MCA / ROC Monthly Updates - August, 2020

MCA / ROC Monthly Updates

q Important Updates
01st August 2020 to 31st August 2020

1.      MCA update on Extract on Annual Return (MGT – 9)

Ministry of Corporate Affairs (MCA) vide Gazette ID CG-DL-E-28082020-221419 dated 28^th day of august 2020 has issued and published the Companies (Management and Administration) Amendment Rules, 2020, In exercise of the powers conferred under sub-section (3) of section 92, read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Management and Administration) Rules, 2014.

Applicable w.e.f. from 28^th day of August, 2020.

Crux of this notification:

“Provided that a company shall not be required to attach the extract of the annual return with the Board’s report in Form No. MGT.9, in case the web link of such annual return has been disclosed in the Board’s report in accordance with sub-section (3) of section 92 of the Companies Act, 2013.”

For circular, Click here

            MCA Monthly UPdate Calendar: august 2020

Sl.	Particulars of the Circulars	Link
1	Report of the Committee on Business Responsibility Reporting	Click here
2	The timeline for receiving the proposals for Research studies on Corporate Governance has expired. It will be informed when applications are being accepted again.	Click here
3	Shri Keshav Chandra, IAS (AGMUT: 1995) has been appointed as Director in the Serious Fraud Investigation Office (SFIO) under Ministry of Corporate Affairs, with effect from the forenoon of 03.08.2020, for an overall tenure of five years up to 17.12.2022 or until further orders, whichever is earlier.	Click Here
4	Filling up the posts of Joint Registrar, Deputy Registrar, Assistant Registrar, Programmer, Court Officer, Private Secretary, Senior Legal Assistant, Assistant Library Information Officer, etc. on deputation basis in National Company Law Tribunal (NCLT) Benches. - Last date of receipt of applications is 19.10.2020.	Click here
5.	Clarification on Extension of Annual General Meeting (AGM) for the financial year ended 31.03.2020, Companies Act, 2013	Click here
6	NFRA issues Audit Quality Review Report of the Statutory Audit for FY 2017-18 of IL&FS Financial Services Limited	Click here
7	Amendment of item no. (ix) in the Schedule VII of the Companies Act, 2013	Click here
8	Amendment of the Companies (CSR Policy) Rules, 2014 of the Companies Act, 2013	Click here
9	The timeline for receiving the proposals for Research studies on Corporate Governance has expired. It will be informed when applications are being accepted again.	Click here

Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition.

“Books may be the most valuable treasure of knowledge, but it is the human mind, that turns that knowledge into wisdom.”                ― Abhijit Naskar