Section 21 of the Companies (Amendment) Act, 2019 sought to amend the Section 135 of the Companies Act, 2013 which relates to CSR. To read more in details, find the enclosed attachment, Over 81% account holders women Stand Up India Scheme, GSTN Taxpayers select business activity only once post login based highest turnover, ICAI relaxation requirement undergo 8 months Study Period CA Inter students opted Jan 21 Exams, MCA Commencement notification 5th March 2021, MCA Companies Incorporation Third Amendment Rules 2021, MCA Companies Management Administration Amendment Rules 2021, India's largest network for finance professionals, MCA releases The Companies (Amendment) ACT, 2019. “In exercise of the powers conferred by sub-section (3) of section 1 of the Companies (Amendment) Act, 2019 (22 of 2019), the Central Government hereby appoints the 22nd day of January, 2021 as the date on which the provisions of section 21 of the said Act shall come into force,” the MCA said. The Liberty Protection Safeguards (LPS) were introduced in the Mental Capacity (Amendment) Act 2019.LPS will provide protection for people aged 16 … The petitioners, Kolkata Municipal Corporation (KMC) have urged, The term ‘Fraudulent Company’ is not defined in the Companies Act, 2013. While introducing the Bill in the Lok Sabha, the Hon’ble Finance and Corporate Affairs Minister, Nirmala Sitharaman said, “the Bill seeks to Section 21 of the Companies (Amendment) Act, 2019 sought to amend the Section 135 of the Companies Act, 2013 which relates to CSR. Earlier, companies could cite their reasons for not complying with the said provisions of Section 135 in their board meetings and other than an adverse reputational Impact, there were no penal consequences. Medicinal cannabis legislation and regulations of St. Vincent and the Grenadines, including the Medicinal Cannabis Industry Act of 2018. The Mental Capacity (Amendment) Bill was approved by Parliament on 24th April 2019, and became the Mental Capacity (Amendment) Act when it received the Royal Assent on 16th May 2019. Updated on January 19, 2021. [31st July, 2019]. 1. 50,000 but which may extend to Rs. On Aug 16,2019. The Board notified the Income-tax (3rd Amendment) Rules, 2021 which seeks to further amend  Income-tax Rules, 1962. The MCA vide Second Amendment Rules, 2019 seeks to revise the threshold limits pertaining to any contract or arrangement with a related party for transaction value beyond which the company would require approval of shareholders by way of a resolution [as provided under the first proviso to sub-section (1) of section 188 of the Companies Act, 2013]. 22 OF2019 [31st July, 2019] An Act further to amend the Companies Act, 2013. extends the Time Limit for GST and VAT Compliance [Read Notifications], GST: CBIC issues Clarification on Refund related issues [Read Circular], Subscribe Taxscan AdFree to view the Judgment, The Karnataka High Court ordered the conditional release of Rs.53.46 lakh cash seized from a private company and an individual during raids conducted by the Central Bureau of Investigation (CBI) in connection with a corruption case registered against Congress leader D.K. BE it enacted by Parliament in the Seventieth Year of the Republic of India as follows: 1. BEit enacted by Parliament in the Seventieth Year of the Republic of India as follows:—. The notification amended Form 12BA which is a detailed statement showing particulars of perquisites, other fringe benefits or amenities and […], The Bombay High Court directed the Authority to withdraw the Provisional Attachment of Bank Account of taxable person’s family members. THE COMPANIES (AMENDMENT) ACT,2019 Dated 01 August 2019 (1.09 MB) Appointment of Deputy General Manager (DGM) and Assistant General Manager (AGM) on deputation Dated 01 August 2019 (281 KB) Form CHG-1, CHG-8 and CHG-9 are likely to be revised on MCA21 Company Forms Download page w.e.f 1st August, 2019. 