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Category: MCA

MCA Notice – Holding of Board Meeting under Companies Act, 2013

MCA issued a notice regarding the requirement of holding Board meetings with physical presence of directors under section 173 (2) r/w rule 4 of the Companies (Meetings of Board and its Powers) Rules, 2014. Considering the outbreak of the coronavirus, now Board Meetings may be held through video conferencing or other audio visual means by […]

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MCA Notification No. GSR.170(E) dated 12/03/2020 – Companies (Registration offices and fees) 2nd Amendment Rules, 2020.

MCA vide notification no. GSR.170(E) on 12/03/2020 issued Companies (Registration offices and fees) 2nd Amendment Rules, 2020 to further amend Companies (Registration offices and fees) Rules, 2014 wherein – In the Annexure of the said Rules, in the Form No. GNL-2: In Serial No. 3, after item number “Form 159 of the Companies (Court) Rules,1959”, […]

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MCA Notification No. GSR.169(E) dated 12/03/2020 – Companies (Incorporation) 2nd Amendment Rules, 2020.

MCA vide notification no. GSR.169(E) on 12/03/2020 issued Companies (Incorporation) 2nd Amendment Rules, 2020 to further amend Companies (Incorporation) Rules, 2014 wherein – In the Annexure of the said Rules, in the Form INC 28, in serial no. 5, in clause (a) after sub-clause (ii), the following sub-clause (iii) is inserted : “(iii) Section of […]

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MCA Circular No. 8/2020 dated 06/03/2020 – Filing of forms in Registry MCA-21 by IRP or RP or Liquidator.

MCA vide Circular No. 8/2020 on 06/03/2020 issued clarifications regarding statutory compliances in respect of companies under Corporate Insolvency Resolution Process (CIRP) in supersession of its earlier Circular No.4/2020 dated 17/02/2020 wherein, The IRP/ RP/ Liquidator will have to first file the NCLT order approving him as the IRP/RP/Liquidator in form INC-28 on the MCA21 […]

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MCA Circular No. 7/2020 dated 05.03.2020 – Extension for last date of filing Form NFRA-2.

MCA Vide Circular No. 7/2020 on 05.03.2020, extended the last date of filing of Form NFRA-2 for the reporting period Financial Year 2018-19 – 150 days from the date of deployment of the form on the website of National Financial Reporting Authority (NFRA). The said Notification can be accessed through the following link:MCACir_7_05032020_Extension for Form […]

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MCA Circular No. 6/2020 dated 04/03/2020 – LLP Settlement Scheme, 2020

MCA vide circular no. 6 on 04/03/2020 issued LLP Settlement Scheme, 2020 which will come into force on the 16th March, 2020 and shall remain in force up to 13th June, 2020, to give onetime relaxation in additional fees to the defaulting LLPs to make good their default by filing pending documents and to serve […]

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MCA Notification No. G.S.R. 151(E) dated 02/03/2020 – Exemptions to Government Companies.

MCA vide Notification No. GSR.151 on 02/03/2020 made further amendments in the Notification No. G.S.R. 463(E) dated the 05/06/2015 wherein, in the said notification for the serial no. 1 and 26 and the entries relating thereto, the following serial numbers and entries is substituted:- (1) (2) (3) 1 Chapter l, clause (45) of Section 2. […]

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MCA Corrigendum dated 2nd March, 2020.

MCA vide Corrigendum No. GSR.150 on 02/03/2020 made changes to Notification no. GSR.114(E) dated 14/02/2020 wherein, at page 2, in line 9, for “rule 23A” is to be read as “rule 23A and first proviso to rule 23B”. The said Notification can be accessed through the following link:MCACorrigendum_02032020

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MCA Circular No 5 /2020 dated 02/03/2020 – Clarification on prosecution or proceedings initiated against Independent Directors, Non-promoters, Non-KMP, Non-executive directors.

MCA vide circular no. 5 on 02/03/2020 issued Standard Operating Procedure regarding prosecution filed or internal adjudication proceedings initiated against Independent Directors, non-promoters and non-KMP, non-executive directors. These clarifications include: Ordinarily, a WTD and KMP would be liable for defaults committed by a company as they are associated with the day-to-day functioning of the company. […]

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MCA Notification No. GSR.145(E) dated 28/02/2020 – Companies (Appointment and Qualification of Directors) Amendment Rules, 2020.

MCA vide notification no. GSR.145(E) on 28/02/2020 issued Companies (Appointment and Qualification of Directors) Amendment Rules, 2020 to further amend Companies (Appointment and Qualification of Directors) Rules, 2014 which will come into force on 02/03/2020 wherein – In Rule 6(1)(a), the period of three months is substituted with five months. In Rule 6(4), the first […]

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