#m.c.a notification

New Post has been published on https://casolutionsglobal.com/news-company-eligible-to-contribute-in-prime-ministers-national-relief-fund-as-c-s-r-activity/

Is Company eligible to contribute in Prime Minister’s National Relief Fund as C.S.R Activity

In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendment to Schedule VII of the said Act, namely:

In Schedule VII, item (viii), after the words “Prime Minister’s National Relief Fund”, the words “or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)” shall be inserted as Corporate social responsibility.

New Post has been published on https://casolutionsglobal.com/m-c-a-extend-period-days-for-names-reserved-and-resubmission-of-forms/

M.C.A. EXTEND-PERIOD/DAYS FOR NAMES RESERVED AND RESUBMISSION OF FORMS

Mca extended the period for name reserve and various resubmission of forms,

Refer notification

New Post has been published on https://casolutionsglobal.com/due-date-of-holding-of-annual-general-meetings-due-to-covid-19/

Due date of holding of annual general meetings financial year has ended on 31st December, 2019 due to covid-19

After receiving Several representations from stakeholders with regard to difficulty in holding annual general meetings (AGMs) for companies whose financial year ended on 31st December 2019 due to COVID-1 9.

Following Provision as per  Companies Act, 2013 (Act) allows a company to hold its AGM within a period of six months (nine months in case of first AGM) from the closure of the financial year and not later than a period of 15 months from the date of last AGM.

On account of the difficulties highlighted above, it is hereby clarified that if the companies whose financial year (other than first financial year) has ended on 31st December 2019, hold their AGM for such financial year within a period of nine months from the closure of the financial year (i.e. by 30th September 2020), the same shall not be viewed as a violation.

(Refer notification)