February 15, 2022 Summary of the Circular issued by MCA on 14/02/2022 Extension of timeline for Additional Fee waiver towards filing of e-forms relating to Financial Statements and Annual Return for the FY 2020-21 upto 15/03/2022 and 31/03/2022 respectively MCA has for the third time extended the timeline with respect to additional fee waiver towards filing of e-Forms [...]
February 14, 2022 Summary of the notification issued by MCA on 11/002/2022 Requirement to file Report on CSR in Form CSR-2 by 31st March, 2022 MCA now requires every Company to which provisions of CSR is applicable u/s 135 of the Companies Act, 2013 to file a report on CSR in Form CSR-2 (whose format [...]
February 11, 2022 Summary of the notification issued by IBBI on 09/02/2022 IBBI amends Corporate Insolvency Resolution Process(CIRP) Regulations Key highlights of the amendment are: 1. Meeting of the Committee: a. Resolution Professional (RP) may convene a meeting of the committee at the request of members representing at least 30% of the [...]
Separating governance and management is essential for effective and efficient functioning of companies. While the Board of Directors are responsible for Governance, the CXO leadership team is responsible for management. Where Executive Directors are members of both the Board and the CXO leadership or where non-executive directors are or were [...]
