April 2020 By a general circular 18/2020 issued on April 21, 2020, the Ministry of Corporate Affairs (“MCA”) extended the due date for Annual General Meeting (“AGM”) from June 30, 2020 to September 30, 2020 of companies whose Financial Year (“FY”) followed the calendar year basis, i.e. ended on December 31, 2019. Background: As per section...

April 2020 In view of the extension of the lockdown in India, the functioning of the courts continues to remain extremely negligible. Various courts and forums have issued renewed notifications which are highlighted below: 1. Supreme Court: This court continues to hear only limited and urgent matters. On April 15, 2020, SC issued another Standard Operating...

March 2020 Given the COVID-19 crisis, the Ministry of Corporate Affairs (“MCA”) announced certain important initiatives to deal with the public health situation and promote social distancing. Key updates are: Board Meetings through video conferencing Background: Rule 4 of the Companies (Meetings of Board and its Powers) Amendment Rules, 2020 lists various matters which cannot be approved in a board meeting held through video conferencing...

March 2020 Amongst other things, Covid-19 outbreak has had a huge impact on Indian courts where it is impossible to control mass gatherings as the volume of people physically present is the very antithesis of what current social distancing norms require. Apart from judges, lawyers, litigants, there is a battery of support staff that provide...