MCA Circular No 5 /2020 dated 02/03/2020 – Clarification on prosecution or proceedings initiated against Independent Directors, Non-promoters, Non-KMP, Non-executive directors.
MCA vide circular no. 5 on 02/03/2020 issued Standard Operating Procedure regarding prosecution filed or internal adjudication proceedings initiated against Independent Directors, non-promoters and non-KMP, non-executive directors. These clarifications include: Ordinarily, a WTD and KMP would be liable for defaults committed by a company as they are associated with the day-to-day functioning of the company. […]
MCA Notification No. GSR.145(E) dated 28/02/2020 – Companies (Appointment and Qualification of Directors) Amendment Rules, 2020.
MCA vide notification no. GSR.145(E) on 28/02/2020 issued Companies (Appointment and Qualification of Directors) Amendment Rules, 2020 to further amend Companies (Appointment and Qualification of Directors) Rules, 2014 which will come into force on 02/03/2020 wherein – In Rule 6(1)(a), the period of three months is substituted with five months. In Rule 6(4), the first […]
MCA Order dated 25/02/2020 – Companies (Auditor’s Report) Order, 2020
MCA vide order on 25/02/2020, in supersession of the Companies (Auditor’s Report) Order, 2016 issued Companies (Auditor’s Report) Order, 2020 which will come into force on 29/02/2020 wherein – Every report made by the auditor under section 143 of the Companies Act on the accounts of every company audited by him, to which this Order […]
MCA Notification No. GSR.127(E) dated 18/02/2020 – Companies (Registration offices and Fees) Amendment Rules, 2020
MCA vide Notification No. GSR.127(E) on 18/02/2020 issued Companies (Registration offices and fees) Amendment Rules, 2020 to further amend Companies (Registration offices and fees) Rules, 2014 which will come into force on 19/02/2020 wherein – Form No. GNL-2 is substituted. The said Notification can be accessed through the following link:MCANoti_GSR.127(E)_18022020_Co (Reg offices & fees) Amendment […]
MCA Notification No. G.S.R. 128(E) dated 18/02/2020 – The Companies (lncorporation) Amendment Rules, 2020
MCA vide Notification No. G.S.R. 128(E) dated 18/02/2020 issued the Companies (lncorporation) Amendment Rules, 2020 to further amend the Companies (lncorporation) Rules, 2014 which will come into force from 23rd February, 2020 wherein: Rule 9 is substituted by the following- “Rule 9- Reservation of name or change of name: An application for reservation of name […]
MCA Circular No. 4/2020 dated 17/02/2020 – Filing of forms on MCA by the Insolvency Professional (Interim Resolution Professlonal (IRP) or Resolutlon Professional (RP) or Liquidator) appointed under Insolvency Bankruptcy Code, 2016.
MCA vide Circular No. 4/2020 on 17/02/2020 issued a clarification regarding the procedure for filing of forms on MCA by the Insolvency Professional (Interim Resolution Professional (IRP) or Resolution Professional (RP) or Liquidator) appointed under Insolvency Bankruptcy Code, 2016 wherein, The IRP/ RP/ Liquidator will have to first file the NCLT order approving him as […]
MCA Notification No. GSR.114(E) dated 14/02/2020 – Nidhi Second Amendment Rules, 2020.
MCA vide Notification No. GSR.114(E) on 14th February, 2020 issued Nidhi Second Amendment Rules, 2020 to further amend Nidhi Rules, 2014 wherein – In Rule 23A, “six months” is substituted with “nine months”. The said Notification can be accessed through the following link:MCANotif_GSR.114(E)_14022020_Nidhi 2nd Amendment Rules, 2020
MCA Notification No. GSR.111(E) dated 13/02/2020 – Companies (Issue of Global Depository Receipts) Amendment Rules, 2020.
MCA vide Notification No. GSR.111(E) on 13th February, 2020 issued Companies (Issue of Global Depository Receipts) Amendment Rules, 2020 to further amend Companies (Issue of Global Depository Receipts) Rules, 2014 with the following amendments: In Rule 2 “Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993” is substituted by “Depository Receipts […]
MCA Notification No. GSR.81(E) Dated 03/02/2020 – The Nidhi (Amendment) Rules, 2020
MCA Vide Notification No. GSR.81(E) on 03/02/2020 issued amended The Nidhi (Amendment) Rules, 2020 to further amend the Nidhi Rules, 2014 which will come into force with effect from 10th February, 2020 wherein- Form NDH-1, NDH-2, NDH-3 has been substituted. The said Notification can be accessed through the following link:MCANotif_GSR.81(E)_03022020_Nidhi Amendment Rules 2020
MCA Notification No. GSR.80(E) Dated 03/02/2020 – National Company Law Tribunal (Amendment) Rules,2020.
MCA Vide Notification No. GSR.80(E) Dated 03/02/2020 issued The National Company Law Tribunal (Amendment) Rules,2020 to further amend National Company Law Tribunal Rules, 2016 which has come into force with the following amendment: After Rule 80, the following Rule is inserted- “80A – Application under section 230: An application under subsection (12) of section 230 […]