General Circular No. 15/2014, Dated: 9th June, 2014
Subject: Clarification regarding maintaining register in new format [sub‑section (9) of section 186] – reg.
This Ministry has received various. communications seeking clarification regarding sub-section (9) of section 186 read with sub-rule (1) of Rule 12 of the Companies (Meeting of Board and its Powers) Rule, 2014 with regard to maintenance of register of loans/guarantee/security/making acquisition in new format.Online GST Certification Course by TaxGuru & MSME- Click here to Join
2. In this connection, it is hereby clarified that registers maintained by companies pursuant to sub-section (5) of Section 372A of Companies Act, 1956 may continue as per requirements under these provisions and the new format prescribed vide Form MBP2 shall be used for particulars entered in such registers on and from 1.4.2014.
3. This issues with the approval of the Competent Authority.