Due to pandemic situations MCA has given the various relaxation in the provision of Companies Act 2013 for ease of doing business and same announcement is made by our Hon’ble Finance Minister Ms. Nirmala Sitharaman by their Twitter handle
1. Extension of Companies Fresh Start Scheme
The Ministry of Corporate Affairs vide circular No. 12/2020 dated 30.03.2020 had introduced a new scheme known as the Companies Fresh Start Scheme, 2020, valid from 01.04.2020 to 30.09.2020 to enable companies to make good their previous defaults. This Scheme has now been extended till 31.12.2020.
2. Extension of LLP Settlement Scheme
he MCA had also introduced a new scheme known as the LLP Settlement Scheme, 2020 vide circular No. 13/2020 dated 30.03.2020 which was valid from 01.04.2020 to 13.06.2020. The Scheme has been further extended to 31.12.2020 to enable LLPs to make good their previous defaults.
3. Extension of Time-Scheme for relaxation of time for filing forms related to creation or modification of Charges under the Companies Act 2013
The Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 also stand extended till 31.12.2020.
4. Extension of Time- Conducting of EGM through Video Conferencing or Other Audio Visual Means
Ministry of Corporate Affairs has decided to allow companies to conduct their EGMs through VC or OAVM or transact items through postal ballot upto 31st March 2020
5. Extension of Time – To register the names of Independent Directors on the Databank maintained by IICA
The Minsitry of Corporate Affairs has also extended the time within which Independent Directors of Company have to register themselves on the Databank maintained by IICA from 30.09.2020 to 31st December 2020.
Source: https://twitter.com/nsitharamanoffc/status/1310538925400760320
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.