Corporate Updates 09 May 2014


It has been observed by the ROC at the time of examining the submitted INC-7 e-forms that stakeholders are using old format of Memorandum and Article of Association. In this regard stakeholders are requested to follow the format prescribed under Schedule I of the Companies Act, 2013 to avoid re-submission or rejection of the form.

Version of Forms INC-1, INC-7, CHG-1, CHG-4, CHG-6, CHG-9, SH-7, MR-1 has been updated on 08-05-2014. Please ensure that you have downloaded the latest version and uploading the new version of the forms only. Further


RBI vide its Circular dated on 6th May 2014, allowed to open and operate savings bank accounts independently, by Minors above the age of 10 years and A savings /fixed / recurring bank deposit account can be opened by a minor of any age through his/her natural or legally appointed guardian. Banks are free to offer additional banking facilities like internet banking, ATM/debit card, cheque book facility etc., subject to the safeguards that minor accounts are not allowed to be overdrawn and that these always remain in credit.

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