Friday, November 8, 2024
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Annual Compliance of a Private Limited Company in 2020

A Private Limited Company is an entity appreciating a different personality that requires keeping up its active status through the regular filing with MCA.

What is e-form DIR-3-KYC?

An individual willing to become a director of one or more than one organization can file an application in e-form DIR-3-KYC to obtain the DIN.

MCA extends Independent Directors Registration

The Ministry of Corporate Affairs (MCA) has announced an extension of the deadline for the registration of independent directors on its databank online.

Director Identification Number (DIN)

The director of the company designated by shareholders is required to obtain a Director Identification Number (DIN) as per the Companies Act, 2013.

Shareholders can vote via remote e-voting

Holding meetings using Video Conferencing or OAVM has been sanctioned by the government and that shareholders can vote through remote e-voting systems.

Companies Fresh Start Scheme, 2020: MCA

The Ministry of Corporate Affairs has launched the Companies Fresh Start Scheme, 2020 (CFSS) to ease the burden on corporates during the COVID-19 crisis.

MCA directs Deactivated DINs to regularise

DIN holders marked as ‘Deactivated’ and companies whose compliance status has been marked as ACTIVE non-compliant are encouraged to become compliant again.

Board Meetings Attendance Rules eased

The Ministry of Corporate Affairs (MCA) decided to relax the requirements on holding board meetings till June 30, 2020 due to COVID-19.

Audit reports for private firms a must

The government has made it obligatory for unlisted companies, or private firms, with outstanding loans of Rs 100 crore or more to file their financial audit reports for financial year 2020-21 onwards.

MCA notifies Companies (Winding Up) Rules, 2020

The Ministry of Corporate Affairs (MCA) announced a new set of rules on January 24, 2020 in order to simplify the process of liquidating a business. These rules will come become enforced on April 1, 2020.

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