Article explains Sections of Companies Amendment Act 2020 which came into force from 21 December 2020. Article also contains Section of Companies Act, 2013 corresponding to Section of Companies Amendment Act 2020. Article explains Provision of Sections of Companies Amendment Act 2020 which came into force from 21 December 2020. Following provisions of the Companies […]
Applicability of Various Sections of Companies Act, 2013 as amended by Companies (Amendment) Act, 2019 Sr. No Section Compliances as per Companies act, 2013 Threshold limit for applicability 1 2(6) Associate Company In relation to another Company, means a company in which that other Company has a significant influence, but which is not a subsidiary […]
Checklist for Company Secretary to Plan for convening Annual General Meeting (AGM) through Electronic Means A. Background of provisions relating to Annual General Meeting When : Section 96 of the Companies Act, 2013 (“the Act”)and para 2 of SS-2 requires that all companies registered in India, other than a One Person Company, is required to […]
As we were approaching nearer to the end of lockdown 4.0 , on 30th May 2020 , Ministry of Home Affairs (MHA) released a new guideline for reopening the nation (Unlock 1) in a phased manner, starting with None- Containment Zones. The Lockdown in the Containment Zones will continue till June 30, 2020. The Lockdown […]
Measures for MSMEs under Prime Ministers (PMs) ‘Atmanirbhar Bharat Abhiyaan’ (Self- Reliant India Movement) A. Background On 13th May 2020, the Prime Minister Shri Narendra Modi announced his Vision calling for ‘Atmanirbhar Bharat Abhiyaan’ (Self- Reliant India Movement). He proposed Five pillars of Atmanirbhar Bharat (1) Economy (2) Infrastructure (3) System (4) Vibrant Demography and […]
MCA has notified vide Notification No. G.S.R. 313(E) 26/05/2020 that contribution to ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)’ will fall under CSR Activities wef 28th March 2020. Article analyses CSR Provisions and related amendments in view of Pandemic Covid-19. (i) Corporate Social Responsibility (CSR) The corporate beyond making […]
SEBI- Relaxation between May 12 to May 20– Advisory to disclose impact of COVID-19 Brief Note on relaxations provided by SEBI Recently from May 12, 2020 to May 20, 2020 Securities and Exchange Board of India (“SEBI”) being the principal Security Market Regulator in India had announced following relaxations in the month of March and […]
How do we, who are in legal and compliance services can not just Survive but Excel in tough Time during this Pandemic of COVID-19 A lot is being said and heard about finding Opportunities from Adversity for CS and Lawyers who are in practice. We all have attended number of webinars and sessions about the […]
Conducting Annual General Meeting (AGM) by companies through Video Conferencing (VC) or Other Audio Visual Means (OAVM) MCA General Circular No. 20/2020 dated May 05, 2020 On April 08, 2020, Ministry of Corporate Affairs (MCA) had issued a General Circular No. 14/2020 (Circular-1) for passing of resolutions of members in the Extra Ordinary General Meeting […]
Independent Director— Time extended to apply with Institute adding name in Data Bank for ID – On or before June 30, 2020 On April 29, 2020 , the Ministry of Corporate Affairs notified an amendment in the Companies (Appointment and Qualification of Directors) Rules, 2014 (the Rules) as the Companies (Appointment and Qualification of Directors) […]
