Notification date: 30th May 2022
G.S.R. 401(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with sections 230 to 240 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 namely :-
1. Short title and commencement.‐
(1) These rules may be called the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2022.
(2) They shall come into force on the date of their publication in the Official Gazette
2. In the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (hereafter in these rules referred to as the said rules), in rule 25A, after sub-rule (3), the following sub-rule shall be inserted namely:
"(4) Notwithstanding anything contained in sub-rule (3), in case of a compromise or an arrangement or merger or demerger between an Indian company and a company or body corporate which has been incorporated in a country which shares land border with India, a declaration in Form No. CAA-16 shall be required at the stage of submission of application under section 230 of the Act.".
3. In the said rules, in Annexure A, after Form No. CAA-15, the following Form shall be inserted namely:
FORM NO. CAA.16