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of <h1>Government Withdraws Exemption for Section 25 Companies; Form 32 Filing Required for Director Changes by December 31, 2007</h1> The Central Government has withdrawn the exemption granted under Section 303(2) of the Companies Act, 1956, for companies licensed under Section 25, effective December 31, 2007. Companies existing at the time of this order must file Form 32 for any changes in directors or officers since the filing of Form DIN-3, as per the Companies (Director Identification Number) Rules, 2006. If filed within 60 days of the order's commencement, companies are exempt from the fee; otherwise, fees and additional charges under Section 611 apply.
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