MCA CIRCULAR REGARDING RELAXATION OF ADDITIONAL FEES IN FILING OF CERTAIN FORMS UNDER THE COMPANIES ACT, 2013 AND LLP ACT, 2008
MCA CIRCULAR NO. 6/2021 After receiving a various request from various stakeholders for relaxation on the levy of additional fees for filing of various forms under the Companies Act, 2013 and LLP Act, 2008, the Ministry of Corporate Affairs (MCA) has issued MCA Circular no 6/ 2021 dated May 3, 2021, for relaxation of additional […]
CERTAIN COMPANIES NOT TO BE CONSIDERED AS LISTED COMPANY
Introduction: The Ministry of Corporate Affairs (MCA) vide Notification No. G.R. E. 123 (E) dated 19th February, 2021, has issued ‘Companies (Specification of definitions details) Second Amendment Rules, 2021’ to further amend the ‘Companies (Specification of definitions details) Rules, 2014’. Amendment: The amendment has inserted another rule after rule 2. The newly inserted rule 2-A excludes the […]
REVISED THRESHOLD LIMITS BY MCA FOR SMALL PERSON COMPANIES AND THE BENEFITS GRANTED UNDER THE COMPANIES ACT, 2013
INTRODUCTION: The Hon’ble Finance Minister Mrs. Nirmala Sitharaman presented the Union Budget 2021 on February 1, 2021. The Budget leads the way for various amendments in the Companies Act, 2013, one of them being the proposal for change in the definition of Small Person Company (SPC) as mentioned in the Companies Act, 2013 (“Act”). This is expected […]
THE COMPANIES (AUDIT AND AUDITORS) AMENDMENT RULES, 2021
The Ministry of Corporate Affairs (MCA) vide Notification dated 24th March, 2021, has issued ‘The Companies (Audit and Auditor) Amendment Rules, 2021’ to further amend the Companies (Audit and Auditors) Rules, 2014 (“Rules”). The amendments are effective from 1st April,2022 The following are the amendments: Insertion of following 3 clauses to Auditor’s report (in addition to the other […]
MANAGERIAL REMUNERATION – The Companies Act, 2013
OVERALL MANAGERIAL REMUNERATION IN TERMS OF THE COMPANIES ACT, 2013 AND SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS), REGULATIONS, 2015 INTRODUCTION The term “remuneration” has been defined under Section 2 (78) of The Companies Act, 2013, (“Act”), which means any money or its equivalent given or passed to any person for services rendered by him and […]