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RULE 25B FOR PHYSICAL VERIFICATION OF REGISTERED OFFICE

Leave a Comment / Company law updates /

The Ministry of Corporate Affairs has notified Rule 25B via the Companies (Incorporation) Third Amendment Rules, 2022 on 18th August, 2022 also effective from the same date. Rule 25B provides for physical verification of registered office of the Company by the Registrar of Companies based on the information or documents available on MCA21. KEY HIGHLIGHTS

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AMENDMENT IN DEFINITION OF SMALL COMPANY

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The Ministry of Corporate Affairs has issued the Companies (Specification of Definition Details) Amendment Rules, 2022 on 15th September, 2022, effective from same date. By way of this amendment, the ministry has increased the threshold limits applicable to companies for being eligible as small company under Section 2(85) of the Companies Act, 2013 read with

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CIRCULAR ON LATE SUBMISSION FEE FOR REPORTING DELAYS UNDER FOREIGN EXCHANGE MANAGEMENT ACT, 1999 (FEMA)

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The Reserve Bank of India has issued a circular on Late Submission Fee (LSF) for reporting delays under Foreign Exchange Management Act, 1999 (FEMA) on 30th September, 2022. The LSF is applicable for submissions made on or after the said date. LSF laid by RBI for reporting delays in Foreign Investment (FI), External Commercial Borrowings

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