Clarification of holding of AGM through Video Conference (VC) or Other Audio-Visual Means (OAVM)- MCA General Circular No. 19/2021 dated 08.12.2021

With reference to Ministry's General Circular No. 20/2020 dated 05.05.2020 and General Circular No. 02/2021 dated 13.01.2021, it has been decided to allow the companies whose AGMs are due in the Year 2021, to conduct their AGMs on or before 30th June, 2022 in accordance with the requirements laid down in Para 3 and Para 4 of the General Circular No. 20/2020 dated 05.05.2020. It is clarified that this Circular shall not be construed as conferring any extension of time for holding of AGMs by the companies under the Companies Act, 2013 (the Act) and the companies which have not adhered to the relevant timelines shall be liable to legal action under the appropriate provisions of the Act.

Clarification on passing of Ordinary and Special resolutions by the companies under the Companies Act, 2013 on account of COVID-19 – Extension of timeline – MCA General Circular No. 20/2021 dated 08.12.2021

In continuation to this Ministry's General Circular Nos. 14/2020 dated 08.04.2020, 17/2020 dated 13.04.2020, 22/2020 dated 15.06.2020, 33/2020 dated 28.09.2020 and 39/2020 dated 31.12.2020 and 10/2021 dated 23.06.2021 and after due examination, it has been decided to allow companies to conduct their EGMs through Video Conference (VC) or Other Audio Visual Means (OAVM) or transact items through postal ballot in accordance with framework provided in the aforesaid Circulars up to 30th June, 2022. All other requirements provided in the said Circulars shall remain unchanged.

No claim can be admitted after approval of Resolution Plan even GST dues Show Cause Notice was issued – The Commissioner of Central Taxes Goods & Service Tax Vs. C.S. Ashish Singh & Ors. – 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.

IBC does not provide for keeping the proceedings in abeyance and the application for admission has to be decided in a stipulated timeframe – Ananta Charan Nayak Vs. State Bank of India & Ors. – 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.

The existing Insolvency Framework in India provides no scope for effecting further modification or withdrawal of CoC approved Resolution Plans, at the behest of the Successful Resolution Applicant, once Plan has been submitted to the Adjudicating Authority – CoC of Educomp Solutions Limited through State Bank of India Vs. Mr. Mahender Kumar Khandelwal, RP of Educomp Solutions 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.

Limitation period can be extended under Section 19 of the Limitation Act, 1963 on credit entry in loan account deposited by unrelated party – Hemanshu Jamnadas Domadia Shareholder & Director of M/s. Silver Proteins Pvt. Ltd. Vs. Central Bank of India – 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.

Dispute is evident from the resolution passed for removal of Director and other resolution for not paying salary to any Director – Hukum Singh Vs. Adaab Hotels 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.

Change in the location of Debts Recovery Tribunal- III, Chennai with effect from 27.09.2021 (Monday) – Notification No. – S.O. 4730(E) dated 12.11.2021 – RDB Act 1993

MINISTRY OF FINANCE(Department of Financial Services)NOTIFICATIONNew Delhi, the 12th November, 2021 S.O. 4730(E).—In exercise of the powers conferred by section 3 of the Recovery of Debts and Bankruptcy Act, 1993 (51 of 1993), the Central Government hereby notifies the following…

Section 18 of the Limitation Act, 1963 posits that a fresh period of Limitation shall be computed from the date when the party against whom the right is claimed acknowledges its liability – Unigold System, a proprietorship concern through its Proprietor, Rajesh Kumar Gupta Vs. Fortune Spirit 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.

App

Install
×