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 …

Legal Updates Digest December 2019

MCA Notifications and Circulars Extension of last date for Forms BEN-1 and BEN-2 MCA has extended the last date for filing Form BEN-2 upto 31.03.2020 vide General Circular No. 1/2020 dated 01.01.2020, which is available at: https://www.mca.gov.in/Ministry/pdf/Circular1_01012020.pdf. The last date for Form BEN-1 shall be construed accordingly. Extension of last date for filing Form CRA-4 …

Legal Updates Digest November 2019

MCA Notifications and Circulars Corrigendum to Amendment of Schedule VII of Companies Act, 2013 On 19th November, 2019, MCA issued the aforesaid corrigendum, accessible here: http://www.mca.gov.in/Ministry/pdf/Notification_28112019.pdf In the notification of the Government of India in the Ministry of Corporate Affairs number G.S.R. 776(E), dated the 11th October, 2019, published in the Gazette of India, Extraordinary, …

Legal Updates Digest October 2019

MCA Circulars and Notifications Independent Directors’ Database and Tests MCA has issued a series of notifications on 22nd October, 2019 in relation to creation of database of persons willing and eligible to be independent directors (IDs) and the requirement to pass a test in this respect conducted by the Indian Institute of Corporate Affairs (‘the …