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Core Purpose

This notification introduces the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2025, to further amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016.

Detailed Summary

The Ministry of Corporate Affairs, exercising powers conferred by sub-sections (1), (2), and (4) of section 248 read with section 469 of the Companies Act, 2013 (18 of 2013), issued Notification G.S.R. 940(E) on December 31, 2025. This notification enacts the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2025, which come into force on the date of their publication in the Official Gazette. These rules amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016, by inserting a new proviso in rule 4, sub-rule (3). This new proviso specifies that for any Government Company, including its subsidiaries, where directors are appointed or nominated by the Central Government or State Government, the indemnity bond in Form STK-3A must be provided by an authorized representative, not below the rank of Under Secretary or equivalent, from the administrative Ministry or Department of the Government of India or the State Government, on behalf of the Company. The principal rules were initially published vide G.S.R. 1174(E) dated December 26, 2016, and have been subsequently amended by several notifications, including G.S.R 355(E) dated April 12, 2017, and G.S.R. 354(E) dated May 10, 2023.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-31122025-268958 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 854] NEW DELHI, WEDNESDAY, DECEMBER 31, 2025/PAUSHA 10, 1947 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 31st December, 2025 G.S.R. 940(E).β€”In exercise of the powers conferred by sub-sections (1), (2) and (4) of section 248 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 (Removal of Names of Companies from the Register of Companies) Rules, 2016, namely:- 1. Short title and commencement. β€” (1) These rules may be called the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2025. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016, in rule 4, in sub-rule (3), after the proviso, the following proviso shall be inserted, namely: "Provided further that in case of any other Government Company, including its subsidiaries, the indemnity bond in Form STK-3A, in respect of one or more directors appointed or nominated by the Central Government or State Government, shall be given by an authorised representative not below the rank of Under Secretary or equivalent, in the administrative Ministry or Department of the Government of India or the State Government, as the case may be, on behalf of the Company.". [F. No. 1/28/2013-CL-V(Part-III)] BALAMURUGAN D., Jt. Secy. Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3 of Sub-section (i), vide number G.S.R. 1174(E), dated the 26th December, 2016 and subsequently amended, vide notification numbers G.S.R 355(E), dated the 12th April, 2017, G.S.R 350(E), dated the 8th May, 2019, G.S.R 420(E), dated the 29th June, 2020, G.S.R. 436(E), dated the 9th June, 2022, G.S.R. 658(E), dated the 24th August, 2022, G.S.R. 298(E), dated the 17th April, 2023 and G.S.R. 354(E), dated the 10th May, 2023. 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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