The Ministry of Corporate Affairs (MCA) on December 31, 2025, issued the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2025, to further amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016.
The following has been stated:
In rule 4, sub-rule (3), after the proviso, the following proviso has been inserted: "Provided further that in case of any other Government Company, including its subsidiaries, the indemnity bond in Form STK-3A, in respect of one or more directors appointed or nominated by the Central Government or State Government, shall be given by an authorised representative not below the rank of Under Secretary or equivalent, in the administrative Ministry or Department of the Government of India or the State Government, as the case may be, on behalf of the Company.”
It shall come into force on December 31, 2025.
[G.S.R. 940(E)]
