GRAFFITI #1
RELAXATIONS FROM MINISTRY OF CORPORATE AFFAIRS PURSUANT TO RESURGANCE OF COVID-19 PANDEMIC:
1. Board Meeting- Minimum gap between two Board meetings:
Ministry of Corporate Affairs (MCA) had vide its General Circulars dated 03rd May 2021 extended the gap for conducting Board Meetings as specified under section 173 of Companies Act, 2013, by a period of sixty days (60 days) from the initial period of one hundred and twenty days (120 days) for the first two quarters of the financial year 2021-22. Accordingly, the gap between two consecutive
meetings of the Board shall be extended to one hundred and eighty days (180 days) during the quarters April to June 2021 and July to September 2021, instead of 120 days.
2. Relaxation on levy of additional fees in filing of various Forms:
Ministry of Corporate Affairs (MCA) had vide its General Circulars dated 03rd May 2021 provided
relaxation of time up to 31st July 2021, for filing various forms (other than CHG-1, CHG-4 & CHG-9
Forms) under Companies Act 2013 and Limited Liability Partnership Act, 2008, for which the due
dates fall between the period 1st April 2021 to 31st May 2021.
3. Relaxation for creation / modification of charges
Ministry of Corporate Affairs (MCA) had vide notification dated 3rd May 2021 had relaxed the timelines for filing of forms related to creation / modification of charges.
As per provisions of Companies Act 2013, Read More
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