Corporate Law Newsletter: Competition Commission of India on Amending the Long Form – May 2022

The Competition Commission of India (“CCI”) vide notification dated March 31, 2022 notified the CCI (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2022) (“2022 Regulations”) to revise the existing Schedule II to the Competition Commission...
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Corporate Newsletter: Extension of Udyog Aadhaar Memorandum (UAM) Validity – March 2022

The Ministry of Micro, Small and Medium Enterprises (MSME), vide gazette notification no. S.O.278 (E) dated January 19, 2022 has issued an amendment to the original notification number S.O. 2119 (E), dated June 26, 2020 and extended the validity of the Udyog Aadhaar Memorandum (UAM) and Entrepreneur...
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LegaLogic – Corporate Laws Newsletter: Compliance due dates further relaxed in view of COVID-19 pandemic – January 2022

Keeping in view the difficulties faced by various stakeholders due to the pandemic, the Ministry of Corporate Affairs (MCA) has granted certain relaxations to companies. The MCA has further relaxed the levy of any additional fees to companies in relation to filing of annual financial statements and ...
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LegaLogic – Corporate Laws Newsletter : Extension of timelines for the relaxations provided by the Ministry of Corporate Affairs in view of Covid-19 – December 2021

In view of the difficulties faced by corporate entities due to Covid-19 pandemic, the MCA had vide various circulars issued in the year 2020 and 2021 granted certain relaxations with regard to the manner of conduct of annual general meetings and extra ordinary general meetings including transaction ...
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Corporate Laws Newsletter: NCLT clarifies that the IBC Notification for enhanced minimum threshold of INR 1 Crore will not apply for defaults before the pandemic outbreak-December-2020

A notification amending the minimum threshold of default under the Insolvency and Bankruptcy Code, 2016 (“IBC”) for initiation of insolvency proceedings under IBC to INR 1 Crore was issued in the month of March 2020. The National Company Law Tribunal (NCLT), Kochi Bench while dealing with an app...
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Corporate Laws Newsletter: Extension of relaxation for the minimum residence criteria for Directors – Nov 2020

Every company is required to have at least one director to remain in India for a period of not less than 182 days in a financial year. In an attempt to address the inconvenience caused due to the travel restrictions imposed as a result of Covid-19 outbreak in India, the Ministry of Corporate Affairs...
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