Company Law - Corporate Law Reporter

Form ACTIVE (Active Company Tagging Identities and Verification)-Companies (Incorporation) Amendment Rules, 2019

Ministry of Corporate affairs vide its notification dated 21st Feb. 2019 effective from 25th Feb. 2019, has come up with a new requirement of filing of Form ACTIVE (Active Company Tagging Identities and Verification) for filing the particulars of the Company and its registered office as per the following details- Mandatory for - all the companies… Read More

Extension for last date of filing initial return in MSME Form 1

MCA has issued Circular no. 01/2019 dated 21st Feb. 2019 in reference to the pending deployment of MSME Form I on MCA 21 portal, stating that the period of 30 days for filing initial return in MSME Form 1 as specified in Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order,… Read More

Companies (Adjudication of Penalties) Amendment Rules, 2019

Ministry of Corporate affairs (MCA) has notified Companies (Adjudication of Penalties) Amendment Rules, 2019 dated 19th February, 2019, wherein the Central Government may appoint any of its officers not below the rank of Registrar, as adjudicating officers for adjudging penalty. The adjudicating officer for the purpose of adjudicating penalty, shall issue a written notice indicating… Read More

Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2019

As per the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2019 dated 19th February, 2019, in the Annexure, in Form PAS 3, in serial no. 6, in item (b), the words "not allotted securities with an application size of less than twenty thousand per person" shall be omitted. Content of this Rule is… Read More

Institute of Chartered Accountants of India to withdraw its announcement regarding clarification on Applicability of Rotation principles on a Company as per Section 139 of the Companies Act, 2013

Ministry has issued a letter to Institute of Chartered Accountants of India (ICAI) dated 15th Feb, 2019 to withdraw its announcement regarding clarification on Applicability of Rotation principles on a Company as per Section 139 of the Companies Act, 2013, where the Company ceases to fall under the ambit of Rotation principles under subsequent years.… Read More

Companies (Significant Beneficial Ownership) Amendment Rules, 2019

As per notification dated 8th February, 2019, Section 469 (1) and (2) of the Companies Act, 2013 read with section 90 of the Companies Act, 2013, Central Government amends the Companies (Significant Beneficial Owners) Rules, 2018, as Companies (Significant Beneficial Owners) Amendment Rules, 2019 effective from 8th February, 2019. Some of the Key points are… Read More

Notification under Section 465 of Companies Act, 2013

As per the notification dated 30th January, 2019, Central Government has appointed 30th January, 2019 as the date on which the provisions of Section 465 of the Companies Act, 2013 relating to the repeal of Companies Act, 1956 shall come into force. However, exception has been provided related to the repeal of Registration of Companies… Read More

eForm INC.20A (Declaration for commencement of business) available on MCA21 w.e.f 26th January 2019.

MCA has made available eForm INC.20A for Declaration for commencement of business, will be available on MCA21 Company Forms Download page w.e.f 26th January 2019. The Form shall be filed by all the Companies incorporated on or after 2nd November, 2018, within 180 days from the date of its incorporation. Read More

Companies (Prospectus and Allotment of Securities) Amendment Rules, 2019

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 22nd January, 2019 G.S.R. 43(E).—In exercise of the powers conferred by section 26, sub-section (1) of section 27, section 28, section 29, sub-section (2) of section 31, sub-sections (3) and (4) of section 39, sub-section (6) of section 40 and section 42 read with section 469 of… Read More

Companies (Acceptance of Deposits), Amendment Rules, 2019

TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Corporate Affairs Notification New Delhi, the 22 January,2019, G.s.R. _ (E). - In exercise of the powers conferred by clause (31) of section 2 and section 73 read with sub-sections (1) and (2) of section… Read More

Companies (furnishing of Information about Payment to micro and small enterprise suppliers) Order, 2019

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 22nd January, 2019 S.O. 368(E).—Whereas, the Central Government vide notification number S.O. 5622(E), dated the 2nd November, 2018 has directed that all companies, who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five… Read More

NCLT Amendment Rules, 2019 Dated 15.01.2019

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 15th January, 2019 G.S.R.29(E).—In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the National Company Law Tribunal Rules, 2016, namely:- 1. (1)… Read More

The Companies (Amendment) Ordinance, 2019

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 12th January, 2019/Pausha 22, 1940 (Saka) THE COMPANIES (AMENDMENT) ORDINANCE, 2019 NO. 3 OF 2019 Promulgated by the President in the Sixty-ninth Year of the Republic of India. An Ordinance further to amend the Companies Act, 2013. WHEREAS the Companies (Amendment) Ordinance, 2018 was promulgated by… Read More