May 2021 In view of ongoing COVID-19 crisis, the Ministry of Corporate Affairs (“MCA”) introduced certain relief measures on May 3, 2021 through General Circulars 6, 7 and 8/2021 with respect to Board Meetings (“BMs”) and payment of late fee on forms to be filed with Registrar of Companies. Additional fee: By General Circular 6/2021, the...
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January 2021 The Ministry of Corporate Affairs (“MCA”) issued the Companies (Meetings of Board and its Powers) Fourth Amendment Rules, 2020 on December 30, 2020 to extend the due date for convening the board meetings through Video Conferencing (“VC”) from December 31, 2020 to June 30, 2021. Rule 4 of the Companies (Meetings of Board and its...
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January 2021 The Ministry of Corporate Affairs (“MCA”) issued the Companies (Incorporation) Third Amendment Rules, 2020 effective from January 26, 2021 in order to introduce a new Rule 9A extending the validity of name reservation for companies to be incorporated from 20 to 60 days. Background: Initially, the validity of the name reservation by proposed companies...
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October 2020 The Ministry of Corporate Affairs (“MCA”) had announced Companies Fresh Start Scheme, 2020 (“CFSS Scheme”) and Limited Liability Partnership Settlement Scheme, 2020 (“LLPS Scheme”) in March 2020 to provide companies and Limited Liability Partnerships (“LLPs”) an opportunity to remain compliant by filing pending forms, returns, statements, documents which were required to be filed...
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