Q 1. What is the LLP SETTLEMENT SCHEME -2020? Ans. In order to promote ease of doing business, the Central Government decided to give a Onetime relaxation in additional fees to the defaulting LLPs to make good their default by filing pending documents and to serve…
All about Companies Fresh Start Scheme 2020 Life doesn’t come with a re-set button but you can always give your life a fresh start anytime you choose. Similarly, the Ministry of Corporate Affairs(MCA) has come up with a scheme to provide a Fresh Start to the…
Ministry of Companies Affairs clarify vide General Circular No. 21/2020 dated 11th May 2020 mode of issue of notice referred to in section 62(1)(a)(i) of Companies Act (the ‘Act) read with section 62(2) of the Act for rights issue by listed companies. Circular stated that…
MCA CLARIFICATION ON DISPATCH OF NOTICE BY LISTED COMPANIES MCA vide General Circular no. 21/ 2020 dated 11th May, 2020 has issued CLARIFICATION ON DISPATCH OF NOTICE UNDER SECTION 62(2) OF COMPANIES ACT, 2013 BY LISTED COMPANIES FOR RIGHTS ISSUE OPENING UPTO 31ST JULY, 2020.…
The Ministry of Corporate Affairs vide General Circular No. 20/2020 dated 5th May 2020 has clarified that the companies are allowed to conduct Annual General Meeting (AGM) through Video Conferencing or other audio visual means due to lockdown or COVID-19 outbreak MCA has prescribed certain additional…
Introduction & Brief Background: In line with its circular dated March 24, 2020, the Ministry of Corporate Affairs (‘MCA’) has introduced Companies Fresh Start Scheme, 2020 (‘CFSS, 2020’) vide circular no. 12/2020 under Section 460 of the Companies Act, 2013 (“Act”) read with Section 403. This…
Noting the difficulties involved in physical meetings due to Covid-19 and the lockdown Ministry of Corporate Affairs vide General Circular No. 20/2020 dated 5th May, 2020 allows Companies to hold their Annual General Meeting (AGM) through video conferencing (VC) or other audio visual means (OAVM)…
The Institute of Company Secretary made representation to Ministry of Corporate Affairs on 30th April, 2020 relaxations in the provisions of the Companies Act, 2013 due to COVID-19. This representation includes the following points: Exemption from requirement of dispatching the physical copies of the Annual…