company law

In exercise of the powers conferred by section 454 read with section 469 of the Companies Act, 2013, the Central Government hereby amends the Companies (Adjudication of Penalties) Rules, 2014. These rules may be called the Companies (Adjudication of Penalties) Amendment Rules, 2019. They shall come into force on the date of their publication in the Official Gazette. [Source: Notification No. G.S.R. 131 (E) dated 19th February, 2019]

Pending the deployment of MSME Form I on MCA 21 portal and in order to avoid inconvenience to stakeholders on account of various factors, the period of thirty (30) days for filing initial return in MSME Form 1 as specified in Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019 dated 22.01.2019 shall be reckoned from the date the said e-form is deployed on MCA 21 portal. [Source: General…

The Central Government has amended the Companies (Incorporation) Rules 2014 by inserting a new Rule 25A after existing Rule 25. As per this new Rule 25A, all companies incorporated on or before 31st December 2017, shall file the particulars of the company and its registered office in e-Form ACTIVE i.e. E-Form 22A on or before 25th April, 2019. [Source: Notification No. G.S.R. 144 (E) dated 21st February, 2019]

The Central Government hereby amends the Companies (Prospectus Incorporation) Rules, 2014 and these rules may be called the Companies (Incorporation) Second Amendment Rules, 2019. By way of these amendments, a company with authorised capital up to Rs.15 lacs can be incorporated without any fees for E-form 32 (Spice). The existing threshold limit for authorized capital of Rs. 10 Lacs has been increased to Rs.15 Lacs. These rules shall be effective from 18th March, 2019. [Source:…