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ARTICLE · 28 MARCH 2020

COVID 19: Corporate Compliance Relaxations Introduced By MCA

Khaitan & Co.
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With COVID-19 being declared a pandemic, various companies have found themselves facing challenges in complying with the Companies Act compliances due to disruptions in their operations.

IndiaCorporate/Commercial Law
Manisha Shroff
Manisha Shroff
Rolwine Alva
Rolwine Alva
Parag Bhide
Parag Bhide
Enakshi Jha
Enakshi Jha
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With COVID-19 being declared a pandemic, various companies have found themselves facing challenges in complying with the Companies Act compliances due to disruptions in their operations. The rampant spread of the virus in the world and more specifically in India now, has called for relaxations in corporate compliance requirements and introduction of strategic policy decisions to limit the spread of the virus. In light of the same, the Ministry of Corporate Affairs (MCA) vide its circular no. D.O.NO.Secy (MCA)/COVID-19/1/2020 DATED 19 March 2020 has released an advisory on preventive measures to curb the spread of COVID-19 (Advisory).

Key features of the Advisory

  • Relaxation of rules regarding board meetings

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