{"id":5633,"date":"2019-02-23T14:56:58","date_gmt":"2019-02-23T09:26:58","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=5633"},"modified":"2022-03-13T01:15:49","modified_gmt":"2022-03-12T19:45:49","slug":"corporate-and-professional-updates-on-22nd-february-2019","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-22nd-february-2019\/","title":{"rendered":"Corporate and Professional Updates &#8211; MCA Updates"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e1ae101db6c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e1ae101db6c\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-22nd-february-2019\/#MCA_Update_18022021\" title=\"MCA Update | 18.02.2021\u00a0\">MCA Update | 18.02.2021\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-22nd-february-2019\/#NEW_MCA_UPDATE_RULES\" title=\"NEW MCA UPDATE RULES\u00a0\">NEW MCA UPDATE RULES\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<p style=\"text-align: justify;\"><strong><em><span style=\"text-decoration: underline;\">MCA Updates:<\/span><\/em><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-22093\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/02\/MCA-.12.jpg\" alt=\"MCA  update \" width=\"1599\" height=\"899\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/02\/MCA-.12.jpg 1599w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/02\/MCA-.12-300x169.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/02\/MCA-.12-1024x576.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/02\/MCA-.12-768x432.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/02\/MCA-.12-1536x864.jpg 1536w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/02\/MCA-.12-800x450.jpg 800w\" sizes=\"(max-width: 1599px) 100vw, 1599px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #808000;\"><strong>MCA<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">MCA has initiated the process of the constitution of the NCLT &amp; NCLAT and in this regard notified the\u00a0<strong><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.mca.gov.in\/Ministry\/pdf\/NCLAT_Technical_10082015.pdf\">vacancies for the post of Technical Member<\/a>\u00a0&amp;\u00a0<a style=\"color: #3366ff;\" href=\"https:\/\/www.mca.gov.in\/Ministry\/pdf\/NCLT_Judicial_10082015.pdf\">Judicial Member<\/a><\/span><\/strong>\u00a0in the National Company Law Tribunal to be constituted under the provisions of Section 410 of the Companies Act, 2013. The selected candidates will be required to serve at NCLT \/ NCLAT Benches to be established anywhere in the country and the appointment carries All India Transfer liability. The required qualification for the post shall be as per the provisions of the Sec 411(3) of the Companies Act, 2013 read with the Judgment dated 14-05-2013 of Hon&#8217;ble Supreme Court of India. Further the initial appointment shall be for 5 years with an option to renew it for another period of 5 years till the age of 67 years.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/media.9curry.com\/uploads\/organization\/image\/2168\/ministry-of-corporate-affairs.png\" alt=\"Related image\" \/><\/p>\n<ul style=\"text-align: justify;\">\n<li>Initial <a href=\"https:\/\/carajput.com\/services\/msme-registration.php\">MSME<\/a> 1 within 30 days from date of availability of form on MCA portal.<\/li>\n<li>One time DPT 3 within 90days from date of notifications i.e 20th April 2019.<\/li>\n<li>E form Active (INC 22A) on or before 25th April 2019.<\/li>\n<li>DIN 3KYC: on or before 30th April 2019.<\/li>\n<li>MSME 1 (1st half) on or before 30th April 2019.<\/li>\n<li>Annual DPT 3 on or before 30th June 2019.<\/li>\n<li>Annual Filling AOC 4 on or before 30th October 2019.<\/li>\n<li>MSME 1 (2nd half) on or before 30th October 2019.<\/li>\n<li>Annual Return MGT 7 on or before 29th November 2019.<\/li>\n<li>Late Fees of Rs. 10000 for newly notified e-form ACTIVE &#8211; MCA<\/li>\n<li>MCA has notified vide \u2018Companies Amendment Rules, 2019\u2019 fees for filing of new notified e -form ACTIVE. Fees &#8211; Nil for filing till 25.04.2019 and Rs. 10000\/- for Filing after 25.04.2019.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"MCA_Update_18022021\"><\/span><span style=\"color: #000080;\">MCA Update | 18.02.2021\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Stakeholders are hereby informed that the Central Government, in Ministry of Corporate Affairs, under section 67(1) of LLP Act, 2008 will be extending<\/p>\n<ul>\n<li>Subsections (1) to (11) of section 90-Register of significant beneficial owners in a company<\/li>\n<li>Subsections (1) and (2) of section 164-Disqualifications for Appointment of Director\/DP<\/li>\n<li>Sub-sections (1) and (3) to (6) of section 165-Number of Directorships<\/li>\n<li>Sub-section (1) to (3) of section 167- Vacation of Office of Director<\/li>\n<li>Sub-section (5) of section 206-Power to Call for Information, Inspect Books and Conduct Inquiries<\/li>\n<li>sub-section (3) of section 207- Conduct of Inspection and Inquiry<\/li>\n<li>Sub-sections (1) to (3) of section 252- Appeal to Tribunal<\/li>\n<li>and Sub-sections (1) to (4) of Section 439- Offences to be Non-cognizable of the Companies Act, 2013 to limited liability Partnerships with modification and adaptation soon.<\/li>\n<\/ul>\n<p>Accordingly, limited liability Partnerships, Partners, and Designated partners thereof are advised to take note of the same for appropriate action.