Withdrawal of exemption under Section 303(2) restores mandatory Form 32 filings, with a conditional fee waiver and late fees applying.
The amendment withdraws the prior exemption by omitting reference to Section 303(2) from notification S.O. 1578 and requires existing companies to file Form 32 for director or officer changes occurring after filing Form DIN-3 up to the order's commencement; filings within sixty days receive a fee waiver, whereas later filings require payment of the prescribed fee and additional fees under section 611.

Rescission of registration fee order removes prior fee concession for licensed not for profit companies, with a saving clause preserving past actions.
The Central Government hereby rescinds S.O. 3879 dated 22nd December, 1962, which ordered a reduction in the registration fee for associations not for profit licensed under section 25 of the Companies Act, with the rescission to take effect from 31st December, 2007; such rescission shall not affect anything done or omitted to be done under the said notification before this notification.

Public Financial Institution designation under Section 4A adds Kerala State Power and Infrastructure Finance Corporation Limited to specified institutions.
The Central Government, under sub section (2) of Section 4A of the Companies Act, has amended the principal notification to replace serial number 51 with Kerala State Power and Infrastructure Finance Corporation Limited, thereby designating that entity as a Specified Institution and updating the Gazette list of public financial institutions.

Name availability rules: registrar examines proposed company names for undesirability and limits resubmissions and reservation periods.
Promoters or companies must apply to the Registrar using Form 1A with the prescribed fee for name reservation; the Registrar shall examine whether the proposed or changed name is undesirable, may reject or call for further information or resubmission ordinarily within three days, and applicants have up to two opportunities to re-submit against the original fee, after which rejection follows and fresh application with fee is required. An allowed name is reserved for a limited retention period with one further extension on payment of fifty percent of the initial fee, and transitional rules govern names allowed before the notification.

Disclosure of outstanding dues to micro and small enterprises now required; balance-sheet notes must itemise principal, interest and further payable interest.
Revision to Schedule VI mandates balance-sheet note disclosures of amounts due to micro and small enterprises: principal and interest unpaid at year-end; interest paid under section 16 and payments made beyond the appointed day; interest due for delay on payments made beyond the appointed day (excluding statutory MSMED interest); interest accrued and unpaid at year-end; and further interest remaining payable for disallowance under section 23. It also requires separate current liability line items for dues to micro and small enterprises and for other creditors, and adopts MSMED Act definitions for key terms.

Constitution of National Advisory Committee on Accounting Standards amended to substitute the professional representative on the committee.
The Central Government, exercising powers under the Companies Act, amends the National Advisory Committee on Accounting Standards' composition by substituting at serial number (4) the prior entry naming Shri Dhananjay V. Joshi, President of the Institute of Cost and Works Accountants of India, with an entry naming Shri Chandra Wadhwa as President, thereby updating the committee's membership in the earlier notification.

Pension entitlement for Appellate Board members balanced with option to forego pension and subscribe to contributory provident fund.
The rules substitute the leave regime, permitting earned leave, half pay leave with commutation for medical reasons, extraordinary unpaid leave within term limits, and encashment of earned leave at term end subject to an overall cap. They introduce a pension entitlement for members except where removed, set pension accrual on a periodic basis with an aggregate cap aligned to High Court Judges, and create a time limited election to forego pension to subscribe to a Contributory Provident Fund; those entering office after the specified date may only opt for the Provident Fund.

Public Financial Institution designation expands to include specified state finance corporations, extending PFI status and regulatory coverage.
Central Government specifies Tamil Nadu Urban Finance and Infrastructure Development Corporation Limited and Kerala Power Finance Corporation Limited as public financial institutions by adding them to the 1978 notification, thereby subjecting those entities to the legal status and regulatory framework applicable to public financial institutions under the Companies Act.

Modification of Companies Act application to Nidhis: specified companies declared Nidhis with tailored applicability and exemptions.
Declaration under section 620A that the listed companies are to be treated as Nidhis, subject to the directions of prior Government notifications; certain provisions of the Companies Act are excluded or applied with specified exceptions, modifications and adaptations; and Schedule I of the earlier notification is amended to add the named companies as recognised Nidhis.

Term of office changes: retirement ages for Chairman, Vice Chairman and Members revised under Companies Act rules.
Substitutes rule 8 of the 1993 Rules to prescribe term of office: Chairman holds office till age sixty seven, Vice Chairman till age sixty five, and other Members till age sixty two; amendment operates from date of publication in the Official Gazette under powers conferred by the Companies Act.

