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MCA Updates - 03.05.2021
                                             @contentImg1. Relaxation of time for fil...
Changes by Ministry of Company Affairs wef 1st April 2021 to ensure more and more transparency
Schedule III of the Companies Act 2013 contains the general instructions for preparation of Balance Sheet and Statement of Profit and Loss of a Company.Following are the changes made in the financials...
Financial year commencing on or after the 1st day of April, 202
Financial year commencing on or after the 1st day of  April,  2021,  every company  which  uses  accounting  software  for  maintaining  its  boo...
SEBI specifies investment limits for mutual fund scheme
Circular No. SEBI/HO/IMD/DF4/CIR/P/2021/032, Dated 11.03.2021 The market regulator, SEBI has decided to put investment limits for mutual funds schemes with special features like Additional Tier 1...
MCA notifies amendment to provisions relating to Annual returns w.ef. 05.03.2021
Notification No. S.O. _(E) Dated, 05.03.2021 MCA has notified amendment to section 92 of Companies Act, 2013 which relates to Annual Return. The amendment was earlier introduced vide Companies (A...
IBBI puts in place web platform for placing of stakeholder’s list on the IBBI’s website
CIRCULAR No. IBBI/LIQ/40/2021 Dated, 04th March, 2021 The IBC read with the IBBI (Liquidation Process) Regulations, 2016 (Liquidation Process Regulations) requires that the liquidator shall verif...
Now Small Cos. and OPCs shall have to file e-form MGT-7A for filing of their Annual returns: MCA
Notification No GSR-(E). Dated 05.03.2021 The MCA has notified amendment to the Companies (Management and Administration) Rules, 2014 requiring every OPC and Small Company to file their annual re...
SEBI extends facility to conduct meetings of unit holders of REITs and InVITs via VC/OAVM
CIRCULAR NO. SEBI/HO/DDHS/DDHS/CIR/P/2021/21 The market regular, SEBI has decided to extend the facility to conduct meetings of unit holders, through VC or OAVM for REITs/InvITs. Accordingly, Ann...
Govt. specifies 50 lakh registered users in India as threshold for reckoning ‘Significant Social Media Intermediary’
NOTIFICATION NO [F. NO. 16(4)/2020-CLES] The Central Government has specified fifty lakh registered users in India as the threshold for a social media intermediary to be considered a signifi...
IRDAI asks Insurers to take conscious call on declaring dividend for F.Y 2020-21
CIRCULAR NO. IRDA/F&A/CIR/MISC/032/02/2021The IRDAI has observed that insurers' performance in terms of business is gradually reviving. Therefore, it has been decided to withdraw the circular on d...
SEBI seeks report from NSE on “trading halt”
Press Release No. PR No.8/2021, The SEBI has advised NSE to carry out a detailed root cause analysis of the “trading halt” witnessed at NSE and explain the reasons for trading not migrating t...
RBI allows Authorised Dealer Category-I Banks to post and collect margin in India
CIRCULAR NO. RBI/2020-21/98 A. P. (DIR SERIES) CIRCULAR NO. 10, Dated 16.02.2021 The Reserve Bank of India (RBI) has allowed AD Cat-I banks to post and collect margin in India, on their own accou...
SEBI prescribes revised disclosure format under insider trading norms
CIRCULAR No. SEBI/HO/ISD/ISD/CIR/P/2021/19, Dated, February 09, 2021 Considering amendments to the SEBI (Prohibition of Insider Trading) Regulations 2015 on the inclusion of member of the promote...
IRDAI advices insurers to issue digital insurance policies via Digilocker
CIRCULAR NO. IRDAI/ INT/ CIR/ DGLKR/ 030/ 02/2021, Dated 09.02.2021 In order to promote the adoption of Digilocker in the insurance sector, the IRDAI has advised all applicants to enable their IT...
RBI tightens norms for Loans and advances to directors and their relatives by UCBs
CIRCULAR NO. DOR.CRG.CRS.CIR.NO.5/13.05.000/2020-21, Dated 08.02.2021 The Reserve Bank of India (RBI) has revised directions on the subject issued to Primary (Urban) Co-operative Banks (UCBs). &n...
RBI allows banks to deduct amount equal to credit disbursed to ‘New MSME borrowers’ from their NDTL to calculate CRR
Circular No. DOR.No.Ret.BC.37/12.01.001/2020-21, Dated 05.02.2021 The Reserve Bank of India (RBI) has allowed Scheduled Commercial Banks to deduct the amount equivalent to credit disbursed to ‘...
Banks are required to maintain the CRR at 3.50 per cent of their NDTL: RBI
Circular no. DOR.No. Ret.BC.35/12.01.001/2020-21, February 05, 2021 As announced in paragraph 2 of the Statement on Developmental and Regulatory Policies of February 05, 2021, the RBI decided to ...
No different registration is needed to deliver investment exhortation to general financial backers under IA guideline
Circular No. SEBI/HO/IMD/DF1/OW/P/2021/3186. Dated 05.02.2021 The SEBI made it clear in an interpretive letter issued to Sundaram Alternate Assets Limited under the informal guidance scheme that ...
SEBI lays down directions for setting up of Limited Purpose Clearing Corporation by mutual fund houses
The SEBI has issued guidelines for setting up limited purpose clearing companies (LPCC) by asset management firms, making it compulsory for them to contribute toward the share capital of such entities...
MCA allows Start –up companies to enter scheme of merger and amalgamation
The Ministry of Corporate Affairs (MCA) has notified the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021 whereby a new sub-rule (1A) has been inserted to the Rule 25 of t...
MCA revises definition of “Small Cos”; raises threshold for paid up capital from Rs. 50 lakhs to Rs. 2 cr.
The Ministry of Corporate Affairs (MCA) has informed the Companies (Specification of Definitions Details) Amendment Rules, 2021, where the threshold limit for small businesses has been increased. &nbs...
MCA relaxes additional fees on submission of annual financial statement till February 15, 2021
CIRCULAR NO. 4/2021, Dated 28.01.2021 In order provide extra time to stakeholders, the Ministry of Corporate Affairs has decided that no additional fees shall be levied up to Feb 15, 2021 for the...

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