Corporate Updates – 26-02-2015


MCA has amended the Companies (Registration Offices and Fees) Rules, 2014, to notify new eForm GNL – 4 under the New Companies Act, 2013, which is a replica of eForm 67 prescribed under the old Act. Any further information or documents called for, in respect of application or e-form or document, filed electronically with the Ministry of Corporate Affairs shall be furnished in form No. GNL- 4 as an addendum. Accordingly, in rule 10, after sub-rule (6), new sub-rule (7) shall be inserted.


RBI has decided that overdrafts extended by banks upto Rs. 5,000/- in Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts will be eligible for classification under priority sector advances (‘others’ category) as also weaker sections, provided the borrowers household annual income does not exceed ` 60,000/- for rural areas and ` 1,20,000/- for non-rural areas. The above instruction come into effect from the date of this circular and seems to have a positive impact on the society.

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