o
[Io bc plrbLished in tlrc Cazcite oi lndia, F.rtrnu |1r4. Pdrt Il, Secnon i. Sub-
stion (i)l
Govcmment oI ln.lia
MINISTRY OI CORI'ORAI I] AT'IIAIRS
Notification
N.!! | )clhi, 1" O.iober, 2016
G.S.R......(I).-htx.rciseofth.po$'ersconft'rreclbvsub-sc.tions(l)ind
(2) of scctnnr 469 d thc com|'anics Aci,2013 {18 of 2013)' tlt ccftril
Govemment hercb! makes the fol!(Ni,r8rules iurthernr amend theComPa'rics
( In.-orF)ration) Rulcs, 20lt nann'ly:-
l. (1) lese rules nuy be .all('d lhc ConrPrnics (ln.orporation) fourth
Amendmellt Rules, 2016.
(2)Save as otheffis. Prolil1ed, thre rules shall.ome into f(r.e on thc date of
thelr publication in the Ofln:ialGa7ttc
2. In thc Companies (IrtorPoraircn) ltulcs, 2014 (kreinalter rcicrted k, as the
prin(ipal ruk's), iD .ulc 31, for suluult' (2), the l(rilou,ing shnll bc substitutcd,
"(2) subicct 1o the p(,visi(n oI subjulc (1), fo effe.ting the (onversion of a
fublic comPanY into d frivaie..ffFary" a.of! of ordor ol the
I ril'unal
approvinB the altentlnnr, shalt bc filed lvith the Registrar in Irorm No lC'27
with fc together with lhc print.{ coP.} of altercd articles lvithin fift@n dals
from thed|k'otrcce41tof theo.dcrfrom the lribunal"
3. ln the principal rules, aftet rule 37, the following rulc slrall bc inserted, with
effe.t lrom 2^rOctobcr 2016, natncly:
"38. Simplifn'd Protorlna for lncorPorating ComPany Ele.troni.allv (sl'lcli)
(l) The sinrplified integratcd pro.ess for incorPofation of in I ornl
a companv
No. rNC-32alongwith c-Memoran(lum of lssociation inlitrm No LC'33 and
e ,tticl.sof Associati(lr in lorm No.INC-34.
(2) Thc provisbns of sub-.ule (2) k, subrulc (13) of rulc 36 slull appl! riirrdr'
, tnr,/is fd hcorPoralbn un.ler lhis rule
I l'fovided that for the Furposes of relcrcnces to fonn numbcrs tNC 29, tNC-
30 nnd INC-31in rul.:16 with Form No. INC-32, Form na. INC-33 and li,rm
No. lC-34 sha ll tx. substitDted rst{! tilclv-
4 ln thc prin ipal .uk.s, after tule 3u { so inserted thcsc rules, ihe folkJwing
rule shall be inserted with elfect from 1r' November,20t5, namelv:
"39. Convercion oI a company limited by guarance into a companytinlfted
by shares (1) A company otber than i comFan! regist(r,.t uder *ction 25
of lhc Companies A(t, 1956 or e.ti('n 6 of the ComFanie A.L 2013 md!
.onvert itself irno a ()mpany limitcd sharcs.
(2) the company seking conversion shallhave a share .apitat equivalcnr to
thc guardtcc aDount.
(l) A spNiat resolution is pa$d b, its members authorising sudr i
roDv.Bnh omjttin| thc guarmtcc clausc inits Vcmomnctum ofAsecllrion
and alt.ring thc A.ti.lcs of As$.iati()n to provi.l. l(r ihe arti.les rs irc
nppli.able fortlcompany limited bv slMres.
(4) A.opy of th. spc.ial rcsolutnD shall bc fik'd with ihc Rcgisrrdr ot
conpanies inForn] no. NlCTl,l t!irhitr rhirtv da!s fr(nn the dateofpassi,rg
ot th. same alonS with fe as prcs{ribcd in n the ComFarn6 (Registr.ltion
Ofli(cs and Fees) Itulcs,20l4.
