MCA Notifies Companies (Management and Administration) Amendment Rules, 2024



Quick Summary
The Ministry of Corporate Affairs (MCA) has announced the Companies (Management and Administration) Amendment Rules, 2024, via Notification No. G.S.R. 403, published on July 15, 2024. These updated rules, which come into effect on August 1, 2024, are designed to improve company management and administration processes. A key change involves the substitution of form number MGT-6 within the existing rules.

The Ministry of Corporate Affairs (MCA) has issued Notification No. G.S.R. 403 on July 15, 2024, announcing the Companies (Management and Administration) Amendment Rules, 2024. These new rules, set to take effect from August 1, 2024, aim to streamline and enhance the management and administration practices within companies.

MCA Amends Company Management Rules 2024

"In exercise of the powers conferred by 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 (Management and Administration) Rules, 2014, namely:-

1. Short title and commencement.– (1) These rules may be called the Companies (Management and Administration) Amendment Rules, 2024.

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

2. In the Companies (Management and Administration) Rules, 2014, in annexure, for form number MGT-6, the following form shall be substituted"

Complete Notification has been attached

FAQ :

The Companies (Management and Administration) Amendment Rules, 2024, were announced on July 15, 2024.

The new rules will come into effect on August 1, 2024.

The Ministry of Corporate Affairs (MCA) issued these amendment rules.

A notable change is the substitution of form number MGT-6 in the Companies (Management and Administration) Rules, 2014.

The purpose of these rules is to streamline and enhance the management and administration practices within companies.




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