MCA vide its notification dated May 30, 2022 amends the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (“the said rules”) and called it the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2022:

• In rule 25A of the said rules, after sub-rule (3), the following sub-rule is inserted:
• “(4) Notwithstanding anything contained in sub-rule (3), in case of a compromise or an arrangement or merger or demerger between an Indian company and a company or body corporate which has been incorporated in a country which shares land border with India, a declaration in Form No. CAA-16 shall be required at the stage of submission of application under section 230 of the Act.”
• In the said rules, in Annexure A, after Form No. CAA-15, Form No. CAA-16 is inserted.