MCA amends Companies(Creation and Maintenance of databank of Independent Directors) Rules, 2019 – No. G.S.R. 580(E) dated-19.08.2021

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 19th August, 2021 G.S.R. 580(E).—In exercise of the powers conferred by section 150 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further…

MCA amends Companies(Appointment and Qualification of Directors) Rules, 2014 – No. G.S.R. 579(E) dated- 19.08.2021

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 19th August, 2021 G.S.R. 579(E).—In exercise of the powers conferred by section 149 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further…

Special Court for the purpose of providing speedy trial of offences under clause (b) of sub-section (2) of section 435 – No. S.O. 3403(E) dated-19-08-2021

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 19th August, 2021 S.O. 3403(E).—In exercise of the powers conferred by section 435 of the Companies Act, 2013 (18 of 2013), the Central Government, with the concurrence of the Chief Justice of the High…

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.

Central Government appoints the 01.09.2021 as the date on which the provisions of section 4 of the Companies (Amendment) Act, 2020 (Section 16 of the Companies Act, 2013) shall come into force – MCA Notification SO 2904(E) dated 22.07.2021

In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2020 (29 of 2020), the Central Government hereby appoints the 1st September, 2021 as the date on which the provisions of section 4 of the said Act shall come into force.

Allotment of a new name to the existing company under section 16(3) of the Act – MCA Notification No. GSR 503(E) dated 22.07.2021

MCA vide Notification No. GSR 503(E) dated 22.07.2021 inserts a new rule 33A in Companies(Incorporation) Rules, 2014 which states that in case a company fails to change its name or new name in accordance with the direction issued under sub-section (1) of section 16 of the Act within a period of three months from the date of issue of such direction, the letters “ORDNC” (“Order of Regional Director Not Complied”), the year of passing of the direction, the serial number and the existing Corporate Identity Number (CIN) of the company shall become the new name of the company without any further act or deed by the company, and the Registrar shall accordingly make entry of the new name in the register of companies and issue a fresh certificate of incorporation in Form No.INC-11C.

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