12BA under Income Tax Rules, 1962 [Read Notification], Taxable person’s Bank Account can only be Attached and not his Family Members: Bombay High Court directs Provisional Release [Read Order], Haryana Govt. MCA notifies 22nd day of January, 2021 as the date on which the provisions of section 21 of Companies (Amendment) Act, 2019 shall come into force. Support our journalism by subscribing to Taxscan AdFree. The Haryana Governor empowered under  section 18A of the Haryana Value Added Tax Act, 2003 extended the time limit provided under the Haryana Value Added Tax Act, 2003 in respect of actions which have not […]. The petitioner, Dharmesh Gandhi has sought the quashing of communication issued by the Assistant Commissioner (Anti-Evasion), CGST and Central Excise, Belapur Commissionerate i.e., respondent to the Branch Manager, Kotak Mahindra Bank Ltd.for provisional attachment of […], The Haryana Government has extended the time limit for Goods and Service Tax (GST) and Value Added Tax (VAT) compliance. Companies (Incorporation) Third Amendment Rules, 2021. 2) Act, 2019 with effect from January 1 st, 2020.It has notified amendments to Sections 10, 22, 25, 31A, 44, 49, 52, 53A, 168 and 17a of the CGST Act, 2017. THE CONSTITUTION OF THE STATE OF MONTANA; TITLE 1. 25,00,000 and every such officer of the company found to be in default shall be punishable with imprisonment for a term which may extend to 3 years or with fine which shall not be less than Rs. MINISTRY OF LAW AND JUSTICE On 8 May 2019, the Ministry of Corporate Affairs (MCA) has notified requisite percentage of the members/depositors who may apply for a class action suit. NO. Section 21 of Companies (Amendment) Act, 2019 which relates to the amendment in Section … Notification No. 35-14-1009.. Effect of amendment. Opens in new window. 1 The purpose of the Mental Capacity (Amendment) Bill [HL] is to reform the process in the Mental Capacity Act 2005 ( MCA ) for authorising arrangements enabling the care or treatment of people who lack capacity to consent to the arrangements, which give rise to a deprivation of their liberty. Accordingly, the second ordinance stands repealed. Section 21 deals with Amendment of section 135 of Companies Act, 2013 related to Corporate Social Responsibility. (3) The provisions of sections 6, 7 and 8, clauses (i), (iii) and clause (iv) of section 14, sections 20 and 21, section 31, sections 33, 34 and 35, sections 37 and 38 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint and different dates may be appointed for these provisions and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision. 1. The following Act of Parliament received the assent of the President on the 31st July, 2019, and is hereby published for general information: -. 1-784-456-8113 mca@mca.vc Home 5,00,000, or with both. In exercise of the powers conferred by sub-section (3) of section 1 of the Companies (Amendment) Act, 2019 (22 of 2019), the Central Government hereby appoints the 22nd day of January, 2021 as the date on which the provisions of section 21 of the said Act shall come into force. MCA notifies effective dates for certain sections of Companies Amendment Act 2020 and 2019. (2) The provisions of this Act, except sections 6, 7 and 8, clauses (i), (iii) and clause (iv) of section 14, sections 20 and 21, section 31, sections 33, 34 and 35, sections 37 and 38 shall be deemed to have come into force on the 2nd day of November, 2018. (1) An amendment to the articles of incorporation does not affect a cause of action existing against or in favor of the corporation, a proceeding to which the corporation is a party, or the existing rights of persons other than the shareholders. The CBI had conducted searches on the premises belonging to the company and […], The Central Board of Direct Taxes (CBDT) notified the  amendment in FORM NO. MCA this past week notified several Sections of the recently enacted Companies (amendment) Act 2019 while leaving out the controversial provision on CSR. Companies (Amendment) Act, 2019 and its provisions has been notified in the official gazette dated July 31, 2019 and 14th August 2019 as below-. The long-awaited amendments to the corporate social responsibility (CSR) provisions brought in by the Companies (Amendment) Act 2020 (CAA 2020) have been made effective by the Ministry of Corporate Affairs (MCA) vide notification dated 22 January 2021. Along with this, MCA notified the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021. Published 31 January 2019 Brexit The Ministry of Corporate Affairs (MCA) notified 22 January, 2021 to enforce Section 21 of Companies (Amendment) Act, 2019  related to Corporate Social Responsibility (CSR). 