MCA exempts foreign companies and companies incorporated outside India from the provisions of sections 387 to 392 (both inclusive) insofar as they relate to the offering for subscription in the securities, requirements related to the prospectus, and all matters incidental thereto in the International Financial Services Centres – MCA Notification No. SO-3156(E) dated 05.08.2021

MCA exempts foreign companies and companies incorporated or to be incorporated outside India, whether the company has or has not established, or when formed may or may not establish, a place of business in India, from the provisions of sections 387 to 392 (both inclusive) insofar as they relate to the offering for subscription in the securities, requirements related to the prospectus, and all matters incidental thereto in the International Financial Services Centres set up under section 18 of the Special Economic Zones Act, 2005.

The Companies (Registration of Foreign Companies) Amendment Rules, 2021 dated 05.08.2021

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 5th August, 2021 G.S.R. 538(E).—In exercise of the powers conferred by clause (c) and clause (h) of sub-section (1) and sub-section (3) of section 380, clause (a) of sub-section (1) and sub-section (3) of…

The Companies (Specification of definitions details) Third Amendment Rules, 2021 dated 05.08.2021

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 5th August, 2021 G.S.R. 539(E).—In exercise of the powers conferred by sub-clause (ix) of clause (76), sub-clause (iii) of clause (77) of section 2, read with sub-sections (1) and (2) of section 469 of…

Clarification on spending of CSR funds for COVID-19 vaccination – reg. – MCA General Circular No. 13/2021 dated 30.07.2021

This Ministry vide General Circular No. 10/2020 dated 23.03.2020 clarified that spending of CSR funds for COVID-19 is an eligible CSR activity. In continuation to the said circular, it is further clarified that spending of CSR funds for COVID-19 vaccination for persons other than the employees and their families, is an eligible CSR activity under item no. (i) of Schedule VII of the Companies Act, 2013 relating to promotion of health care including preventive health care and item no. (xii) relating to disaster management.

List of forms providing waiver of additional fee as per Circular no. 11/2021 and 12/2021: Dated 01/07/2021

The Ministry of Corporate Affairs issued on 01.07.2021 the  list of forms for which additional fee waiver shall be made available/extended in line with the General Circulars 11/2021 and 12/2021. Stakeholders may please take note and plan accordingly: S. No…

If there was deficiency in pleading, the same could be corrected by giving opportunity before NCLAT to amend the pleadings – Vivek Malik, Suspended Director of Amzen Machines Pvt. Ltd. Vs. Punjab National Bank – NCLAT New Delhi

In order to access this content you need to login to your account or in case you've already logged in, you may need to Subscribe here.
If you are still facing any issue in login, WhatsApp us : +91 9577994433 or Click here to WhatsApp us.

Where it appears that application is filed collusively not with the purpose of Insolvency Resolution but otherwise, then despite fulfilling all the conditions of Section 7(5) of the Code, the AA can exercise its discretion in rejecting the application relying on Section 65 of the Code – Hytone Merchants Pvt. Ltd. Vs. Satabadi Investment Consultants Pvt. Ltd. – NCLAT New Delhi

In order to access this content you need to login to your account or in case you've already logged in, you may need to Subscribe here.
If you are still facing any issue in login, WhatsApp us : +91 9577994433 or Click here to WhatsApp us.