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of <h1>New Amendment Exempts Banking Companies from Charge Registration for RBI Loans u/r 3 Sub-rule.</h1> The Ministry of Corporate Affairs issued a notification on April 27, 2022, amending the Companies (Registration of Charges) Rules, 2014. The amendment, titled the Companies (Registration of Charges) Amendment Rules, 2022, introduces a new sub-rule under rule 3. This sub-rule specifies that the requirement to create or modify charges does not apply to banking companies when a loan or advance is made by the Reserve Bank of India under certain conditions. The amendment takes effect upon its publication in the Official Gazette. The principal rules were initially published in 2014 and have been amended several times since.
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