January 15, 2021 Summary of the Circular and Notification issued by MCA and IBBI on 13/01/2021 and 14/01/2021 respectively MCA allows Companies to conduct Annual General Meetings(AGMs) due to be held in 2020 or that would be due in 2021 through Video Conferencing (VC) facility or Other Audio Visual Means (OAVM) In line [...]
January 11, 2021 Summary of the notification issued by SEBI on 08/01/2021 Disclosure of events under Regulation 30 of LODR, 2015 by a Listed Entity undergoing Corporate Insolvency Resolution Process(CIRP) under IBC, 2016 Through this notification, a listed entity undergoing CIRP under IBC, 2016 shall disclose following events with the Stock Exchanges, without [...]
January 05, 2021 Summary of the circular issued by IBBI on 04/01/2021 Manner and period of retention of records relating to Corporate Insolvency Resolution Process (CIRP) under IBC, 2016 and its regulations Through this circular, IBBI requires an Insolvency Professional (IP) to preserve copies of records, relating to that period of a CIRP [...]
January 04, 2021 Summary of the circular issued by MCA on 31/12/2020 MCA extends deadline for Companies conducting their EGMs through VC or Other Audio-Visual Means or transacting items through postal ballot to 30/06/2021 MCA vide its circular dated 31/12/2020 has extended deadline to 30/06/2021 (as against the earlier deadline of 31/12/2020) with [...]
December 31, 2020 Summary of Notification issued by MCA on 30/12/2020 Extension of relaxation with respect to dealing of restricted items in Meetings held through Video Conferencing to 30/06/2021 MCA vide this notification has extended the relaxation with respect to dealing of restricted matters such as approval of the financial statements, Board’s report, [...]
December 28, 2020 Summary of the notifications issued by MCA on 24/12/2020 1. Extension of validity of reserved name subject to payment of additional fees under Companies (Incorporation) Rules, 2014 w.e.f. 26/01/2020 Through this notification, the Registrar shall extend the period of a name reserved under rule 9 by using web service SPICe+ [...]
December 23, 2020 Summary of the Amendments in Companies Act, 2013, SEBI(LODR), 2015 and IB Code, 2016 issued on 21/12/2020 and 22/12/2020 1. MCA notifies the commencement of specified sections in the Companies (Amendment) Act, 2020 Through this notification, MCA has notified the effective date of 43 specified sections, including Share Capital related [...]
December 21, 2020 Summary of the Notification and Order issued by MCA on 17/12/2020 and 18/12/2020 1. MCA notifies applicability of Companies (Auditor’s Report), Order 2020 with effect from FY 2021-22 The Companies (Auditor's Report) Order, 2020 shall be made applicable from the financial year 2021-2022 instead of being applicable from the already [...]
Independent Directors play a vital role in the current corporate governance setup, by being the conscience keepers of the company. Disconnected from monetary gains, they are expected to do what is right and not be swayed by personal material benefits. Further, with an assured tenure as independent director they cannot [...]
December 09, 2020 Summary of the circular issued by SEBI on 09/12/2020 SEBI Issues circular to increase participation of non-institutional shareholders in e-Voting Facility Provided by Listed Entities Pursuant to regulation 44 of SEBI (LODR) Regulations, 2015, listed entities are required to provide remote e-voting facility to its shareholders, in respect of all [...]
