MCA MONTHLY UPDATES (AUGUST 2017)

MCA MONTHLY UPDATES (AUGUST 2017)

1. Revised Secretarial Standards on Meeting of the Board of Directors (SS-1) and General Meeting (SS-2)

The revised SS-1 and SS-2 shall be applicable to all the companies (except the exempted class of companies) w.e.f. 1st October, 2017 and accordingly all Board Meetings (including meetings of Committees of Board) and General Meetings in respect of which notices are issued on or after 1st October, 2017 need to comply with revised SS-1 and SS-2.

Click here to view the Revised Secretarial Standard on Meetings of Board of Directors (SS-1) 

Click here to view the Revised Secretarial Standard on General Meetings (SS-2) 

 

2. Designation of Special Court

The Ministry of Corporate Affairs vide its notification dated 31.08.2017 designates court of Additional District and Session Judge, Patna as Special Court for the purpose of providing speedy trial of offences punishable with imprisonment of two years or more.

Click here to view the full notification dated 31.08.2017

 

3. Commencement of sub-sections (8) to (10) of Section 212 of Companies Act, 2013

The Ministry of Corporate Affairs vide its notification dated 24.08.2017 has brought into force the provision of sub-sections (8) to (10) of section 212 of the Companies Act, 2013 pertaining to Investigation into the affairs of the company by Serious Fraud Investigation Office from 24th August, 2017.

Click here to view the full notification dated 24.08.2017

 

4. Companies (Arrests in Connection with Investigation by Serious Fraud Investigation Office) Rules, 2017

The Ministry of Corporate Affairs vide its notification dated 24th August, 2017 in connection with section 212 of the Companies Act, 2013 has made the Companies (Arrests in connection with Investigation by Serious Fraud Investigation Office) Rules, 2017.

Click here to view the full notification dated 24.08.2017

 

5. National Company Law Appellate Tribunal (Amendment) Rules, 2017

The Ministry of Corporate Affairs vide its notification dated 23rd August, 2017 has amended National Company Law Appellate Tribunal Rules, 2016. The existing Rule 63 regarding Appearance of authorized representative before the NCLAT has been substituted.

Click here to view the full notification dated 23.08.2017

 

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