Compliance & Secretarial Update

17/01/2022

01/06/2020

Cabinet approves Upward revision of MSME definition and modalities/ road map for implementing remaining two Packages for MSMEs

Link: https://pib.gov.in/PressReleseDetail.aspx?PRID=1628344

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27/05/2020

Companies Act amended, contributions to PM CARES Fund to be considered as CSR

"In Schedule VII, item (viii), after the words "Prime Minister's National Relief Fund", the words — or Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) shall be inserted" ......

Link:http://www.mca.gov.in/Ministry/pdf/Circular_29032020.pdf

23/04/2020

proposes easier fundraising norms through preferential route for stressed companies

At present, rules mandate the issue price not be less than the average of weekly high and low for 26 weeks.

08/04/2020

allow to call EGM via Videoconferencing

https://bit.ly/2JQQTiE

06/03/2020

Practicing Company Secretary firm located in Malad (W), Mumbai is looking for trainees and freshers (with 0-1 year expeirence) on an urgent basis. Interested candidates to mail their resume on [email protected]

04/03/2020

Cabinet approves Companies (Second Amendment) Bill, 2019

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the Companies (Second Amendment) Bill, 2019 to amend the Companies Act, 2013.

The Bill would remove criminality under the Act in case of defaults which can be determined objectively and which, otherwise, lack the element of fraud or do not involve larger public interest. This would also lead to further de-clogging of the criminal justice system in the country. The Bill would also further ease of living for law abiding corporates.

Earlier, the Companies (Amendment) Act, 2015 amended certain provisions of the Act to remove difficulties faced in implementation of various provisions of the Act.

Source:

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04/02/2020

Update

Companies (Compromises, Arrangements and Amalgamations)Amendment Rules,2020
http://www.mca.gov.in/Ministry/pdf/Rules1_04022020.pdf

Nidhi (Amendment) Rules, 2020
http://www.mca.gov.in/Ministry/pdf/Rules2_04022020.pdf

NCLT (Amendment) Rules, 2020
http://www.mca.gov.in/Ministry/pdf/Rules3_04022020.pdf

Commencement notification dated 03.02.2020
http://www.mca.gov.in/Ministry/pdf/Notification_04022020.pdf

31/12/2019

The last date for generation of eCSIN has been extended to 15th January, 2020. For generating eCSin visit https://ecsin.icsi.edu/

In exercise of the powers conferred by clause (1) of Part II of the Second Schedule to the Company Secretaries Act, 1980 as amended by the Company Secretaries (Amendment) Act, 2006, the Council of the Institute of Company Secretaries of India hereby issues the following guidelines.

27/12/2019

plans to introduce frequent filing for large companies: Report

The companies are, at present, required to file annual reports.

25/12/2019

Practicing Company Secretary firm located in Malad (W), Mumbai is looking for trainees and a fresher on an urgent basis. Interested candidates to mail their resume on [email protected]