Rule, 2015

Text

Reproduced from the document India Code holds for this instrument. The Gazette prints Hindi and English side by side and this is the English; the Department's own PDF remains the authority.

ffi& elte

EXTRAORDINARY

No. 3531 NNW DTLHI. SATLRDAY. MAY 30.20I5/IAISTIIA 9. Iq3.

2404 C!/20!J {1) 'tHE GAZETI'E OF INDIA: EXTRAORDINARY IPARr ll SEc.3(i)l "r€ ('Jfil 4T ..........................,......r 6I ..... .................,......,..... * 5t..... ....................... + 6T....,.............................. + I I THri GAZET] E OF INDIA: EXTRAORDINARY IPARr II-SEC. 3(iI Ft";

qqr *.

.r{rs .. .. ... ..... 20.....

tt';

MINISTRY OF CORPORATA AFFAIRS

NOTIFICA'TION

._^ ^ .c,S,R,442(t).-tn cxcrcis€ ofthe powers confened by secrion 7 read u,ith sub-sections (l) and (2) ofsection l . ( l ) l lrcsc rules may be cal lcd the Companies (lncorporarion) Sccond Amendmenr Rulcs, 20 15.

(2) lhey shallco'ne inro force liom rlc date oftheir publicalion in rh€ Officiatcazete. j. In rhc Companie' {lncorpomlionl Rutes, 10t4.

(a) in rlle 12, thc following proviso shal be inserrsd, nanrety:- r, "l'rovided rhut ;n case pursuing ofany ofthe objecb of a company requires regis&alion or approvar ft; sectoml rcgurarors such as Reservc Rank oflndiq.securiries and Bxchangc Board, regislrarion or uppio*r, u, rrr. lu.. n."v be' from such rcgularor sharr b€ oblain€d by rhe company befoic pr,rsuing iuch objec$ and a decrararion in this behalfsballbe submitred at the $age of incorporation otrhc company.,.;

(b) rule 24 shau be omined:

(i) for thc cxieiing Form INC-13 and Form INC-16, rhc following torm INC_l3 and Fon}l tNC-16 shall respectivcly be subsli{uted, namelyt THE CAZETTE OF INDIA : EXTMORDINARY {PAR',r Il-SEc.3(i)l 'Form No. INC-|3 Memorrtrdum of Aslociation l. The name ofthc company is ".,,,.........,,,,,,.",

2. Thc reghtered office ofthe company will be sitLtated in th€ Statc oC......................

3. The objects forwhich rhe company is esrablishcd are:

the doing ofall such oihcr lawful lhings as considered necessary for the fifiherance ofthe above objecis: Provided that the company shall nor support wirh its funds, or enaleavour to impose on, or procure ro b" observ€d Dy rts memDers or others, any regutation or reslriclion which, as an objecr ofrhe company, \rould makc it a trade fHerc eblet fi. nanc ofthe State a, Stat?\, and C the promotion ofits objects as set forth in this memoBndum.

(ii) No portion-ofthe profits, other income or prope(y aforesaid shall be paid or transfered, directly or indirectly, by way ofdividcnd, bonus or otherwise by way ofprofit, !o persons !!ho, at any time are, or have be€n, menbers of the company or to any one or more oithem or to any persons claiming through any one or mor€ ofrhem.

(iii) No remrn€ration or orher benefit in money or noney's worth sha be given by the company to any of ils nrenlbers, whcth€r omcenj or members of the company or nol exc€pt paymed of out-of_pocket expenses, rcasonable and proper inlerest on money lent, Or reasonablc and propcr rent on prcmises let to ths cornpany.

(iv) Nothing in this claus€ shall prevent the paymen! by the company in good faith ofprudent remun€mtion to any of its officers or servants (nor being memb€ff) or 0o any other person (not being membe.), jn retum for any services actually rendered to the company.

(v) Nothing in clauses (iii) and (iv) shallprcventthe payment by the company in good faith ofpruoenl remunemlon ro any of its members in return for any services (not being services ofa kind which are required to be rendered by a membcr), actually rendered to the companyl 6 No alteration shall bc made to this m€morandum ol dssociation orto the anicles ol association ofthc comDanv which arc lor the time being in force, nnless the alteration has been pr€viously submirled to and approvcd bi rh; Regisirar.

7. The liability ofthe members is limit€d_

8. IFORCOMPANIES LIMITED BY GUARANTEEJ Each member, undenakes to contributc ro the assets ofthe company in thc event of iB being wound up while he is a member or within one year afterwards, for paymcnr ofthe debls or liabilities ofihe company contmcicd before he c€ases to be a member and ofrhe costs, charges and expcnses ofwinding upt and for adjustrnent of the rights of rhe contributories amoog thcmselvcs such amount as may be requircd not exceeding a sum ;f fu. ................ IFOR COMPANIES LIMITED BY SIIARES] l he share capitalofthc company willconsist ofRs. ................ divided jnto.................. shares of............._... rupees

(l) Tru; alcounls shall be kepl of all sums of money reccived and expended by the company and tic matters in respect of which such receipts and erpenditure take place, and of thc propedy, dediis and liabilities of the compnny; andr subjcct to any rcasonabl€ r€strictions as to the time and rnanner ofinspecting thc same that may b€ imposed in accordance w;rh the regulations ofthe company for rhe time b€ing in 6rce, the accounts shal be open 10 {he inspcction oflhe members.

