MCA UPDATE

MCA for extension of time period for filing of financial statements

MCA Extension of time period for filing of financial statements for the FY ended 31.03.2022 without levying additional fee

ICSI Request MCA for extension of time period for filing of financial statements THE INSTITUTE OF Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) October 21, 2022 MCA: 2022 Shri Tarun Bajaj, IAS Secretary Ministry of Corporate Affairs, Department …

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CORPORATE Newsletter

Latest Weekly Corporate Affairs (SEBI, MCA, IBC, RBI, IPO, MSME Updates)

Weekly Corporate Affairs From 04/08/2022 To 12/08/2022 (SEBI, MCA, IBC, RBI, IPO, MSME Updates) 1. SEBI UPDATES: [Sl.   Particulars Link 1 Enhanced guidelines for debenture trustees and listed issuer companies on security creation and initial due diligence Click Here 2 Consultation Paper on Green and Blue  Bonds as a mode  of  Sustainable Finance Click …

Latest Weekly Corporate Affairs (SEBI, MCA, IBC, RBI, IPO, MSME Updates) Read More »

weekly corporate compliance

Weekly Corporate Affairs From 13/07/22 to 19/07/22 (SEBI, MCA, RBI, IBC, IPO, MSME UPDATES)

Newsletter Contents: SEBI Updates MCA Updates RBI Updates IBC Updates Labour Law Updates Press Information IPO & Investment Updates IRDAI Updates Department of Telecommunication MSME Updates Competition Commission of India Current Affairs- FAQ,s 1. SEBI UPDATES: [Sl.   Particulars Link 1 In the matter of Deepak Nitrite Limited under SEBI (Prohibition of Insider Trading) Regulations, …

Weekly Corporate Affairs From 13/07/22 to 19/07/22 (SEBI, MCA, RBI, IBC, IPO, MSME UPDATES) Read More »

MCA & IEPFA further simplifies IEPFA Claim Settlement Process

MCA & IEPFA further simplifies IEPFA Claim Settlement Process

Ministry of Corporate Affairshas further simplified claim settlement process through rationalization of various requirements under Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 with the mission and vision of Government of India of Ease of Living and Ease of Doing Business. Companies Act, 2013 and rules made thereunder, as amended …

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FAQ’S ON LLP AFFAIRS & Latest Extension

TOP 10 FAQ’S ON LLP AFFAIRS & Latest Extension

Q1. Can an existing partnership firm be converted to LLP? Yes, an existing partnership firm can be converted into LLP by complying with the Provisions of clause 58 and Schedule II of the LLP Act. ROC – Filings: Form 17 needs to be filed along with Form 2 for such conversion and incorporation of LLP. Q 2. Can an …

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The LLP (Amendment) Act, 2021

MCA Provides Relaxation to specified practicing CA, CMA and CS w.r.t conducting online Test for Independent Director

MCA issued notification dated 19 Aug 21 providing some further relaxation from online proficiency test for appointment as ID after database registration. A person practicing as Advocate, CA, CMA, CS for more than 10 years will not be required to qualify the test.  Read below notification for details-  

Form MGT-7/MGT-7A is likely to be revised on MCA21 Company Forms Download page w.e.f 14th October, 2021. Stakeholders are advised to check the latest version before filing.

MCA news : 4,540 companies admitted into CIRP; 394 companies stand resolved with 36% realisation of claims by financial creditors under IBC

                           Ministry of Corporate Affairs 4,540 companies admitted into CIRP; 394 companies stand resolved with 36% realisation of claims by financial creditors under IBC Posted On: 10 AUG 2021 7:05PM by PIB Delhi As on 30th June 2021, 4,540 companies were admitted into Corporate …

MCA news : 4,540 companies admitted into CIRP; 394 companies stand resolved with 36% realisation of claims by financial creditors under IBC Read More »

Cabinet approves amendments to LLP Act

Cabinet approves amendments to LLP Act for decriminalizing offences, know New Concept of Small Company

Cabinet approves amendments to LLP Act Limited Liability Partnership Amendment Bill, 2021 The Cabinet on 28th day of July, 2021, Wednesday, approved amendments to the Limited Liability Partnership (LLP) Act for decriminalising offences under the law as the government looks to improve ease of doing business and encourage start-ups.LLPs are becoming popular among start-ups. Currently, …

Cabinet approves amendments to LLP Act for decriminalizing offences, know New Concept of Small Company Read More »

Extension of time limit for preparing the Statement of Account and Solvency and for getting the accounts Audited in LLPs & subsequent filing thereof-reg

Amendment approved in Limited Liability Partnership Act, LLP firms will get benefit

The amendment to the Limited Liability Partnership (LLP) Act was approved on Wednesday. In this, removal of provisions of criminal action for non-compliance of certain rules is prominent. At present the turnover of LLP is 40 lakhs and partner’s participation is limited to Rs 25 lakhs. After the amendment, the turnover limit will increase to …

Amendment approved in Limited Liability Partnership Act, LLP firms will get benefit Read More »

320 foreign companies registered in India between 2018 and 2021

Total of 320 foreign companies registered in the country during the last three years : Shri Rao Inderjit Singh

320 foreign companies registered in India between 2018 and 2021 A total of 320 foreign companies registered in the country during the last three years. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today. Giving more details, the …

Total of 320 foreign companies registered in the country during the last three years : Shri Rao Inderjit Singh Read More »

