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..
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..
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 ..
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..
Format of application to ROC for seeking extension due to covid -19 by companies. To, &..
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..
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..
A company was incorporated on 19.08.2020 though spice+ but GST of said company not received ....status at gst.gov.in shows pending with mca. how much time is taken by mca for processing of gst and bank account number?..
[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..
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..
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..
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 ..