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Verify status of Nidhi companies before investment: MCA

Investors are advised to verify the antecedents / status of a Nidhi Company especially their declaration of their status as Nidhi Company by the Central Government before becoming its member and investing their hard earned money in such companies....

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Posted Under: Company Law |

MCA & CBIC sign MoU for exchange of data

MCA & CBIC sign MoU for exchange of data for enhancing Ease of Doing Business in India and improve overall regulatory enforcement...

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Posted Under: Company Law |

8 section of Companies Act to be made applicable to LLP Soon

Ministry of Corporate Affairs is Planning for extension of few of the provisions of the Companies Act, 2013 to the LLP Act, 2008 and has issued an announcement regarding planning of extension of few of the provisions of the Companies Act, 2013 with some modifications and adaptations, to the LLP Act, 2008 vide its power […]...

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Posted Under: Company Law | ,

Incorporation of Companies in current fiscal increased 21%

Release ID: 1696539 (09//0/2/20)

Ministry of Corporate Affairs Incorporation of Companies in current fiscal increased 21% as compared to corresponding period in previous fiscal Posted On: 09 FEB 2021 5:56 PM by PIB Delhi The number of companies incorporated from April, 2020 till December, 2020 (COVID 19 period) in the Financial Year 2020-21 (till 31-12-2020) compared to ...

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Posted Under: Company Law |

MCA amended Companies Act 2013 to mitigate blow by COVID-19 pandemic

Release ID: 1696538 (09//0/2/20)

MCA has taken various measures to address the COVID-19 pandemic by making amendments in the Companies Act, 2013, Rules made thereunder and by issuing various circulars from time to time.  The details of such measures taken by the Ministry are attached as Annexure....

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Posted Under: Company Law |

4.74 Lakh Companies benefited by availing CFSS 2020

Release ID: 1696531 (09//0/2/20)

As per records available with the Ministry of Corporate Affairs (MCA), 4,73,131 number of Indian Companies and 1,065 number of Foreign Companies have been benefited by availing the Companies Fresh Start Scheme (CFSS), 2020 for filing their pending documents....

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Posted Under: Company Law |

Schemes launched by MCA during COVID-19 pandemic

Release ID: 1696288 (08//0/2/20)

MCA has raised the threshold of default under section 4 of Insolvency and Bankruptcy Code (IBC) to Rs. 1 crore from the existing threshold of Rs. 1 lakh vide notification dated 24.03.2020....

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Posted Under: Company Law |

MCA21 Version 3.0 to be launched in Fiscal 2021-22

MCA will launch data analytics driven MCA21 Version 3.0. This Version will have additional modules for e-Adjudication, e-Consultation and Compliance Management. MCA21 system is the first Mission Mode e-Governance project of Government of India....

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Posted Under: Company Law |

MCA on condonation of delay & New ‘Extend’ functionality

New ‘Extend’ functionality shall be introduced as part of SPICe+ Part A w.e.f. 26th January, 2021 New ‘Extend’ functionality shall be introduced as part of SPICe+ Part A in line with Rule 9A ‘Extension of reservation of name in certain cases’ of the Companies (Incorporation) Third Amendment Rules, 2020 with effect from 26t...

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Posted Under: Company Law |

FM inaugurates Chennai Bench of NCLAT

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the Chennai Bench of National Company Law Appellate Tribunal (NCLAT) through virtual mode here today....

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Posted Under: Company Law |