Regulatory Updates

Updates from MCA

MCA issues the Companies (Incorporation) Second Amendment Rules, 2023

Companies are required to file Form No. RD-1 for submitting an application to the Central Government (Regional Director) for certain purposes, such as change in the financial year, conversion of public company, rectification of name of a company, etc. Recently, the Ministry of Corporate Affairs (MCA) issued the Companies (Incorporation) Second Amendment Rules, 2023. Through the amendment, MCA has now substituted Form No. RD-1 by adding more disclosures in the revised Form such as details of the board resolution and special resolution where resolutions for the specific proposal were passed, grounds for making application for the proposed change, details of advertisement, etc.

Effective Date: The amendment came into force from the date of its publication in the Official Gazette, i.e., 2 August 2023.

To access the text of the amendment, please click here