updates

Ministry of Corporate Affairs on 30th June 2021 vide [General Circular No. 11/2021](http://Ministry of Corporate Affairs on 30th June 2021 vide General Circular No. 11/2021 has provided relaxation of additional fees in filing certain e-forms under the Companies Act, 2013 and the LLP Act, 2008 which have/are falling due during the period from 01/04/2021 to 31/07/2021. The MCA has further extended the timeline for filing such forms to 31st August 2021....

Ministry of Corporate Affairs vide Notification G.S.R. 206(E) dated 24th March 2021, introduced an amendment to the Rule 11 of the Companies (Audit and Auditors) Rules, 2014. These rules are called as Companies (Audit and Auditors) Amendment Rules, 2021 and they shall come into force from 1st April 2021. Vide this amendment notification the MCA omitted clause (d) of Rule 11 and inserted three new clauses i.e. clause (e), clause (f) and clause (g)....

The MCA vide General Circular 20/2020 dated 5th May 2020 allowed companies to hold their Annual General Meetings for the calendar year 2020 through Video Conferencing (VC) / any other Audio Visual Mode (OAVM). The circular provides procedures, to be followed (i) by companies to which e-voting is mandatory (Part-A) and (ii) by companies to which e-voting is not mandatory (Part-B) for conducting AGM through VC/OAVM, Here we will understand the procedure to be followed by companies which are not required to provide the facility of e-voting under the Act, for conducting their AGM for the calendar year 2020....

Introduction During the Pandemic situation, the Ministry of Corporate Affairs has taken many measures to ease the process of conducting compliances and has introduced many reliefs to the entities. In order to support the companies and to enable them to a fresh start, the MCA vide General Circular No. 12/2020 dated March 30, 2020, introduced a scheme i.e. Companies Fresh Start Scheme 2020 (CFSS 2020).  The MCA vide General Circular dated 28....

The MCA has extended due date for holding Annual General Meeting for companies whose financial year ended on 31st December 2019. The said relaxation is notified vide General Circular No. 18/2020 dated 21st April 2020. Background: As per the provisions of Section 96 of the Companies Act, 2013, every company shall hold its first Annual General Meeting within a period of 9 months from the closure of first financial year and thereafter within 6 months from the closure of the financial year and not more than 15 months shall elapse between two AGM....

The pandemic COVID-19 has caused damages to the world economy. The Government of India has declared Coronavirus is notified as a disaster and spending CSR funds for COVID-19 is eligible CSR activity. The companies have come forward to help on a large scale. Keeping this in view the Ministery of Corporate Affairs vide General Circular No. 10/2020 clarified that spending of CSR funds for COVID-19 is eligible CSR activity. Such funds may be spent on various activities related to COVID-19....

Introduction The COVID-19 pandemic has made the entire world standstill. Businesses are facing difficulties while making decisions. Considering the difficulties in attending meetings physically, the Ministry of Corporate Affairs (MCA) has allowed companies to hold extraordinary general meetings (EOGM) via Video Conferencing or any other audiovisual mode and allowed e-voting or via shareholders registered email id on business resolutions. Post representation by many stakeholders regarding the difficulty, the MCA vide General Circular No....

Introduction The ICAI’s (Institute of Chartered Accountants of India) Unique Document Identification Number -UDIN is a proactive measure to stop issuance of financial statements and certificates by third persons who are not chartered accountants, instead of the members of ICAI. Such certificates/documents were being issued to various authorities, Banks and other stakeholders by forgery of signatures and misrepresenting themselves before the regulators. To protect the members and to curb the malpractice, the Professional Development Committee of ICAI implemented a unique concept of UDIN - Unique Document Identification Number, by which all documents and certificates will have a unique number as the authenticity of such document/certificate....