Recent Amendments by MCA, RBI and others

In this edition we have tried to bring to your notice the latest amendment that followed in the month of November, 2020 issued by MCA, RBI, DIPP and others. Amendments issued by MCA Extension of LLP Settlement Scheme, 2020 The MCA extends due date of defaulting LLP to file belated documents under LLP Settlement Scheme, 2020. To read more  http://www.mca.gov.in/Ministry/pdf/GeneralCircularNo.37_09112020.pdf Amendments issued by RBI Discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999 The Reserve Bank of India has notified

Amendments by MCA: September 2020

In this edition we have tried to bring to your notice the latest amendment that followed in the month of September issued by MCA. Amendment introduced by MCA Companies (Acceptance of Deposits) Rules, 2020 In exercise of the powers conferred by section 73 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government in consultation with the Reserve Bank of India, hereby makes the following rules further to amend the

Recent Amendment by MCA, SEBI, RBI: August 2020

In this edition we have tried to bring you notice the latest amendment that followed in the month of August issued by MCA, SEBI, RBI and others.  Amendment introduced by MCA Amendment of item no. (ix) In the Schedule VII of the Companies Act, 2013 In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments in Schedule VII to the said

Recent Amendment by MCA, SEBI, RBI

In this edition we have tried to cover the latest amendment that followed in the month of July issued by MCA, SEBI, RBI and others. Amendment introduced by MCA Extension of the last date of filing of Form NFRA-2: In continuation of the Ministry’s General circular No. 19/2020 dated 30th April, 2020 and after due examination, it has been decided that the time limit for filing of Form NFRA-2, for the reporting period FY 2018-19, will be 270 days from

Relaxation introduced by MCA in June 2020

In view of the situation emerging out of the outbreak of COVID-19, which requires adherence of social distancing norms, the stakeholders have pointed about various difficulties MCA after considering this fact granted certain relaxation few of them are briefed as under. The Ministry of Corporate Affairs (MCA) has notified the amendments to Schedule VII of the Companies Act, 2013. The amendment is carried out in Schedule VII is to insert Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES

Relaxation introduced by MCA in April 2020

In view of the situation emerging out of the outbreak of COVID-19, which requires adherence of social distancing norms, the stakeholders have pointed about various difficulties MCA after considering this fact granted certain relaxation few of them are briefed as under. Relaxation for holding Extraordinary General Meeting (EGM) through Video Conferencing (VC) or other Audio-Visual means (OAVM) Due to the pandemic caused by COVID-19, Companies are requested to take all urgent business, other than ordinary business or business where the