Re: G.S.R. 801(E).— OFFICIAL GAZETTE NOTIFICATION FOR DESIGNATING A PERSON FOR NOTIFYING BENEFICIAL INTEREST IN THE SHARES

[R V Seckar]

On Sat, Oct 12, 2024 at 6:50 PM R.V. SECKAR via LinkedIn <newslette...@linkedin.com> wrote:

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New…

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UPDATES ON CORPORATE LAWS Key Changes in the Amendment 1. Substitution of Form MGT-6 -Declaration of Beneficial Interest G.S.R. 801(E).— OFFICIAL GAZETTE NOTIFICATION FOR DESIGNATING A PERSON FOR NOTIFYING BENEFICIAL INTEREST IN THE SHARES R.V. SECKAR Read this article on LinkedIn to join the conversation Read on LinkedIn MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi,                                                      the 27th October, 2023 G.S.R. 801(E).— In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Management and Administration) Rules, 2014, namely:-  1.  Short title and commencement.- (1) These rules may be called the Companies (Management and Administration) Second Amendment Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gazette.   2.  In the Companies (Management and Administration) Rules, 2014, in rule 9, after sub-rule (3), the following sub-rules shall be inserted, namely:- “(4) Every company shall designate a person who shall be responsible for furnishing, and extending co-operation for providing, information to the Registrar or any other authorised officer with respect to beneficial interest in shares of the company.   (5) For the purpose of sub-rule (4), the company may designate- (i) A company secretary, if there is a requirement of appointment of such company secretary under the Act and... Keep reading on LinkedIn

This email was intended for R.V. SECKAR (PRACTICING COMPANY SECRETARY ,REGISTERED INDEPENDENT DIRECTOR, CONSULTANT IN FEMA , INSOLVENCY LAWS AND CORPORATE LAWS ) Learn why we included this. You are receiving LinkedIn notification emails. Others can see that you are a subscriber. Unsubscribe   ·   Help © 2024 LinkedIn Corporation, 1‌000 West Maude Avenue, Sunnyvale, CA 94085. LinkedIn and the LinkedIn logo are registered trademarks of LinkedIn.

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CS R.V.Seckar

Practicing Company Secretary 

Registered Independent Director 

 CP NO:  20565

JIO- 79047 19295

Pl do visit my blogs :

http://www.rvseckarcompanylaw.blogspot.com/

http://rvseckarfema.blogspot.com/

[Shubhra garg]

Is it for every company or for companies having beneficial interests?

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CS Shubhra Garg

[R V Seckar]

As per above notification Every company

CS R.V.Seckar

Practicing Company Secretary 

Registered Independent Director 

 CP NO:  20565

JIO- 79047 19295

http://rvseckarpracticingcompanysecretary.com

Pl do visit my blogs :

http://www.rvseckarcompanylaw.blogspot.com/

http://rvseckarfema.blogspot.com/

To view this discussion on the web visit https://groups.google.com/d/msgid/csmysore/CADnacERTfq7fuUasr4EmU_haYTtUdquyP3dvwOo2hTw3-CyZDQ%40mail.gmail.com.

[Shubhra garg]

But sir it says 

with respect to beneficial interest in shares of the company. 

If there is no beneficial interest then also we have to authorize a person?

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CS Shubhra Garg

[Law Firm]

The very purpose is to ensure there is a responsible officer of the entity overseeing and reporting the beneficial interest. As such, the appointment is mandatory and he or she may report a negative affirmation as well.

Thus,a compulsory obligation on part of the Company. 

PVR LAWS 

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[Manisha Bajaj]

Can we authorise 1 director or every director is responsible. becoz under the new amendment it says every director...

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Thanks & Regards,

Manisha Bajaj & Associates

Company Secretaries

Ph No:9819812361.

[Nishant Jain]

(5) For the purpose of sub-rule(4), the company may designate-

 

(i) a company secretary, if there is a requirement of appointment of such company secretary under the Actand the rules made thereunder; or

 

(ii) a key managerial personnel, other than the company secretary; or

 

(iii) every director, if there is no company secretary or key managerial personnel.

 

(6) Until a person is designated as referred under sub-rule (4), the following persons shall be deemed to have beendesignated person;

 

(i) company secretary, if there is a requirement of appointment of such company secretary under the Act andthe rules made thereunder; or

 

(ii) every Managing Director or Manager, in case a company secretary has not been appointed; or

 

(iii) every director, if there is no company secretary or a Managing Director or Manager. (7) Every company shall inform the details of the designated person in Annual retur

Nishant jain

8470877451

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