On Oct 27, 2023, Ministry of Corporate Affairs notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 and introduced two important rules 9(2) and 9B for public and private companies, as applicable. These two provisions will form part of 2014 Companies (Prospectus and Allotment of Securities) Rules. It is important to note...

Ministry of Corporate Affairs notified the Companies (Accounts) Amendment Rules 2022 on February 11, 2022, and inserted a new Rule 12(1B) to introduce a new requirement of furnishing an Annual Report on Corporate Social Responsibility (“CSR”) with the Registrar of Companies. 

The Ministry of Corporate Affairs (“MCA”) extends the due date for annual filings for Financial Year (“FY”) 2020-21. It will provide companies an opportunity to remain compliant by filing annual filing forms without payment of any additional fee.

September 2021 On September 23, 2021, the Registrar of Companies (“ROC”) granted an automatic extension of 2 months for holding Annual General Meeting (“AGM”) for Financial Year (“FY”) 2020-21. What is AGM extension: As per section 96 of the Companies Act, 2013, every company is required to hold its first AGM within 9 months from the...