Buy back compliance requires a declaration, a maintained register and a statutory return under the amended procedural rule.
The amendment substitutes rule 5C to require that declarations of solvency for buy backs be in the prescribed declaration form, that companies maintain a detailed register of securities bought back recording folio/certificate references, dates, numbers, categories, mode of buy back, consideration paid and cancellation/extinguishment particulars, and that companies file a comprehensive return aggregating identity, listing and merchant banker details where applicable, audited capital and reserve figures, debt composition, authorisation and completion dates, defaults and compliance confirmations, schedules of securities bought back and pre and post buy back shareholding patterns.

Deposit threshold change: reference date updated to date of this notification, altering which companies' deposits are assessed.
Corrigendum to Notification No. GSR 737(E) substitutes the historic cutoff date for deposits with the date of this notification, so that where a company's deposits exceed the stated threshold the deposits are to be measured "as on the date of this notification" rather than on the previously specified historic date, thereby altering the temporal benchmark for determining applicability of the proviso.

Investor Education and Protection Fund administration: committee constituted to manage the fund and maintain prescribed accounts.
A statutory committee is constituted to administer the Investor Education and Protection Fund and to maintain separate accounts and related records in a form prescribed in consultation with the Comptroller and Auditor General; members from government, regulatory, professional and consumer sectors are appointed for a two-year term from publication.

Regulation of Nidhi and Mutual Benefit Societies: restrictions on non-core activities and strengthened governance requirements.
The Central Government prescribes prohibitions and operational limits for companies declared as Nidhi or Mutual Benefit Societies, including restrictions on non-core business activities, branch expansion, membership admissions, new equity issues to non-depositors, financial dealings with non-members, unsecured lending and pledge of member security, limits on deposit mobilization and loan exposure, and a conversion consequence to non-banking financial company status where deposit thresholds are exceeded.

Insolvency law reform: expert committee to redesign winding up procedures and recommend time bound, transparent processes.
An expert Committee is constituted to review and recommend reforms to company winding up and insolvency laws to increase transparency and reduce delays; to propose management and supervisory mechanisms during winding up; to examine rules for adjudication; to advise on asset sale and distribution processes; and to produce a self-contained winding up note considering related statutes. The Committee, chaired by a retired judge and comprising government, industry, labour, academic and legal members with departmental secretariat support, may consult experts and the Law Commission and must report within three months of its first meeting.

Constitution of Company Law Board benches assigns specified matters to Principal, Regional and Single Member benches for disposal.
Constitution of Company Law Board benches assigns Principal Bench (minimum two Members including Chairman or Vice Chairman) jurisdiction over specified insolvency, reconstruction and related provisions and certain restrictive trade practice matters; Regional Benches (minimum two Members) will handle specified company management sections and incidental matters; other matters and interlocutory applications, including the specified reserve bank provision, are to be dealt with by a Single Member. Benches may sit anywhere in India and may refer matters to the Principal Bench for joint consultation and disposal.

Commencement date fixed for Companies (Fees on Applications) Amendment Rules, setting operation from 10th August.
The Central Government, exercising statutory rulemaking powers under the Companies Act, 1956, substitutes sub-rule (2) of rule 1 of the Companies (Fees on Applications) Rules, 1999 by fixing the commencement date: the Companies (Fees on Applications) Amendment Rules, 1999 shall come into force on 10th August, 1999.

Buy-back of securities rules set a regulatory framework for private and unlisted public companies under statutory authority.
The Central Government, under statutory rulemaking power, promulgated the "Private Limited Company and Unlisted Public Limited Company (Buy-back of Securities) Rules, 1999" to establish a regulatory framework for the buy-back of securities by private companies and unlisted public companies, effected by a formal notification from the relevant ministry.

Fees on company applications: prescribed schedules allocate fees by applicant type and impose increased charges for late filings.
Prescribes fees for Central Government applications under the Companies Act: fees for company registration applications vary by authorised share capital and applicant category, fixed fees apply to Section 25 licences and foreign companies; separate reduced fees apply for low value share transfers; specified fees (including nil for the smallest claims) govern applications for payment from the Companies' Liquidation Account; delayed filings attract multiplicative increases of the normal fee.

