LLP settlement Scheme, 2020: Allow a One-time condonation of delay in filing statutorily required documents with the Registrar The government is set to launch an amnesty scheme for Condonation of delay in filings by limited… MCA UPDATES DATED 04.03.2020

“Clarification on Officer in default in case of Independent Directors, non-promoters and non-KMP non-executive directors” Clarification on prosecutions filed or internal adjudication proceedings initiated against Independent Directors, non-promoters and non-KMP non-executive directors. http://www.mca.gov.in/Ministry/pdf/Circular_03032020.pdf

http://www.mca.gov.in/Ministry/pdf/Notification_02032020.pdf Section 462 of the companies Act, 2013 (18 of 2013), the Central Government, in the public interest, hereby makes the following further amendments in the notification of the Government of India, in the Ministry… MCA UPDATES DATED 02.03.2020

http://www.mca.gov.in/Ministry/pdf/rule_28022020.pdf Central Government hereby makes the following rules further to amend the companies (Appointment and Qualification of Directors) Rules, 2014, (1) These rules may be called the Companies (Appointment and Qualification of Directors) Amendment Rules,… MCA UPDATES DATED 28.02.2020

An important legislative change, if undertaken by the central government, could potentially reduce the pendency of cases in the Supreme Court by half, believes former Supreme Court Justice AK Sikri. The radical reform that Justice… Legal Observation Report: Amendment in Article 136 of Constitution of India may lead to reduction in pendency of Cases on Supreme Court Benches.

A Bill has been introduced in Rajya Sabha seeking to provide minimum 9 months’ time with assured income in case of termination of employees due to economic slowdown, employer becoming insolvent and change in technology… RAJYA SABHA INTRODUCED THE BILL “TERMINATED EMPLOYEES (WELFARE) BILL, 2020”

http://www.mca.gov.in/Ministry/pdf/Orders_25022020.pdf APPLICABILITY OF CARO 2020 MCA HAS NOTIFIED THE REVISED ORDER WHICH MAY BE CALLED THE COMPANIES (AUDITOR’S REPORT) ORDER, 2020 AND SHALL COME INTO FORCE ON THE DATE OF ITS PUBLICATION IN THE OFFICIAL… MCA UPDATES DATED 25.02.2020

http://www.mca.gov.in/Ministry/pdf/rule_19022020.pdf 1. Powers conferred by Sections 396, 398, 403 and 404 read with sub-sections (1) and (2) of Section 469 of the Companies Act, 2013 the Central Govt. makes following rules named as Companies (Registration… MCA UPDATES DATED 18.02.2020

HUMAN RIGHTS 1. The Ministry of Corporate Affairs is steering the process of formulating a National Action Plan on Business and Human Rights (NAP). 2. The obligation to draft a NAP stems from India’s endorsement… INVITATION FOR INPUTS FOR INDIA’S NATIONAL ACTION PLAN ON BUSINESS AND