Summary of Circular for the Companies Act, 2013 issued on 29/07/2019 is listed below: MCA Circular on extension of date for filing of e-Form BEN-2: Through this circular, MCA has extended the last date to file e-Form BEN-2 (every company shall file a return of significant beneficial owners to the company and the changes [...]
Summary of administrative change vide notification in the Companies Act, 2013 issued on 25/07/2019 is listed below: Registration offices: MCA notifies the establishment of Registrar of Companies at Guwahati relocating it from Shillong and giving it the territorial jurisdiction over the whole states of Assam, Meghalaya, Manipur, Tripura, Mizoram, Nagaland and Arunachal Pradesh for [...]
Summary of notifications under the Companies Act, 2013 and IB Code, 2016 issued on 25/07/2019 and 23/07/2019 respectively are listed below: Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 with immediate effect: a. MCA extends the due date for submitting the e-Form DIR-3 KYC for a financial year, by a Director from 31st [...]
Summary of notification and circular in the SEBI(LODR), Regulations, 2015 and SEBI (PIT) Regulations, 2015 respectively issued on 19/07/2019 are listed below: SEBI Circular on Procedure and formats for limited review / audit report of the listed entity and those entities whose accounts are to be consolidated with the listed entity: In order to [...]
Summary of notification and circular in the Companies Act, 2013 and SEBI(LODR), Regulations, 2015 respectively issued on 17.07.2019 are listed below: Designation of Special Court for the State of Maharashtra vide notification: The Central Government with the concurrence of the Chief Justice of the High Court, Bombay,has designated ‘Court of District Judge-1 and Additional [...]
Summary of notifications in the Companies Act, 2013 and SEBI (LODR), 2015 issued on 01/07/2019 and on 27/06/2019 respectively are listed below: The Nidhi (Amendment) Rules, 2019 w.e.f., 15/08/2019 Following are the key amendments made to the existing Nidhi Rules, 2014 Every company that is declared as Nidhi or Mutual Benefit Society u/s 406(1) [...]
Summary of Circular for the Companies Act, 2013 issued on 27/06/2019 is listed below: 1. MCA Circular on filing of e-form DIR-3 KYC and web-based services:Through this Circular, Ministry clarifies on filing of e-Form DIR-3 KYC for Directors, as follows- a. Updating KYC details for first time will be through e-Form DIR-3 KYC. b. [...]
Clarification letter from MCA pertaining to filing of e-Form DPT-3 dated 24/06/2019: Clarification from Ministry about Auditor’s Certificate on return of deposit pursuant to Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014: Through this letter, the Ministry has clarified that the returns of deposits in e-Form DPT-3 containing the deposits information as [...]
Summary of Circular in the SEBI (LODR), 2015 issued on 11/06/2019 is provided below: NSE Circular on Action(s) to be initiated against listed companies for non-payment of outstanding Annual Listing Fees (“ALF”) This circular spells out the penalty on listed companies (including listed SMEs), if they fail to remit Annual Listing Fees on or before [...]
Summary of administrative changes vide notification in the Companies Act, 2013 issued on 07.06.2019 are listed below: The Companies (Incorporation) Sixth Amendment Rules, 2019 w.e.f., 15.08.2019 a. A person or an association desirous of incorporating a company under section 8 i.e., Not for Profit Organisation, under the Companies Act, 2013 shall make an application [...]