MCA Guidelines for Person belonging to Countries Sharing Land Border with India

CS Divesh Goyal | Last updated: 09 June 2022

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The Ministry of Corporate Affairs (MCA) has introduced significant amendments affecting individuals and companies from countries sharing a land border with India. These changes, effective from May and June 2022, primarily impact the process of obtaining a Director Identification Number (DIN), appointing directors, incorporating new companies, private placement of shares, and the transfer of shares. Key requirements now include obtaining prior approval from the Ministry of Home Affairs for DIN applications and director appointments, and government approval under FEMA for share subscriptions and transfers, with specific new disclosures mandated in forms like DIR-3, DIR-2, INC-9, PAS-4, and SH-4.

SHORT SUMMARY In this article, the author shall discuss the latest amendment made by Ministry of Corporate Affairs (MCA) in respect to person/ company belong to country sharing land border with India: MCA has amended Companies (Appointment and Qualification of Directors) Rules, 2014 w.e.f.

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About the Author

CS Divesh Goyal

Practicing Compnay Secretary

CAREER PROFILE He is a Fellow Member of the Institute of Companies Secretaries of India having intense expertise in Corporate Law for the last 8 years. He is a young and progressive Practicing Company Secretary with zeal to dig deep into the nuances of Corporate Laws. Being a researcher at heart, he has done ... Read more

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MCA Guidelines for Person belonging to Countries Sharing Land Border with India

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