MCA Circular No. 31 dated 28th September, 2020 – Extension of LLP Settlement Scheme, 2020.
MCA has extended the last date for LLP Settlement Scheme, 2020 till 31st December, 2020 for allowing LLPs to opt the scheme and make good their default in filing without paying additional fees. The said Circular can be accessed through the following link: MCA_Circular 31_28.09.2020_Extension of LLP Scheme 2020
MCA Notification No. S.O. 3265(E) dated 24th September, 2020_Extension of Section 10A of IBC, 2016.
No application was allowed to be filed for initiation of Corporate Insolvency Resolution Process against a corporate debtor for any default arising on or after 25th March, 2020 for a period of Six months i.e. 25th September, 2020. Vide notification no. S.O. 3265(E) on 24/09/2020, MCA has extended this time period for further 3 months […]
MCA Notification No. G.S.R. 583(E) dated 24th September, 2020_ Insolvency and Bankruptcy (Application to Adjudicating Authority) (Amendment) Rules, 2020.
MCA vide notification no. G.S.R.583 (E) on 24/09/2020 notified Insolvency and Bankruptcy (Application to Adjudicating Authority) (Amendment) Rules, 2020 by amending the (Application to Adjudicating Authority) Rules, 2016, wherein a condition is added for going to the Adjudicating Authority: The applicant has to serve a copy of the application to the registered office of the […]
MCA Circular No. 29 dated 10th September, 2020 – Extension of last date for filing CRA-4.
MCA vide this circular dated 10/09/2020 have extended the period for submission of cost audit report for FY 2019-20 by the cost auditor to BOD of companies by 30th November, 2020 and accordingly the report shall be filed in e-form CRA-4 by the company within 30 days from the date of receipt of the same. […]
Extension of time for holding AGM for the year ending 31.3.2020.
Registrar of Companies of various regions vide their orders dated 8th September, 2020 which were placed on MCA website, have extended the time for holding of Annual General Meeting (AGM) for the financial year ended on 2019-20 by three months from the due date by which AGM ought to have been held in accordance with […]
MCA Notification No. G.S.R. 548(E) dated 7th September, 2020_Companies (Acceptance of Deposits) Amendment Rules, 2020.
MCA vide Notification no. G.S.R. 548 dated 7th September, 2020, notified Co (Acceptance of Deposits) Amendment Rules, 2020 with the following changes in Co (Acceptance of Deposits) Amendment Rules, 2014:- In rule 2, in sub-rule (1), in clause (c), in sub-clause (xvii), an amount of twenty five lakh rupees or more received by a start-up […]
MCA Notification No. S.O.2920(E) dated 28th August, 2020_Notification of Section 92(3).
Central Government appointed the 28th August, 2020 as the date on which the provision of clause (ii) of section 23 of the Companies (Amendment) Act, 2017 shall come into force i.e. sub-section (3) of section 92 namely – “(3) Every company shall place a copy of the annual return on the website of the company, […]
MCA Notification No. G.S.R. 538(E) dated 28th August, 2020_Companies (Management and Administration) Amendment Rules, 2020.
MCA vide this notification has amended the Companies (Management and Administration) Rules, 2014, wherein, in rule 12(1), the following proviso is inserted which eliminates the need to attach extract of the annual return i.e. MGT-9 with Board Report if the web link of the same is disclosed in Board Report – “Provided that a company […]
MCA Notification No. G.S.R. 526(E) dated 24th August, 2020_Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020.
MCA vide this notification has amended the Companies (Corporate Social Responsibility) Rules 2014: In Rule (2) (1) (e), the following provision is added: Any R&D activity is allowed in normal course of business related to new vaccine, drugs and medical devices related to COVID-19 for FY 2020-20 to 2022-23 subject to collaborating with any of […]
MCA Notification No. G.S.R. 525(E) dated 24th August, 2020_Amendment to Schedule VII.
In Sch VII, item (ix) got substituted with- Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government; and Contributions to public funded Universities; Indian Institute […]