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Core Purpose

Notification of the Companies (Incorporation) Third Amendment Rules, 2023, amending rule 30(9) of the Companies (Incorporation) Rules, 2014 under the Companies Act, 2013, regarding shifting of a company's registered office.

Detailed Summary

Issued by the Ministry of Corporate Affairs as G.S.R. 790(E) dated 20th October 2023 (F. No. 1/13/2013-CL-V, Vol. IV) and signed by Manoj Pandey, Joint Secretary, this notification exercises powers under sections 3, 4, sub-sections (5) and (6) of section 5, section 6, sub-sections (1) and (2) of section 7, sub-sections (1) and (2) of section 8, sub-sections (2), (3), (4), (5) and (9) of section 12, sub-sections (3), (4) and (5) of section 13, sub-section (2) of section 14, sub-section (1) of section 17 and section 20 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013) to make the Companies (Incorporation) Third Amendment Rules, 2023, effective from 21st October 2023, further amending the Companies (Incorporation) Rules, 2014 (principal rules G.S.R. 250(E) dated 31st March 2014, last amended G.S.R. 584(E) dated 2nd August 2023); in rule 30, sub-rule (9), the words "and may include such order as to costs as it thinks proper" are omitted, and a further proviso is inserted permitting the shifting of a company's registered office where management has been taken over by new management under a resolution plan approved under section 31 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), provided no appeal against the resolution plan is pending and no inquiry, inspection or investigation is pending or has been initiated after such approval.

Full Text

6721 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART II —Section 3 —Sub-section ( i) PUBLISHED BY AUTHORITY No. 612] NEW DELHI, FRIDAY , OCTOBER 20 , 2023/ ASVINA 28, 1945 CG-DL-E-23102023-249628 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 20th October,2023 G.S.R. 790(E). —In exercise of the powers conferred by section 3, section 4, sub -sections (5) and (6) of section 5, section 6, sub -sections (1) and (2) of sec tion 7, sub -sections (1) and (2) of section 8, sub -sections (2), (3), (4), (5) and (9) of section 12, sub -sections (3), (4) and (5) of section 13, sub -section (2) of section 14, sub -section (1) of section 17, section 20 read with sub -sections (1) and (2) o f 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. These rules may be called the Companies (Incorporation) Third Amendment R ules, 2023. (2) They shall come into force with effect from 21st October, 2023. 2. In the Companies (Incorporation) Rules, 2014, in rule 30, in sub -rule (9), - (i) the words “and may include such order as to costs as it thinks proper" shall be omitted; (ii) after the proviso, the following proviso shall be inserted, namely: - “Provided further that where the management of the company has been taken over by new management under a resolution plan approved under section 31 of the Insolvency Bankruptcy Code, 2 016 (31 of 2016) and no appeal against the resolution plan is pending in any Court or Tribunal and no inquiry, inspection, investigation is pending or initiated after the approval of the said resolution plan, the shifting of the registered office may be allowed.” [F. No. 1/13/2013 -CL-V, Vol. IV] MANOJ PANDEY , 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. 584(E), dated the 2nd August, 2023 Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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