Corporate Law News
MCA releases the date on which provisions of Sec 32 & 40 of Companies (Amendment) Act, 2020 shall come into force
19 March 2021 at 05:14The Ministry of Corporate Affairs has appointed 18th March 2021, as the date on which provisions of Sec 32 & 40 of the Companies (Amendment) Act, 2020 shall come into force.
APEDA signs MoU with NSIC for harnessing the exports potentials of MSMEs
18 March 2021 at 19:50APEDA yesterday on 17-03-2021 signed memorandum of understanding (MoU) with NSIC for ensuring cooperation in range of areas focussing on harnessing exports potential of agricultural and processed food products manufactured by MSMEs.
Reporting of status of ongoing CIRPs through Form CIRP 7
18 March 2021 at 17:58Regulation 40A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 ('CIRP regulations') provides a model timeline for carrying out various activities envisaged in a corporate insolvency resolution process (CIRP).
MSME | Performance of Emergency Credit Line Guarantee Scheme
16 March 2021 at 17:42As informed by NCGTC, the implementing agency for ECLGS, as on 28.2.2021, cumulative sanction of loans stood at Rs 2.46 lakh crore against which guarantees for a total amount of Rs 2.14 lakh crore to more than 92.27 lakh borrowers.
324 companies filed for bankruptcy between 2018 to 2020
16 March 2021 at 17:33As per data provided by the National Company Law Tribunal (NCLT), 149 in the year 2018, 103 in the year 2019 and 72 in the year 2020 making a total of 324 companies which have filed for bankruptcy during the aforesaid three years period.
CSR expenditure by all companies in Aspirational Districts from 2017-20
15 March 2021 at 17:54All data related to CSR filed by companies in the MCA21 registry, including Aspirational District-wise, is available in public domain and can be accessed at www.csr.gov.in.
Provisions of Companies (Amendment) Act, 2017 w.e.f. 5th March, 2021
10 March 2021 at 20:07This is to inform you that the Central Government has notified the provisions of clause (i) of section 23 of the Companies (Amendment) Act, 2017 w.e.f. 05th March 2021 i.e. the provisions of sections 92(1) of the Companies Act, 2013.
Analysis of pre and post amendments in Companies (Management and Administration) Rules, 2014
10 March 2021 at 19:41This is to inform you that the Central Government has prescribed an abridged form of annual return for "OPC and small company" by amending the provisions of Companies (Management and Administration) Rules, 2014.
3,82,875 number of Companies struck off in three years up to FY 2020
09 March 2021 at 17:13Shri Anurag Singh Thakur stated that SEBI had received a list of 331 shell companies from MCA along with a letter of SFIO which contained the database of shell companies along with their inputs, for initiating necessary action.
Action initiated to control fraudulent companies
09 March 2021 at 17:12The term 'Fraudulent Company' is not defined in the Companies Act, 2013. However, Ministry of Corporate Affairs (MCA) through the Registrar of Companies (ROC) CRC at Manesar registers new companies by following due process of law.
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