Important Regulatory Updates amidst Corona Virus Pandemic!

Spending for COVID – 19 has been declared to be an eligible spend for the purposes of CSR.

Amid the widely spread coronavirus contamination and in line with the government’s measures to contain the outbreak, the Ministry of Corporate Affairs ("MCA") in a circular dated March 23, 2020 has hereby clarified that spending of CSR funds in activities to mitigate COVID-19 will be considered as an eligible CSR activity. Read More

Working from Home – Rules and Regulations

More than 500 cases of COVID-19 have so far been confirmed in the country as per the Indian Council of Medical Research. COVID-19 has called for some emergency measures such as lockdown of certain states and districts, complete halting of transportation services including rail and air travel and sealing international borders. In such times when a pandemic has brought us to a complete stop, how can companies and organizations function? How can employers ensure that their employees are out of the harm’s way, while balancing their health and safety interests? These are some pertinent questions which are being constantly asked. We bring to you today, a ready reckoner with responses to all the questions you may have with respect to COVID-19.  Read More

Amid Coronavirus Restrictions, MCA allows board meetings via video conferences

Amid the widely spread coronavirus contamination and in line with the government’s measure to contain the outbreak, the Ministry of Corporate Affairs (“MCA”) has allowed companies to hold meetings of their board of directors through video conferencing till June 30, 2020Read More

File Form CAR with Ministry of Corporate Affairs to confirm readiness towards COVID – 19

MCA has introduced a new web-based Form CAR(Company Affirmation of Readiness towards COVID-19) Read More

Ministry of Corporate Affairs relaxes certain deadlines and rules in light of the COVID-19 situation

No penalty/delayed filing fees to be applicable for forms required to be filed from April 1, 2020 to September 30, 2020. Relaxation on minimum period for holding board meetings: As per the current provisions, a company is required to hold a minimum number of four meetings of board of directors every year in such a manner that not more than one hundred and twenty days shall intervene between two consecutive meetings of the Board. This requirement has been relaxed for a period of 60 days till next 2 quarters. Read More

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