50,000 but which may extend to Rs. On December 01, 2020, The Ministry of Corporate Affairs (MCA) vide General Circular No. MCA releases The Companies (Amendment) ACT, 2019. THE COMPANIES (AMENDMENT) ACT, 2019 Study Circle Meeting of Patiala Chapter of NIRC of ICSI On Sunday, 15th September 2019 By CACS JASPAL SINGH DHANJAL ... 132 NFRA 15th Aug 2019 135 CSR MCA to Notify 137 ndCopy of Financial Statements to be filed with Registrar 2 Nov 2018 To access the text of the MCA notification, please click here. In July 2018, the government published a Mental Capacity (Amendment) Bill, which passed into law in May 2019. 1 April, 2019, to amend the ‘Annexure B on Indian Accounting Standards (Ind AS)’ to the Companies (Ind AS) Rules, 2015 (the principal rules), by way of inserting/ substituting various paragraphs, annexures, etc. (Legislative Department) The 2019 Amendment Act introduced penal provisions for non compliance with the provisions of Section 135 of the Act relating to the reporting utilization and transfer of the unspent CSR funding amount Companies found to be non-compliant would be … MCA has notified the Companies Indian Accounting Standards (Ind AS) First and Second Amendment Rules, 2019, applicable w.e.f. This issue of First Notes provides an overview of the amendments notified by MCA that are applicable from 1 April 2019. Please note that Section 21 of the Act regarding amendment relates to Section 135 of Companies Act, 2013 (Corporate Social Responsibility) is yet to be notified by the MCA. The 2019 Amendment Act introduced penal provisions for non compliance with the provisions of Section 135 of the Act relating to the reporting utilization and transfer of the unspent CSR funding amount Companies found to be non-compliant would be punishable with fine which shall not be less than Rs. 2. 38/2020 has given the Relaxation of an additional fees and the extension of the last date of filing of CRA-4 (form for filing of the cost audit report) for the F.Y 2019-2020 under the Companies Act, 2013 till 31 st … However, the Ministry of Corporate Affairs (MCA) through the Registrar of Companies (ROC) CRC at Manesar registers new companies by following due process, Section 21 of Companies (Amendment) Act, 2019 related to CSR came into effect from Jan 22: MCA [Read Notification], Karnataka High Court orders Conditional Release of Rs.53.46 lakh cash Seized from associates of D.K Shivkumar [Read Order], CBDT notifies Amendment in FORM NO. NO. Amendment Rules, 2019 February 11, 2019 In brief The Ministry of Corporate Affairs (MCA) on 13 June, 2018 had notified the amendment to section 90 of the Companies Act, 2013 (the Act) through the Companies (Amendment) Act, 2017, and issued the Companies (Significant Beneficial Owners) Rules, 2018 (Rules) outlining the requirements for 16 May 2019. The MCA has notified 22nd day of January, 2021 as the date from which specified provisions of the Companies (Amendment) Act, 2020 (29 of 2020), shall come into force, namely: MCA vide notification dated 14 th August, 2019 notifies provisions of sections 6, 7 and 8, clauses (i), (iii) and clause (iv) of section 14, section 20, section 31, sections 33, 34 and 35 and sections 37 and 38 of the Companies (Amendment) Act, 2019 with effect from 15 th August, 2019. Stay updated with latest CAclubindia News. This an Act to consolidate and amend the law relating to companies. Expert opinion. GENERAL LAWS AND DEFINITIONS (1) This Act may be called the Companies (Amendment) Act, 2019. The Companies Act, 2013 passed by the Parliament has received the assent of the President of India on 29th August, 2013. We welcome your comments at info@taxscan.in, NCLT Bengaluru admits ISRO’s Antrix division’s plea To Wind Up Devas Multimedia; Appoints Provisional Liquidator, MCA notifies Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 [Read Notification], The Calcutta High Court held that the writ jurisdiction can be invoked in the Insolvency and Bankruptcy Code (IBC) matters, despite the availability of an alternative remedy.