Important Regulatory Updates amidst Corona Virus Pandemic!
Updated: Jun 24, 2021
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 the lockdown of certain states and districts, the 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 harm’s way while balancing their health and safety interests? These are some pertinent questions that 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, 2020. Read 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 the minimum period for holding board meetings: As per the current provisions, a company is required to hold a minimum number of four meetings of the 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 the next 2 quarters. Read More