March 27, 2020 Summary of the circular issued by SEBI on 26/03/2020 1. Additional relaxation measures issued by SEBI to Listed entities due to CoVID-19 pandemic To reduce the burden of Indian Corporates due to nation-wide lockdown, SEBI has granted further relaxations from compliance with respect to certain provisions of the SEBI [...]
March 26, 2020 Summary of the Order, Circular, Notification issued by MCA and IBBI on 24/03/2020 and 25/03/2020 1. Summary of the Relief Measures introduced by MCA under Companies Act, 2013 and Limited Liability Partnership Act, 2008 in view of COVID-19 outbreak Sr. No. Provision under Companies Act, 2013, LLP Act, 2008, [...]
March 24, 2020 Key highlights of Circulars issued by MCA and SEBI 1. Expenses made towards Novel Coronavirus (COVID – 19) to qualify as CSR Expense Keeping in view the decision by Government of India to treat COVID – 19 as a notified disaster, and to mobilise funds for effective recovery [...]
March 23, 2020 Key Compliance under Companies Act, 2013 and IB Code, 2016 Amendment! 1. Deployment of form on “Company Affirmation of Readiness towards COVID-19” Having made an appeal to the corporate sector for implementing a strategic policy on social distancing, which is most critical for reducing community transmission of the Novel [...]
March 20, 2020 Summary of Notifications and Circulars issued by MCA and SEBI on 19/03/2020 and 18/03/2020 1. The Companies (Meetings of Board and its Powers) Amendment Rules, 2020 In line with MCA bulletin on its website confirming the government’s in-principle decision to relax the requirement of holding Board Meeting’s with physical [...]
March 19, 2020 Summary of bulletin issued by MCA on 18/03/2020 1. Relaxation in holding Board Meeting with physical presence of Directors to enable people take necessary precautions against coronavirus MCA has issued a bulletin on its website confirming the government’s in-principle decision to relax the requirement of holding Board Meeting’s with physical presence of [...]
March 18, 2020 Summary of Circular issued by IBBI on 17/03/2020 1. Feature for modification of CIRP Forms submitted by an Insolvency Professional (IP) IBBI has now enabled a feature on the platform to facilitate the Insolvency Professionals to modify an already filed form. The modification shall not be subject to additional fees until [...]
March 16, 2020 Summary of Notifications issued on 12/03/2020 and 13/03/2020 1. Revisions to e-Forms GNL- 2 and INC- 28 vide Companies (Registration Offices and Fees) Second Amendment Rules, 2020 and Companies Incorporation (Second Amendment) Rules, 2020 respectively Further to the circulars issued by MCA on 17/02/2020 and 06/03/2020, directing Insolvency Professionals to [...]
March 13, 2020 Summary of the circular issued by MCA 12/03/2020 1. Extension of due date to 30/06/2020 for filing of Financial Statements for the FY 2018-19 for companies falling under UT of J&K and Ladakh jurisdiction MCA, vide its circular dated 12/03/2020, has extended the due date to 30/06/2020 from its earlier deadline of 31/03/2020 for [...]
March 11, 2020 Summary of the circular issued by MCA on 05/03/2020 1. MCA extends due date for filing form NFRA – 2 for FY 18-19 MCA vide this circular has extended the deadline for filing form NFRA – 2 from 90 days to 150 days from the date of deployment of the [...]