CAIRR Update June 10, 2021

By | 2021-06-11T09:26:35+00:00 June 11th, 2021||

Summary of the notification issued by MCA on 09/06/2021   MCA notifies manner of transfer of shares held by the Significant Beneficial Owners under Section 90(9) the Companies Act, 2013 to IEPF. Through this notification, MCA has amended IEPFA (Accounting, Audit, Transfer and Refund) Rules, 2016, to prescribe detailed procedure with respect to manner [...]

CAIRR Update June 08, 2021

By | 2021-06-08T10:52:30+00:00 June 8th, 2021||

MCA facilitates obtaining Shops and Establishment Registration at the time of application of incorporation of a company under the Companies Act, 2013 using Form AGILE-PRO-S Through this notification, MCA has facilitated the entities applying for incorporation of a company to avail the option to get itself registered under Shops and Establishment Act using Form [...]

CAIRR Update June 02, 2021

By | 2021-06-02T10:42:08+00:00 June 2nd, 2021||

IBBI notifies Insolvency Professionals (IPs) to act as Interim Resolution Professionals (IRP), Liquidators, Resolution Professionals (RP) and Bankruptcy Trustees (BT) (Recommendation) Guidelines, 2021 with effect from 01/07/2021 IB Code, 2016 and its Rules requires the Board to recommend the name of an IP for appointment as IRPs, Liquidators, RP and BT under various sections for [...]

CAIRR Update June 01, 2021

By | 2021-06-01T10:16:46+00:00 June 1st, 2021||

Listed Entities to submit disclosures on Loans, Guarantees etc issued to Promoters/Promoter Groups etc. in Corporate Governance Report on a half-yearly basis under LODR Regulations, 2015 from the FY 2021-22 With an intent to bring in improved transparency, SEBI requires Listed Entities to provide disclosures on loans/ guarantees/comfort letters/ security issued directly or indirectly [...]

CAIRR Update May 21, 2021

By | 2021-05-21T13:53:01+00:00 May 21st, 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 [...]

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

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

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 [...]

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

By | 2021-05-17T11:56:04+00:00 May 17th, 2021|Article|

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 [...]

CAIRR Update May 11, 2021

By | 2021-05-11T12:34:07+00:00 May 11th, 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 [...]

CAIRR Update May 06, 2021

By | 2021-05-06T14:54:54+00:00 May 6th, 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 [...]

CAIRR Update May 04, 2021

By | 2021-05-13T18:09:51+00:00 May 4th, 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 [...]

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