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July 2013

Applicability of Regulation 17(6) in processing the work items.

By Sejal Vasa, Company Secretary
Reading Time 1 mins
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Vide Circular No 10/2013 dated 8th May 2013, the Ministry of Corporate Affairs has amended the Regulation 17(6) Of Companies Regulations, 1956 which read as “the Registrar shall not keep any document pending for approval and registration or for taking on record or for rejection or otherwise for more than 120 days from date of filing excluding the cases in which an approval from the Central Government or Regional Director or Company Law Board or any other competent authority is required.”

to

“with the approval of Competent Authority, henceforth under the provisions of Regulation 17(6) of the Companies Act, 1956, ad hoc work items may be created to extend the validity of the work beyond the time limits prescribed under the Regulation by the ROC concerned.

The ROC concerned shall record the specific reasons for creating the ad-hoc item. Details of the adhoc work items, reasons for creation shall be intimated to the RD every fortnight.”

For full version of the circularhttp://www.mca.gov. in/Ministry/pdf/General_Circular_10_2013.pdf

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