Regulatory Update : Ministry of Corporate Affairs on Commencement Notification dated 27 July 2018

The Ministry of Corporate Affairs(“MCA”) on 3 January 2018 notified the Companies Amendment Act 2018 (the “Act”). The Sections 5 & 6 of the Act relaxed the timelines provided under section 12 of the Companies Act 2013 (The “Principal Act”). The MCA has relaxed the timelines provided under the Principal Act and amended the sections 12 of the Principal Act and modified as follows:

  1. Within 30 days of its incorporation and at all times thereafter, should have its registered office and inform the same to Registrar of Companies.
  2. Notice of every change of the situation of the registered office, verified in the manner prescribed, after the date of incorporation of the company, shall be given to the Registrar within 30 days of the change in form INC-22, who shall record the same.

Therefore, the amendment now provides sufficient time to Companies to file the notice of situation/change in Registered office to Registrar. Sources: http://www.mca.gov.in/Ministry/pdf/CommencementNotiAmendment27_30072018.pdf http://www.mca.gov.in/Ministry/pdf/CAAct2017_05012018.pdf

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