Corporate Law News

Various measures taken by MCA to fight COVID-19 pandemic

20 July 2021 at 18:42

Shri Rao Inderjit Singh, Minister of State for the Ministry of Corporate Affairs lists down 23 measures that have been undertaken by the MCA to address the COVID-19 pandemic. This was stated by in a written reply to a question in the Rajya Sabha.

Posted in Corporate Law | 2574 Views

36,191 new companies incorporated from April to June 2021

19 July 2021 at 21:38

The number of new companies incorporated in the Country under the provisions of the Companies Act, 2013 from April 2021 to June 2021 is 36,191 as compared to 18,968 in the corresponding period of last year which is an increase of 17,223 Companies.

Posted in Corporate Law | 1851 Views

Rs 21,231 crore spent by 21,349 companies on CSR funds in 2019-20

19 July 2021 at 21:32

Section 135 of the Companies Act, 2013 mandates every company having a net worth of Rs. 500 crore or more, or turnover of Rs. 1000 crore or more, or net profit of Rs. 5 crore or more during the immediately preceding FY to undertake CSR activities.

Posted in Corporate Law | 1275 Views

Government announces inclusion of Retail and Wholesale trades as MSMEs

02 July 2021 at 17:35

Shri Nitin Gadkari said - Retail and wholesale trade were left out of the ambit of MSME, now under the revised guidelines, retail and wholesale trade will also get benefit of priority sector lending under RBI guidelines.

Posted in Corporate Law | 1 comments | 9345 Views

ICMAI provides Relaxations in the Cost and Works Accountants Regulations, 1959

02 July 2021 at 17:26

Relaxations in the Cost and Works Accountants Regulations, 1959 on matters relating to Regional Councils of the Institute for the year 2021 on account of acute pandemic situation arising out of outbreak of COVID-19.

Posted in Corporate Law | 1512 Views

Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021

01 July 2021 at 22:09

MCA on June 21, 2021, has issued the Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021. Under the new Rules, Rule 3(7)(a) and Rule 3(8) stand amended.

Posted in Corporate Law | 1575 Views

Companies (Meetings of Board and its Powers) Amendment Rules, 2021

01 July 2021 at 21:58

Under the new Rules, Rule 4 has been omitted. Accordingly, this deletes the provision related to the restriction of conducting Board Meeting through Video Conferencing/Other Audio-Visual Means for selected agenda items.

Posted in Corporate Law | 1860 Views

Relaxation on levy of additional fees in filing of certain Forms under the Companies Act, 2013 and LLP Act 2008 by MCA

30 June 2021 at 15:23

MCA has further extended the timelines for filing of certain forms specified in Circular no. 06/2021 (other than CHG-1, CHG-4 and CHG-9) under the Companies Act, 2013 and LLP Act, 2008 without levy of additional fees, up to 31st August 2021.

Posted in Corporate Law | 2382 Views

Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 by MCA

30 June 2021 at 15:16

MCA has further granted relief in respect of filing of forms related to creation/modification of charges under the Companies Act, 2013 by extending the timelines as specified in earlier circular no 07/2021 dated 03.05.2021.

Posted in Corporate Law | 1848 Views

Shri Nitin Gadkari calls for creation of Ratings system for MSMEs and Dashboard for effective monitoring of schemes

29 June 2021 at 21:04

Shri Gadkari said it is time to make our system transparent, time bound, result oriented and performance oriented and help appropriate entrepreneurs with a good track record.

Posted in Corporate Law | 1419 Views