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.
ICSI Representation to MCA for Relaxations in Covid -19 Times | ROC | MCA Click To TweetThis representation includes the following points:
- Exemption from requirement of dispatching the physical copies of the Annual Report
- Allowing Companies to pass circular resolutions for restricted matters without the requirement of
conducting a Board meeting. - Transfer of dividend amount in separate bank account within 5 days and payment with 30 days, including dispatch of physical dividend warrants through post.
- Extension of date for utilisation of CSR spends beyond 31st March, 2020
- Transfer of unpaid amount / shares to IEPF in terms of Section 124(5) & 124(6) of the Act
- Filing of Form MGT-14 & Form INC – 28 (for order of Central Government for condonation of delay) beyond the prescribed time period and Form SH – 7 for increase in authorized share capital
- Filing of Form CHG-1 and Forms CHG- 4
- Filing of MSME Form I
Click here to download the full representation
Practicing Company Secretary, M.Com and Commerce Graduate and founder at Shaffy Mehta & Co. She is having an overall 4 years experience of Company Law and other Corporate Laws.