Tag: MCA

On February 2, 2024, the Ministry of Corporate Affairs ("MCA") issued a notification to establish a Central Processing Centre ("Centre") with territorial jurisdiction throughout India in IMT Manesar, Gurgaon. This notification came in force on February 6, 2024 and was issued pursuant to Section 396 of the Companies Act, 2013 ("Act"), which empowers the Central Government to notify offices for the purposes of registration of companies under the Act. ......

On November 9, 2023, in exercise of the powers conferred by section 79 of the Limited Liability Partnership Act, 2008 (“LLP Act”), the Ministry of Corporate Affairs (“MCA”) released the Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023 (“LLB SBO Rules”). The LLP SBO Rules came into effect on November 10, 2023. ......

On October 27, 2023, the Ministry of Corporate Affairs, in exercise of its powers under sub-sections (1) and (2) of Section 79 of the Limited Liability Partnership Act, 2008 (“LLP Act”), issued a notification to amend the Limited Liability Partnership Rules, 2009 (“LLP Rules”). The amended rules make several significant changes to the extant LLP Rules, primarily related to the register of partners and beneficial interests in the contributions of the Limited Liability Partnership (“LLP”). ......

The High Court of Telangana, in its judgment dated August 24, 2023 in the case of M/s GMR Spintex Private Limited, rep. by its Director v The Regional Director, Ministry of Corporate Affairs , upheld an order passed by the Ministry of Corporate Affairs, where, it directed the change of name of a company on the grounds that it may cause confusion and deception. ......

Inactive corporations without significant operations or assets may commonly be used to disguise business ownership from government authorities and the public at large. This is a tactic which may often be used for purposes that are spurious—including the evasion of taxes and the illegal siphoning off of money. ......

The sweeping and unprecedented pandemic that is the novel coronavirus ("COVID – 19") has impacted businesses and their operations globally. These circumstances are unique and the future is unquantifiable. Governments all over the world are attempting to contain it by implementing lockdowns, India itself having effected a complete lockdown for 21 (twenty one) days. In light of the same, the Government has realised the importance of offering relief to not only employees but also employers. ...

The Ministry of Corporate Affairs (“MCA”) vide its notification dated July 5, 2018 has notified the Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2018 (“Rules”). The Rules shall come into force with effect from July 10, 2018. The Rules require that every person holding Director Identification Number (“DIN”) must get his KYC updated with the MCA within the due dates provided in the Rules....