List of Sections notified w.e.f. August 15, 2019 by MCA along with respective section of Companies Act, 2013 and its relevant extract of sections is reproduced below for easier access and reference.
Companies Amendment Act, 2019 - SECTIONS
While Disqualification of Directors is not a new concept, recent action by the Ministry of Corporates Affairs (MCA) under Companies Act, 2013, disqualification has become a talk of the town. Every Individual who were a director of non-active Companies (more popularly known as Shell Companies) has fo..
MCA had notified Companies (Appointment and Qualification of Directors) fourth Amendment Rules, 2018. As per the Amendment Rules notified on July 10, 2018 all the Individuals holding DIN were required to file DIR 3 KYC form on or before October 15, 2018. The Rule 12A further provided that “Eve..
It has been more than a month since the Ministry of Corporate Affairs issued Companies (Incorporation) Amendment Rules, 2019 mandating all the Companies that are incorporated on or before December 31, 2017 to file ACTIVe Form.
While by now everyone knows what is ACTIVe form and what all info..
MCA introduces new e-form 22A - also known as eForm ACTIVE (Active Company Tagging Identities and Verification)
1) Applicable to?
The Form 22A is applicable to every Company Incorporated on or before 31/12/2017. (However, Companies whose due Financial Statements or Annual Return or both ..
On June 14, 2018 the Ministry of Corporate Affairs (MCA) issued the Companies (Significant Beneficial Owners) Rules, 20181 (SBO Rules). The Rules, as name suggests, provide for a declaration by the Company to ROC about the Significant Beneficial Owner and compliance related to the same to enable Gov..
The Companies (Amendment) Ordinance, 2018 promulgated on November 02, 2018 thereby amending some of the sections of the Companies Act, 2013.
Why this amendment or re-categorisation from Fine to Penalty is a major change?
Let us first understand the basic meaning of Fine and Penalty and the d..
Five years after the Companies Act, 2013 provided for the creation of a National Financial Reporting Authority (NFRA), Government has taken steps to implement NFRA.
The rules also mandated that every auditor shall file a return with the Authority on or before 30th April every year in such form as..
To incorporate a Company, proof of address is mandatory to have a registered office. So mostly a promoter of start-ups opens a Company using its own residential address as a Registered Office address and then start a business on rented premises. This helps them in maintaining the same address while ..
Section 92(3) of the Companies Act, 2013 provides that “An extract of the annual return in such form as may be prescribed shall form part of the Board’s report.” The form prescribed in the Rules is known MGT-9. However, Section 27 of the Companies Amendment Act, 2017, inter alia, p..