eMinds Legal Advocates & Solicitors
eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.
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MCA amends limit for appointment of Whole Time Company Secretary and Secretarial Audit
MCA vide notification dated 6th January, 2020 amended Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 to bring out changes in the scope of appointment of Company Secretary and Secretarial Audit to be effective from 1st April, 2020. Below are the amendments made under Rule 8A and Rule 9 pursuant to section 203 and… Read More
Extension of last date of filing of Form BEN-2
MCA vide circular dated 1st January, 2020 extends time limit for filing of Form BEN-2 (Return to the Registrar in respect of declaration under section 90) upto 31st March, 2020. BEN-2 has to be filed within 30 days from the receipt of declaration in Form BEN-1( declaration of Significant Beneficial Ownership by SBO). Accordingly last… Read More
Supplement to Corporate Law Referencer 5th Edition unveiled
Corporate Law Referencer is a Book by emindslegal presenting 360° View of the Companies Act 2013 with section-wise Arrangement of all Circulars, Orders, Rules, Notifications and Forms including Procedures, Checklists, FAQs, Judicial Precedents & Forms. Supplement to 5th Edition of Corporate Law Referencer has been developed to cover the significant amendments made by the Companies (Amendment) Act, 2019. It… Read More
Extension of last date of filing of Form PAS-6
MCA vide General Circular dated 28th November, 2019 extends time limit for filing Form PAS-6 (Reconciliation of Share Capital Audit Report (Half-yearly)) required to be filed by every unlisted Public Company within 60 days from the conclusion of each half year due to unavailability of the form on Portal. The time limit for filing Form… Read More
Extension of last date of filing of Form NFRA-2
MCA vide General Circular dated 27th November, 2019 extends time limit for filing Form NFRA-2 (Annual Return to be filed by Auditor with National Financial Reporting Authority). Now, the time limit for filing the form will be 90 days from the date of deployment of this form on the website of National Financial Reporting Authority.… Read More
Complinity Webinar: Private Provident Fund Trust or EPFO?
The recent economic and regulatory changes have posed significant problems for organisations that are running their own in-house Provident Fund Trusts. Some of the major issues that are arising in this context are: Fiduciary responsibility of the Trustees and the Employer; Implications of the reforms in EPFO on PF Trusts; Investment losses in PF Trusts;… Read More
MCA amends threshold limits for Related Party Transactions
MCA vide notification dated 18th November, 2019 amends Rule 15 of Companies (Meetings of Board and its Powers) Rules, 2014 providing for Contract and arrangements with related parties, through Companies (Meetings of Board and its Powers) Second Amendment Rules, 2019. The rule specifies the thresholds where prior approval of the Company by the way of… Read More
RBI withdraws exemptions granted to Housing Finance Institutions
RBI vide notification dated 11th November, 2019 has withdrawn exemptions granted to Housing Finance Institutions from the provisions of Chapter IIIB (provisions relating to non-banking institutions receiving deposits and financial institutions) of Reserve Bank of India Act, 1934. Consequently, provisions of Chapter IIIB except Section 45-IA(Requirement of registration and net owned fund)of Reserve Bank of… Read More
Disqualification of Directors for non filing of Annual Returns
Stakeholders are informed that Registrar of Companies (ROCs) are in process of identification and flagging of directors disqualified under section 164(2)(a) of the Companies Act, 2013 for their default of non filing of financial statement or annual return for continuous period of three financial year i.e. 2015-16, 2016-17 and 2017-18. In this regard , all… Read More
Central Government delegates its power to appoint officers and other employees of NCLT and NCLAT
MCA vide notification dated 14th October, 2019, has delegated the powers and functions of Central Government to provide officers and other employees to the Tribunal and the Appellate Tribunal referred in section 418 of the Companies Act, 2013 to the President and Chairperson of the said Tribunal and the Appellate Tribunal, as the case may… Read More
MCA amends rules under section 186 in consensus with sub section 11 of section 186
MCA vide notification dated 11th October, 2019 amends Rule 11 of Companies (Meetings of Board and its Powers) Rules, 2014 providing for loans and investment by a company under section 186 of the Act. As per section 186, the company established with the objects of and engaged in the business of financing industrial enterprises were… Read More
Form NDH-4 available for filing on MCA Portal w.e.f 11th October 2019
Form NDH-4 (Form for filing application for declaration as Nidhi Company and for updation of status by Nidhis) notified vide the Nidhi (Amendment) Rules 2019 dated 1st July 2019 shall be available for filing w.e.f 11th October 2019. Stakeholders may please take note and plan accordingly. Read More
MCA relaxes additional fees and grants extension of last date of filing of Form BEN-2 and BEN-1
MCA has granted extension of the time limit for filing e-form No. BEN-2 (Return to Registrar in respect of declaration under Section 90) upto 31st December, 2019 without payment of additional fee. Consequent to the extension in the date of filing of e-Form BEN-2, the date of filing of Form BEN-1(Declaration by Significant beneficial owner… Read More
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