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CA INTER LAW AMENDMENTS NOV 2022 CA MOHIT PRAJAPATI

ELITE PROFESSIONAL ACADEMY

(EPA)

CA INTER
Corporate & Other Law amendments
(1st Nov 2021 – 30th April 2022)
For NOV 2022 Exam.

By CA MOHIT B. PRAJAPATI
M. Com., FCA., Cert. Bank Con. Audit

be LAW’PATI
with
CA MOHIT PRAJA’PATI

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CA INTER LAW AMENDMENTS NOV 2022 CA MOHIT PRAJAPATI

Section Amendment

Charges Rules In Rule 3, following sub-rule shall be inserted -

(Rule 3)
(5) Nothing contained in this rule shall apply to any charge required to be
created or modified by a banking company under section 77 in favour of RBI
when any loan or advance has been made to it under section 17(4)(d) of the
RBI Act, 1934
Management & In Section 94, regarding the inspection of registers and annual returns, the
Administration following point shall be inserted, namely -
(Section 94)
The following particulars of the register or index or return in respect of
the members of a company shall not be made available for any inspection
under sub-section (2) or for taking extracts or copies under sub-section (3),
namely –
• address or registered address (in case of a body corporate);
• e-mail ID;
• Unique Identification Number;
• PAN Number.
Accounts Rules 1. In the proviso to Rule 3(1), 1st April 2022 shall be replaced with 1st
April 2023 i.e. the revised proviso is as follows -

Provided that
 for the financial year commencing on or after the 1st day of April,
2022 2023,
 every company which uses accounting software for maintaining its
books of account,
 shall use only such accounting software which has a feature of
recording AUDIT TRAIL of each and every transaction,
 creating an edit log of each change made in books of account along
with the date when such changes were made and ensuring that the
audit trail cannot be disabled

2. After Rule 12(1A), the following sub-rule shall be inserted –

(1B) Every company covered under the provisions of section 135(1) shall
furnish a report on CSR in Form CSR-2 to the Registrar for the preceding
financial year (2020-2021) and onwards as an addendum to Form AOC-4 or
AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be
Provided that for the preceding financial year (2020-2021), Form CSR-2
shall be filed separately on or before 31st May 2022, after filing Form
AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be.
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