A Discussion on Related Parties

PDF copy of this note is available here: a-discussion-on-related-partiesDownload Related party transactions are common as they make a lot of business sense – they are easier, more flexible and more beneficial compared to transactions with other parties. However, since there is a chance that they may not take place at arm’s length and hence may …

Companies (Amendment) Act, 2020

note-on-companies-am-act-2020-2Download For the full write up on this topic, please click the above link to download the pdf. For the gist of amendments, please continue reading. The Companies (Amendment) Act, 2020 brings in many important reforms which are the need of the hour, which inter alia, include decriminalization of several offences and insertion of a …

SEBI Relief Measures for Issuers

SEBI has issued various circulars in this pandemic situation to offer respite for the corporates. A compendium of the most important circulars can be found at this link: SEBI Relief Measures  

Companies Fresh Start Scheme, 2020 and LLP Settlement Scheme, 2020

PDF version of the following is available at: CFSS and LLPSS Companies Fresh Start Scheme, 2020 Introduction MCA has come up with the Companies Fresh Start Scheme, 2020 (“CFSS, 2020” or “the Scheme”) to give a bundle of benefits to corporates who have forms pending to be filed vide Circular dated 30th March, 2020. This …

Companies (Amendment) Act , 2019

The Companies (Amendment) Act, 2019 replaces the Companies (Second Amendment) Ordinance, 2019 and also introduces some new changes. Some of the amendments brought in the Ordinance (which took effect from 02.11.2018) were reducing burden on NCLT by transferring powers under Section 2(41) and Section 14 to the Central Government, reducing burden on Special Courts by …

Companies (Incorporation) Amendment Rules, 2020 – SPICE+ and AGILE PRO – 18.02.2020

SPICE+ and AGILE PRO These Amendment Rules shall come into force from 23.02.2020 and are available here: https://www.mca.gov.in/Ministry/pdf/rule_22022020.pdf The salient features of the Rules are as follows: SPICE+ (Simplified Proforma for Incorporating Company Electronically Plus: INC-32), and AGILE PRO (Application for Goods and services tax Identification number, employees state Insurance corporation registration pLus Employees provident …

Corporate Law Updates – Nov. 2020

The following is a digest of the major notifications and circulars issued by the regulators during the month of November, 2020, which may be of interest to the corporates and professionals, in general. MCA Extension of LLP Settlement Scheme, 2020 MCA has issued the General Circular No. 37/2020 dated 9th November, 2020, which is accessible …

Legal Updates Digest – October 2020

The following is a digest of the major notifications and circulars issued by the regulators during the month of October 2020, which may be of interest to the corporates and professionals, in general. MCA Companies (Prospectus and Allotment of Securities) Amendment Rules, 2020 MCA has issued the aforesaid amendment to the Chapter III Rules on …