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.

  • 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,

  • 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

    NovoJuris
    By NovoJuris 3 months ago
  • COVID-19 Circulars/Notifications

    COVID-19 Circulars/Notifications

    The Governments at both central and state level along with the regulatory bodies, are putting their best efforts for containment of COVID-19 and to overcome the challenges faced by  business organizations, employees and various other stakeholders during the lockdown. There

    NovoJuris
    By NovoJuris 3 months ago
  • COVID-19 Outbreak: MCA’s measures to safeguard the interest of Companies and LLP

    COVID-19 Outbreak: MCA’s measures to safeguard the interest of Companies and LLP

    In order to support and enable Companies and Limited Liability Partnerships (“LLP”) in India to focus on taking necessary measures to address the COVID-19 threat, including the economic disruptions caused by it, the following measures have been implemented by the

    NovoJuris
    By NovoJuris 3 months ago
  • MCA filing for COVID-19 readiness

    MCA filing for COVID-19 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

    NovoJuris
    By NovoJuris 3 months ago
  • 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

  • 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:

  • 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

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