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Updates For the Day: March 19, 2021

MCA direction for payment of remuneration for directors of companies with inadequate profit

If, in any financial year, a company has no profits or its profits are inadequate,...
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MCA revises limit of yearly remuneration of a managerial person and other directors

MCA has provided limit of yearly remuneration for all directors. Previously this was only applicable...
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The Motor Vehicles (Registration and Functions of Vehicle Scrapping Facility) Rules, 2021.

The RVSF may be owned and operated by any legal entity, be it a person,...
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FSSAI to accept food and water testing reports from government recognized laboratories for hygiene rating.

The food and water testing reports from government recognized laboratories can be considered for the...
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IBBI directs the IRP/RPs to report the status of ongoing corporate insolvency resolution processes through Form CIRP 7.

The activities for which reporting has been made mandatory include failure to make public announcement...
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MCA to establishes Central Scrutiny Centre (CSC) for carrying out scrutiny of Straight Through Processes (STP) e-forms filed by the companies.

The CSC shall function under the administrative control of the e-governance Cell of the Ministry...
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