MCA amends Company (Removal of names) Rules, 2016


Ministry of Corporate Affairs issues notification on 10th May, 2023 to amend the Company Rules, 2016. The amendment provides that:

  • Company shall not file an application for removal of names unless it has filed overdue financial statements and overdue annual returns.
  • If the company intends to file application after the Registrar initiated action, it shall file all financial statements and all annual returns before filing application.
  • Once the Registrar initiated action, the company shall not file application.

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