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"NEW_MCA_UPDATE_RULES\"><\/span><span style=\"color: #000080;\"><strong>NEW MCA UPDATE RULES\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><a href=\"https:\/\/www.mca.gov.in\/Ministry\/pdf\/SecondAmndtRules_02022021.pdf\">Companies (Incorporation) 2nd Amendment Rules 2021:- 120 days substituted<\/a><\/li>\n<li><a href=\"https:\/\/www.mca.gov.in\/Ministry\/pdf\/SpecificationAmndtRules_02022021.pdf\">Companies (Specification of Definition details) Amendment Rules 2021:- Small Companies Definition Revised<\/a><\/li>\n<li><a href=\"https:\/\/www.mca.gov.in\/Ministry\/pdf\/SpecificationAmndtRules_02022021.pdf\">Companies (compromises, arrangements and amalgamations) Amendment Rules 2021:- Start-up Companies merger or amalgamation<\/a><\/li>\n<\/ul>\n<p><strong><em><span style=\"text-decoration: underline;\">RBI Updates<\/span><\/em><\/strong><strong><em><span style=\"text-decoration: underline;\">:<\/span><\/em><\/strong><\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" src=\"https:\/\/img.etimg.com\/thumb\/height-480,width-640,imgsize-111076,msid-65222244\/india-d-day-guide-core-inflation-may-sway-rbi-to-hike.jpg\" alt=\"Image result for rbi d Pics\" \/><\/p>\n<ul style=\"text-align: justify;\">\n<li>The <a href=\"https:\/\/carajput.com\/rbi-consulting.php\">Reserve Bank of India<\/a> on Friday allowed bank exposures to all non-banking financial companies, excluding core investment companies, to be risk weighted according\u00a0to the ratings assigned by the rating agencies.\u00a0RBI had said it would consider this when it released its statement on developmental and regulatory policies on\u00a07 February and is expected to facilitate the flow of credit to well-rated NBFCs.<\/li>\n<li>Exposures on rated as well as unrated non-deposit taking systemically important NBFCs other than asset finance companies (AFCs), NBFCs\u2013infrastructure finance\u00a0companies (NBFCs-IFC), and NBFCs\u2013infrastructure development funds (NBFCs-IDF), are uniformly risk weighted at 100%.<\/li>\n<li>Exposures to AFCs, NBFCs \u2013 IFC, NBFCs\u2013IDF and other NBFCs that are not NBFCND-SI are risk-weighted according to ratings assigned by the rating agencies accredited by RBI.\u00a0Risk-weighted assets are used to determine the minimum amount of capital that must be held by banks and other institutions to reduce the risk of insolvency and the capital requirement is based\u00a0on a risk assessment for each type of bank asset.<\/li>\n<li>It has been decided that exposures to all NBFCs, excluding core investment companies will be risk weighted as per the ratings assigned by the rating agencies registered with Sebi and\u00a0accredited by the Reserve Bank of India, in a manner similar to that of corporates.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><em><span style=\"text-decoration: underline;\">Other Updates:<\/span><\/em><\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Merger of Vijaya Bank and Dena Bank with BoB to be effective from April 1. Bank of Baroda said the merger of Dena Bank and Vijaya Bank with itself would be effective from April 1 as per the scheme of amalgamation approved by the govt.<\/li>\n<li>The Reserve Bank of India (RBI) on Friday allowed bank exposures to all non-banking financial companies (NBFCs), excluding core investment companies (CICs), to be risk weighted according\u00a0to the ratings assigned by the rating agencies.\u00a0RBI had said it would consider this when it released its statement on developmental and regulatory policies on\u00a07 February and is expected to facilitate the flow of credit to well-rated NBFCs.\u00a0Exposures on rated as well as unrated non-deposit taking systemically important NBFCs (NB F C-N D-S I), other than asset finance companies (AFCs), NBFCs\u2013infrastructure finance\u00a0companies (NBFCs-IFC), and NBFCs\u2013infrastructure development funds (NBFCs-IDF), are uniformly risk weighted at 100%.<\/li>\n<li>Exposures to AFCs, NBFCs \u2013 IFC, NBFCs\u2013IDF and other NBFCs that are not NBFCND-SI are risk-weighted according to ratings assigned by the rating agencies accredited by RBI.\u00a0Risk-weighted assets are used to determine the minimum amount of capital that must be held by banks and other institutions to reduce the risk of insolvency and the capital requirement is based\u00a0on a risk assessment for each type of bank asset.\u00a0\u201cIt has been decided that exposures to all NBFCs, excluding core investment companies will be risk weighted as per the ratings assigned by the rating agencies registered with Sebi and\u00a0accredited by the Reserve Bank of India, in a manner similar to that of corporate.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><em><span style=\"text-decoration: underline;\">Key Due dates:<\/span><\/em><\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Due Date of GSTR 3B has been Extended upto 22nd February 2019.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>MCA Updates: MCA MCA has initiated the process of the constitution of the NCLT &amp; NCLAT and in this regard notified the\u00a0vacancies for the post of Technical Member\u00a0&amp;\u00a0Judicial Member\u00a0in the National Company Law Tribunal to be constituted under the provisions of Section 410 of the Companies Act, 2013. The selected candidates will be required to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6978,6979,753,6966,541],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5633"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=5633"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5633\/revisions"}],"predecessor-version":[{"id":22094,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5633\/revisions\/22094"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=5633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=5633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=5633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}