The Ministry of Corporate Affairs (“MCA”) amended Rule 4 of the Companies (Meetings of Board and its Powers) Rules, 2014 by a notification G.S.R. 409(E) dated June 15, 2021. By this amendment, the MCA relaxed restrictions on certain agenda items which were not allowed to be approved in a Board Meeting (“BM”) conducted through Video...
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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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