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Independent Director: Relaxation from Passing Online Proficiency Test

September 21, 2021 4158 Views 0 comment Print

As per recent Notification on 19th August, 2021 MCA has issued: Companies (Appointment and Qualification of Directors) Amendment Rules, 2021. These Rules came into effect from 20th August 2021. Extract of Amendment: Amendment 1: in the first proviso, for clause (B), the following clause shall be substituted, namely: — “(B) in the pay scale of […]

Changes in Fine/ Penalty vide LLP Amendment Act, 2021

September 21, 2021 5391 Views 0 comment Print

Article discusses changes in Provisions related to Fine/ Penalty under LLP Act, 2008 as amended vide LLP Amendment Act, 2021. Both house of Parliament has approved LLP Amendment Bill, 2021. Finally, the same got approval of President of the India on 13th August, 2021 and become LLP Amendment Act, 2021. This is Act no. 31 […]

Annual Filing One Person Company (OPC)

September 21, 2021 10608 Views 0 comment Print

One Person Company is a company that has only one person as its member. Being just one-member company, the OPC has lesser compliance requirement compared to Private Limited Company or Limited Liability Partnership. In this article author shall discuss about Annual Filing of One Person Company with Registrar of Companies. There are many form a […]

Key Take Away, LLP (Amendment) Act, 2021

August 20, 2021 15543 Views 2 comments Print

In the Budget 2021, our hon’ble financial minister announced about Amendment in LLP Act. In continuation of same, Ministry of Corporate Affairs issued a press release on 03rd February 2021. MCA initiates process of De-criminalisation of compoundable offences of LLP Further in continuation of the same Wednesday, 28th July, 2021 Cabinet has passed LLP Amendment Bill, […]

How to Strike off Company within 1 year of Incorporation?

August 13, 2021 11259 Views 1 comment Print

In this editorial, Author shall discuss about dilemma that Whether a Company can file e-form STK-2 for Strike off before completion of 1 year of Incorporation? in other words. If Company has not started any business since Incorporation and promoters wants to strike off even within 1 year of Incorporation, whether they can file STK-2 […]

Whether strike off of Companies allowed before filing of INC 20A

August 13, 2021 15474 Views 1 comment Print

In this editorial, author shall discuss one of all those provisions i.e. ‘Whether Companies can file eform STK-2 for strike off without filing of eform INC 20A’ In case company has not conducted business since Incorporation etc.

Companies to disclose Crypto Currency & CSR in Financial Statements

August 13, 2021 3915 Views 0 comment Print

As per recent press release on pib.gov.in on 10th August, 2021 in respect of ‘MCA amends Schedule III of Companies Act on disclosure norms in financial statements‘ As MCA by amendment in Rules of Schedule III on 24th march 2021 has already made lot of amendments in Schedule III of Companies Act, 2013. Schedule III […]

Can a Company take loan from Director, Bank etc before filing INC 20A

August 13, 2021 6114 Views 0 comment Print

In this editorial, author shall discuss one of all those restriction i.e. Whether Company can accept loan from Directors or any other person before filing of INC 20A

Summary of MCA Amendments, July 2021

August 9, 2021 6399 Views 0 comment Print

Amendment THROUGH NOTIFICATIONS 1. RECTIFICATION OF NAME OF THE COMPANY MCA has issued a notification on 22nd July, 2021, Commencement of Section 4 of Companies (Amendment) Act, 2020. As per notification, it will came into effect from 1st September 2021. A. ANALYSIS OF NOTIFICATION – (Amendment in Section 16) By this notification, the Central Government has appointed […]

Company Law Due Date Calendar August 2021

August 9, 2021 1821 Views 0 comment Print

DUE DATE CALENDAR OF COMPANIES ACT, 2013 FOR THE MONTH AUGUST 2021 S. NO. FORM PURPOSE OF FORM Periodicity LAST DATE TO FILE REMARK EXTENDED DUE DATE 1. MSME-1 Form for furnishing half yearly return with the registrar in respect of outstanding payments to micro or small enterprises Half yearly (Oct – Mar) 30-April-2021 Applicable […]

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