MCA on Friday 28th August, 2015 brought an Amendment to the Management & Administration Rules thereby bringing about the following changes:
- The requirement of signing a special notice required to be given to the company is to be signed by members holding (individually or collectively):
- Not less than 1% of total voting power or
- Holding shares on which an aggregate sum of not less than 5,00,000 Rupees has been paid up on the date of the notice.
- Revised the format of Form MGT 7
The said Notification can be accessed at the following link: Notification No. GSR669(E) dated 28.08.2015 Management & Administration Amendment Rules, 2015