Corporate Law News

Extension of Time Limit for Holding AGM for FY 2020-21

24 September 2021 at 05:55

The extension granted under this order shall not cover the applications filed in form GNL-1 for the extension of AGM for the financial year ended on 31/03/2021, where the extension approved was for a period of more than two months.

Posted in Corporate Law | 3516 Views

EPFO adds 14.65 lakh net subscribers in July, an increase of 31.28% over June

20 September 2021 at 20:22

Of the total 14.65 lakh net subscribers, around 9.02 lakh new members have come under the social security umbrella of EPFO for the first time. Around 5.63 lakh net subscribers exited but rejoined EPFO by changing jobs.

Posted in Corporate Law | 2076 Views

ACAE Request for extension of timelines for holding AGM under the Companies Act, 2013

14 September 2021 at 06:01

The Association of Corporate Advisors and Executives has written a representation letter to MCA for the extension of timelines for holding Annual General Meeting under the Companies Act, 2013 for the FY ended 31.03.2021, due to the COVID-19 outbreak.

Posted in Corporate Law | 3408 Views

Bank Employees Family Pension to be increased to 30% of last pay drawn

25 August 2021 at 18:20

GoI has approved the Indian Banks' Association’s (IBA) proposal to increase the family pension to 30% of last salary drawn. This move would make family pension go up to as much as Rs 30,000 to Rs 35,000 per family of bank employees.

Posted in Corporate Law | 1932 Views

Government cautions stakeholders as 348 companies fail to meet requisite criteria for declaration as Nidhi company

24 August 2021 at 17:53

Companies have been applying to the Central Government for declaration as Nidhi under the CA, 2013 but of the 348 number of forms scrutinized upto 24.08.2021 not a single company could satisfy the requisite criteria for the same.

Posted in Corporate Law | 1947 Views

ICSI requests MCA for extension of timeline for holding Annual General Meeting due to COVID-19

23 August 2021 at 06:32

ICSI has written a representation letter to MCA to extend the timeline for holding of AGM for the year ended 31st March 2021 till 31st December 2021 so as to provide relief to all the companies and stakeholders, keeping in view the COVID-19 pandemic.

Posted in Corporate Law | 3492 Views

EPFO adds 12.83 lakh net subscribers in the month of June 2021

21 August 2021 at 07:17

Of the total 12.83 lakh net subscribers, around 8.11 lakh new members have come under the social security coverage of the Employees’ Provident Funds Scheme for the first time. 48% of these additions are in the age group of 18-25 years.

Posted in Corporate Law | 1914 Views

Nearly 72% of financial transactions of Public Sector Banks (PSBs) done through digital channels in FY 2020-21

11 August 2021 at 05:50

Nearly 72% of financial transactions of Public Sector Banks (PSBs) are now done through digital channels, with customers active on digital channels having doubled from 3.4 crores in FY 2019-20 to 7.6 crores in FY 2020-21.

Posted in Corporate Law | 1458 Views

MCA amends Schedule III of Companies Act on disclosure norms in financial statements

11 August 2021 at 05:47

Ministry of Corporate Affairs vide notification dated 24.03.2021 has amended Schedule III to the Companies Act, 2013 effective from 01st April 2021 to mandate various disclosures by companies in their financial statements.

Posted in Corporate Law | 4650 Views

MCA | Companies (Registration of Foreign Companies) Amendment Rules, 2021

06 August 2021 at 17:16

The MCA has notified a new set of Rules to amend the existing Companies (Registration of Foreign Companies) Rules, 2014 which shall come into force on the date of its publication in the Official Gazette (not yet published).

Posted in Corporate Law | 2523 Views