Schedule VI amendments apply to financial years closing after the amendment; compliance required and further modifications possible.
Amendments to Schedule VI by Notification GSR No. 388(E) are prospective: the amended Schedule must be complied with for any financial year whose balance-sheet closes after 15-5-1995. The Department has received professional suggestions and, after consultation, intends to consider further modifications to the amendments in due course.

Registration of charge: Registrar's seal now to state 'Certified that the charge above is registered' and be affixed on forms.
The Registrar must affix a registration stamp and signature on forms and accompanying instruments, deliver a copy to the company and the charge holder, and use the standardized seal wording: "Certified that the charge above is registered." Registrars are instructed to register charges on the spot by applying the revised seal and signing the form.

Additional fee standardisation: fixed late filing charges required on submission, with no show cause notice prerequisite.
Standardisation of additional fee under section 611(2) prescribes fixed rates for late filings: a monthly percentage regime for Form No. 5 under section 97 and a tiered fixed-multiple regime for other documents. The additional fee must be paid on filing; Registrars will not accept belated documents without payment and need not issue show-cause or demand notices, facilitating prompt recordation and public inspection.

Registrar of Companies reform to simplify name checks, routine filings and charge registration for faster corporate registry services.
Simplify and expedite ROC registry functions by enabling computerised name checks, relaxing promoter subscription matching where one promoter is common, allowing ROCs to approve abbreviated names, extending name availability and accelerating disposal; accept routine filings (prospectus, balance sheets, annual returns, Form 32) on intake after verifying enclosures and fee; simplify registration of charges by stamping triplicate filings as "Registered" and returning them immediately; endorse transfer deeds for extension applications across the table; improve records weeding, ledgerisation/computer feeding and harmonise administrative practices while delegating additional powers to ROCs.