March 31, 2020 Key highlights of Circulars issued by MCA on March 30, 2020 1. Companies Fresh Start Scheme, 2020 The Ministry of Corporate Affairs, has introduced the “Companies Fresh Start Scheme, 2020” which is a first of its kind opportunity to companies to make good any filing related defaults, including [...]
March 30, 2020 Summary of the memorandum, circular and notifications issued by MCA, SEBI and IBBI during 27/03/2020 – 29/03/2020 1. Designated fund to deposit CSR Contribution towards CoVID-19 Pandemic Further to the recent notification, which enabled any contribution to the fund set up by the Central Government in mitigating CoVID-19 [...]
March 27, 2020 Summary of the circular issued by SEBI on 26/03/2020 1. Additional relaxation measures issued by SEBI to Listed entities due to CoVID-19 pandemic To reduce the burden of Indian Corporates due to nation-wide lockdown, SEBI has granted further relaxations from compliance with respect to certain provisions of the SEBI [...]
March 26, 2020 Summary of the Order, Circular, Notification issued by MCA and IBBI on 24/03/2020 and 25/03/2020 1. Summary of the Relief Measures introduced by MCA under Companies Act, 2013 and Limited Liability Partnership Act, 2008 in view of COVID-19 outbreak Sr. No. Provision under Companies Act, 2013, LLP Act, 2008, [...]
March 24, 2020 Key highlights of Circulars issued by MCA and SEBI 1. Expenses made towards Novel Coronavirus (COVID – 19) to qualify as CSR Expense Keeping in view the decision by Government of India to treat COVID – 19 as a notified disaster, and to mobilise funds for effective recovery [...]
March 23, 2020 Key Compliance under Companies Act, 2013 and IB Code, 2016 Amendment! 1. Deployment of form on “Company Affirmation of Readiness towards COVID-19” Having made an appeal to the corporate sector for implementing a strategic policy on social distancing, which is most critical for reducing community transmission of the Novel [...]
March 20, 2020 Summary of Notifications and Circulars issued by MCA and SEBI on 19/03/2020 and 18/03/2020 1. The Companies (Meetings of Board and its Powers) Amendment Rules, 2020 In line with MCA bulletin on its website confirming the government’s in-principle decision to relax the requirement of holding Board Meeting’s with physical [...]
March 19, 2020 Summary of bulletin issued by MCA on 18/03/2020 1. Relaxation in holding Board Meeting with physical presence of Directors to enable people take necessary precautions against coronavirus MCA has issued a bulletin on its website confirming the government’s in-principle decision to relax the requirement of holding Board Meeting’s with physical presence of [...]
March 18, 2020 Summary of Circular issued by IBBI on 17/03/2020 1. Feature for modification of CIRP Forms submitted by an Insolvency Professional (IP) IBBI has now enabled a feature on the platform to facilitate the Insolvency Professionals to modify an already filed form. The modification shall not be subject to additional fees until [...]
March 16, 2020 Summary of Notifications issued on 12/03/2020 and 13/03/2020 1. Revisions to e-Forms GNL- 2 and INC- 28 vide Companies (Registration Offices and Fees) Second Amendment Rules, 2020 and Companies Incorporation (Second Amendment) Rules, 2020 respectively Further to the circulars issued by MCA on 17/02/2020 and 06/03/2020, directing Insolvency Professionals to [...]