MCA Circular No. 28 dated 17 August, 2020 – Clarification on Extension of Annual General Meeting (AGM) for the financial year ended as at 31.03.2020.
MCA clarified that no extension shall be provided to the Companies for holding their annual general meeting (AGM) for the financial year ended on 31st March, 2020 beyond the statutory period provided in section 96 of the Act. And those Companies unable to hold their AGM for the financial year ended on 31.03.2020 within stipulated […]
MCA Circular No. 27 dated 03 August, 2020 – Clarification on dispatch of notice under section 62(2) Companies Act, 2013 by listed companies.
In reference to MCA Circular No. 11 dated 11th May, 20020, MCA has issued further clarification on the extension of the relaxation on dispatch of notice. It is clarified that the inability of the listed company to dispatch the notice referred to in Section 62(2) of CA, 2013 to their shareholders through post or courier […]
MCA Circular 26_06.07.2020_Extension of last day of filing NFRA-2.
MCA extended the time limit for filing of Form NFRA-2, for the reporting period FY 2018-19 to 270 days from the date of deployment of the form on the website of National Financial Reporting Authority (NFRA). The said Circular can be accessed through the following link: MCA_Circular 26_06.07.2020_Extension of last day of NFRA 2
MCA Notification No. G.S.R. 463(E) dated 24th July, 2020_Indian Accounting Standards Amendment Rules 2020.
MCA vide Notification No. G.S.R. 463(E) dated 24th July, 2020 notified the Companies (Indian Accounting Standards) Amendment Rules, 2020, thereby amending the Rules of 2015 with effect from 24th July, 2020. The said Notification can be accessed through the following link: MCA_Notif_GSR.463(E)_24.07.2020_Indian Accounting Standards Amendment Rules 2020
MCA Notification No. GSR.399 (E)_10072020_Amendment to Schedule VII.
MCA vide this notification has amended Schedule VII wherein, in Schedule VII, in item (vi), after the words “war widows and their dependents”, the words “Central Armed Police Forces (CAPF)and Central Para Military Forces (CPMF) veterans, and their dependents including widows;” is inserted. The said Notification can be accessed through the following link: MCA_Notif_GSR.399(E)_23.06.2020_Amendment to […]
Extension for Name reservation & Re-submission of forms_30.06.2020
MCA has granted the following extensions for name reservation and resubmission of forms. In case, the name reserved for a new Company or LLP expires between 15th March 2020 to 31st July, then extension of 20 days beyond 31st July, 2020 is given. However, for existing company, extension of 60 days beyond 31st July is […]
MCA Notification No. G.S.R. 420(E) _29.06.2020_Co. (Removal of name of Company from ROC) Amendment Rules, 2020.
MCA vide this notification added a new form STK-3A which is a duly notarised indemnity bond for Government Companies and its Subsidiaries in case of Striking Off. The said Notification can be accessed through the following link: MCA_Notif_GSR.420(E)_29.06.2020_Co.(Removal of name of Co. from ROC)Amendment Rules,2020
MCA Notification No. G.S.R. 396(E) _23.06.2020_ Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2020.
MCA vide its Notification No. G.S.R. 396(E) dated 23.06.2020 issued Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2020 thereby further extending the last date for registration of details of Independent Directors in the Independent Director Data Bank for further three months i.e. ten months from December 1, 2019. The revised last date for […]
MCA Notification No. G.S.R. 395(E) _23.06.2020_Companies (Meetings of Board and its Powers) Second Amendment Rules, 2020.
As per MCA notification dated 19.03.2020, Companies were allowed to conduct Board Meeting through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), up to June 30, 2020. MCA vide MCA Notification No. G.S.R. 395(E) dated 23.06.2020 issued Companies (Meetings of Board and its Powers) Second Amendment Rules, 2020 to further extended the above relaxation for […]
MCA_Circular No. 24_19.06.2020_Clarification on creation of reserves.
Please note that the requirement under section 73(2)(c) of CA 2013 to create the DRR of 20% of deposits maturing and under rule 18 of the Companies (Share Capital & Debentures) Rules, 2014 to invest or deposit at least 15% of amount of debentures maturing during the financial year 2020-21 that is to be complied […]