Summary of Circular for Companies Act, 2013 issued on 21/08/2019 is listed below:
- MCA Circular on clarification under section 232(6) of the Companies Act, 2013:
Through this Circular, the Ministry has clarified the ‘appointed date’ under the scheme of merger and amalgamation of the companies, could be calendar date or may be tied to the occurrence of an event which is clearly mentioned in the scheme before its approval.
The Ministry further clarifies that in case the appointed date is based on occurrence of any event and if this event takes place subsequent to the filing of the order with the Registrar then the Company shall file the intimation within 30 days of such scheme coming into force. Read more…