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    Section 4A(2) of the Companies Act, 1956 - Public financial institutions - Notified public financial institutions
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    Public financial institution designation: Housing and Urban Development Corporation Limited added to notified list under section 4A(2).
    Central Government, under section 4A(2) of the Companies Act, 1956, amends the prior notification No. S.O. 1329 (dated 8 May 1978) by inserting entry 37 and thereby specifies Housing and Urban Development Corporation Limited as a public financial institution.
    Insertion of rule 3B of the CLB (Qualifications, Experience and Other Conditions of Service of Members) Rules, 1993
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    Option for government-appointed members to elect return to parent department or permanent absorption into the board.
    Rule 3B grants members who came from Government service and who were appointed before the 1993 Rules an option to return to their parent departments or to seek permanent absorption by transfer into the Company Law Board, with the option to be exercised within a limited period from publication of the amending rules in the Official Gazette.
    Section 410 of the Companies Act, 1956 - Appointment of Advisory Committee - Notified members of Advisory Committee
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    Advisory Committee constitution appoints industry and professional members for a two-year term under statutory notification.
    The Central Government constituted an Advisory Committee under the Companies Act by notification, appointing five members from industry and professional backgrounds-a Confederation of Indian Industry president, a chartered accountant, a company secretary, a cost accountant and a practising corporate lawyer-who shall hold office for a period of two years from the date of publication of the notification.
    Insertion of proviso after sub-rule (2) of rule 9 of the Companies (Issue of Share Certificates) Rules, 1960
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    Cancellation of share certificates under depositories framework exempted from application of issue-of-share-certificates rule by specified regulations.
    The amendment inserts a proviso to rule 9 after sub-rule (2) clarifying that that sub-rule does not apply to cancellation of certificates of security under the Depositories Act, 1996 when such cancellations are made in accordance with sub-regulation (5) of regulation 54 of the SEBI (Depositories and Participants) Regulations, 1996 read with section 25 of the Depositories Ordinance, 1996.
    Amendments in "Part I- Form of Balance Sheet" of Schedule VI to Companies Act, 1956
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    Disclosure of unutilised issue proceeds must be separately shown and the form of investment specified in the balance sheet.
    The amendment inserts a new Investments item, Balance of unutilised monies raised by issue, into Part I of Schedule VI and requires that all unutilised monies out of an issue be separately disclosed in the balance sheet with an indication of the form in which such unutilised funds have been invested, both under the Investment sub-heading and against Bank Balances under Current Assets, Loans and Advances.
    Substitution of sub-paragraphs (c) and (d) of Part I and insertion of Section III of Part IT of Schedule XIII to Companies Act, 1956
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    Managerial appointment age and remuneration rules clarified; special resolutions can permit age exceptions and cap combined pay across companies.
    Amendments require managerial appointees generally to be between 25 and 70 years, permit appointments outside those ages by company special resolution without Central Government approval, and clarify that a managerial person serving in multiple companies may draw remuneration from one or both companies provided the total does not exceed the higher maximum limit admissible from any one company.
    Section 4A(2) of the Companies Act, 1956 - Public financial institutions -Notified public financial institution
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    Public financial institution designation: North Eastern Development Finance Corporation Ltd added to the notified list under the Companies Act.
    Exercising powers under section 4A(2) of the Companies Act, the Central Government amends an existing notification to add the named development finance corporation as a new entry in the notified list, thereby specifying it as a public financial institution under the Act.
    Amendment in rule 22 of the Companies (Central Government's) General Rules and Forms, 1956
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    Allocation of fee account heads clarifies registration, filing, inspection and other company fees under revised rule.
    Amendment of Rule 22 revises the classification and alphanumeric coding of fee receipts under the Companies (Central Government's) General Rules and Forms, 1956 by substituting specific account descriptions and codes for fees relating to the regulation of joint stock companies, itemising registration, filing, inspection and copying, and other fees with defined major head, alphanumeric code, account code, serial code and source category check digit.
    Sick Industrial Companies (Special Provisions) Act, 1985 - Section 13(1) - Procedure for filing appeals before Appellate Authority
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    Appeal filing procedure for BIFR orders sets document, language and registration requirements for timely processing.
    Procedure prescribes a detailed appeal filing regime: memorandum of appeal signed by appellant or attorney accompanied by certified copy of order, relied documents with index, respondents list, affidavit verifying memorandum and receipt of order, vakalatnama/power of attorney, separate application for condonation of delay, and ten extra copies; memorandum must be legible, typed or printed with facts in numbered paragraphs and consecutively numbered grounds.
    Deposits not to be invited without issuing an advertisement - Notified companies to which provisions of section 58A shall not apply
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    Exemption from deposit acceptance restrictions for qualifying small scale industrial units meeting specified capital, depositor and invitation conditions.
    The Central Government notifies that section 58A does not apply to companies which are Small Scale Industrial Units provided they meet specified conditions: paid up capital within the small scale threshold, deposits accepted from no more than a limited number of persons, no public invitation for deposits, and aggregate deposits not exceeding a prescribed ceiling; "deposit" and "Small Scale Industrial Unit" are defined by reference to the Companies (Acceptance of Deposits) Rules and relevant State registration and investment limits.
    Power to modify Act in its application to Nidhis, etc, - Declaration of Nidhi companies subject to certain directions
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    Nidhi declaration: companies designated as Nidhis with prescribed statutory modifications and schedule additions under executive power.
    Declaration designates specified companies as Nidhis and subjects them to directions in the referenced government notification, invoking executive power to modify the Companies Act's application by excluding or adapting certain provisions as set out in an earlier notification; the instrument lists the companies and amends the regulatory schedule to add entries for these Nidhis, thereby incorporating them into the framework of prescribed exceptions and modifications.

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      Companies Law

      Amendment in rule 22 of the Companies (Central Government's) General Rules and Forms, 1956 - GSR 251(E), - Companies Law

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      Allocation of fee account heads clarifies registration, filing, inspection and other company fees under revised rule.
      Amendment of Rule 22 revises the classification and alphanumeric coding of fee receipts under the Companies (Central Government's) General Rules and ... Summary

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