10 Key Amendments, Circulars / Notifications from MCA in 2019

1
10 Key Amendments, Circulars / Notifications from
MCA in 2019
2
MCA (Ministry of Corporate Affairs) is concerned
with administration of the Companies Act.It
offers a wide range of allied Acts, Bills and
Rules. In this blog we have listed the MCAs 10
important Key Amendments, Circulars/
Notifications of 2019 which you might have missed
to follow or missed due to lack of information.
02nd December 2019
Online data bank for Independent directors
becomes effective on, and all IDs shall register
with the data bank by, 29 February 2020.  IDs
shall also pass proficiency test to become
eligible for appointment.
18th November 2019
MCA makes amendments in threshold limits for
entering into any transaction by any Company with
its Related Party under section 188.
3
11th October, 2019
Approved CSR activities expanded to include
Contribution to universities, incubators, IITs,
National Labs and autonomous bodies such as ICAR,
ICMR, CSIR, DAE, DRDO, DST.
05th October 2019
DIR 3 KYC made into a year on year compliance and
directors holding DIN as on 31st March of every
year shall submit e-form DIR-3KYC by 30th
September.
22nd August 2019
IEPF 2nd Amendment Rules, 2019 was introduced
which amended IEPF 2 due date to 60 days from AGM
date and introduced other new requirements.
4
10th May 2019
Removal of Company name through Strike-off
process amended by increasing fee for STK -2 and
by Making annual returns mandatory pre-requisite
for filing for strike off.
17th April 2019
MCA has allowed registration of LLPs engaged in
manufacturing and allied activities.
21st February 2019
MCA introduces Active Company Tagging Identities
and Verification (ACTIVE) to be filed by
companies incorporated before 31st December, 2017.
8th February 2019
MCA notified Companies (Significant Beneficial
Owners) Amendment Rules, 2019 which amended the
definition of SBO and clarified requirements for
filing Form BEN-2 and BEN-1.
5
22nd January 2019
MCA amends form DPT-3 to include reporting of
transactions not considered as deposits and
introduced a onetime return along with the annual
return.
In India legal advisor for company must for your
business.