Amendment in Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (MCA Notification dated 30 May 2022)

MCA has notified amendment in Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, which requires in case of a compromise or an arrangement or merger or demerger between an Indian company and a company or body corporate which has been incorporated in a country which shares land border with India, a declaration in Form No. CAA-16 shall be required at the stage of submission of application under section 230 of the Companies Act, 2013.

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