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Core Purpose

Amends the Companies (Prospectus and Allotment of Securities) Rules, 2014 by inserting a proviso related to compliance deadline extension for certain private companies.

Detailed Summary

This notification issued by the Ministry of Corporate Affairs amends the Companies (Prospectus and Allotment of Securities) Rules, 2014. A new proviso is inserted into sub-rule (2) of rule 9B, granting an extension until June 30, 2025, for private companies (excluding Producer companies and those not classified as small companies as of March 31, 2023) to comply with the sub-rule's provisions. This amendment is declared to have retrospective effect without adverse impact on any person's interest. The original rules were published under G.S.R. 251(E) dated March 31, 2014, and previously amended by G.S.R. 583(E) dated September 20, 2024.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-13022025-260939 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 98] NEW DELHI, WEDNESDAY, FEBRUARY 12, 2025/MAGHA 23, 1946 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 12th February, 2025 G.S.R. 131(E).β€”In exercise of the powers conferred by section 26, sub-section (1) of section 27, section 28, section 29, sub-section (2) of section 31, sub-sections (3) and (4) of section 39, sub-section (6) of section 40 and section 42 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Prospectus and Allotment of Securities) Rules, 2014, namely:- 1. (1) These rules may be called the Companies (Prospectus and Allotment of Securities) Amendment Rules, 2025. (2) They shall come into force on the date of publication in the Official Gazette. 2. In the Companies (Prospectus and Allotment of Securities) Rules, 2014, in rule 9B, in sub-rule (2), after the proviso, the following proviso shall be inserted, namely: "Provided further that a private company, other than a Producer company, which is not a small company as on 31st March, 2023, may comply with the provision of this sub-rule by 30th June, 2025.". [F. No. 1/21/2013-CL-V] BALAMURUGAN D., Jt. Secy. Explanatory Memorandum.β€” It is hereby declared that by issuing the notification with retrospective effect, the interest of no person shall be adversely affected. Note.β€”The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 251(E), dated the 31st March, 2014 and lastly amended vide notification G.S.R. 583(E), dated the 20th September, 2024.

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