March 02, 2020 Summary of the notification issued by MCA on 28/02/2020 1. MCA extends deadline to 1st May, 2020 for Independent Directors to get their names listed in the Online Data Bank MCA, vide Companies (Appointment and Qualification of Directors) Amendment Rules, 2020, has amended Rule 6 of the aforesaid rules to extend [...]
February 26, 2020 Summary of the order issued by MCA dated 25/02/2020 1. MCA notifies Companies (Auditor's Report) Order, 2020 Through this order, MCA has broadened the coverage on matters by adding 27 detailed points when compared with now superseded Companies (Auditor's Report) Order, 2016, which are required to be stated in the Audit Report [...]
February 24, 2020 Summary of the notification issued by MCA on 18/02/2020 1. MCA revises the effective date of implementation of revised Incorporation procedure though Companies (lncorporation) Amendment Rules, 2020 to 23rd February, 2020 Through this notification, effective date of implementation of e-Form AGILE-PRO along with the revised SPICe+ (Simplified Proforma for Incorporating Company [...]
February 20, 2020 Summary of Notification issued by MCA on 18/02/2020 1. Companies (Registration Offices and Fees) Amendment Rules, 2020 MCA vide this notification has revised the Form GNL-2, a generic form, required to be filed for many items by removing the tabs for items like Circular for inviting Deposits, Return of Deposits [...]
February 18, 2020 Summary of Corrigendum issued by IBBI and MCA on 14/02/2020 and 17/02/2020 respectively. 1. Corrigendum to Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2020 IBBI, through its corrigendum, has provided a revised illustration, as per which the levy of additional fees shall come [...]
February 17, 2020 Summary of the notification issued by MCA on 14/02/2020 1. Extension of deadline for registration of Nidhi Companies under Nidhi Rules, 2014 Through this notification, MCA has extended the deadline for every company referred to in Rule 2(b) of Nidhi Rules, 2014 and every Nidhi incorporated under the Act, before [...]
February 14, 2020 Summary of Notification issued by MCA on 13/02/2020 1. Companies (Issue of Global Depository Receipts) Amendment Rules, 2020 MCA vide its notification dated February 13, 2020 has amended Companies (Issue of Global Depository Receipts) Rules, 2014 to align them with Depository Receipts Scheme, 2014 as against the erstwhile Foreign Currency [...]
February 13, 2020 Summary of Notification issued by IBBI on 12/02/2020 1. Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2020 IBBI vide its notification dated February 12, 2020 has extended the date from which the levy of additional fees shall come into effect on various forms [...]
February 10, 2020 Summary of the notification issued by MCA on 06/02/2020 1. MCA introduces new forms for Incorporation of Companies though Companies (lncorporation) Amendment Rules, 2020 with effect from 15th February, 2020 Through this amendment, Profession Tax Registration and Opening of Bank Account can also be applied to through e-Form AGILE-PRO along with [...]
February 05, 2020 Summary of Notifications issued by MCA on 04/02/2020 1. Commencement Notification for Section 230(11) and Section 230(12) read with Companies (Compromises, Arrangements and Amalgamations) Amendments, Rules 2020 MCA vide its notification dated February 3, 2020 has brought into effect Section 230(11) and Section 230(12) of Companies Act, 2013 along with [...]