updates – Page 4

Period/Days of extension for names reserved and re-submission of forms

June 23, 2020

S.N. Issue Description Period/Days of Extension 1. Names reserved for 20 days for new company incorporation. SPICe+ Part B needs to be filed within 20 days of name reservation. Names expiring any day between 15th March 2020 to 30th June would be extended by 20 days beyond 30th June 2020. 2. Names reserved for 60 days for change of name of company. INC-24 needs to be filed within 60 days of name reservation. Names expiring…

Clarification with regard to creation of deposit repayment reserve of 20% u/s. 73 (2) (C) of the companies Act 2013 and to invest or deposit 15% of amount of debentures u/r.18 of Companies (Share capital and Debentures) Rules 2014 – COVID-19 -Extension of time-regarding

June 22, 2020

shantanu

company law, updates

The Central Government has extended the due date from 30th June, 2020 to 30th September, 2020 for creation of deposit repayment reserve of 20% under section 73 (2) (c) of the Companies Act, 2013 and to invest or deposit 15% of amount of debentures under Rule 18 of Companies (Share Capital and Debenture) Rules, 2014. [Source: General Circular No. 24/2020 dated 19th June, 2020]

Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013

June 17, 2020

shantanu

company law, updates

The Central Government in exercise of its powers under section 460 read with section 4O3 of the Act and the Companies (Registration Offices and Fees) Rules, 2014 (Fees Rules) has decided to introduce a Scheme, namely “Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013” for the purpose of condoning the delay in filing certain forms related to creation/ modification of charges. Applicability: Form…

Clarification on passing of ordinary and special resolutions by companies under the Companies Act, 2013 read with rules made thereunder on account of Covid-19-Extension of time-reg.

June 17, 2020

shantanu

company law, updates

The Ministry of Corporate Affairs has decided to allow companies to conduct their Extra-ordinary General Meeting (EGM) through video conference (VC) or other audio visual means (OAVM) or transact items through postal ballot in accordance with the framework provided in the earlier circular(s) no.(s) 14/2020 and 17/2020 dated 08th April, 2020 and 13th April, 2020 respectively up to 30th September, 2020. [Source: General Circular No. 22/2020 dated 15th June, 2020]

Recommendation of 40th GST Council Meeting_Revocation of Cancellation of GST Registration

June 17, 2020

Nilamoni

GST updates, updates

As per the provision of GST Laws, if the registration has been cancelled by the authority on his own motion, the taxable person can apply for revocation of cancellation within 30 days from the cancellation. An opportunity has been given to such taxable person who failed to apply for revocation within the specified time. 40th GST council meeting recommended that for registration cancelled till 12th June, 2020 one can apply for revocation of cancellation till…