Board constitution of company law administration allocates jurisdiction to principal, regional and single-member benches defining case allocation.
The order constitutes a Principal Bench and Regional Benches, allocating specified categories of company law matters to the Principal Bench (major reconstruction and Chapter VI matters) and certain governance or director matters to Regional Benches with at least two Members, while other matters and interlocutory applications are to be handled by a Single Member at Regional Benches; it permits sittings anywhere in India and allows referral of cases to the Principal Bench for joint consultation and disposal.

Public financial institution designation: Export-Import Bank of India added to notified list under Companies Act.
The Central Government, under Section 4A(2) of the Companies Act, 1956, amends notification S.O. 1329 (8 May 1978) to insert a new entry (38) thereby specifying the Export-Import Bank of India as a public financial institution for the purposes of the Act.

Salary threshold increase for employee particulars requires higher disclosure thresholds, effective on Gazette publication by government.
Amendment to rule 1A of the Companies (Particulars of Employees) Rules, 1975 substitutes monetary thresholds in clause (a) from three lakhs to six lakhs and in clause (b) from twenty five thousand to fifty thousand, effective on publication in the Official Gazette.

Term limits for Company Law Board members set with fixed retirement ages for chairman and members under amended rule.
The amendment replaces rule 8 to prescribe that, except as provided in rules 6 or 7, the Chairman shall hold office until he attains the stipulated retirement age for that office and the Vice Chairman and any other Member shall hold office until they attain the stipulated retirement age for those offices; the Amendment Rules, 1999 take effect on publication in the Official Gazette.

Monetary threshold increased in rule 4C, expanding applicability under Companies General Rules via government notification.
The amendment to rule 4C of the Companies (Central Government's) General Rules and Forms, 1956 substitutes the words "Ten crores" with "Twenty-five crores", effected under clauses (a) and (b) of sub section (1) of section 642 of the Companies Act, 1956. Titled the Companies (Central Government's) General Rules and Forms (Third Amendment) Rules, 1999, the notification takes effect upon publication in the Official Gazette and directly alters the monetary threshold in rule 4C.

Disclosure of outstanding dues to small scale industrial undertakings required in company balance sheets, segregating such and other creditors.
The Schedule VI amendments to the Companies Act require disclosure of the name(s) of small scale industrial undertaking(s) owed sums exceeding a threshold and outstanding beyond a specified period; they add separate balance sheet line items for total outstanding dues of small scale industrial undertakings and for creditors other than such undertakings, and incorporate a definitional reference to the Industries (Development and Regulation) Act for classifying small scale industrial undertakings.

Nomination in shareholding: prescribed form and eligibility rules govern nominee designation and company discharge.
The amendment prescribes Form 2B as the mandatory nomination form, limiting nominations to individuals holding or applying for shares/debentures (singly or jointly up to two persons), requiring nominee particulars and guardian details for minors, excluding non-individual nominators and nominees, and making transfer or repayment to a nominee a valid company discharge. It also prescribes Form 4A as the declaration of solvency for buy-back, requiring directors to affirm the company's ability to meet liabilities for one year, attach a detailed assets and liabilities statement (Annexure I), confirm up to date audited accounts filing, and verify the declaration before an authorized officer.

Transfer instrument requirement: counter receipts tradable on OTCEI must be effected using Form 7BB under amended rules.
The substituted provision in rule 5A requires that an instrument of transfer for counter receipts permitted to be traded on the Over the Counter Exchange of India must be executed in Form 7BB, and the amendment takes effect on publication in the Official Gazette.

Counter receipt prohibition: amendment bars issuance of counter receipts after the prescribed cut off, affecting share certificate procedures.
A proviso is inserted into rule 4(4) of the Companies (Issue of Share Certificates) Rules, 1960, prohibiting the issuance of counter receipts after a prescribed cut off, effected by the Companies (Issue of Share Certificates) Amendment Rules, 1999, which commence on publication in the Official Gazette under powers conferred by the Companies Act.