CAIRR Update March 27, 2020

By | 2020-05-04T18:27:59+00:00 March 27th, 2020||

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 [...]

CAIRR Update March 26, 2020

By | 2020-05-04T18:23:29+00:00 March 26th, 2020||

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, [...]

CAIRR Update March 24, 2020

By | 2020-05-04T18:04:16+00:00 March 24th, 2020||

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 [...]

CAIRR Update March 23, 2020

By | 2020-05-04T17:52:29+00:00 March 23rd, 2020||

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 [...]

CAIRR Update March 20, 2020

By | 2020-05-04T17:27:26+00:00 March 20th, 2020||

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 [...]

CAIRR Update March 19, 2020

By | 2020-05-04T17:16:37+00:00 March 19th, 2020||

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 [...]

CAIRR Update March 18, 2020

By | 2020-05-04T17:04:47+00:00 March 18th, 2020||

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 [...]

CAIRR Update March 16, 2020

By | 2020-03-16T15:53:48+00:00 March 16th, 2020||

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 [...]

CAIRR Update March 13, 2020

By | 2020-03-13T12:02:49+00:00 March 13th, 2020||

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 [...]

CAIRR Update March 11, 2020

By | 2020-03-11T15:16:24+00:00 March 11th, 2020||

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 [...]

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