Extension of CFSS, LLP Settlement and various other schemes by Ministry of Corporate Affairs

By Team Lawgical Startup

The Ministry of Corporate Affairs introduced several schemes namely Companies Fresh Start Scheme, 2020 (CFSS), LLP settlement Scheme 2020, Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 and Clarification on holding of annual general meeting (AGM) through video conferencing (VC) or other audio…

Highlights of amendments under The Companies (Amendment) Bill, 2020

By Team Lawgical Startup

The Lok Sabha on 19th September, 2020 passed a bill to further amend around 48 sections of the Companies Act, 2013 by decriminalizing various non-compoundable offences in case of defaults, but not involving frauds, omitting imprisonment for various offences which were considered procedural and technical in nature. The bill comes at a time when companies are reeling under stress…

COVID-19 related Frequently Asked Questions (FAQs) on Corporate Social Responsibility (CSR)

By Team Lawgical Startup

The Ministry of Corporate Affairs (MCA) vide General Circular no. 15/2020 dated 10th April 2020, has issued FAQs on Corporate Social Responsibility in related to COVID-19. In this sensitive stage of pandemic in India, the government has provided clarification regarding the contribution made to various funds or schemes will be categorized under CSR contribution or…