India – Corporate & SCRA Snapshot.

Relaxations Introduced by MCA in View of COVID-19

In view of the difficulties faced by stakeholders on account of COVID-19 related restrictions, the Ministry of Corporate Affairs (‘MCA’) has introduced…
 

Amendment to Companies (Meeting of Boards and its Powers) Rules, 2014

The MCA has, by its Notification dated June 15, 2021, omitted Rule 4 of the Companies (Meeting of Boards and its Powers) Rules, 2014, and therefore now removing the restriction on the following matters…
 

Clarifications on Spending of CSR Funds for COVID-19 Related Activities

The MCA had earlier clarified that spending of funds for COVID-19 is an eligible expenditure towards Corporate Social Responsibility (‘CSR’) activity (which was reported in our Client Alert dated March 30, 2020…
 

Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021

The MCA through a Circular dated June 9, 2021, notified the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021 (‘Amendment Rules’)…