NFRA constituted on October 1, 2018

Commencement of NFRA provisions NFRA has been constituted w.e.f. 1st October, 2018 and from the said date sub-sections (1) and (12) of Section 132 have been notified. Sub-section (1) pertains to formation of NFRA and Sub-section (12) relates to head office of NFRA and it reads as follows: "The head office of the National Financial …

Amendments in CSR provisions – Section 135

MCA has announced the commencement of amendments to CSR provisions with effect from 19th September, 2018. This announcement can be accessed from: http://www.mca.gov.in/Ministry/pdf/CompaniesAmendAct2017_19092018.pdf The following are the major amendments: Changes relating to CSR. CSR provisions shall apply only if the conditions are met during the immediately preceding financial year. Before amendment, read with the Rules, …

Amendments relating to Managerial Remuneration Notified– 12th September, 2018

MCA has at last announced the commencement of the amendments that relax the provisions relating to managerial remuneration. Amendments contained in Sections 66-70 of the Companies (Amendment) Act, 2017 pertaining to Sections 196-198, 200 and 201 of the Principal Act, have been commenced with effect from 12th September, 2018 vide Notification dated 12th September, 2018, …

Amendments relating to Deposits – 15th August, 2018

MCA has notified 15th August, 2018 as the date on which the following amendments brought in by the Companies (Amendment) Act, 2017 shall commence. The Commencement Notification can be accessed from the following link: http://www.mca.gov.in/Ministry/pdf/CommencementNotification0507_06072018.pdf Section in Amendment Act Provisions in the Main Act Brief Particulars of the Amendment Section 15 Section 73 a.   Amount to …

Delay in filing satisfaction of charge permitted upto 300 days – 5th July, 2018

MCA has notified 5th July, 2018 as the date on which Section 20 of the Companies (Amendment) Act, 2017 commences. Section 20 of the Amendment Act deals with amendment to Section 82 of the Main Act. Delay in filing satisfaction of charge beyond 30 days but before 300 days is allowed on application to ROC …