company law

In order to give opportunity to the defaulting companies and to enable them to file the belated documents in the MCA-21 registry, the Central Government in exercise of powers conferred under section 460 read with section 403 of the Companies Act, 2013 has decided to introduce a scheme namely “Companies Fresh Start Scheme, 2020 (CFSS-2020)” condoning the delay in filing document, return, statement etc. with the Registrar, insofar as it relates to charging additional fees…

The Central Government has clarified that the Companies (Auditor’s Report) Order, 2020 shall apply from 01st April, 2020 instead of 01st April, 2019. [Source: Notification No. S.O 1219 (E) dated 24th March, 2020]

The Ministry of Corporate Affairs keeping in view of the spread of novel Corona Virus (COVID-19) in India, its declaration as pandemic by the World Health Organization (WHO), and, decision of Government of India to treat this as a notified disaster, have clarified that spending of CSR funds for COVID-19 is eligible for CSR activity. Funds may be spent for various activities related to COVID-19 under item nos. (i) and (xii) of Schedule VII relating…

The Central Government clarified that for the period beginning from the commencement of the Companies (Meetings of Board and its Powers) Amendment Rules, 2020 and ending on the 30th June, 2020, the meetings on matters referred herein below may be held through video conferencing or other audio visual means The approval of annual financial statements; The approval of the Board’s Report; The approval of the prospectus; The audit committee meetings for consideration of financial statement…