Corporate Law Updates
Compilation of Notifications / Circulars issued by the MCA for Companies and/or LLPs from May 30, 2022 to June 1, 2022
| Sr. No. | Amendments / Extensions / Clarifications given by the MCA | Summary of Amendments / Extensions / Clarifications given by the MCA | Applicable To |
| 1. | Companies (Compromises, Arrangements & Amalgamations) Amendment Rules, 2022
dated 30/05/2022
|
Revision in Form No. CAA-16:
The MCA has revised format of Form No. CAA-16 to insert declaration on compliance with Government approval requirement under FEMA. |
In case of a compromise or an arrangement or merger or demerger between an Indian company and a company or body corporate which has been incorporated in a country which shares land border with India (i.e. China, Bhutan, Nepal, Pakistan, Bangladesh and Myanmar). |
| 2. | Clarification on Micro Finance / Micro Credit as an Object in the Object Clause of MOA of Section 8 Company dated 30/05/2022
|
Micro Finance / Micro Credit as an Object in the Object Clause of MOA of Section 8 Company is not feasible:
The MCA has directed to all ROCs / RDs / CRC Officials to issue directions / orders for changing their objects to prevent such Companies from carrying out Micro Finance activities. |
Section 8 Companies which have included Micro Finance / Micro Credit as an Object in the Object Clause of MOA |
| 3. | Companies (Accounts) Third Amendment Rules, 2022 dated 31/05/2022
|
Extension for filing Form CSR-2:
The MCA has extended the deadline for submitting Form CSR-2 till June 30, 2022, from the previous deadline of May 30, 2022 |
Every Company to whom CSR was applicable for FY2020-21 |
| 4. | Circular for Relaxation in paying additional fees in case of delay in filing all the event based e-forms by LLPs dated 31/05/2022 | Relaxation in paying additional fees:
The MCA has allowed LLPs to file various event based LLP e-Forms, due dates of which are falling between 25th February, 2022 and 31st May, 2022, without paying additional fees up to 30th June, 2022. |
Every LLP |
| 5. | Companies (Appointment and Qualification of Directors) Amendment Rules, 2022 dated 01/06/2022 | Revision in Form No. DIR-2:
The MCA has revised format of Form No. DIR-2 to insert declaration on compliance with Government approval requirement under FEMA. |
Every Company where the person seeking appointment as Director is a national of a country which shares land border with India (i.e. China, Bhutan, Nepal, Pakistan, Bangladesh and Myanmar) |
Author Bio
Noted Sir. Thanks.
India shares land border with Afghanistan also.