(2) once at least in every year, the accounls ofthe company shall be cxamined and the correcincss ot rhe balarioc, shccl and $e incomc and expenditure accouni asccnained by one or more pmperly qualified audilor orauditors. "*10. If upon a winding up or dissolurion of the company, thcrc remaalts, liabilities, any propcrty whalsoevet rh€ same shall not be distributed after thc satisfacrion of all rhe debts and amongst the menbers of th€ companv but shall be given.or transferred to such other cohpany having objects similar to Lhe objects ofthis company, subjcct llj,l:l^.:.llil::: 1 F" rribunal may impose. or may beiotd'and proceeds ther""i...ai,"ji" ,r," r.r,ouifi,u,t""and hrso lvency Fund formed under secrn i 269 o f tl,e Act. gan be amargamared only with anothcr company regjslered under sectjon 8 ol rhc Acl and havingslm'tar obJccts. 12 w€, dr€ .ever?r peBons whose narnes, addresscs. descriplions and occupalions arc r)ercunro s'bscribcd arcdesrrous of being formed inro a company not for pfofit, in pursuance orthis J.","r".arn' "i Nanres, addrcsses, descriptions and occupations ot srbscribers: |'''-'''......'-'',.,,.''''..'''of 2............................ .... ....of.......-.....,................,

1. .. . ....... .... ... . of...... .--.....- ..........-..* .................of...................... ..........

Wihcsscs t(r the abote s)gnatures ol Dated drc.................... day of............ ......20.... *lfthe association js a company Iimited by shares, here enrcr "number ofshares" raken by cach subscriber.

Norc: scction 8 company \yhich js an Erectoraj 'Iiusr as per the Electoml rrusrs scheme. 2013 rcad with sccrion ""l ltctoral Irusl or may sInd up ord,ssotle onty aRer;i\bursrs "l'orm No. INC'-16 Liccnce under s€crion 8 (l) ofthc Compsnies Act.20t3 [See rule 20 the Companies (tncarporction) ]tutes,20t41 rcgrslcred ae a 0ompany !nder the Companies Acl._2013, for pronoting oLjects otthe narurc specified in clousc (a)ol sub-scction (l) ofsecrion 8 ofrhe said Act. and thal il inicnds lo;pplv ns prutits, rt a,1v,'o. urner rncomc,nopronca) rD prcmuLinB jrs o\ccl, dna ro prohibir $( pa, flcnl ot'any dr! idend ro i.s mcmb|r,: NOW, THBREIORE, in cxcrcise ofdr€ powers conferred by seclion I oflhc satd Acl, I, ihe Regjslr.ar ar ..........., hereby grant, rhh Licence. directins rhat the saidrerson ()r as$eiarion or p(rsuns be registered as a conrpany wlu name. sLrbicct tolhe lbllowing conditions. namel).,

(l) lhat the said companv shar in arl rcspecrs be subjecl (o and govcrned by 1he conditions and provisro's contained in ils menorandun ofa\sociarron:

rhar,rhc profits. ifany or orher income and nroperry oflhc said rompany, s.hensoever dcrived, sha bc appxsr sorery ror the promotion ot the objecl as sel fonh in irs memorandurn of associstion aod rhat noponion thereofshall be paid or rransferred, dirccrly or indrectty, by wa) of dividend, bonus,;r oftcrwb& by way dl prollt. to personq who at anv time are or hdvc b(cn membe,s oi rhe said ,ornpanv .r ro a"y ofifrlm 0r to any pcrson claiming tlrough any ooe ormorc oftheor:

(l) lbar no rcm.neration or other benefit in money or moncy,s wodh shalt be given bylhe company to any ot.its mcmbe$ excepr payment ol out-oi-pocket €xpenses, reagonable ana pioper intc.est on money tent, or reasonable and prcper rent on premiscs letto thc conpany;

(4) lhrt nolhing in,lh;s clausc sharr prevent the pavmcnr b) lhe cumpdny in good raith ofprudenr remuneration for uny seNiccs actuatty rendere{:t to the companyi

(5) that nothing in clauses (3). (4) and (5) shalt prevrnl the payncnt by thc conpanv in good faitb otprudenl rcmuneration 1o any of its nembers in reiurn lif any seruices lriot teing ierviccs;f a kind which are rcquhcd ro be reDdercd by a member), actually rendercrj ro the compally; ' TIJE ,CAZETTE OF TNDIA I EXTRAORDINARY IPART II-SEC.3(i)I Notc:' The priticipar rures were pubrishcd in rhe cazette oflndia, Extraordinary parr-Il, section j, s$b-section (i), vide ,number C.S.R.2s0 (E) dated rhe J tr March,2Ot4 and subsequenrly aminded vii" *'ot* CS* faig),iia tii j

(6) that no atterarion shur b".ud. to th" r"'no.aniGlGio-iiiiiii6iiffiociation of tle companylwhich arg for the time being in force, unless the altlration has been peviously "ulmilei to ana approvea Uy tt eRegisfaf;

-,t, t;*ff.Trr#":llje amalgamated onty wirl another company resisrered under section 8 or the Act and iavins lhar.witho-ut prejudice to action under any raw for the rim6 b€ing in force, this Licence sha be riabre ro bc revoked. if the company:

(a) conr*ven€s any ofthe reqtiirements of scction E ofthc Act or the rures made ther€under or any ofthe conditions subject to wtlich a Licence is issued;

(b) iftfie atrairs ofthe company are conducred frn dulenrly or in a manner violative ofihe objects ot the company or prejudiciatto public inrercst ?{1:11ii-:Ltl:-l::ry-rax Act. 1e6l mar amatsamale wiih another section 8 cornpanf havins the object ot an

(ii) Forn) INC-2 | shali be orni.tcd.

and pubrhhed b) the Contro er ofpubticadons. Dethi,i 10054.

Provisions this rule answers to

Read out of the instrument itself: an enabling provision is one it says it was made under, which is the power it rests on. The rest it names without resting on.

Other instruments under the same Act

All of the The Companies Act, 2013