March 25, 2021 Summary of the notifications issued by MCA on 24/03/2021 MCA relaxes penal provisions with respect to Unpaid Dividend Account and Valuation by a Registered Valuer as per the Companies Amendment Act, 2020 Through this notification, MCA has relaxed penal provisions under the Companies Act, 2013 with respect to contravention of the [...]
March 19, 2021 Summary of the notifications and circular issued by MCA and IBBI on 18/03/2021 MCA notifies the commencement of provision related to remuneration of non-executive directors in case of inadequate/nil profits. MCA has notified the provision that non-executive director, including an independent director, can be remunerated by the Company in case [...]
March 16, 2021 Summary of the notification issued by IBBI on 15/03/2021 IBBI amends Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 Through this amendment - - a creditor shall now update its claim with the Interim Resolution Professional/ Resolution Professional (IRP/RP), as and when the claim is [...]
March 08, 2021 Summary of the notifications and circular issued by MCA and IBBI on 05/03/2021 and 04/03/2021 respectively MCA notifies the commencement of the provision with respect to abridged Annual Return for One Person Company and Small Company under the Companies Act, 2013 MCA has notified the provision that empowers Central Government [...]
March 05, 2021 Summary of the notification issued by IBBI on 04/03/2021 IBBI notifies Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2021 Through this amendment, the requirement, as specified in Regulation 31(2), to announce the filing of list of stakeholders with the Adjudicating Authority through public announcement in newspapers in [...]