of Corporate Affairs has issued Companies (Management and Administration) Second Amendment Rules, 2023 further to amend the Companies (Management and Administration) Rules, 2014.

By virtue of this amendment, in Rule 9 which specifies the declaration to be made by a person who is a holder of shares in a company but does not hold any beneficial interest in such shares, after sub-rule 3 new sub-rules 4, 5, 6,7 and 8 are inserted which prescribes that :-

1. Every company shall designate a person who shall be responsible for furnishing, and extending co-operation for providing, information to the Registrar or to any other authorized officer with respect to beneficial interest in shares of the company. For this purpose the company may designate:

(i) A company secretary, if there is a requirement of appointment of such company secretary under the legislation; or
(ii) A key managerial personnel, other than the company secretary; or
(iii) Every director, if there is no company secretary or key managerial personnel.

2. Every company shall inform the details of above-mentioned designated person in Annual return.

4. The company should intimate the Registrar, in case the above mentioned designated person is changed, in e-form GNL-2 specified under the Companies (Registration Offices and Fees) Rules, 2014.

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