In line with the Government’s objective of promoting Ease of Living in the country by providing Ease of Doing Business to law abiding corporate, it has been decided to constitute a Company Law Committee. Accordingly Government has constituted the committee and also prescribed its Terms of Reference. The Committee shall initially have tenure of one […]

MCA Notification No. GSR. 636(E) on 5th September, 2019 has issued The National Financial Reporting Authority (Amendment) Rules, 2019 to further amend The National Financial Reporting Authority Rules, 2018 wherein:- In clause (g) of sub-rule (1) of rule 2, after the words “a division”, the words, “including the one headed by the chairperson or a […]

MCA vide Notification No. G.S.R. 603(E) on Wednesday, 28th August, 2019 has issued the Companies (Incorporation) Seventh Amendment Rules, 2019 to further amend the annexure to the Companies (Incorporation) Rules, 2014 wherein; forms RD-l and RD GNLS shall be substituted. The said Notification can be accessed through the following link:MCANotf_GSR603(E)_28092019_Co. Incrp 7th Amend Rules, 2019

MCA vide Circular No. 9/2019 on Wednesday, 21st August, 2019 has sought clarification under section 232(6) of the Companies Act, 2013 regarding two matters which are as follows: Whether it is mandatory to indicate a specific calendar date as ‘appointed date’ in the schemes referred to in the section and; Whether the acquisition date’ for […]

MCA vide Notification No- G.S.R. 574 (E) on Friday, 16th August, 2019  has issued Companies (Share Capital and Debentures) Amendment Rules, 2019 to amend the Companies (Share Capital and Debentures) Rules, 2014 wherein; various amendments have been made under the following rules: Rule 4 – Equity Shares With Differential Rights Rule 5 – Certificate of […]

Sr. No. Section (as per Companies Amendment Act, 2019) Section (as per Companies Act, 2013) Section pertains to 1.         Section 6 Section 26 Matters to be stated in Prospectus 2.         Section 7 Section 29 Public Offer of Securities to be in Dematerialized Form 3.         Section 8 Section 35 Civil Liability for Mis-statements […]

MCA vide Notification No- G.S.R. 571 (E) on Wednesday, 14th August, 2019 has issued Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2019 to amend the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 wherein; various amendments have been made in the following rules: […]

The Ministry of Corporate Affairs has received several representations regarding extension of the last date for filing of e-Form No.BEN-2 without additional fees on account of Companies (Significant Beneficial Owners) Second Amendment Rules, 2019 notified vide G.S.R. No. 446 (E) dated 01.07.2019. The matter has been examined and it is hereby informed that the time […]

MCA vide Notification No- G.S.R 528 (E) on Thursday, 25th July, 2019 has issued Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 to amend the Companies (Appointment and Qualification of Directors) Rules, 2014 wherein; amendments have been made regarding filing of Form DIR-3 KYC. Highlights of the Notification are: In Rule 11- Director […]

MCA vide Notification No- G.S.R 527 (E) on Thursday, 25th July, 2019 has issued Companies (Registration Offices and Fees) Fourth Amendment Rules, 2019 to amend the Companies (Registration Offices and Fees) Rules, 2014 wherein; for item VII, the following item shall be substituted: VII. FEE FOR FILING e – Form DIR-3 KYC or DIR-3 KYC-WEB […]