Registered valuer update obligations: mandatory intimation of changes and fees for personal, entity and organisation alterations.
Amendments establish mandatory intimation duties for registered valuers and registered valuers organisations to notify the authority of changes in personal details, partner or director composition, and material amendments to governing documents, with prescribed fees set out in a newly inserted Annexure V (Table I and Table II); they also modify eligibility and membership conditions including prohibition on dual RVO membership with transitional compliance, clarify that a whole time director in a company registered as valuer is not treated as employment for surrender/expulsion purposes, and add a nomenclature note for specified asset classes.

Extension of tribunal members' tenure granted for two years or until age limit, subject to earlier government orders.
The Central Government, under the Companies Act, extends the tenure of specified Judicial Members and Technical Members of the National Company Law Tribunal for two years or until they reach age 65, or until further orders, effective from the expiry of their prior tenure; the notification identifies the affected members by name and post and is issued by the Ministry of Corporate Affairs.

Tenure extension of tribunal members preserves appointment terms for specified NCLAT Judicial and Technical Members.
Central Government extends the appointment tenure of specified Judicial and Technical members of the National Company Law Appellate Tribunal on the same terms and conditions. The extension, authorised under the Companies Act and the Tribunals Reforms Act, is for one year or until attainment of age sixty-seven years or until further order, whichever is earliest, and takes effect from the expiry of their previous tenure.

Extension of tenure of Judicial and Technical Members of the National Company Law Appellate Tribunal under statutory authority, on same terms.
The Central Government, invoking powers under section 410 of the Companies Act, 2013 read with sub section (2) of section 3 and section 5 of the Tribunals Reforms Act, 2021, extends the tenure of specified Judicial Members and Technical Members of the National Company Law Appellate Tribunal on the same terms and conditions for a limited period or until attaining the prescribed age or until further order, with effect from the stated commencement date.

CSR Committee requirement expanded: companies with unspent CSR funds must constitute committees and follow CSR governance rules.
The amendment mandates that any company with amounts in an Unspent Corporate Social Responsibility Account under section 135(6) must constitute a CSR Committee and comply with section 135(2)-(6); omits the earlier sub rule (2); expands and clarifies permissible implementing entities to include section 8 companies, registered trusts and societies with prescribed tax registrations or exemptions, government established or statutory entities, and organisations with an established three year track record; revises Rule 8 threshold language; substitutes an updated Annexure II annual CSR reporting format; and updates the e form CSR 1 entity classification.

Small company definition changed: paid-up capital and turnover ceilings revised, altering eligibility for simplified compliance.
The amendment revises the statutory criteria for small company status by substituting clause (t) in rule 2 to set explicit ceilings for paid-up capital and turnover that determine eligibility as a small company, thereby altering the quantitative thresholds controlling which companies qualify for regulatory concessions and simplified compliance.

Companies' charge registration: insolvency professionals must sign CHG-1, CHG-4, CHG-8 and CHG-9 for companies under resolution or liquidation.
The amendment inserts a new rule requiring that Form CHG-1, CHG-4, CHG-8 and CHG-9 "shall be signed by Insolvency resolution professional or resolution professional or liquidator" for companies under resolution or liquidation and substitutes updated versions of Forms CHG-1, CHG-4, CHG-6, CHG-8 and CHG-9 in the Companies (Registration of Charges) Rules, 2014, preserving their respective subject matter and procedural fields for registration, satisfaction, receiver notices, extension/rectification applications and debenture charges.

Companies deposits amendment requires auditor declaration in Form DPT-3 and replaces Forms DPT-3 and DPT-4.
The amendment mandates submission of an auditor declaration in Form DPT-3 and substitutes Forms DPT-3 and DPT-4. The revised Form DPT-3 is the statutory return for deposits and one time disclosure of money or loans not considered deposits, requiring company identity, deposit particulars, net worth calculations, liquid asset details, charge particulars, specified-source loan disclosures, auditor certification and prescribed attachments. The substituted Form DPT-4 records deposits existing at commencement of the Act, requiring totals, breakdowns, repayment arrangements, auditor's certificate, depositor list, and authorised signatory declarations.

Director KYC forms require DIN, PAN, Aadhaar, address proof, OTP verification, declarations and professional certification.
The amendment substitutes the Annexure to the 2014 Rules to replace e form DIR 3 KYC and web form DIR 3 KYC WEB, prescribing DIN and detailed identity, contact and address particulars (including mandatory PAN for Indian nationals, Aadhaar, passport, voter and driving licence where applicable), uploadable identity and address proofs, OTP verification for mobile and email, director declarations of truthfulness, and professional certification requirements with attendant liabilities under the Companies Act.

