MCA Revises Form GNL-1 with New Disclosure Norms
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- Last Updated on 4 June, 2025
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Notification No. G.S.R. 360(E); Dated: 30.05.2025
The Ministry of Corporate Affairs (MCA) has notified significant changes to the Companies (Registration Offices and Fees) Amendment Rules, 2025. The primary highlight of this amendment is the substitution of Form GNL-1 with a revised version, bringing in additional disclosure requirements and omitting certain existing ones.
1. Key Amendment – Substitution of Form GNL-1
The revised Form GNL-1 introduces new fields and mandates more comprehensive disclosures from companies filing applications or intimations under this form.
2. New Disclosure Requirements Under Form GNL-1
Companies are now required to furnish the following additional details in the updated Form GNL-1:
- Period of Default – Specific timeframe during which the default occurred.
- Reasons for Default – Explanation for what led to the default.
- Status of Default – Whether the default has been rectified or remains unresolved.
- Investigation Details:
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- Whether any investigation has been initiated against the company.
- Name of the investigating agency (if applicable).
- Brief particulars of the ongoing or concluded investigation.
These inclusions aim to enhance regulatory oversight and transparency in corporate filings.
3. Omission – Stamp Duty Payment Information Removed
One of the notable changes in the revised form is the removal of the requirement to disclose details related to the payment of stamp duty. This simplification is expected to streamline the filing process.
4. Implications for Companies
The amended rules necessitate greater diligence and documentation on the part of companies, especially in cases involving defaults or regulatory scrutiny. Companies are advised to review the revised Form GNL-1 carefully and prepare the required information before submission.
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