Corporate Updates 25 July 2014


1. MCA has come out with a much awaited circular on the validity of the resolutions passed during financial year 2ol3-14 under the relevant provisions of the Companies Act, 1956 (Old Act) which are/were at different stages of implementation after coming into force of corresponding provisions of the new Companies Act, 2013 (New Act). It is clarified that resolutions approved or passed by companies under relevant applicable provisions of the Old Act during the period from 1st September, 2O13 to 31st March, 2014, can be implemented, in accordance with provisions of the Old Act, notwithstanding the repeal of the relevant provision subject to the conditions (a) that the implementation of the resolution actually commenced before 1″t April, 2014 and (b) that this transitional arrangement will be available upto expiry of one year from the passing of the resolution or six months from the commencement of the corresponding provision in New Act whichever is later.

2. Versions of the forms CHG-1, CHG-4, FC-2, FC-4, Form 20B, Form 2LLP, Form 67, INC-22, INC-23, INC-24, MR-2, MSC-1, SH-8, INC-28 are likely to change w.e.f today i.e 25th July 2014. Only new version of these eForms will be acceptable, stakeholders are requested to plan accordingly and ensure that you have downloaded the latest version for filing and uploading the latest version only. Form-wise date of last version change is available at on the website of MCA, to view & download, the list of all such Forms, ClickHere.

Speak Your Mind