April 2010
New Form 68 (vide Notification GSR 177(E), dated 5-3-2010) pertaining to application for rectification of mistakes apparent on record in e-Form 1A, e-Form 1 and Form 44 with effect from 14-3-2010.
By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Brijesh Cholera, Pratik Mehta | Chartered Accountants
Sejal Vasa | Company Secretary
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New Page 1
Part D : Company Law updates
16 New Form
68 (vide Notification GSR 177(E), dated 5-3-2010) pertaining to application for
rectification of mistakes apparent on record in e-Form 1A, e-Form 1 and Form 44
with effect from 14-3-2010.
Under the Notification
u/s.20G(1), an application for rectification of mistakes made while filing Form
No. 1, Form No. 1A and Form No. 44 electroncially on the Ministry’s website,
shall be made to the Registrar of Companies in Form No. 68 and such application
shall be accompanied by fee of Rs.1000 for rectification of mistakes in Form No.
1 and Form No. 1A, and Rs.10,000 for rectification of mistakes in Form No. 44,
respectively. An application in Form 68 complete in all respects shall be made
to the Registrar within 365 days from the date of approval of Form No. 1, Form
No. 1A and Form No. 44, respectively by the Registrar.
This rectification of
mistakes is also applicable to Form 1, Form 1A and Form 44 approved by the
Ministry prior to 14th March, 2010 and the mistakes shall be examined, approved
and intimated to the applicant within 60 days of filing the Form. It is also
provided that the rectification of mistakes shall be allowed only once in
respect of one company.