AGM EXTENSION ORDERS OF ALL ROCs

[BREAKING] AGM Extension By Top 100 Listed Entities By Market Capitalization

AGM EXTENSION BY TOP 100 LISTED ENTITIES BY MARKET CAPITALIZATION Securities and Exchange Board of India (SEBI) vide notification / Circular SEBI/HO/CFD/CMD1/P/CIR/2021/602 dated 23rd July, 2021, has introduced and published “Extension of time for holding the Annual General Meeting (AGM) by top 100 listed entities by market capitalization” in exercise of the powers conferred under Section 11(1) of …

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Important company updates -Allotment of new Name to be made effective automatically in case of ORDNC is not complied with within timeline

MCA has issued Cos (Incorporation) Fifth Amendment Rules, 2021 to be effective from 1st Sept, 2021. Allotment of new Name to be made effective automatically in case of ORDNC is not complied with within timeline. In the Companies (Incorporation) Rules, 2014, after rule 33, the following rule shall be inserted, namely: “33A. Allotment of a …

Important company updates -Allotment of new Name to be made effective automatically in case of ORDNC is not complied with within timeline Read More »

MCA

MCA Updates dated 24th June, 2021 [Read Circular]

1. Clarification on passing of ordinary and special resolutions: It has been decided by MCA to allow companies to conduct their EGMs through VC or OAVM or transact items through postal ballot in accordance with the framework provided in the aforesaid Circulars upto 31st December, 2021. All other requirements provided in the said Circulars shall …

MCA Updates dated 24th June, 2021 [Read Circular] Read More »

MCA had extended the timeline for allowing companies to hold their EGM through Video Conferencing upto December 31, 2021.

MCA Update- MCA further added more forms under extension scheme

Total Forms – 53 (Company + LLP both) MCA allows Stakeholders to file various forms due for filing during 01/4/2021 to 31/05/2021 under the Companies Act, 2013/LLP Act, 2008 by 31st July, 2021 without payment of additional fees. CLICK HERE TO DOWNLOAD PDF Also read at MCA Update on Filings Extension – 40 forms CS …

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MCA had extended the timeline for allowing companies to hold their EGM through Video Conferencing upto December 31, 2021.

MCA Update on Filings Extension – 40 forms

Please refer the attached file for the list of forms for which additional fee waiver is made available as per Circular no. 06/2021 and 07/2021. Stakeholders may please take note and plan accordingly. List of forms providing waiver of additional fee as per Circular no. 06/2021 and 07/2021 CLICK HERE TO DOWNLOAD CIRCULAR Read more …

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MCA

MCA UPDATE – List of forms on which Relaxation given by ROC

List of forms on which Relaxation given by ROC Please refer the attached file for the list of forms for which additional fee waiver is made available as per Circular no. 06/2021 and 07/2021. Stakeholders may please take note and plan accordingly.CLICK HERE_PDF_FEE WAIVER Ministry has issued General Circular Number 06/2021 and Number 07/2021 on …

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Competition Commission of India (CCI) Approves Proposed Acquisition of 100% Shareholding and Sole Control of Ingram Micro Inc. by Imola Acquisition Corporation

Competition Commission of India (CCI) Approves Proposed Acquisition of 100% Shareholding and Sole Control of Ingram Micro Inc. by Imola Acquisition Corporation

The Competition Commission of India (CCI) approves proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. by Imola Acquisition Corporation. The proposed combination concerns the proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. together with its parent companies (i) GCL Investment Management Inc. and GCL Investment Holding Inc. …

Competition Commission of India (CCI) Approves Proposed Acquisition of 100% Shareholding and Sole Control of Ingram Micro Inc. by Imola Acquisition Corporation Read More »

MCA

MCA Updates – MCA Relaxations Due to Covid-19

Relaxation of time for filing certain forms under the Companies Act, 2013. Click Here to Download Circular Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013. Click Here to Download Circular Gap between two board meetings under section 173 of the Companies Act, 2013 (CA-13) – …

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mca page-7ca6393a

Annual Return (Sec. 92 of CA 2013) Provisions Amended w.e.f. 05.03.2021

Annual Return Provisions Amended w.e.f. 05.03.2021 Section 92 – Annual Return of Companies Act, 2013 Ministry of Corporate Affairs (MCA) vide notification no. / gazette id no. CG-DL-E-08032021-225710 and F. No. 1/1/2018-CL.I dated 05th March, 2021 has amended Section 92 of the Companies Act, 2013 related to Annual Return and the Central Government hereby appoints …

Annual Return (Sec. 92 of CA 2013) Provisions Amended w.e.f. 05.03.2021 Read More »

CSR

MCA Update on CSR _ Expense related to COVID-19 Awareness & Vaccination Qualify for CSR

spending of CSR funds for Awareness and public outreach on COVID-19 Vaccination programme shall be Considered and qualify for CSR and is eligible under Item No. (i), (ii) and (xii) of Schedule VII of the Companies Act, 2013 relating to:

· Promotion of Health Care

· Including Preventive Health Care

· Sanitization,

· Promoting Education

· Disaster Management

New Definition of "listed company"

CARO, 2020 Applicable w.e.f. 01.04.2021 – MCA Notification

Ministry of Corporate Affairs (MCA) Updates: Ministry of Corporate Affairs (MCA) has issued the Companies (Auditor’s Report) Second Amendment Order, 2020 {CARP, 2020} vide Gazette Id CG-DL-E-19122020-223784 published in NIOG on 19th December, 2020. Applicable: from the date of its publication in the Official Gazette. Key Highlight: In the Companies (Auditor’s Report) Order, 2020, in paragraph 2, …

CARO, 2020 Applicable w.e.f. 01.04.2021 – MCA Notification Read More »