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In this section you will get Companies updates, such as press release, notification circular, orders and many more updates,


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Functioning of NCLT during the lock down period

92 ViewsFunctioning of NCLT during the lock down period National Company Law Tribunal 6thFloor,Block-3,CGO Complex, Lodhi RoadNew Delhi-110003Dated:28.3.2020 NOTICE 1.With regard to Limitation,it is clear that the order dated 23.3.2020 passed by Hon’ble SupremeCourt in suo motu WP-03/2020 is binding on everyone in India,for further clarification,it ishereby clarified that the litigant public with regard to …

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Press release on Companies Fresh Start Scheme, 2020 and LLP Settlement Scheme

110 ViewsPress release on Companies Fresh Start Scheme, 2020 and LLP Settlement Scheme Ministry of Corporate Affairs 30 March 2020New Delhi Press Release In pursuance of the Government of India’s efforts to provide relief to law abidingcompanies and Limited Liability Partnerships (LLPs) in the wake of COVID 19, theMinistry of Corporate Affairs, has introduced the …

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COMPANIES (Removal of Names of Companies from the Register of Companies) Amendment Rules 2020

174 ViewsCOMPANIES (Removal of Names of Companies from the Register of Companies) Amendment Rules 2020 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (i)] Government of IndiaMinistry of Corporate AffairsNotification New Delhi, the 29th June, 2020 G.S.R (E).- In exercise of the powers conferred by sub-sections (I), (2) andSub-section (4) …

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Extension of the last date of filing of Form NFRA-2

148 ViewsExtension of the last date of filing of Form NFRA-2 General Circular No. 26/2020 F. No.7/39/2019-CL-lGovernment of IndiaMinistry of Corporate Affairs Sth Floor, ‘A’Wing, Shastri Bhawan,Dr. R. P. Road, New DelhiDated: 6th JulY, 2020 ToAll RDs,All RoC,The Stakeholders. Subiect: Extension of the last date of filinq of Form NFRA-2-req.Sir,ln continuation of the Ministry’s General …

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Amendment of item no.(vi) of Schedule VII of the Comapanies Act,2013

209 ViewsAmendment of item no.(vi) of Schedule VII of the Comapanies Act,2013 MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 23rd, June 2020 G.S.R. 399(E).—In exercise of the powers conferred by sub-section (1) of section 467 of the CompaniesAct, 2013 (18 of 2013), the Central Government hereby makes the following further amendments in Schedule VII tothe said …

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GUIDELINES FOR FUNDING FOR RESEARCH STUDIES ON CORPORATE GOVERNANCE

246 ViewsMinistry of Corporate Affairs(Research & Analysis Division) GUIDELINES FOR FUNDING FOR RESEARCH STUDIES ON CORPORATE GOVERNANCE 1.1. The primary objective of the scheme viz.,“Funding for Research Studies on Corporate Governance” of the Ministry of Corporate Affairs is to better utilise the repository of corporate sector data available with the Ministry under the MCA21 e-governance …

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Invitation for Public Comments on Draft Valuers Bill, 2020

180 ViewsGovernment of IndiaMinistry of Corporate Affairs(PI Section) Sub: Invitation for Public Comments on Draft Valuers Bill, 2020 Ministry of Corporate Affairs had constituted a Committee of Experts (CoE) under the Chairpersonship of Shri M. S. Sahoo, Chairperson, Insolvency and Bankruptcy Board of India (IBBI) on 30th August 2019 to examine the need for an …

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Last Date of Submission of Suggestions has been extended from April 10, 2020 to April 20, 2020.

152 ViewsGovernment of IndiaMinistry of Corporate Affairs Invitation for Public Comments on the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020 9th April 2020New Delhi Ministry of Corporate Affairs had invited for public comments on the draft Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020 vide a notice dated 13th March, 2020. The last date …

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Functioning of NCLT during the lock down period

118 ViewsNationalCompanyLawTribunal 6thFloor,Block-3,CGOComplex,LodhiRoadNewDelhi-110003Dated:28.3.202 NOTICE In view of the lock down announced by the Government of India until 14.4.2020,to curtail the spread of COVID 19, the directions given in the notice dated 22.3.2020 issued by NCLT are here by extended up to 14.4.2020. 2. This issues with approval of Hon’ble Acting President, NCLT. (Shiv Ram Bairwa)Registrar

