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Core Purpose

Notification under sub-section (7) of section 125 and sub-section (1) of section 469 of the Companies Act, 2013 making the Investor Education and Protection Fund Authority (Manner of Recruitment and Terms and Conditions of Service of Public Relation Officer and Assistant Manager) Rules, 2024.

Detailed Summary

The Ministry of Corporate Affairs, in Notification G.S.R. 431(E) dated 11th July 2024, exercising powers under sub-section (7) of section 125 and sub-section (1) of section 469 of the Companies Act, 2013 (18 of 2013), makes the "Investor Education and Protection Fund Authority (Manner of Recruitment and Terms and Conditions of Service of Public Relation Officer and Assistant Manager) Rules, 2024," effective from the date of publication in the Official Gazette; the rules provide that the number of posts of Public Relation Officer and Assistant Manager of the Investor Education and Protection Fund Authority, their classification and pay-matrix level, and the method of recruitment, age limits and qualifications, are as specified in an annexed Schedule (not fully captured in the extracted text); they regulate conditions of service -- pay, allowances, leave -- and house rent allowance eligibility (subject to forfeiture where general pool residential accommodation is availed) and disciplinary proceedings in line with corresponding Central Government pay levels; bar appointment of any person who has contracted a bigamous marriage, subject to Central Government exemption where such marriage is permissible under the applicable personal law; empower the Central Government to relax any provision of the rules for any class or category of persons; and preserve existing reservations and relaxations for Scheduled Castes, Scheduled Tribes, Other Backward Classes, ex-servicemen and other special categories.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-22072024-255635 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 392] NEW DELHI, MONDAY, JULY 22, 2024/ASHADHA 31, 1946 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 11th July, 2024 G.S.R. 431(E).—In exercise of the powers conferred by sub-section (7) of section 125 and sub-section (1) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely:- 1. Short title and commencement. - (1) These rules may be called the Investor Education and Protection Fund Authority (Manner of Recruitment and Terms and Conditions of Service of Public Relation Officer and Assistant Manager) Rules, 2024. (2) These rules shall come into force on the date of their publication in the Official Gazette. 2. Number of posts, classification and level in the pay matrix. - The number of posts, their classification and level in the pay matrix attached thereto, shall be as specified in columns (2) to (4) of the Schedule annexed to these rules. 3. Method of recruitment, eligibility etc. - The method of recruitment, age limits, qualifications and other matters relating thereto shall be such as specified in columns (5) to (13) of the said Schedule. 4. Conditions of service. - The conditions of service of Public Relation Officer and Assistant Manager of the Investor Education and Protection Fund Authority in matters of pay, allowances, leave and other conditions of service shall be regulated in accordance with such rules and regulations as are for the time being applicable to the officers and employees of the corresponding pay level of the Central Government. 5. Accommodation. The Public Relation Officer and the Assistant Manager of the Investor Education and Protection Fund Authority shall have the option of claiming house rent allowance in accordance with the rate prescribed by the Central Government as applicable to officers of the corresponding pay levels of the Central Government: Provided that they shall not be eligible for house rent allowance in case they are declared eligible for general pool residential accommodation and occupy such Government accommodation allotted to them. 6. Disciplinary Proceedings. - The Public Relation Officer and the Assistant Manager of the Investor Education and Protection Fund Authority shall be subject to disciplinary proceedings as per rules and regulations applicable to officers and employees of the corresponding level in pay matrix of the Central Government. 7. Disqualification. - No person; (i) who has entered into or contracted a marriage with a person having a spouse living; or (ii) who, having a spouse living, has entered into or contracted a marriage with any person, shall be eligible for appointment to the said posts: Provided that the Central Government may, if satisfied that such marriage is permissible under the personal law applicable to such person and the other party to the marriage and that there are other grounds for so doing, exempt any person from the operation of this rule. 8. Power to relax. - Where the Central Government is of the opinion that it is necessary or expedient so to do, it may, by order, and for reasons to be recorded in writing, relax any of the provisions of these rules with respect to any class or category of persons. 9. Saving.- Nothing in these rules shall affect the reservation, relaxation in age limit and other concession required to be provided for the scheduled casts, the scheduled tribes, the other backward classes, the ex serviceman and other special categories of persons in accordance with the order issued by the central government. 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The Gazette of India EXTRAORDINARY PART III – Section 4 PUBLISHED BY AUTHORITY NEW DELHI, THURSDAY, MARCH 6, 2025/PHALGUNA 15, 1946 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 6th March, 2025 G.S.R. _______(E). – In exercise of the powers conferred by sub-section (1) of section 469 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, 2025. (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 (hereinafter referred to as the principal rules), in rule 3, after sub-rule (2), the following sub-rule shall be inserted, namely:- “(3) For the purposes of clause (b) of sub-rule (1) of rule 3, the application may be filed by a company, its creditor or member, after obtaining prior approval of the sectoral regulator, if any, and the Central Government.” 3. In the principal rules, in rule 8, after sub-rule (2), the following sub-rule shall be inserted, namely:- “(3) For the purposes of clause (c) of sub-rule (1) of rule 8, the company shall submit a declaration to the Tribunal, stating that it has obtained prior approval of the sectoral regulator, if any, and the Central Government.” [F. No. 09/01/2024-CL-V] ANITA SHAH AKELLA, Joint Secretary Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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