MCA Notifies Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2023

The Ministry of Corporate Affairs(MCA) has notified Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2023 via issuing Notification.

The Notification, “In exercise of the powers conferred by sub-sections (1), (2) and (4) of section 248 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016.”

These rules may be called the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2023. They shall come into force on 01st May, 2023.

In the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 (hereafter referred to as the said rules), in rule 4,-

(i) for sub-rule (1), following sub–rule shall be substituted, namely :-

“(1) An application for removal of name of a company under sub-section (2) of section 248 shall be made to the Registrar, Centre for Processing Accelerated Corporate Exit in Form No. STK-2 along with fee of ten thousand rupees.”;

(ii) in sub-rule (3), clause (iv) shall be omitted;

(iii) after sub-rule (3) the following shall be inserted, namely :-

“(3A) The Registrar, Centre for Processing Accelerated Corporate Exit established under sub-section (1) of section 396, shall be the Registrar of Companies for the purposes of exercising functional jurisdiction of processing and disposal of applications made in Form No. STK-2 and all matters related thereto under section 248 having territorial jurisdiction all over India.”.

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