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MCA announces relaxation of additional fees and extension of last date of filing of CRA-4

General Circular No.29/2020  File No: 17/52/2020-CL-V  GOVERNMENT OF INDIA  MINISTRY OF CORPORATE AFFAIRS  5th Floor, 'A' Wing Shastri Bhawan,  Dr. R.P. Road, New Delhi  Dated:- 10th September, 2020  To  All Regional Directors,  All R..

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AGM Due Date Impasse for FY 2019-20 gets Finally Resolved

AGM Due Date Impasse for FY 2019-20 gets Finally Resolved. MCA Extends AGM & Annual Accounts Laying Date for around 12 Lakh Indian Companies by Three Months to 31.12.2020, from existing due date of 30.9.2020. 1. Legislative Provisions By virtue of the provisions of first proviso to section 96(1) of the Companies Act, 2013, every Indian Company is required to hold an Annual General Meeting (AGM), (other than its first AGM), within a period of six month..

Posted in articles |   1 comments |   989 Views

Nightmare resolved - AGM Extension 2020

AGM due date for the FY ended 31.03.2020 has been extended till 31.12.2020 for companies. Various representations have been received from the companies, Industry bodies, and Professional Institutes pointing out that several companies are finding it difficult to hold their AGM for the financial year ended on 31.03.2020 due to the difficulties faced in view of the COVID-19 Pandemic. The representations have been considered and the undersigned ..

Posted in articles |   2 comments |   969 Views

MCA issues general order for extension of AGM for FY 19-20 till 31st December

A big Relief is given by Ministry of Corporate Affairs (MCA) to around 12 lakhs companies today by extending the timeline for holding Annual General Meeting till December 31st from September 30th. MCA issued directions to RoCs to issue orders without filing of formal application and payment of fee. Even applications already filed but not approved or rejected are also covered for this relief. MCA is extending this timeline due to COVID-19 and Meeting the demand from various..

Posted in news |   1310 Views

Application for seeking extension of time for holding AGM for the FY ended 31st March 20

Format of application to ROC for seeking extension due to covid -19 by companies.    To,                  &..

Posted in articles |   1022 Views

Procedure of registration of Nidhi company

About Nidhi Company In this article, we will be discussing the procedure of the Incorporation of Nidhi Company. Nidhi Company is a non-banking financial business. Nidhi Company performs lending and borrowing of money job with its members. This is done for the mutual benefits of all the members of the Nidhi company. It promotes saving and utilization of its funds within its members. Nidhi Companies are governed with the provisions of Section 406 of the Comp..

Posted in articles |   6 comments |   809 Views

Conducting AGM through VC or OAVM- All you need to know

The Ministry of Corporate Affairs (MCA) vide its General Circular No 14/2020 issued earlier, on April 08, 2020, allowed the Companies to hold their Extra-Ordinary General Meetings (EGM) through Video Conferencing (VC) or Other Audio Visual Means (OAVM). Later on May 05, 2020, MCA has come up with another Circular i.e. General Circular No 20/2020 allowing the Companies for holding Annual General Meeting (AGM) through Video Conferencing (VC) or Other Audio Visual Means (OAVM) in the calendar ye..

Posted in articles |   303 Views

Company Incorporated But GST ARN not generated

A company was incorporated on 19.08.2020 though spice+ but GST of said company not received ....status at shows pending with mca. how much time is taken by mca for processing of gst and bank account number?..

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Extract of annual return not to be disclosed in MGT 9 if weblink disclosed in Board Report notifies MCA

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 28 August, 2020 G.S.R. (E). - In exercise of the powers conferred under sub-section (3) of section 92, read with sub-sections (1) and (2) of section 469 of the Companies Act, 201..

Posted in news |   263 Views

MCA maiden success in recovery of $3.25 million in Nirav Modi case from USA

Punjab National Bank Ltd. (PNB) has informed the Ministry of Corporate Affairs (MCA) which spearheaded the corporate governance litigation in a foreign jurisdictional Court, that it has received $ 3.25 million (equivalent of Rs. 24.33 crore) as the first tranche of recoveries. Upon liquidation of the debtors' assets by the US Chapter 11 Trustee, a sum of $ 11.04 million (equivalent of Rs. 82.66 crore) is available for distribution to unsecured creditors including PNB. Further..

Posted in news |   3413 Views

MCA Updates "View Signatory Details"

On 19/08/200, the Ministry of Corporate Affairs(MCA) has updated the “View Signatory Details” tab. As per the latest changes made, now the residential address of the Directors, Designated Partners, and Key Managerial Person is now no longer available in the public domain.  Now the users can view the following details on the portal via “View Signatory Details” DIN/DPIN/PAN Full Name Designation Dat..

Posted in news |   3 comments |   995 Views

AGM Extension 2020: MCA Clarification for the FY 31.03.2020

MCA vide General Circular no. 28/ 2020 dated 17th August 2020 has issued Clarification on Extension of Annual General Meeting (AGM) for the financial year ended as at 31.03.2020- Companies Act, 2013. Key Highlights: 1. MCA has received several representations to allow companies to hold their annual general meeting (AGM) for the financial year ended on 31st March, 2020 beyond the statutory period provided in section 96 of the Companies Act 2013. <div ..

Posted in articles |   2157 Views

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