Special courts for trial of offences under the Companies Act, 2013, in respect of cases filed by Securities Exchange Board of India
The Ministry of Corporate Affairs vide notification dated 27.11.2020 has designated four special courts for the purpose of ensuring speedy disposal of trials of offences punishable under the Companies Act, 2013, in respect of cases filed by the Securities Exchange Board of India (SEBI).
MCA further extends the due date for filing Form CRA – 4
The Ministry of Corporate Affairs has further extended the due date for filing Cost Audit Report in Form CRA – 4 till 31.12.2020.
Government of Telangana has decided to adopt and implement DigiLocker system in the state.
The documents/Certificates made available on DigiLocker by issuing Gov. Departments/Boards/PSUs/Institutions/Corporations/HoDs/Universities/Organizations etc., shall be treated as at par with physical copies and accepted by all.
MEITY publishes Draft Data Centre Policy 2020.
The policy shall promote domestic manufacturing, including non-IT as well as IT components, to increase domestic value addition and reduce dependence on imported equipment for Data Centres.
The Company Secretaries (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Amendment Rules, 2020
The amendment provides electronic mode for fee transaction, official communication and hearing.
MCA extends the operation of LLP settlement scheme, 2020.
MCA has extended the date of applicability of defaulting LLP to file belated documents under the LLP Settlement Scheme, 2020 till 30th November 2020.
MCA relaxes the minimum residency requirement for partners and directors
The Circular provides that the requirement for director or partner to stay in India for at least 182 days a year has been relaxed for the year 2020 owing to international travel restrictions imposed by international community.
The Companies (Prospectus and Allotment of Securities) Amendment Rules, 2020.
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 Form PAS-4.
MCA extends time to file forms for creation or modification of charges.
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, till 31st December 2020. The MCA on 17th June 2020 has come up with a Scheme for providing relaxation in […]
Highlights of the Companies Amendment Act 2020.
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.
