NO NEED TO FILE E-FORM MGT-14 FOR SOME BOARD RESOLUTIONS
Ministry of Corporate Affairs on 18th March 2015 has further amended ‘Companies (Registration Office and Fees) Rules 2014. This is third amendment in these Rules. This amendments shall come into force on the date of their publication in official Gazette.
After coming into force of this amendment, companies would not required to intimate ROC and file E-form MGT-14 for the following board resolutions.
- to take note of appointment(s) or removal(s) of one level below the Key Management Personnel;
- to take note of the disclosure of director's interest and shareholding;
- to buy, sell investments held by the company (other than trade investments), constituting five percent or more of the paid up share capital and free reserves of the investee company;
- to invite or accept or renew public deposits and related matters;
- to review or change the terms and conditions of public deposit;
- to approve quarterly, half yearly and annual financial statements or financial results as the case may be.
You can download the amended rules from the following link
http://mca.gov.in/Ministry/
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