Living with the times

A lawyer who is not up to date with the current legal and regulatory updates is nothing short of dangerous. Therefore, at NovoJuris Legal, we strive to stay current. We are also strong believers of growth of knowledge through sharing. These articles and blogs help us share our research with the world, so that no one has to reinvent the wheel yet again.

  • MCA filing for Covid19 readiness

    MCA filing for Covid19 readiness

    With the threat of COVID-19 looming large in the country, the Ministry of Corporate Affairs (“MCA”) introduced a web based form on 23 March 2020 to confirm the readiness of companies and LLPs to reign in the contagion. This web

  • MCA amends the limits for board approval of related party transactions

    MCA amends the limits for board approval of related party transactions

    Ministry of Corporate Affairs (“MCA”) vide Gazette Notification No. G.S.R. 857 (E) dated 18 November 2019, amended Rule 15(3)(a) of the Companies (Meetings of Board and its Powers) Rules, 2014 per below table: Previous Position Present Position Board approval for

  • "APPOINTED DATE" IN CASE OF MERGER AND AMALGAMATION

    "APPOINTED DATE" IN CASE OF MERGER AND AMALGAMATION

    The Ministry of Corporate Affairs (the MCA) vide its notification dated 21 August 2019, has provided a clarification with respect to interpretation of section 232(6) of the Companies Act (Act). Section 232(6) of the Act states that the scheme under

  • Nidhi Provisions Notified under Companies Act, 2013

    Nidhi Provisions Notified under Companies Act, 2013

    Ministry of Corporate Affairs (“MCA”) vide Notification dated July 1, 2019, appointed that Section 406 of the Companies Act, 2013 shall come into force from August 15, 2019. Nidhi company is created for borrowing and lending money between members. Some

  • New BEN-2 Form for declaration of Beneficial Owners

    New BEN-2 Form for declaration of Beneficial Owners

    Ministry of Corporate Affairs (“MCA”) vide Notification dated July 1, 2019, amended the Companies (Significant Beneficial Owners) Rules, 2018 by substitution of the existing Form BEN-2 for declaration of Beneficial Owners through the Companies (Significant Beneficial Owners) Second Amendment Rules,

  • Incorporation of Section 8 Companies (Not for Profit Organisation) gets simplified

    Incorporation of Section 8 Companies (Not for Profit Organisation) gets simplified

    The Ministry of Corporate Affairs (the MCA) vide its notification dated 7 June 2019 has amended the Companies Incorporation Rules, 2014 to simplify the incorporation procedure. This shall be effective from 15 August 2019. Following are the key changes made:

  • Regulatory update on Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2019

    Regulatory update on Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2019

    The Ministry of Corporate Affairs (the MCA) vide the Companies (Prospectus and Allotment of Securities) Rules, 2014 has introduced Form PAS-6. The said form is required to be filed by every unlisted public company within sixty days from the conclusion

  • Failure to file ACTIVE form would result in marking DIN of Directors as Director of ACTIVE  non-compliant company

    Failure to file ACTIVE form would result in marking DIN of Directors as Director of ACTIVE non-compliant company

    The Ministry of Corporate Affairs (the MCA) vide the Companies (Incorporation) Amendment Rules, 2019 read with the Companies (Incorporation) (Fourth Amendment) Rules, 2019 had introduced Form INC-22A ACTIVE mandating the Companies to file particulars of the Company and its registered

  • Clarification on Form ADT-1 (Form for Appointment of Auditor) filed through GNL-2 during the period 1 April 2014 to 20 October 2014

    Clarification on Form ADT-1 (Form for Appointment of Auditor) filed through GNL-2 during the period 1 April 2014 to 20 October 2014

    The Ministry of Corporate Affairs (the MCA) had received representation from various stakeholders seeking for relaxation from payment of additional fee specifically with respect to filing e-form ADT-1 which was filed through Form GNL-2 during the period from 1 April

  • Simplified process of Incorporation & Commercial registrations

    Simplified process of Incorporation & Commercial registrations

    Introduction The Ministry of Corporate Affairs (MCA) had notified the Companies (Incorporation) Third Amendment Rules, 2019[1] on 29 March 2019 which introduced the e-form INC-35 [Application for Goods and services tax Identification number, employees state Insurance corporation registration pLus Employees

    Alivia Das
    By Alivia Das 10 months ago
  • Changes in Eligibility Criteria for Class Action Application

    Changes in Eligibility Criteria for Class Action Application

    The Ministry of Corporate Affairs (“MCA”) on 08 May 2019 amended the National Company law Tribunal Rules, 2016, (“Rules”) which will streamline the provisions of Rule 84 of the said Rules (i.e. Right to apply under the Companies Act in

  • Changes in the process of Strike-off of the Companies

    Changes in the process of Strike-off of the Companies

    The Ministry of Corporate Affairs (“MCA”) on 8 May, 2019 has notified the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2019 (“Amendment Rules”) which shall come into effect from 10 May, 2019. The Amendment

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