10 Key Amendments, Circulars / Notifications from MCA in 2019


MCA Timeline 2019 - legality simplified blog

MCA (Ministry of Corporate Affairs) is concerned with administration of the Companies Act.It offers a wide range of allied Acts, Bills and Rules.

In this blog we have listed the MCA’s 10 important Key Amendments, Circulars/ Notifications of 2019 which you might have missed to follow or missed due to lack of information.

02nd December 2019

Online data bank for Independent directors becomes effective on, and all IDs shall register with the data bank by, 29 February 2020.  IDs shall also pass proficiency test to become eligible for appointment.

18th November 2019

MCA makes amendments in threshold limits for entering into any transaction by any Company with its Related Party under section 188.

11th October, 2019

Approved CSR activities expanded to include: Contribution to universities, incubators, IITs, National Labs and autonomous bodies such as ICAR, ICMR, CSIR, DAE, DRDO, DST.

05th October 2019

DIR 3 KYC made into a year on year compliance and directors holding DIN as on 31st March of every year shall submit e-form DIR-3KYC by 30th September.

22nd August 2019

IEPF 2nd Amendment Rules, 2019 was introduced which amended IEPF 2 due date to 60 days from AGM date and introduced other new requirements.

10th May 2019

Removal of Company name through Strike-off process amended by increasing fee for STK -2 and by Making annual returns mandatory pre-requisite for filing for strike off.

17th April 2019 

MCA has allowed registration of LLPs engaged in manufacturing and allied activities.

21st February 2019

MCA introduces Active Company Tagging Identities and Verification (ACTIVE) to be filed by companies incorporated before 31st December, 2017.

8th February 2019

MCA notified Companies (Significant Beneficial Owners) Amendment Rules, 2019 which amended the definition of SBO and clarified requirements for filing Form BEN-2 and BEN-1.

22nd January 2019

MCA amends form DPT-3 to include reporting of transactions not considered as deposits and introduced a onetime return along with the annual return.

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