valid as on 20/10/2020

Rule 3- Companies (Compromises, Arrangements and Amalgamations) Rules, 2016
Effective from 15-12-2016

15.1.3- Companies (Compromises, Arrangements and Amalgamations) Rules, 2016

3. Application for order of a meeting.—(1) An application under sub-section (1) of section 230 of the Act may be submitted in   (appended in the National Company Law Tribunal Rules, 2016) along with:-

(i) a notice of admission in (appended in the National Company Law Tribunal Rules, 2016);

(ii) an affidavit in (appended in the National Company Law Tribunal Rules, 2016);

(iii) a copy of scheme of compromise or arrangement, which should include disclosures as per sub-section (2) of section 230 of the Act; and

(iv) fee as prescribed in the Schedule of Fees.

(2) Where more than one company is involved in a scheme in relation to which an application under sub-rule (1) is being filed, such application may, at the discretion of such companies, be filed as a joint-application.

(3) Where the company is not the applicant, a copy of the notice of admission and of the affidavit shall be served on the company, or, where the company is being wound up, on its liquidator, not less than fourteen days before the date fixed for the hearing of the notice of admission.

(4) The applicant shall also disclose to the Tribunal in the application under sub-rule (1), the basis on which each class of members or creditors has been identified for the purposes of approval of the scheme.

A member of the company shall make an application for arrangement, for the purpose of takeover offer in terms of sub-section (11) of section 230, when such member along with any other member holds not less than three-fourths of the shares in the company, and such application has been filed for acquiring any part of the remaining shares of the company.

Explanation I. – “shares” means the equity shares of the company carrying voting rights, and includes any securities, such as depository receipts, which entitles the holder thereof to exercise voting rights.

Explanation II.-Nothing in this sub-rule shall apply to any transfer or transmission of shares through a contract, arrangement or succession, as the case may be, or any transfer made in pursuance of any statutory or regulatory requirement.

An application of arrangement for takeover offer shall contain:-

(a) the report of a registered valuer disclosing the details of the valuation of the shares proposed to be acquired by the member after taking into account the following factors: –

(i) the highest price paid by any person or group of persons for acquisition of shares during last twelve months;

(ii) the fair price of shares of the company to be determined by the registered valuer after taking into account valuation parameters including return on net worth, book value of shares, earning per share, price earning multiple vis-a-vis the industry average, and such other parameters as are customary for valuation of shares of such companies.

(b) details of a bank account, to be opened separately, by the member wherein a sum of amount not Iess than one-half of total consideration of the takeover offer is deposited.

SCHEDULE OF FEES
S. No.Sections of the
Companies Act, 2013
Rule
Number
Nature of application or petitionFees
1Sub-section (1) of section 2303 (1)Application for compromise arrangement and amalgamation.Rs. 5,000/-
1Sub-section (1) of section 2303Application for compromise arrangement and amalgamation*

*Substituted vide notification on Companies (Compromises, Arrangements and Amalgamations) Amendment Rules,2020 dated 03.02.2020. To view the notification Click Here
Rs. 5,000/-
2Sub-section (2) of section 235Application by dissenting shareholdersRs. 1,000/-
3Sub-section (2) of section 23829Appeal against order of Registrar refusing to register any circular.Rs. 2,000/-

To view the return,Click Here
To view the return,Click Here
To view the return,Click Here
Inserted vide notification on Companies (Compromises, Arrangements and Amalgamations) Amendment Rules,2020 dated 03.02.2020. To view the notification Click Here
Inserted vide notification on Companies (Compromises, Arrangements and Amalgamations) Amendment Rules,2020 dated 03.02.2020. To view the notification Click Here

Notification on Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2020 dated 03.02.2020


Form NCLT 1-Original Application / Reply / Rejoinder / Interlocutory Application or filing of additional documents under directions of the Bench

Inserted vide the National Company Law Tribunal (Amendment) Rules,2020 notification dated 03.02.2020. To view the notification,Click Here

Form NCLT 2- Notice of Admission


Form NCLT 6- General Affidavit Verifying Petition


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