1. What is Form CAA 3?
This form is filed pursuant to section 230(5) of the companies act 2013 and companies rule, 2014. A notice under sub-section (3) along with all the documents in form CAA 3 shall also be sent to the central government, the income-tax authorities, the Reserve Bank of India, the Securities and Exchange Board, the Registrar, the respective stock exchanges, the Official Liquidator, the Competition Commission of India, if necessary, and such other sectoral regulators or authorities which are likely to be affected by the compromise or arrangement and shall require that representations, if any, to be made by them shall be made within a period of thirty days from the date of receipt of such notice, failing which, it shall be presumed that they have no representations to make on the proposals.
2. Why is it important?
a. It is a statutory requirement
b. It helps in providing information to all the government and other statutory authorities.
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