MCA grants relaxation in additional fees for delay in filing form 11 by LLP upto 30th June 2022.
LLP Annual Return Form-11 is basic annual return that businesses having LLP registration need to mandatorily file. The annual return form-11 is also compulsory to file even if the firm doesn’t operate or carry out any business during the financial year.
Companies (Incorporation) Second Amendment Rules, 2022
The amendment has revised FORM No.INC-9 and FORM No.INC-32 (SPICe+).
Revised Additional Surveillance Measures Framework for Companies
Securities which are placed under the Additional Surveillance Measures Framework would be reviewed on a periodical basis.
MCA issues guidelines for funding for research studies on corporate governance.
Institutions/Organisations/Agencies which are registered under the statute of the Central or State Governments such as Societies Act, Trust Act, Co-operatives Act, Companies Act, etc. with normally 3 years research experience after registration or UGC approved academic/research institution engaged in research activities and fulfilling the following Expertise and Standing specifications will be eligible to apply for funding/ grant-in-aid under these guidelines.
Securities and Exchange Board of India (Collective Investment Schemes) (Amendment) Regulations, 2022
The amendment provides that no Collective Investment Management Company or a promoter of a Collective Investment Management Company, their associates or group companies, through the schemes of the Collective Investment Management Company or otherwise, individually or collectively, directly or indirectly, have Ten percent or more of the shareholding or voting rights in the Collective Investment Management Company or the trustee company of any other Collective Investment Management Company.
Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees
The escalation rates for inland transportation charges for coal up to 2000 Km distance shall be 32.50%. These Annual Escalation Rates shall be applicable for the period from 01.04.2021 to 30.09.2021 for the purpose of payment for Procurement of Power by Distribution Licensees as per the Power Purchase Agreement entered into under the guidelines.
MCA issues clarification on holding of AGM through Video Conference or Other Audio-Visual Means.
The MCA further clarified that this circular should not be construed as conferring any extension of time for holding annual general meetings by the companies under the Companies Act, 2013 and the companies which have not adhered to the relevant timelines shall be liable to legal action under the appropriate provisions of the Companies Act.
MCA issued clarification on passing of Ordinary and Special resolutions under the Companies Act on account of COVID-19 extension.
MCA has decided to allow companies to conduct their EGMs through VC or OAVM or transact items through postal ballot up to 31st December 2021.
Companies (Prospectus and Allotment of Securities) Amendment Rules, 2022
The amendment provides that no offer or invitation of offer for purchase of any securities shall be made to a body corporate incorporated in, or a national of, a country which shares a land border with India, unless such body corporate or the national, as the case may be, have obtained Government approval under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 and attached the same
with the private placement offer cum application letter.
Companies (Share Capital and Debentures) Amendment Rules, 2022
The amendment has revised Form No.SH-4 used for reporting transfer of shares.