DIN holders of DINs marked as ‘Deactivated’ due to non-filing of DIR

192 ViewsDIN holders of DINs marked as ‘Deactivated’ due to non-filing of DIR-3KYC/DIR-3 KYC-Web and those Companies whose compliance status has been marked as “ACTIVE non-compliant” due to non-filing of Active Company Tagging Identities and Verification(ACTIVE) eform are encouraged to become compliant once again in pursuance of the General Circular No. 11 dated 24th March, …

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Clarification on contribution to PM CARES Fund as eligible CSR activity

263 ViewseF. No. CSR-05/1/2020-CSR-MCAGOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS 5th floor, A Wing, Shastri Bhawan,Dr. R.P. Road. New Delhi-11000128.03.2020 OFFICE MEMORANDUM Subject: Clarification on contribution to PM CARES Fund as eligible CSR activity under item no. (viii) of the Schedule VII of Companies Act, 2013. The Government of India has set up the Prime Minister’s …

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THE COMPANIES (AMENDMENT) BILL, 2020

143 ViewsTHE COMPANIES (AMENDMENT) BILL, 2020ABILLfurther to amend the Companies Act, 2013. BE it enacted by Parliament in the Seventy-first Year of the Republic of India as follows:— (1) This Act may be called the Companies (Amendment) Act, 2020.(2) It shall come into force on such date as the Central Government may, by notification in …

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Sensitization of Nidhi companies towards compliance of provisions of section 406 of Companies Act, 2013

135 ViewsIn order to make regulatory regime for Nidhi Companies more effective and also to accomplish the objectives of transparency & investor friendliness in corporate environment of the country, the Central Government has recently amended the provisions related to NIDHI under the Companies Act and the Rules (effective from 15.08.2019). Under Nidhi Rules, 2014, Nidhi …

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Corona Virus | Board meetings under the Companies Act, 2013

174 Views Considering the need to take precautionary steps to overcome the outbreak of the coronavirus (Covid-19), the Government has in-principle decided to relax the requirement of holding Board meetings with physical presence of directors under section 173 (2) r/w rule 4 of the Companies (Meetings of Board and its Powers) Rules, 2014 for approval …

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Privatisation of Companies

175 Viewsinistry of Finance The Government has given ‘in-principle’ approval for Privatisation of 24 CPSEs including Subsidiaries, Units and Joint Ventures with sale of majority stake and transfer of management control. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in …

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CCI approves combination involving setting up of Mindspace REIT by K. Raheja Corp Group

165 ViewsMinistry of Corporate Affairs The Competition Commision of India (CCI) approves proposed combination involving setting up of Mindspace REIT (REIT) by K. Raheja Corp Group and acquisition of certain equity shareholding held by selling shareholders in the Target Entities by REIT, under Section 31(1) of the Competition Act, 2002 The parties to the combination …

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CCI approves acquisition of additional equity shares in Hero FinCorp Limited by Otter Limited and Link Investment Trust

179 ViewsMinistry of Corporate Affairs The Competition Commision of India (CCI) approves acquisition of additional equity shares in Hero FinCorp Limited by Otter Limited and Link Investment Trust. The proposed combination envisages subscription to additional equity shares in Hero FinCorp Limited by Otter Limited and Link Investment Trust. Otter is an investment company registered in …

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CCI approves acquisition of Teesta Urja Limited by Greenko Mauritius

182 ViewsMinistry of Corporate Affairs The Competition Commision of India (CCI) approves the acquisition by Greenko Mauritius (Acquirer/Greenko) in Teesta Urja Limited (Target/TUL), under Section 31(1) of the Competition Act, 2002. The proposed combination relates to the acquisition by Greenko of approximately 35% equity stake in the paid-up equity share capital of TUL (Proposed Combination). …

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Cabinet approves Companies (Second Amendment) Bill, 2019

194 ViewsMinistry of Corporate Affairs The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the Companies (Second Amendment) Bill, 2019 to amend the Companies Act, 2013. The Bill would remove criminality under the Act in case of defaults which can be determined objectively and which, otherwise, lack the element of fraud …

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LLP settlement Scheme, 2020 launched ; Shall allow a One-time condonation of delay in filing statutorily required documents with the Registrar

184 ViewsMinistry of Corporate Affairs LLP settlement Scheme, 2020 launched ; Shall allow a One-time condonation of delay in filing statutorily required documents with the Registrar Scheme shall come into force on the 16th March, 2020 and shall remain in force up to 13th June, 2020 It has been observed that due to applicability of …

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