In this article, we analyse the Existing Rules and the Revised Rules released with regard to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021, and draw a comparison between the two.
Examining the implications of some of the amendments notified in relation to Section 135 of the Act, relating to CSR and more importantly, the widespread overhaul made to the CSR rules which hold out serious ramifications for Corporate Inc.
This is the era of corporates. Let us understand why company regulation is considered one of the most lucrative career alternatives for budding legal professionals.
Companies have been allowed to conduct their AGM through Video Conferencing (VC)/Other Audio Visual Means (OAVM) during the calendar year 2020.
Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is 'Approved', would be mandatorily required to file form DIR-3 KYC before 30th September of the immediately next financial year.
The introduction of PAS-6 by the Ministry of Corporate Affairs is for the purpose of reconciliation of the share capital audit report on a half-year basis.
It is mandated for all the unlisted Public companies to issue the securities in dematerialized form only, vide its notification dated 10th September 2018, wherein Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014, was inserted.
MCA has issued Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021, in order to bring transparency and increase the accountability of the companies undertaking CSR Activities.
An Annual General Meeting (AGM) is a gathering of all the shareholders and the Board of Directors of a Company. It is mandated by the law to hold the AGM at least once in a year to protect the interest of the shareholders.
The appointment of directors is done in the General meeting of the Company by passing Ordinary Resolution.
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