Companies (Central Government's) General Rules and Forms (Amendment) Rules, 1997 - Insertion of sub-rule (3) in rules 11B and 11C of the Companies (Central Government's) General Rules and Forms, 1956 - G.S.R. 97(E). - Companies Law

MINISTRY OF FINANCE (Department of Company Affairs) NOTIFICATION New Delhi, the 28th February, 1997 G.S.R. 97(E).- In exercise of powers conferred by clauses (a) and (b) of sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956) and all other powers hereunto enabling, the Central Government hereby makes the following rules further to amend the Companies (Central Government's) General Rules and Forms, 1956, namely : (a) These rules may be called the Companies (Central Government's) General Rules and Forms (Amendment) Rules, 1997. (b) They shall come into force on the first day of March, 1997. 2. In the Companies (Central Government's) General Rules and Forms, 1956 (hereinafter referred to as the said rules), in rule 11B, after sub-rule (2), the following sub-rule shall be inserted, namely : "(3) Where a company has defaulted in repayment of any deposit referred to in section 58A or any part thereof or interest thereupon in accordance with the terms and conditions of such deposit it shall not make any loan or give any guarantee under section 370 till the default is made good." 3. In the said rules, in rule 11C after sub-rule (2), the following sub-rule shall be inserted, namely: "(3) Where a Company which has defaulted in repayment of any deposit referred to in section 58A or any part thereof or interest thereupon in accordance with the terms and conditions of such deposit it shall not be entitled to invest in the share of any other body corporate under section 372 till the default is made good." [F. No. 1/1/97-Cl.V] R.D. JOSHI, Jt. Secy. Notes:- The Principal Rules were published vide S.R.O. 432 dated 18-2-56 and subsequently amended by:- 1. SRO 2535 dated 1-11-1956 2. SRO 3135 dated 21-12-1956 3. SRO 237 dated 19-1-1957 4. SRO 2105 dated 29-1-1957 5. SRO 3038 dated 28-9-1957 6. SRO 3867 dated 7-12-1957 7. GSR 48 dated 22-2-1958 8. GSR 723 dated 23-8-1958 9. GSR 750 dated 30-8-1958 10. GSR 1026 dated 1-11-1958 11. GSR 14 dated 3-1-1959 12. GSR 548 dated 9-5-1959 13. GSR 1140 dated 17-10-1959 14. GSR 1224 dated 7-1 1-1959 15. GSR 1364 dated 12-12-1959 16. GSR 220 dated 27-2-1960 17. GSR 595 dated 28-5-1960 18. GSR 195 dated 18-2-1961 19. GSR 814 dated 24-6-1961 20. GSR 1105 dated 9-9-1961 21. GSR 1408 dated 25-11-1961 22. GSR 653 dated 12-5-1962 23. GSR 344 dated 2-3-1963 24. GSR 628 dated 13-4-1963 25. GSR 97 dated 16-1-1965 26. GSR 822 dated 12-6-1965 27. GSR 1570 dated 30-10-1965 28. GSR 368 dated 19-3- 1966 29. GSR 421 dated 18-3-1966 30. GSR 499 dated 9-4-1966 31. GSR 743 dated 21-5-1966 32. GSR 847 dated 4-6-1966 33. GSR 1266 dated 13-8-1966 34. GSR 130 dated 20- 1-1 968 35. GSR 667 dated 30-6-1973 36. GSR 327(E) dated 10-6-1975 37. GSR 414(E) dated 16-7-1975 38. GSR 2596 dated 1-11-1975 39. GSR 2828 dated 13-12-1975 40. GSR 154 dated 31-1-1976 41. GSR 248(E) dated 24-3-1976 42. GSR 627 dated 14-5- 1977 43. GSR 24(E) dated 9-1-1979 44. GSR 1256 dated 6-10-1979 45. GSR 555(E) dated 4-9-1982 46. GSR 479(E) dated 22-4-1988 47. GSR 694(E) dated 10-6-1988 48. GSR 782(E) dated 13-7-1988 49. GSR 908(E) dated 7-9-1988 50. GSR 1032(E) dated 26-10-1988 51. GSR 449(E) dated 17-4-1989 52. GSR 510(E) dated 24-5-1990 53. GSR 795(E) dated 18-9-1990 54. GSR 289(E) dated 31-5-1991 55. GSR 614(E) dated 3-10-1991 56. GSR 754(E) dated 26-12-1991 57. GSR 312(E) dated 6-3-1992 58. GSR 353(E) dated 26-3-1992 59. GSR 484(E) dated 11-5-1992 60. GSR 581(E) dated 27-8-1993 61. GSR 621(E) dated 24-9-1993 62. GSR 286(E) dated 1-3-1994 63. GSR 598(E) dated 28-7-1994 64. GSR 697(E) dated 20-9-1994 65. GSR 283(E) dated 21-3-1995 66. GSR 424(E) dated 26-5-1995 67. GSR 251(E) dated 21-6-1996