CLARIFICATION ON FILING OF E-FORM RD-1-CONVERSION OF PUBLIC COMPANY INTO PRIVATE COMPANY AND CHANGE IN A FINANCIAL YEAR

General Circular No. 03/2019
dated 11th March 2019
issued by MCA

This Ministry vide notification no. G.S.R 1219(E) dated 18/12/18 has notified Companies (Incorporation Fourth Amendment) Rules, 2018, whereby applications u/s 2(41) (change in a financial year) and u/s 14 of the

Companies Act, 2013 (conversion of public limited company into private company), along with e-form RD-1 shall be processed by Regional Directors.

2.Stakeholders have expressed certain difficulties in filing e-form RD-1 on account of aforesaid two purposes pending deployment of revised version of e-form RD-1. It is therefore clarified and Regional Directors are advised to process e-form RD- 1 for the above referred applications, if `others'' is selected on account of aforesaid two counts, till the revised form is deployed by this ministry.

3. Further, it is also clarified that such applications filed in e-form no.RD-1 should not be rejected merely on the ground that "others" is selected and "e-form is not available", till the said form is deployed by this Ministry.

4. This issues with the approval of the competent authority.