(5) An applicatjon if
lbnn No lNC,27 shall bc filcd with itrc Rcgjslrar of
C(tnpanics within thirty dars f(,n .1ate of thc prssing of thr spc.irl
resolutior enchsinB the altcrcd lvrlnornndum of Associarion and dlt(ycd
A rti.lcs of ,{ssNiation and a list of |nenrlt6 s ith the nu,nber oI sha.e, hcld
allltrogating to a minimum paicl up c.pilal whi.h is .quivatcnt to thc amounr
of Suarante hiih.r t() prcvided bv its m mbers.
(6) lhc Itegistraf of(inrpdrlies shill t.rko a.te.:isi()n or tho applnlti,D filrtl
ullder these rulcs wi$h thhg ddys ironr thc dato oi fc(ciFi of appln.alk)n
comPlete iD all resFst. a.d uPon app.oval of Form No. INC-22 the
comPany shall be issued $,ith a certificateof in.orporalioi in Fo.m No. INC-
l t.".
a Fom No. lN( -l ld fom shall be
3. In the principle rules, aftcr the the followin8
"Fom No. INC-l1B
Crrtificate of Incorpordtion pGunt to coNrsion of a company limid
by gudant into a company limited by Bhds
lPursuant io secrion 18 oftheCompanies Act,2013 read with n'le 39 of th
Companies (In orporation) Rules, 20141
I hereby certify that...............(name of the company Fior to convEion)
limited by guaranbe has been converted into-. -......(name of dt company
-
aftet conversion) a company limited by shares with efiect from the date of
The CIN of the company is.
Given under mv hand at............... this..................... day of .
two thousanct... -......,.,, ,,.,
SEALI
Registrd of Companies
(State).".
6. ln the pnnciple ruls for Fom No. INC-22 the following form shall be
Eubstitut!i, namelyr
a Conv.Bion of plbli. comp.ny
"FORI{ ]{O. rNC-27
Itu 6tur..dtaot6. into pnvale @mpany or p.ivate
.ohp.ny into publi. @mpany
and conv.r6lon ot Unllnlt.d
rlablllty comp.ny Into .
comp..y Llmitcd by 3haE o.
g|larantc or conve.slon ot
guarante .o.npany into a
.onDa.v limitd by 3h.ro3
1 . Application tor o Conversion of private company into public company
o conveEion of public @mpany into priv6te ompany
o conveGion of unlimited Liability company into company umited
by shares or guarantee
o Conve6ion of @mpany limited by guarantee Into a company
limited by shar6
2. (a) Corporate identity numbe(clNl of conpany
(b) Globar Locahon Number
3. (a) Name of the company
(b) Address or rgistered ofiice
'Part(ulaB or r'l'ng Fom No. MGT.l4 w'th Reg'strar or Compan'es (RoC)
(a) sRN of fom No. MCT-14
of passlng rhe spe(lalregolution
of flllnq Fom No. MGT-14
of the order ofTribunal
6, the company at the nme of be drsplayed 'n the
'ncorporaton 0o
7. (a) Details or members p@nt at the meting whre thedecrsrd of @nv6ion
was taken and number orshares held by them
(il 'Nunber or membeE
(ii) Number or shares held
(iii) Totalamount or guaranree
O (b) Detalls of the members who voted in favour ofthe prooosaidnd numberof
(i) 'Number or membeG
(li) N!hber of shares held
(c) Details of the members against the proposaland nuoberof shares
(i) rNumbr or menbers
(ii) Number or shares held by them
(dl DP d 5 of meFber $ho dbrdired lron vorr.9 cro rLrbe of sFd F -Fld b/
(r) Number of membe6
(ri) Number or shares herd by rhem
1.
2.
'Minutes of th membeE mftting,
- Copy of altered f4morandum
Articles of Associarion;
-^*t
fGrt
3. order ror condonaton of delay f any; f^;*l
4. 'Copy of special reso uUon; f^*.h l
5. rCoDy of newspaper pLblicatonj
6. order of TribunaLj t;;;l
7. D
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