MCA has notified a new Rule 33A after Rule 33 which shall deal with the Allotment of a new name to the existing company under section 16(3) of the Act. Furthermore, in the annexure, a new Form INC-11C has also been inserted after Form No.INC-11B.
The amendment regulations enhance the discipline, transparency, and accountability in corporate insolvency proceedings. The amended regulations are effective from 14th July 2021. These are available at www.mca.gov.in and www.ibbi.gov.in.
Of the total 9.20 lakh net subscribers added during the month, around 5.73 lakh new members have come under the ambit of the Employees’ Provident Funds Scheme for the first time.
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.
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.
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.
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.
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.
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.
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.
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