DECODING MCA SCHEME FOR RELAXATION OF CHARGES MCA vide General Circular no. 23/ 2020 dated 17th June, 2020 has issued Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 for all Companies Registered with…
Share transfer or transfer of shares is a simple process with which the owner of the share, transfers the rights and liabilities of the share to another person for a consideration or by way of gift. Though the securities or other interest of any member…
Ministry of Corporate Affairs vide notification dated 5th June, 2020 amend has amended Companies (Share Capital and Debentures) Rules, 2014 in the following manner: In the provision of issue of sweat equity shares, the old definition of startup company which was issued by Department of…
Sources and Credits: MSME Website What is the definition of MSME? The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under: MSMEs will now…
DRAFT AUDITOR CERTIFICATE FOR DPT – 3 LATEST UPDATE ABOUT MCA E – FORM DPT-3: 1. DPT – 3 included under CFSS: The MCA has uploaded a list of 76 forms (including for companies and LLPs) for which the benefit of the Scheme can be availed.…
Due to Corona virus situation Ministry of Corporate Affairs vide Notification No. G.S.R. 313(E) dated 26th May, 2020 amending Schedule VII of Companies Act, 2013 to insert contribution towards PM CARES Funds as eligible CSR activity under item no. viii, with effect from March 28,…
Definition of Nidhi Company or Mutual Benefit Society Nidhi or Mutual Benefit Society means a company which has been incorporated as a Nidhi with the object of: Cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only,…
MCA REVISED FAQ’S ON NAME RESERVATION AND RESUBMISSION FORMS Overview In view of the situation arising due to COVID-19 pandemic and extended lockdown period, Ministry of Corporate Affairs vide notification / circular dated 20th day of May, 2020 has issued Circular with respect to PERIOD/DAYS…