Punjab Government recruits personnel for technical guidance and support for e-governance program/initiatives
The recruitment process for 324 IT Cadre Officials has been started and 26 officials have already joined who would soon be deputed to various departments. The second phase would of hiring Senior System Managers, System Managers, Assistant Managers and Technical Assistants would be initiated soon.
MCA advises investors to verify status of Nidhi companies before investment
Investors are advised to verify the antecedents / status of a Nidhi Company especially their declaration of their status as Nidhi Company by the Central Government before becoming its member and investing in such companies.
MCA liberalizes the definition of listed companies under Companies (Specification of definitions details) Second Amendment Rules, 2021.
The amendment brings in a new rule 2A which liberalize the definition of listed companies under the Companies Act to give compliance relief to public limited companies and private limited companies having listed debt securities.
MCA applies certain sections of Companies Act to LLP Act.
Clauses of Section 164 of the Companies Act, which state that a director of a company which has defaulted on filing financial statements or annual returns for three consecutive years will be disqualified as director, shall apply to LLPs.
RBI allows resident individuals to make remittances under Liberalised Remittance Scheme to IFSCs in India.
The remittance shall be made only for making investments in IFSCs in securities, other than those issued by entities/companies resident (outside IFSC) in India.
The Companies (Share Capital and Debentures) Amendment Rules, 2021.
A company having a share capital proposes to increase its subscribed capital by the issue of further shares, the offer shall be made by notice specifying the number of shares offered and the time period within which the offer shall be made for acceptance shall be not less than seven days from the date of offer.
MCA publishes the Producer Companies Rules, 2021.
A Producer Company shall make investments from and out of its general reserves in approved securities, fixed deposits, units and bonds issued by the Central Government or State Governments.
MCA notifies section 52 and 66 of the companies Act to be effective from 11th February 2021.
Under section 52 of the amendment act, a new Chapter XXIA relating to Producer Companies has been inserted on similar lines as provided in the Companies Act, 1956.
Data analytics driven MCA 21 Version 3.0.
The Ministry of Corporate Affairs has declared the launch of data analytics driven MCA 21 Version 3.0. by Fiscal year 2021-2022. The new version provides for E-Scrutiny, E-adjudication, E-Consultation, CMS, MCA Lab etc.
MCA notifies Companies (Incorporation) Second Amendment Rules, 2021.
The company shall file an application in e-Form No.INC-6 for its conversion into Private or Public Company, other than under section 8 of the Act, along with fees as provided in the Companies (Registration offices and fees) Rules, 2014.
