ARTICLE · 18 NOVEMBER 2021

COVID 19 | Regulatory Update

Krishnamurthy & Co

With the rapid spread of Covid-19 pandemic, the Ministry of Corporate Affairs ("MCA") has granted corporates certain relaxations. Set out below is a snapshot of some of the relaxations announced.

IndiaCoronavirus (COVID-19)

Dhairal B. Shah

Aakshay Amesur

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A. Introduction:

With the rapid spread of Covid-19 pandemic, the Ministry of Corporate Affairs ("MCA") has granted corporates certain relaxations. Set out below is a snapshot of some of the relaxations announced.

B. COVID 19: Relaxations:

- Gap between board meetings

Section 173 of the Companies Act, 2013 ("CA 2013") mandates companies to conduct board meetings at regular intervals such that not more than 120 days shall intervene between two consecutive board meetings. As a one-time relaxation, MCA has extended the gap to 180 days for the quarters April to June 2021 and July to September 2021.

The circular issued by MCA is accessible here.

- Additional fee on delayed flings

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COVID 19 | Regulatory Update

A. Introduction:

B. COVID 19: Relaxations:

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