Company Law notification

Companies (Indian Accounting Standards) Amendment Rules, 2021

Notification No. G.S.R. 419(E) 18/06/2021

(1) These rules may be called the Companies (Indian Accounting Standards) Amendment Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette....

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MCA allows Board Meeting via Video Conferencing permanently

G.S.R. 409(E) 15/06/2021

Ministry of Corporate Affairs (MCA) has, vide its Notification dated June 15, 2021, notified the amendment in Companies (Meetings of Board and its Powers) Rules, 2014. The said amendment has been notified to delete the provision related to restriction of conducting Board Meeting through Video Conferencing/Other Audio-Visual Means for sele...

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IEPF Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021

Notification No. G.S.R. 396(E) 09/06/2021

MCA notifies Investor Education and Protection Fund (IEPF) Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021 to amend the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. MCA inserts new Rule 6A. Manner of transfer of shares under sub-section (9) of section 90 of...

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Companies (Incorporation) Fourth Amendment Rules, 2021

Notification No. G.S.R. 392(E) 07/06/2021

Companies (Incorporation) Fourth Amendment Rules, 2021 substitutes e-Form No.INC-35 with FORM NO. INC–35  | AGILE-PRO-S [Pursuant to rule 38A of the Companies (Incorporation) Rules,2014]. With the introduction of amendment, the facility of obtaining Shops and Establishment Registration is also added in the AGILE-PRO Form and conseq...

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Clarification on offsetting the excess CSR spent for FY 2019-20

E-file no. CSR-01/4/2021-CSR-MCA 20/05/2021

Several representations have been received in the Ministry for setting off the excess CSR amount spent by the companies in FY 2019-20 by way of contribution to ‘PM CARES Fund' against the mandatory CSR obligation for FY 2020-21....

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Creation of infrastructure for COVID care is eligible CSR Activity

General Circular No. 09/2021 05/05/2021

CSR funds for ‘creating health infrastructure for COVID care’, ‘establishment of medical oxygen generation and storage plants’, ‘manufacturing and supply of Oxygen concentrators, ventilators, cylinders and other medical equipment for countering COVID-19’ or similar such activities are eligible CSR ̵...

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MCA allows GAP up to 180 days between two board meetings

General Circular No. 08/2021 03/05/2021

Gap between two consecutive meetings of the Board may extend to 180 days during the Quarter – April to June 2021 and Quarter – July to September, 2021, Instead of 120 days as required in the Companies Act 2013. General Circular No. 08/2021 Dated 03-05-2021. The Ministry of Corporate Affairs vide its circular dated 03rd [&helli...

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Time Relaxed for Form for Creation or Modification of Charges

General Circular No. 07/2021 03/05/2021

MCA Relaxates of time for filing forms related to creation or modification of charges under the Companies Act, 2013 vide General Circular No. 07/2021 Dated: 03/05/2021. General Circular No. 07/2021 File No.02/01/2021-CL-V Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. P. Road, New...

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Additional Fee for certain Forms for Companies/LLP relaxed

General Circular No. 06/2021 03/05/2021

MCA relaxes levy of additional fees in filing of certain Forms under the Companies Act, 2013 and LLP Act 2008 vide General Circular No. 06/2021 Dated: 03/05/2021. In view of the difficulties being faced by stakeholders in filing various forms under the Companies Act, 2013 and LLP Act, 2008, the Ministry of Corporate Affairs vide […...

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COVID Care facilities & makeshift hospitals are eligible CSR activity

General Circular No. 05/2021 22/04/2021

MCA issued General Circular No. 05/ 2021 dated 22nd April, 2021, wherein it has been clarified that spending for 'setting up COVID Care facilities & makeshift hospitals' is an eligible CSR activity....

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