Corporate Law News
36,191 new companies incorporated from April to June 2021
19 July 2021 at 21:38The 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.
Rs 21,231 crore spent by 21,349 companies on CSR funds in 2019-20
19 July 2021 at 21:32Section 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.
Government announces inclusion of Retail and Wholesale trades as MSMEs
02 July 2021 at 17:35Shri 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.
ICMAI provides Relaxations in the Cost and Works Accountants Regulations, 1959
02 July 2021 at 17:26Relaxations 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.
Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021
01 July 2021 at 22:09MCA 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.
Companies (Meetings of Board and its Powers) Amendment Rules, 2021
01 July 2021 at 21:58Under 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.
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 15:23MCA 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.
Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 by MCA
30 June 2021 at 15:16MCA 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.
Shri Nitin Gadkari calls for creation of Ratings system for MSMEs and Dashboard for effective monitoring of schemes
29 June 2021 at 21:04Shri 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.
Draft of E-Commerce Rules by MCA are a much-awaited step of the Government, says CAAT
28 June 2021 at 13:19CAIT has written a representation letter to FICCI, Assocham, CII, PHD Chamber, NASSCOM, FISME, RAI & ICEA etc. urging them to ensure that they support the new draft of E-Commerce Rules, in the best interest of India’s retail trade & the economy.
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