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  • NSE: Extension in Timeline for Payment of Annual Listing Fees

    NSE: Extension in Timeline for Payment of Annual Listing Fees

    In view of the operational challenges faced by Companies on account of the COVID-19 breakout, the National Stock Exchange (NSE) has pursuant to its circular dated 30 April 2020 extended the due date of payment for the annual listing fees

  • Extension Notification for filing Form NFRA-2

    Extension Notification for filing Form NFRA-2

    The MCA vide its notification dated 30 April 2020 has extended the time limit of filing of Form NFRA-2 for financial year 2018-19. Form NFRA-2 is the annual return to be filed by the statutory auditor of a company with

  • Extension of deadline for registration of Independent Directors on the databank

    Extension of deadline for registration of Independent Directors on the databank

    The Ministry of Corporate Affairs (“MCA”), with the objective of strengthening the institution of independent directors under the Companies Act, 2013 (“Companies Act”) had launched the Independent Director’s databank in accordance with the provisions of the Companies Act and the

  • Use of Form GST PMT-09 notified and effective from 21 April 2020

    Use of Form GST PMT-09 notified and effective from 21 April 2020

    Pursuant to a notification dated 28 April 2020 (“Notification”), the Central Board of Indirect Taxes and Customs (“CBIC”) has notified that the Rules 9(c) and 25 of the Central Goods and Services Tax (Fourth  Amendment)  Rules,  2019 (“Amendment Rules”), which

  • Consolidated list of relaxation of timelines for disclosures to be made to SEBI

    Consolidated list of relaxation of timelines for disclosures to be made to SEBI

    Under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, listed entities

  • SEBI exempts capital and debt market services from closure due to lockdown

    SEBI exempts capital and debt market services from closure due to lockdown

    The Ministry of Home Affairs had issued an order dated 24 March 2020 (“MHA Circular”) setting out the measures to be taken by the Government (state, central and union territory) and Government authorities for containment of COVID-19 epidemic. The MHA

  • Setting up of a Company in India is simplified

    Setting up of a Company in India is simplified

    The Ministry of Corporate Affairs ("MCA") has introduced new incorporation form "SPICE+" and "AGILE PRO" that allows the stakeholders to make a composite application for incorporation and following additional services: -       Reservation of Name; -       Incorporation; -       Employees’ Provident Fund

  • Central Government to decide on winding up of small companies

    Central Government to decide on winding up of small companies

    The Ministry of Corporate Affairs (the MCA) vide its notification dated 24 January 2019, has notified Companies (Winding Up) Rules, 2020 ("Rules") to make the winding procedure easier for certain class of companies having small scale of business. These Rules

  • New rules for takeover of Unlisted Companies

    New rules for takeover of Unlisted Companies

    On 3 February 2020, the Ministry of Corporate Affairs ("MCA") notified sections of the Companies Act 2013 (the Act) in relation to takeover of unlisted companies. With the notification of sub-section 11 & 12 of section 230 of the Act,

  • Faceless adjudication- an initiative by Ministry of Corporate Affairs

    Faceless adjudication- an initiative by Ministry of Corporate Affairs

      The Ministry of Corporate Affairs vide its press release on 6 April 2020, announced that it would upgrade its online services offered to the companies through the MCA21 portal. It aims to enable adjudication of certain specified offences remotely

  • MCA's Fresh Start Scheme- an opportunity for defaulting companies

    MCA's Fresh Start Scheme- an opportunity for defaulting companies

    In the wake of COVID - 19, the Ministry of Corporate Affairs has provided a one-time opportunity to companies and LLPs to complete pending compliances, by filing necessary documents in the MCA-21 registry without being subject to additional fees due

  • CCI amends provisions relating to informants requesting inquiry in to certain agreements or dominant position of enterprise

    CCI amends provisions relating to informants requesting inquiry in to certain agreements or dominant position of enterprise

    Competition Commission of India (“CCI”) vide Gazette Notification dated 20 November 2019, amended the Competition Commission of India (General) Regulations, 2009 relating to informants, as follows: A new clause 10(2)(da) is inserted to provide details of any dispute between the

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