Company Law news

Companies (Amendment) Act, 2020 – Highlights of amendments

The Companies (Amendment) Act, 2020 (herein after referred to as ‘the Amendment Act’) got the assent of Hon’ble President as on 28th September, 2020 and is thus operative since that date. It was passed by the Lok Sabha on 19th September, 2020 and by the Rajya Sabha on 22nd September, 2020....

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MCA Extended duration of several Schemes till 31.12.2020

MCA on 28.09.2020, vide various circulars and notification extended the date of various schemes to 31.12.2020 which were launched for ease of doing Business, Schemes extended are as follows:- 1. Companies Fresh Start Scheme, 2020 2. LLP Settlement Scheme, 2020 3. Scheme for relaxation of time for filing forms related to Creation or Modifi...

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ROC & RBI Compliance list for Branch Office of foreign companies

MCA/ROC COMPLIANCE 1. Financial Year :- We need to determine F.Y. of the BO. This can be same as that is followed by the Company in its country of incorporation 2. Prepare Financial Statements and file form with MCA :- Within six months of closure of Financial Year. 3. Annual Return with MCA :- Within […]...

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Extend timelines for Annual filing of OPC due to Covid 19: ICSI

It is requested extend the timelines for annual filing of OPCs upto 31st December, 2020. This will ease the difficulties faced by the OPCs in the time of crisis....

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ICSI Request for extension of timelines due to COVID-19

As your good self is aware that impact of COVID-19 pandemic has been harsh and the economy is struggling to come out of the crisis. The corporates are facing challenging times to meet the ends and function smoothly. Considering the current crisis, we request your esteemed office to consider further relaxations in due dates of the followin...

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Extend time limit of statutory Company Law compliances

Representation on technical glitches on MCA Web-portal & Request for extension in the time limit on submission of various statutory compliances by CA Social Affiliation (CASA) to Smt Nirmala Sitaraman, Hon. Finance Minister of India, Govt of India. CA Social Affiliation (CASA) Serving CA Profession since 2010 CASA/MCA/20-21/04   Dat...

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Extend CFSS 2020 & LLP Settlement Scheme 2020

Request for Extension of Companies Fresh Start Scheme i.e. CFSS 2020 by at least by 3 months i.e. until 31st December, 2020 and a further request for similar relief for LLP Settlement Scheme 2020 in view of genuine hardships which have arisen due to Covid-19 pandemic. KARANATAKA STATE CHARTERED ACCOUNTANTS ASSOCIATION (R.) Date: 17th Sept...

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Govt struck off 3,82,581 shell companies during last 3 years

3,82,581 number of Companies were struck off during the last three years. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs in a written reply to a question in Rajya Sabha today....

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Extension of deadlines for various compliances under Companies Act

After considering the various representations of stakeholders and the impact of COVID-19 pandemic, in order to facilitate defaulting companies to make a fresh start on a clean slate by filing documents required to be filed under the Companies Act, 2013...

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Violation of provisions of Company Law by Companies

The Ministry of Corporate Affairs (MCA) has information of the companies which have violated the provisions of Company Law. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in response to a written question in the Lok Sabha today....

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