Category: Companies Act

The Amendment is brought under rule 14 which deals with private placement in which a company may make an offer or invitation to subscribe to securities through issue of a private placement offer letter in …

Read More "The Companies (Prospectus and Allotment of Securities) Amendment Rules, 2020."

The Ministry of Corporate Affairs vide its notification dated 28th September 2020 has extended the scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013, …

Read More "MCA extends time to file forms for creation or modification of charges."

The Amendment removes the penalty, imprisonment for 9 offenses which relate to non-compliance with orders of the national company law tribunal (NCLT), and reduces the amount of fine payable in certain cases.

MCA has allowed matters like approval of the annual financial statements, the approval of the Board’s report and the approval of the prospectus etc to be held through video conferencing or other audiovisual until 31st …

Read More "The Companies (Meetings of Board and its Powers) Third Amendment Rules, 2020."

The independent directors of companies shall within thirteen months shall apply online to the institute for inclusion of his name in the data bank.

The Ministry of Corporate Affairs vide its notification dated 28th September 2020 has extended the time for conducting EGMs through Video Conference or Other Audio Visual Means till 31st December 2020. The extension also applied …

Read More "MCA extends Time for conducting EGMs through Video Conferencing."

The Companies Fresh Start Scheme 2020, which was introduced by the MCA and was valid from 1 April 2020 to 30 September 2020, has now been extended due to continued disruption caused by the coronavirus …

Read More "Companies fresh start scheme 2020 extended till 31st December 2020."

In consideration of the representations received and in view of the pandemic outbreak and subsequent lockdown, the scheme is further extended till 31st December, 2020.

The cost auditor shall now submit the cost audit report for the financial year 2019-20 in front of the Board of Directors of the companies by 30th November 2020 which shall not be considered as …

Read More "MCA extends the due date for filing of Form CRA-4."

MCA has extended this timeline due to COVID-19 keeping in view the demand of companies and professionals for extending the time to hold the AGM.