Corporate Updates 16 June 2014


1. MCA has notified the new Form SH – 4 for transfer of Securities under the provisions of Section 56 of the Companies Act, 2013 read with Rule 11(1) of the Companies (Share Capital & Debentures) Rules, 2014 w.e.f 01-04-2014. Now MCA has issued the Clarification for use of old Share Transfer Forms for the transactions executed before 1st April, 2014, that since the transaction relating to transfer of shares is a contract between two or more persons/shareholders, any share transfer form executed before 1st April, 2014 and submitted to the Company concerned, needs to be accepted by the Companies for registration of transfers, if all other documents are in order.

2. MCA has clarified that under the provisions of the Section 179 & 180 of the Companies Act, 2013. The powers of the Board of Director relating to the issue of duplicate certificates may be delegate to the Committee of Directors of the Company subject to any regulations as may be imposed by the Board in this regard.

3. Version of the Form CHG-4, Form DIR-6, Form GNL-1, Form INC-7, & Form 21A & Form 20B have been revised. Only new version of these eForms will be acceptable, stakeholders are requested to plan accordingly and ensure that you have downloaded the latest version for filing and uploading the latest version only. Form-wise date of last version change is available at on the website of MCA, to view & download, the list of all such Forms, please Click Here.

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