April 2020 By a general circular 18/2020 issued on April 21, 2020, the Ministry of Corporate Affairs (“MCA”) extended the due date for Annual General Meeting (“AGM”) from June 30, 2020 to September 30, 2020 of companies whose Financial Year (“FY”) followed the calendar year basis, i.e. ended on December 31, 2019. Background: As per section...

April 2020 In view of the extension of the lockdown in India, the functioning of the courts continues to remain extremely negligible. Various courts and forums have issued renewed notifications which are highlighted below: 1. Supreme Court: This court continues to hear only limited and urgent matters. On April 15, 2020, SC issued another Standard Operating...

March 2020 Given the COVID-19 crisis, the Ministry of Corporate Affairs (“MCA”) announced certain important initiatives to deal with the public health situation and promote social distancing. Key updates are: Board Meetings through video conferencing Background: Rule 4 of the Companies (Meetings of Board and its Powers) Amendment Rules, 2020 lists various matters which cannot be approved in a board meeting held through video conferencing...

March 2020 On March 24, 2020, the Ministry of Finance, Government of India, announced certain measures to combat the economic impact of the Covid-19 pandemic. These focus at providing relaxations to stakeholders across different sectors and industries in matters of, amongst others, statutory and regulatory compliance. While the central government is yet to issue circulars...