Monthly Archives: May 2021

CAIRR Update May 21, 2021

MCA issues clarification on offsetting the excess CSR amount spent for FY 2019-20 under the Companies Act, 2013 and its Rules. Further to the representations made by Indian Corporates, MCA has clarified that any excess amount or part thereof can be offset against the requirement to spend under section 135(5) for FY 2020-21, if a [...]

By | 2021-05-21T13:53:01+00:00 May 21st, 2021||0 Comments

5Qs for Every Corporate Professional: CimplyFive’s Five Qs to decide if your Company should utilize the Covid-19 Compliance Relaxations

The last one year has seen a spate of one-off compliance relaxations triggered by the COVID-19 pandemic. It ranges from reduced TDS rates on business income to dispensing with the need to hold a separate meeting of independent directors. This brings us to the moot question, should companies blindly use [...]

By | 2021-05-19T08:36:22+00:00 May 19th, 2021|Article|0 Comments

5Qs for Every Corporate Professional: CimplyFive’s Five Qs to Ascertain if your Company is Immune to Governance Mishaps

COVID-19 pandemic has made us realize the value of having strong immunity to prevent health mishaps due to infections. Strong immunity is required not only for good human health but also for good corporate governance. Corporates in chasing steep and ambitious goals need to avoid the pitfalls of taking shortcuts to [...]

By | 2023-10-20T16:35:49+00:00 May 17th, 2021|Article|0 Comments

CAIRR Update May 11, 2021

May 11, 2021 Summary of the circular issued by SEBI on 10/05/2021   Business Responsibility and Sustainability Reporting by listed entities under LODR Regulation, 2015 Further to the recent amendment to LODR, 2015 vide SEBI Circular dated 05/05/2021on Business Responsibility Reporting (BRR), SEBI has now notified the format and guidance note, which details out [...]

By | 2021-05-11T12:34:07+00:00 May 11th, 2021||0 Comments

CAIRR Update May 06, 2021

Summary of the circular issued by MCA on 05/05/2021    Clarification on eligible CSR activities under Companies Act, 2013 in light of COVID pandemic Through this circular, MCA has clarified that creation of health infrastructure for COVID care, establishment of medical oxygen generation and storage plants, manufacturing and supply of Oxygen concentrators, ventilators, cylinders and [...]

By | 2021-05-06T14:54:54+00:00 May 6th, 2021||0 Comments

CAIRR Update May 04, 2021

May 04, 2021 Summary of the circulars issued by MCA on 03/05/2021 MCA relaxes levy of additional fees in filing of certain forms under the Companies Act, 2013 and LLP Act, 2008 Through this circular, MCA has notified that no additional fees shall be levied on Companies/LLPs upto 31/07/2021 for the delayed filing of [...]

By | 2021-05-13T18:09:51+00:00 May 4th, 2021||0 Comments
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