Updates under MCA as on 5th Feb 2020.

National Company Law Tribunal (Amendment) Rules,2020. (1) These rules may be called the National Company Law Tribunal (Amendment) Rules,2020. (2) They shall come into force on the date of their publication in the Official Gazette. \"80A. Application under section 230. - An application under sub_ section (12) of section 230 may be made in Form NCLT-1 and shall be - accompanied with such documents as are mentioned in Annexure B. In the principal rules, in the SCHEDULE OF FEES, after S.No .22 and the entries relating thereto, the following shall be inserted, name

22A Sec 230(12) Application in cases of takeover offer of companies which are not listed. Rs. 5,000

In the principal rules, in Annexure-B, after S.No .12 and the entries relating thereto, the following S.No . shall be inserted, namely

12A Sec 230(12) Application in cases of takeover offer of companies which are not listed. l.Affidavit verifying the petition2. Memorandum of appearance with copy of the Board's Resolution or the executed vakalatnama, as the case may be3. Documents in support of the grievance against the takeover.4. Any other relevant document.

Nidhi (Amendment) Rules,2020. (1) These rules rnay be called the Nidhi (Amendment) Rules,2020. (2) They shall come into force on 10rt' February, 2020. For Further : View Circular Compromises, Arrangements and Amalgamations Amendment Rules,2020. (1) These rules may be called the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules,2020. (2) They shall come into force on the date of their publication in the Official Gazette.

In the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, (hereinafter referred to as the principal rules), in rule 3, after sub-rule (4), the following sub-rules shall be inserted, namely: -

\"(5) A member of the company shall make an application for arrangement, for the purpose of takeover offer in terms of sub-section (11) of section 230, when such member along with any other member holds not less than three-fourths of the shares in the company, and such application has been filed for acquiring any part of the remaining shares of the company. Explanation I. - \"shares\" means the equity shares of the company carrying voting rights, and includes any securities, such as depository receipts, which entitles the holder thereof to exercise voting rights. Explanation II.-Nothing in this sub-