Govt. has notified Companies (Management and Administration) Amendment Rules
- Blog|News|Company Law|
- 2 Min Read
- By Taxmann
- |
- Last Updated on 8 April, 2022
Latest from Taxmann
Notification no. G.S.R. 279(E), Dated: 06.04.2022
The Govt. has notified Companies (Management and Administration) Amendment Rules, 2022. As per the amendment rules, a new sub-rule (3) has been inserted into Rule 14 to provide that certain particulars of Registers, Index or Return of a member of a company namely a) Address/registered address (in case of a body corporate) b) e-mail ID c) Unique Identification Number d) PAN Number shall not be made available for inspection. Further, taking extracts or copies under sub-section (3) of Section 94 of the Companies Act 2013 is also not allowed.
As per Section 94 (2) of the Companies Act, 2013, Companies are required to keep registers and their indices open (except when they are closed under the provisions of this Act) for inspection by any member, debenture-holder, another security holder, or beneficial owner, during business hours without payment of any fees and by any other person on payment of such prescribed fees.
Further, Section 94(3) empowers any such member, debenture-holder, other security holder or beneficial owner, or any other person to take extracts from any register, or index, or return without payment of any fee, or require a copy of any such register or entries therein or return on payment of such prescribed fees.
Comments:
Details such as e-mail id, address, PAN, and UID are highly confidential and personal in nature. Open disclosure of the same is prone to misuse. As we see that PAN details are used by miscreants to carry out fraudulent transactions such as obtaining loans, opening bank accounts e.t.c. or carrying out bogus transactions. The amendment is a welcome step and was much needed to protect the privacy of members, debenture holders, etc.
Click Here To Read the Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
