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.

  • Clarification on due date for Annual General Meeting

    Clarification on due date for Annual General Meeting

    The Annual General Meeting (AGM) for the financial year ended 31 March 2020 has been extended till 31 December 2020 for all companies. Though the MCA had allowed companies to conduct AGMs through audio-visual means, the prevailing pandemic crisis had

  • MCA extends due date for filing Cost Audit Report

    MCA extends due date for filing Cost Audit Report

    The Ministry of Corporate Affairs (the MCA) has extended the last date of filing of CRA-4 (form for filing of the cost audit report) for financial year 2019-20 under the Companies Act, 2013. The MCA also relaxed the additional fees

  • MCA amends Deposit Rules for Startups

    MCA amends Deposit Rules for Startups

    The Ministry of Corporate Affairs has amended the Deposit Rules to allow start-ups to raise funds through corporate bonds or other convertible instruments for 10 years instead of 5 years. So an amount of twenty-five lakh rupees or more received

  • Amendment to Corporate Social Responsibility Policy Rules

    Amendment to Corporate Social Responsibility Policy Rules

    Ministry of Corporate Affairs (“MCA”) vide its notification number G.S.R. 526(E) dated 24 August 2020 has notified Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020 (the “Amended Rules”) in order to keep Companies (Corporate Social Responsibility Policy) Rules, 2014 (the

  • Additional activities that may be undertaken to discharge Corporate Social Responsibility

    Additional activities that may be undertaken to discharge Corporate Social Responsibility

    Ministry of Corporate Affairs (“MCA”) vide notification dated 24 August 2020 has amended item (ix) of Schedule VII of the Companies Act, 2013 (the “Act”) to include certain other activities which Companies may undertake in their Corporate Social Responsibility activities.

  • Ministry of Corporate Affairs: Clarification on Extension of Annual General Meeting (AGM)

    Ministry of Corporate Affairs: Clarification on Extension of Annual General Meeting (AGM)

    Clarification on Extension of Annual General Meeting (AGM) for the financial year ended as at 31 March 2020. Ministry of Corporate Affairs vide general circular dated 17 August 2020 has reiterated that the companies which are unable to hold their

  • 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 6 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 6 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 6 months ago
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