Dear All,
Sub : Companies Act 2013-- Amendments and Relaxation granted through Circulars extending the time of various form/ return filing and compliance
Please find detailed amendment given by MCA under the Companies Act 2013 with extension of timelines till 31 Dec 2020 for various compliances under the Companies Act, 2013. Copies of all Circulars and Notifications are as attached.
1. Circular No. 30/ 2020 dt 28092020====Extension of Companies Fresh Start Scheme, 2020 (CFSS 2020)
2. Circular No. 31/ 2020 dt 28092020===== Extension of LLP Settlement Scheme, 2020
3. Circular No. 32/ 2020 dt 28092020===== Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013
4. Circular No. 33/ 2020 dt 28092020====Allowing conducting of EGM through VC or Other Audio Visual Means
5. Notification No. G.S.R. 590(E) dt 28092020 ====Extending the time upto which the companies can conduct Board meetings through VC or Other Audio Visual Means
6. Notification No. G.S.R. 589(E)dt 28092020====Extending the time within which Independent Directors can register themselves on databank maintained by IICA
Further please note that the Companies (Amendment) Bill , 2020 was passed in Lok Sabha on 17th Sept 2020 and in Rajya Sabha on 22nd Sept 2020 has now received the assent of President of India on 28th Sept, 2020 and now it has become the Companies ( Amendment ) Act , 2020 . Few synopsis of CAA 2020 is as attached for your ready perusal.
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Within how many hours, your team review an article so that it can publish??? Thanks for your time.
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ESI and PF registration was not done at the time of incorporation of company in April, 2020 through AGILE form. Now we are unable to file application for ESI and PF registration on govt portal. Message displayed is w.e.f 15.02.2020, new public & private limited companies and OPC shal get registration number for EPFO % ESIC on mca portal through SPICE + and AGILE-PRO only.
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Respected Members
A RUN-LLP application submitted on 23/06/2020 is still pending for approval. Would like to know from members who have recently submitted RUN-LLP and for FiLLiP as to approximate number of days CRC is taking currently for approval of RUN-LLP and for FiLLiP.
Regards
Applicability of GST on part Time Employment of Director.
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Can anyone please tell what is the procedure to be followed for change of designation from Whole Time Director to Director in a Private Limited Company?
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Dear Members,
Is it necessary that a private company has to wait for a period of 2 years before proceeding to file an application in STK-2 for strike off?
The Company was carrying on operations before but has ceased to carry on operations from past one year.
Can anyone pls provide a draft format for the appointment of a Whole Time Director and payment of remuneration under Schedule V of Companies Act,2013.
Further, a company to which the provisions of Sec 203 are not applicable is appointing a WTD , does it is mandatory for the company to designate that person as KMP also and cover that section in resolution for the appointment of WTD?
Can a CS in whole time employment be appointed as a CFO of the same company, Please advice
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Can full time employee of a company be a full time director of a private limited company in India?
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Query is as follows:
There is an increase in remuneration of Mr. _____ (WTD) for which a special resolution is passed in the AGM. As per the explanatory statement the following terms is mentioned:
Salary, Allowances and Perquisites (including benefits, facilities and amenities): Rs. 3,75,00,000 (Rupees Three Crores and Seventy Five Lakhs only) per annum, with the authority granted to the Board of Directors (hereinafter referred to as “the Board” which term shall include in Committee of Directors) to determine the remuneration including inter-se breakup thereof and grant increases from time to time not exceeding 20% per annum but subject to shareholders’ approval in the General Meeting.
Can the above clause be altered in such a way that if the shareholders approve for increase of 20% p.a in this AGM, the shareholders approval would not be required in the next AGM if the remuneration to be paid is increased from 3.75 Cr to say 4 Cr?
Please help in this matter and guide accordingly.
Dear Members,
Once we receive approval mail from MCA, for change in name, within how many days we have to complete the procedure for existing company,
is it 60 or 20 days as per new amendment, and in case of resubmission, how many days time is allowed is it 15 days or as per time mentioned in email?
