Companies (Registration of Charges) Amendment Rules, 2022

MCA notifies Companies (Registration of Charges) Amendment Rules, 2022 and inserted sub-rule (5), which is as follows:-

(5) Nothing contained in this rule shall apply to any charge equired to be created or modified by a banking company under section 77 in favour of the Reserve Bank of India when any loan or advance has been made to it under sub-clause (d) of clause (4) of section 17 of the Reserve Bank of India Act, 1934 (2 of 1934).

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 27th April, 2022

G.S.R. 320(E).—In exercise of the powers conferred by section 77 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Registration of Charges) Rules, 2014, namely:

1. Short title and Commencement. – (1) These rules may be called the Companies (Registration of Charges) Amendment Rules, 2022.

(2) They shall come into force from the date of their publication in the Official Gazette.

2. In the Companies (Registration of Charges) Rules, 2014, in rule 3, after sub-rule (4), the following sub-rule shall be inserted, namely:-

“(5) Nothing contained in this rule shall apply to any charge equired to be created or modified by a banking company under section 77 in favour of the Reserve Bank of India when any loan or advance has been made to it under sub-clause (d) of clause (4) of section 17 of the Reserve Bank of India Act, 1934 (2 of 1934).”.

[F.No. 01/10/2013 CL-V ]
MANOJ PANDEY, Jt. Secy.

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub­section (i), vide number G.S.R. 248(E), dated the 31st March, 2014 and subsequently amended vide the following notifications, namely:-