Non carrying Companies Removal: name removal rules require physical verification under section 12(9) confirming no business operations.
The rules amend Forms STK 1, STK 5 and STK 5A to require that the forms record that a company "is not carrying on any business or operations, as revealed after the physical verification carried out under sub section (9) of section 12," and allow listing of multiple companies identified by such verification; the amendment also provides the short title and commencement upon Gazette publication.

Physical verification of registered office permits Registrar to inspect, record evidence and initiate removal proceedings if communications fail.
Rule 25B authorises the Registrar to perform physical verification of a company's registered office based on MCA21 records, including visiting the premises with two independent witnesses, carrying filed documents, authenticating address evidence with the occupant, photographing the premises, and preparing a prescribed report listing company details, visit particulars and attached documents. If the office cannot receive communications, the Registrar shall notify the company and its directors of intent to remove the company from the register and invite representations within thirty days before further action under the Act.

Accessibility of corporate books: rules require continuous in country access, daily review, and an India-based controller for offshore providers.
The amendment requires that companies' books and records be accessible in India, at all times, replaces prior "periodic basis" review obligations with a daily basis review, and mandates that where service providers are located outside India the name and address of the person in India who controls the books of account and other books and papers be recorded.

Part-time appointment rules amended: substitution of the specified member entry in the appointment schedule of the authority.
Amendment to the appointment rules substitutes the entry at serial number (4) in rule (2) with the named executive designation, thereby updating the schedule of part-time members; the amendment is made under the delegated power of sub-section (3) of section 132 of the Companies Act and commences on publication in the Official Gazette.

Penalty for non-compliance under NFRA Rules amended to prescribe fines for contraventions and daily continuing breaches.
The Central Government substitutes rule 13 of the National Financial Reporting Authority Rules, 2018 to prescribe a monetary fine for contraventions and an additional daily fine for each day a continuing contravention persists, establishing a two-tier penalty structure for breaches of the NFRA Rules.

Restoration of director registration requires a restoration fee and passing an online proficiency self-assessment within the restoration period.
A new sub-rule permits restoration of a removed individual's name on payment of a restoration fee; the name is placed in a restored category for the restoration period, during which the individual must pass an online proficiency self-assessment test to be included in the databank. If the individual passes, initial registration fees remain valid for their original term; if the individual fails within the restoration period, the name is removed and the individual must reapply under the original application procedure.

Registrar's re-submission timelines require correction on request or forms are treated invalid, preserving procedural clarity.
The rules empower the Registrar to call for further information or identify defects in Form STK-2 and require the applicant to remove defects and re-submit within specified limited periods, failing which the Registrar shall treat the Form as invalid in the electronic record; any re-submission prior to these amendments will not count toward the maximum number of re-submissions. The amendments also substitute Forms STK-1, STK-5 and STK-5A, prescribing the content of notices for proposed removal, public notices inviting objections, and web-linked listing procedures.

Security clearance for directors: nationals of bordering countries must attach MHA clearance before appointment or DIN generation.
The amendment requires nationals of countries sharing a land border with India to obtain and attach security clearance from the Ministry of Home Affairs before appointment as a director or before generation of a Director Identification Number; absence of such clearance prevents acceptance of appointment documents or generation of a DIN application number. Forms DIR-2 and DIR-3 are revised to include a declaration and a verification respectively, whereby applicants must state whether security clearance is required and confirm attachment when applicable.

CSR filing deadline updated: Form CSR-2 must be filed separately after AOC-4 is filed, with new deadlines enforced.
The Companies (Accounts) Third Amendment Rules, 2022 amend rule 12(1B) to substitute the deadline of 31st May, 2022 with 30th June, 2022 so that Form CSR-2 for the preceding financial year shall be filed separately on or before that date after filing Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), and inserts a proviso requiring Form CSR-2 for financial year 2021-2022 to be filed separately on or before 31st March, 2023 after filing the applicable AOC-4 form.

Foreign approval requirement: Cross-border mergers with companies from land-bordering countries require Form CAA-16 declaration at application stage.
A mandatory declaration under Rule 25A must be submitted in Form No. CAA-16 with the application under section 230 where a compromise, arrangement, merger or demerger involves a company incorporated in a country sharing a land border with India. The declaration must state whether prior approval under the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 is not required or, if required, confirm that such approval has been obtained and is enclosed.

Appointment of Part time Members amended to substitute the first member and insert two additional part time members.
The Central Government, under sub section (3) of section 132, amends the rules on appointment of part time members to the National Financial Reporting Authority by substituting the first serial entry with a named official and inserting two additional named part time members after the seventh serial entry; the amendment is titled as the National Financial Reporting Authority appointment of Part time members (Amendment), Rules, 2022, and takes effect on publication in the Official Gazette.