The MCA has notified the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2022. Now, a company/body corporate incorporated in a country sharing land border with India is required to submit a declaration in Form CAA-16 at the time of making an application for compromise or arrangement. Also, the company/body corporate is required to state whether they need to obtain prior approval under FEM (Non-Debt Instruments) Rules, 2019 or not.The MCA has notified the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2022. Now, a company/body corporate incorporated in a country sharing land border with India is required to submit a declaration in Form CAA-16 at the time of making an application for compromise or arrangement. Also, the company/body corporate is required to state whether they need to obtain prior approval under FEM (Non-Debt Instruments) Rules, 2019 or not.taxmann.com Latest Statutory HappeningsRead More
