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Law Update

Relaxation in Levy of additional Fees in filing of certain Formsunder the COmpanies Act, 2013 and LLP Act, 2008

On 18 May 2021

Brief about recent updates: MCA  General Circular No. 06/2021 dated 03/05/2021 (Click to Open) A. Relaxation on levy of additional fees in the filing of certain forms Due to COVID MCA has relaxed late filing fees from till 31st July  B.Gap Between board meeting under section 173, of companies act (CA-13) Clarification-reg. C.Gap Between two board meetings under section 173, of companies act  for the first two-quarters of the FY 2021-22 the Gap between two board meeting has been increased by 60 days, means two meetings can be scheduled on the gap of 180 days. D.  Clarification on the spending of CSR funds for ‘creating health infrastructure for COVID care’, ‘establishment of medical oxygen generation and storage plants’ etc.- reg.   In continuation to this Ministry's General Circular No. 10/2020 dated 23.03.2020, wherein it was clarified that spending of CSR funds for COVID-19 is an eligible CSR activity, it is further clarified that spending of CSR funds for ‘creating health infrastructure for COVID care’, ‘establishment of medical oxygen generation and storage plants’, ‘manufacturing and supply of Oxygen concentrators, ventilators, cylinders and other medical equipment for countering COVID-19’ or similar such activities are eligible CSR activities under item nos. (i) and (xii) of Schedule VII of the Companies Act, 2013 relating to the promotion of health care, including preventive health care, and, disaster management respectively.   

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