Companies Act 2013 news

MCQs on Guidance Note on Companies (Auditor’s Report) Order, 2020

MCA issued Companies (Auditor’s Report) Order, 2020 (CARO 2020) on 25th February 2020. CARO 2020 would be applicable for audits of financial year 2020-21 and onwards. CARO 2020 contains several significant changes and several new reporting requirements vis-à-vis CARO 2016....

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Posted Under: Company Law |

Request for relief under Companies Fresh Start Scheme, 2020

We wish to draw you kind attention towards Circular No 11/2020, dated March 24, 2020 and further Circular No. 12/2020 dated March 30, 2020, issued by the Ministry of Corporate Affairs ('MCA'), wherein a Scheme has been introduced namely the Companies Fresh Start Scheme, 2020 ('Scheme').The Scheme is applicable for the period from April 1,...

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Posted Under: Company Law |

Updated Contact Number of MCA Helpdesk

MCA has released Updated Contact Number of  Helpdesk from 17/07/2020 onwards for queries related to Company Name Availability and Company Incorporation and for queries related to Company or LLP e-Filings, Payments or View Public Document (VPD). Updated Contact Number of Ministry of Corporate Affairs (MCA) Helpdesk from 17/07/2020 onwards...

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Posted Under: Company Law |

Private Limited Company can transfer shares without Dematerialization

In case of Private Limited Companies;  Section 29 (1) (b) of Companies Act 2013 includes Private Limited Companies also w.e.f. 14.08.2019. However, the class of companies to which it should apply is yet to be prescribed (last checked on 4th July 2020). Presently the Company law makes it mandatory only for Unlisted PUBLIC Limited companie...

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Posted Under: Company Law |

ICSI requests to extend relaxation period of Company Law compliances

MCA has also vide its Circular dated 15th June, 2020 extended the period for holding EGM through Video Conferencing or other Audio Visual Means from 30th June, 2020 to 30th September, 2020. On account of ongoing restrictions due to COVID-19, we request you to kindly consider further extension of period of relaxation for the following prov...

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Posted Under: Company Law |

ICSI Request for granting relaxation in filing e-form MGT-14

There remained practical difficulties in filing e Form MGT 14, e Form CHG-1 and e Form CHG-9, wherein the requirement of obtaining condonation of delay, for filing beyond 300 days / 120 days, as the case may be, remain unchanged....

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Posted Under: Company Law |

Guidance Note on Companies (Auditor’s Report) Order, 2020

The Ministry of Corporate Affairs (MCA) has issued the Companies (Auditor’s Report) Order, 2020 (CARO 2020) on 25th February 2020, which was initially applicable for statutory audits of financial statements for periods beginning on or after April 1, 2019....

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Posted Under: Company Law |

Further extension for Names Reserved & Re-submission of MCA forms

MCA Further Extends timeline for Name Reservation / Re-submission for Companies & LLP’s In view of the situation arising due to COVID-19 pandemic and extended lockdown period, Ministry of Corporate Affairs has hosted revised details of PERIOD/DAYS OF EXTENSION FOR NAMES RESERVED AND RE-SUBMISSION OF FORMS on its website. Period/Days...

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Posted Under: Company Law |

Format of Consent Letter From Statutory Auditor

Format of Consent Letter  From Statutory Auditor under Companies Act, 2013. Date: ————– To, The Board of Directors Name of Company————- Address—————————- Sub: Consent Letter Dear Sir(s), Pursuant to the section 139 of the Companies...

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Posted Under: Company Law |

ICSI spurs MCA Reform Initiatives

The Covid-19 pandemic has throttled the world economy in the last few months, putting a virtual halt to almost all economic activities. Countries world over, including India, resorted to harsh extraordinary measures of complete lockdown to flatten the Coronavirus Curve. However, India INC, notwithstanding the lockdown, has been cohesively...

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Posted Under: Company Law |

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