Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016

In terms of the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2020 in case of:

• A Government company in which the entire paid up share capital is held by the Central Government, or by any State Government or Governments or by the Central Government and one or more State Governments; or
• A subsidiary of a Government company, in which the entire paid up share capital is held by that Government company,

a duly notarised indemnity bond in Form STK-3A shall be given by an authorised representative, not below the rank of Under Secretary or its equivalent, in the administrative Ministry or Department of the Government of India or the State Government, as the case may be, on behalf of the company.

[Source: Notification No. G.S.R.___ (E) dated 29^th June, 2020