MCA Notifies Companies (Meetings of Board and its Powers) Amendment Rules, 2017

Companies (Meetings of Board and its Powers) Amendment Rules, 2017 notified by MCA

The MCA has notified the Companies (Meetings of Board and its Powers) Amendment Rules, 2017, applicable w.e.f. 30 Mar. 2017, as under:

G.S.R. 309(E).—In exercise of the powers conferred under sections 173, 175, 177, 178, 179, 184, 185, 186, 187, 188, 189 and section 191 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Meetings of Board and its Powers) Rules, 2014, namely:

1. (1) These rules may be called the Companies (Meetings of Board and its Powers) Amendment Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Companies (Meetings of Board and its Powers) Rules, 2014, in rule 15, in sub-rule (3), in clause (a):

(a) in item (i), item (ii), item (iii) and item (iv), for the words “exceeding ten per cent.” wherever they occur, the words “amounting to ten per cent. or more” shall be substituted; and

(b) in item (iii), for the words “ten per cent. of turnover” the words “ten per cent. or more of turnover” shall be substituted.

Companies (Meetings of Board and its Powers) Amendment Rules, 2017: MCA Notification dt. 30 Mar. 2017

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