Registrar appointment designates regional registration responsibility under the Companies Act for territorial company registrations and administrative oversight.
The Central Government, by notification S.O.1291(E) under Section 609(2) of the Companies Act, designates the Registrar of Companies, Tamil Nadu as the Registrar responsible for registration of companies in the Union Territory of Andaman and Nicobar Islands, effective 20th August, 2007, thereby allocating territorial registration duties and statutory company registration functions to that Registrar office.

Form Substitution: revised e filing formats update mandatory fields, attachments and digital verification for company filings.
The Central Government substituted Forms 18, 21 and 23 in the Companies General Rules to prescribe revised e filing formats for notice of registered office situation/change, notification of court or Company Law Board orders, and registration of resolutions and agreements. Each form requires specified corporate identification data, mandatory attachments, SRN references to related filings, authorised digital signatures by designated officers, and certification by prescribed practicing professionals with membership or certificate numbers.

IDR issuance eligibility and SEBI approval required before fundraising, with compliance, fees and disclosure obligations.
Issuance of IDRs is conditioned on meeting specified eligibility thresholds for capital, market capitalization, trading history and profit track record, obtaining prior SEBI approval on an application filed with a draft prospectus at least ninety days before opening, payment of non refundable application and issue fees, submission of a due diligence report through a merchant banker, appointment of an overseas custodian, domestic depository and merchant banker, in principle listing permission, capped annual underlying equity issuance, expanded disclosure on promoters and listing history, prescribed reporting and extended filing timelines, and monetary penalties for contraventions.

Amendment to Companies general rules substitutes a revised Form 32, updating prescribed company filing requirements under the Act.
The Central Government, exercising powers under section 642(1) read with section 610B of the Companies Act, 1956, notifies the Companies (Central Government's) General Rules and Forms (Amendment) Rules, 2007, substituting a revised Form 32 in Annexure 'A' of the 1956 Rules and specifying an effective commencement date for the substituted form.

Amendment under Section 210A: substitution of the Institute of Chartered Accountants president on the National Advisory Committee on Accounting Standards.
The Central Government, under Section 210A of the Companies Act, 1956, amends notification S.O. 339(E) dated 9th March, 2007 to substitute the person named at serial number (2), replacing the earlier entry with Shri Sunil H. Talati as President of the Institute of Chartered Accountants of India.

Prohibition on sole selling agents for specified drug categories to prevent unnecessary appointments during supply-demand imbalance.
Central Government power under the Companies Act prohibits appointment of sole selling agents for every category of "Bulk drugs", "drugs" and "formulations" as defined in the Drugs (Prices Control) Order, 1995, except bona fide Ayurvedic (including Siddha) or Unani (Tibb) preparations and Homoeopathic preparations, where demand substantially exceeds production or supply and agencies are unnecessary to create a market; the prohibition applies for a limited period from the notification's publication.

Transfer of pending patent proceedings to appellate body under section 117G, effective from appointed date for appeals and revocations.
The Central Government appoints the 2nd day of April, 2007 as the date on which all appeals against any order or decision of the Controller, and cases pertaining to revocation of patent (other than on a counter claim in a suit for infringement) and rectification of the register pending before any High Court, shall be transferred to the Appellate Board under section 117G of the Patents Act, 1970.

Director identification number deadline extended, amending specified rules to postpone compliance timeframe upon Gazette notification.
Amendment substitutes the compliance date in the Director Identification Number Rules, 2006 by replacing "31st March 2007" with "30th June 2007" in the provisos to rules 4 and 6; the amendment takes effect on publication in the Official Gazette and leaves other provisions of the principal rules unchanged.

National Advisory Committee on Accounting Standards constituted to advise the government on corporate accounting policies and standards.
Notification constituting a National Advisory Committee on Accounting Standards under section 210A of the Companies Act to advise the Central Government on accounting policies and standards, listing chairperson and members drawn from professional bodies, regulators, government departments, academia and industry with specified tenure endpoints, and stating the notification takes effect upon publication in the Official Gazette.

Investor education infrastructure expanded to permit proposals for institutional arrangements, programmes, research and training under Fund rules.
The amendment inserts a new clause in rule 7(1) authorising the Fund to receive proposals for setting up institutional arrangements or infrastructure to undertake programmes, projects and action plans, specifying their objectives and expenditure, and expressly including research and training activities as components of such proposals.