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  • 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

  • Extension of due date for filing ACTIVE form

    Extension of due date for filing ACTIVE form

    On 21 February 2019, the Ministry of Corporate Affairs (the MCA) had mandated all companies incorporated prior to 31 December 2017, to file Active Company Tagging Identities and Verification (Form INC 22A Active) on or before 25 April 2019. However,

  • Withdrawal of restriction on LLPs to carry on Manufacturing activities

    Withdrawal of restriction on LLPs to carry on Manufacturing activities

    The Ministry of Corporate Affairs (the MCA) had earlier issued Office Memorandum (OM) No. to all the Registrar of Companies (the RoCs) dated on 6 March 2019, instructing the RoCs to reject the applications for incorporation of Limited Liability Partnerships

  • Clarification on KYC updation for holders of Director Identification Number (DIN)

    Clarification on KYC updation for holders of Director Identification Number (DIN)

    The Ministry of Corporate Affairs (the MCA) on 5 July 2018, had mandated to every Individual who has been allotted a Director Identification Number (DIN) as on 31 March of every year to file the Form DIR 3KYC on or

  • Regulatory Update: MCA amends Incorporation Rules in relation to Shifting of Registered Office and Incorporation fee for companies

    Regulatory Update: MCA amends Incorporation Rules in relation to Shifting of Registered Office and Incorporation fee for companies

    As part of Government’s efforts to make India a startup hub and continuous efforts of ease of doing business in India, the Ministry of Corporate Affairs (the MCA) has issued notification dated 6 March 2019. With this notification following changes

  • Synopsis of Amendments made to the Companies Act, 2013 in the year 2019 and allied Action Points

    Synopsis of Amendments made to the Companies Act, 2013 in the year 2019 and allied Action Points

    The Ministry of Corporate Affairs (the MCA) in the month of January & February 2019 has issued the following amendments notification under the Companies Act 2013 (the Act): (a) Changes in Companies (Significant Beneficial Owners) Rules 2018 to identify individuals/entities

    Ashwin Bhat
    By Ashwin Bhat over 4 years ago
  • MINISTRY OF CORPORATE AFFAIRS: NOTIFICATION OF COMPANIES (PROSPECTUS AND ALLOTMENT OF SECURITIES) AMENDMENT RULES 2018

    MINISTRY OF CORPORATE AFFAIRS: NOTIFICATION OF COMPANIES (PROSPECTUS AND ALLOTMENT OF SECURITIES) AMENDMENT RULES 2018

    The MCA vide its notification dated 7 May 2018 has amended Companies (Prospectus and Allotment of Securities) Rules 2014 and done away the requirement of detailed list of contents of the prospectus following suggestions from the stakeholders that offer documents

  • Nuances associated with Issuance of Compulsorily Convertible Debentures

    Nuances associated with Issuance of Compulsorily Convertible Debentures

    Compulsorily Convertible Debentures (CCDs) are considered to be hybrid instruments / and equity linked instrument, i.e. they are treated as debt till the time they are converted into equity. When they are issued it is a debt, after a period

    SS
    By Shruthi Shenoy over 5 years ago
  • Regulatory Update: MCA - Companies (Accounts) Amendment Rules, 2018

    Regulatory Update: MCA - Companies (Accounts) Amendment Rules, 2018

    MCA vide its notification dated 27 February 2018 has amended the Companies (Accounts) Rules 2014 and notified the Companies (Accounts) Amendments Rules 2018. The Companies (Accounts) Amendment Rules, 2018 (“Amendment Rule”), inserts a new proviso under Rule 10 of the

  • REGULATORY UPDATE - MINISTRY OF CORPORATE AFFAIRS -

    REGULATORY UPDATE - MINISTRY OF CORPORATE AFFAIRS -

     MCA vide its notification dated 20 January 2018 has amended the Companies (Incorporation) Rules 2014 and the Companies (Registration Offices and Fees) Rules 2014 notified the Companies (Incorporation) Amendment Rules 2018 and the Companies (Registration Offices and Fees) Amendment Rules

  • REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS-DESIGNATION OF SPECIAL COURT FOR THE STATE OF KARNATAKA.

    REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS-DESIGNATION OF SPECIAL COURT FOR THE STATE OF KARNATAKA.

    The MCA vide its notification dated 4 December 2017 with the concurrence of the Chief Justice of the High Court of Karnataka, designated the LIX Additional City and Sessions Judge, Bengaluru City, as Special Court for the speedy trial of

  • REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS-NOTIFICATION OF COMPANIES (AMENDMENT) ACT 2017.

    REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS-NOTIFICATION OF COMPANIES (AMENDMENT) ACT 2017.

    The MCA has notified the Companies (Amendment) Act, 2017 effective from 3 January 2018, this shall amend certain existing provisions of the Companies Act 2013. Key Amendments are as below: The definition of “Associate Company” is aligned with Accounting Standard

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