Restriction on Layers Rules
G.S.R. 1176(E)
The Companies (Restriction on Number of Layers) Rules, 2017
The two-layer cap on subsidiaries under the proviso to section 2(87), the classes of company excluded from it, the wholly owned subsidiary carve-out, and the return in Form CRL-1 for companies already exceeding the cap.
2
Rules
G.S.R. 1176(E)
Notification
Two
Layer cap
150 days
CRL-1 within
Made under
The Companies Act, 2013 Chapter I
2
rules
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Opening text
Preamble
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 20th September, 2017
G.S.R. 1176(E).--In exercise of the powers conferred under proviso to clause (87) of section 2, section 450 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely:--
Chapter I
3 rules
Restriction on Layers of Subsidiaries
R. 2 Restriction on number of layers for certain classes of holding companies
Annexure Form CRL-1
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