Ministry of Corporate Affairs has recently between 1st January, 2019 to 28th February, 2019 issued approximately 13 amendment notification / Circulars under Companies Act, 2013. These are Eight Notifications related to Amendments in Rules, Three other Notifications, One  Circular and Companies Amendment (Ordinance) 2019.

Most Important things about these notifications/ amendments is that for these amendments companies have to make compliance till April, 2019. Compliance Chart is given at the end of article.

GIST OF RECENT COMPANY LAW AMENDMENTS

S. No. Date of Notification Title of Amendment Rules Short Purpose of Filing
1.  22.01.2019 Companies (Acceptance of Deposits) Amendment Rules, 2019 Requirement of Filing of DPT-3 for outstanding Loan/Deposit/ Outstanding Receipt of Money.
2.  15.01.2019 National Company Law Tribunal (Amendment) Rules, 2019. Delegation of Powers of NCLT to Regional Director (Conversation, Change in Financial Year etc)
3.  22.01.2019 Companies (Prospectus and Allotment of Securities) Amendment Rules, 2019 Exemption from Demat of Securities to : Nidhi Company, Government Company and Wholly own Subsidiaries
4.  08.02.2019 Companies (Significant Beneficial Owners) Amendment Rules, 2019 SBO Rules Amended
5.  19.02.2019 Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2019 Amendment in PAS-3
6.  19.02.2019 Companies (Adjudication of Penalties) Amendment Rules, 2019. Implementation of Adjudication Powers of ROC
7.  21.02.2019 Companies (Incorporation) Amendment Rules, 2019 Introduction of “ACTIVE” Forms
8.  21.02.20198 Companies (Registration Offices and Fees) Amendment Rules, 2019 Fees for Active Form
9.  22.01.2019 Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019 Introduction of MSME-1
10.  21.02.2019 Companies (Amendment) Second Ordinance, 2019 Amendment Ordinance w.e.f. 2019 in continuation of Ordinance, 2018

New Company Law filing requirement till April, 2019

S. No. Form Name
Info Upto
Due Date
Fees Penalty Applicability
1 MSME-1 (Initial Return) Every Outstanding to MSME more than 45 days as on 22.01.2019 30 Days from the date of availability of form on MCA As per normal fees rules Normal Additional Fees Every Specified Company
2 DPT-3 Details of outstanding Loan/ recept of money as on 22.01.2019 90 Days
(i.e. 20/04/2019)
As per normal fees rules Normal Additional Fees Every Company having outstanding
3 DIR-3 KYC Every Person holding DIN as on 31.03.2019 30/04/2019 Upto Due Date=NIL 5000 Every Person having DIN
4 INC-22A (ACTIVE) Every Company Incorporated before 31/12/2017 25/04/2019 Upto Due Date=NIL 10,000 Every Company
5 NFRA-1 Every Company on which These Rules Applicable 30 Days from the date of availability of form on mca As per normal fees rules Normal Additional Fees Every Company on which These Rules Applicable

Author – CS Divesh Goyal, GOYAL DIVESH & ASSOCIATES Company Secretary in Practice from Delhi and can be contacted at csdiveshgoyal@gmail.com).

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