K.V.R Murty, Joint Secretary to the government of India Ministry of Corporate Affairs(MCA), issued a notification on February 3, 2020, introduced the Companies (Compromises, Arrangements, and Amalgamation) Amendment Rule, 2020 wherein Sub-section (1) of Section 230 stated that the amount of Rs. 5,000/- is applicable to the application of amalgamation, compromise, and arrangement.
Companies (Compromises, Arrangements, and Amalgamation) Amendment Rules, 2020 is an amendment to the principle rule namely Companies (Compromises, Arrangements, and Amalgamation) Rules, 2016. And this amendment pertains to the amendment in the Schedule of Fees wherein the Rs. 5,000 was made applicable to all the applications pertaining to amalgamation, compromise, and arrangement.
The amendment under Companies (Compromises, Arrangements, and Amalgamation) Amendment Rules, 2020 will be enforced after it is published in the Official Gazette of India.
