Corporate Law News
Section 23 & 45 of Companies (Amendment) Act, 2020 came into force on 24th March 2021
25 March 2021 at 05:28Central Government appoints the 24th March 2021 as the date on which the provisions of section 23 and section 45 of the said Act came into force.
MCA announces new Trade Payables Ageing Schedule
25 March 2021 at 05:21The Ministry of Corporate Affairs has made amendments to Schedule III of the Companies Act, 2013, wherein, various new changes have been inculcated with regards to Balance Sheet, Trade Payable, and Trade Receivables etc.
MCA announces unavailability of MCA portal on 27th March 2021
24 March 2021 at 19:25MCA portal will not be available between 8:00 AM to 6:00 PM on 27th March'21 due to planned quarterly maintenance activity.
MCA | Deadline of CFSS and LLP Settlement Scheme to not extend
23 March 2021 at 16:53Shri Anurag Singh Thakur has stated that both the schemes i.e. CFSS and LSS have ended on 31.12.2020. Accordingly, further extension of the scheme was not found necessary.
1,38,051 new companies registered from April 2020 to February 2021
22 March 2021 at 17:131,38,051 new companies registered in the current FY from April 2020 to February 2021 while 10,113 of Companies have been struck off by invoking the Provisions of section 248 of the Companies Act, 2013 from April 2020 to February 2021.
MCA ordered for investigation in the cases of misuse of corporate structure/ fraud for FY 2020-21
22 March 2021 at 17:10The Ministry of Corporate Affairs (MCA) has ordered for investigation and assigned to Serious Fraud Investigation office (SFIO) and Regional Directors (RDs) in the cases where there are allegations of misuse of corporate structure/ fraud.
Sanction for prosecution accorded in 366 cases in violation of CSR provisions
22 March 2021 at 17:08Whenever any violation of CSR provisions is reported, action against such non-compliant Companies are initiated as per provisions of the Act after due examination of records and following due process of law.
EPFO | 13.36 lakh net new subscribers added in the month of January, 2021
20 March 2021 at 18:52The provisional payroll data of EPFO published on 20th March, 2021 highlights a growing trend of subscriber base with the addition of 13.36 lakh net subscribers during the month of January, 2021.
MCA establishes Central Scrutiny Centre for carrying out scrutiny of STP e-forms
19 March 2021 at 20:30Establishment of Central Scrutiny Centre (CSC) for carrying out scrutiny of Straight Through Processes (STP) e-forms filed by the Companies under the Act w.e.f. 23rd March 2021.
MCA creates restriction to the remuneration payable to Independent directors
19 March 2021 at 05:17The Ministry of Corporate Affairs has created certain restrictions on the remuneration payable to independent directors under Schedule V of the Companies Act, 2013.
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