Flash Alert: Companies (Registration of Foreign Companies) (Amendment) Rules, 2024

Flash Alert: Companies (Registration of Foreign Companies) (Amendment) Rules, 2024

Flash Alert: Companies (Registration of Foreign Companies) (Amendment) Rules, 2024

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  • On August 20, 2024
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The Ministry of Corporate Affairs (MCA) issued a notification on 12th August 2024 amending Rule 3 and Rule 8 of the Companies (Registration of Foreign Companies) Rules. These amendments will come into effect from 09th September 2024. Below is a summary of the key changes:

  1. Rule 3 sub-rule (3) – A foreign company shall, within a period of thirty days of the establishment of its place of business in India, file with the Registrar, Central Registration CentreForm FC-1, accompanied by a fee and documents as provided in Section 380 of Companies (Registration offices and Fees) Rules, 2014.
  2. Rule 8 sub-rule (1) – Any document which any foreign company is required to deliver to the Registrar shall be delivered to the Registrar having jurisdiction over New Delhi, and references to the Registrar in chapter XXII of the act, i.e., Companies Incorporated outside India, and these rules shall be constructed accordingly.

(Provided that the documents for registration by a foreign company referred to in  sub-rule (3) of rule (3) shall be delivered in Form FC-1 to the Registrar, Central Registration Centre.)

These amendments aim to streamline the registration process and ensure compliance with regulatory requirements for foreign companies.

For further details, refer to the official notification by the Ministry of Corporate Affairs at https://www.mca.gov.in/bin/ebook/dms/getdocument?doc=NDY5MzQ1MDIy&docCategory=Notifications&type=open

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