Companies Act 2013 - Page 50

Creation or Modification of Charges- New MCA Scheme

General Circular No. 23/2020 (17//0/6/20)

In pursuance of the Government of India’s efforts to provide relief to law abiding companies and in the wake of COVID 19, the Ministry of Corporate Affairs, has introduced the Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2o13” vide General Circular no. 23/2020 [...

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Posted Under: Company Law |

MCA relaxes time to file forms for creation/modification of charges

General Circular No. 23/2020 (17/06/2020)

The companies are required to file forms related to creation or modification of charges within the timelines provided in section 77 of the Companies Act, 2013 (Act), i.e. a total of 120 days of the creation or modification of charge....

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MCA Compliance Calendar 2020 with effect of COVID-19

Compliance Calendar F.Y. 2019-2020 under Companies Act, 2013 after considering changes due to COVID-19 S. NO FORM NO. NATURE OF FILING COMPLIANCE TIMELINES 1. MBP-1 Mandatory Disclosure of Interest by Director First Board Meeting of the FY (Gap of 120 days between two meetings. *due to COVID-19, 120+60=180 Days) 2. DIR-8 Mandatory Disqua...

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Compliances on Conversion of A Private Company to Public Company

I. What is conversion? Theoretically, conversion is a method of changing from one type of the Company/entity to another which involves certain procedures, approvals and intimation as per the requirement of the Companies Act, 2013 (“the Act”) and rules made thereunder. II. Following are a few common conversion which we come across: 1. ...

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Section 180 of Companies Act, 2013 : Brief Analysis

Introduction : Under the provision of companies Act, 1956, there were no restrictions on the board of directors of private companies regarding borrowings for the purpose of business of the company. However, Board of directors of Public companies were required to seek approval of shareholders by way of ordinary resolution in case of fresh ...

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Charge Creation under Companies Act, 2013

Background: Section 2(16) of the Companies Act, 2013 defines charges also as to mean an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes a mortgage. Types of Charges: 1. Fixed or specific Charge: it’s a charge on the assets which […]...

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Checklist for Director’s/Board Report 2020

> Director’s / Board Report As a move towards greater corporate transparency, a Directors/Board’ report is a financial document that is required to file at end of the financial year by the Companies. Section 134 of the Companies Act, 2013 has laid down provisions related to Financial statement, Board’s report, etc. I. Contents of...

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Condonation of delay under the Companies Act 2013

Section 460 have the overriding effect on any other section of the Companies Act, 2013, So as per Section 460, notwithstanding anything contained in companies Act, 1. where any application required to be made to the central Government under any provision of this Act in respect of any matter is not made within the time specified therein, t...

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Latest provisions for striking off a company | Companies Act 2013

Meaning :- Strike Off means removing the name of the Company from the Register of Companies maintained by Registrar of Companies (RoC). It is more like a Closure of the Company and the Company will not be in existence after being Struck Off and cannot perform any operation thereafter. Relevant Provisions :-  Section 248 of […]...

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Issuance of Non- Convertible Debentures-Companies Act, 2013

What is Debentures? Section 2(30) of the Companies Act, 2013 defines debenture to include debenture stock, bonds or any other instrument of a company evidencing a debt, whether constituting a charge on the assets of the company or not except money market instruments referred to Chapter III of RBI Act or other instruments as may […]...

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Posted Under: Company Law |

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