Government company strike-off filings: indemnity bond Form STK-3A must be signed by authorised ministry officer, not director nominees

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Full Text of the Document

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....Rule 4(3) of the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 is amended to prescribe execution requirements for the indemnity bond in Form STK-3A for Government companies (other than those already covered), including their subsidiaries, where the bond pertains to one or more directors appointed or nominated by the Central Government or a State Government. The indemnity bond must be furnished on behalf of the company by an authorised representative of the relevant administrative Ministry/Department of the Government of India or the State Government, not below the rank of Under Secretary or equivalent, thereby shifting authorised signatory responsibility from such directors to an eligible government officer for strike-off filings.....