{"id":247930,"date":"2021-05-07T18:50:30","date_gmt":"2021-05-07T13:20:30","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=247930"},"modified":"2021-05-07T18:53:32","modified_gmt":"2021-05-07T13:23:32","slug":"covid-19-mca-offers-relaxation-in-the-number-of-board-meetings-and-filing-of-forms","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/07\/covid-19-mca-offers-relaxation-in-the-number-of-board-meetings-and-filing-of-forms\/","title":{"rendered":"COVID-19 | MCA offers relaxation in the number of board meetings and filing of forms"},"content":{"rendered":"<p style=\"text-align: justify;\">On May 3, 2021, the Ministry of Corporate Affairs issued a notification whereby the rules in respect of number of board meetings and filing of forms have been relaxed considering the second wave of Covid-19 pandemic.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/www.mca.gov.in\/Ministry\/pdf\/GeneralCircularNo8_03052021.pdf\"><em>Relaxation regarding the number of meeting for the Board of Directors<\/em><\/a><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">The Ministry of Corporate Affairs has extended the time between four board meetings required to be held in a year by 60 days from 120 days to up to 180 days. Section 173 of the Companies Act, 2013 states the provisions regarding a number of board meetings, wherein every company was required to hold at least four meetings for its Board of Directors every year and the gap between two meetings could not exceed 120 days. MCA has increased the permissible gap between two meetings consecutively from 120 days to 180 days for the 1st quarter (April 2021-June, 2021) and the 2nd quarter (July 2021- September 2021).<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/www.mca.gov.in\/Ministry\/pdf\/GeneralCircularNo6_03052021.pdf\"><em>Relaxation regarding levy of additional fees in the filing of certain forms under Company Law<\/em><\/a><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">The Ministry of Corporate Affairs has also waived the fees for delay, if any, in filing of forms that are due during the period of April 2021- May 2021, up to July 2021. The Ministry has granted extra time without additional fee till the end of July for filing statutory forms. In cases where due date had expired before April 1, extra time has been granted till end of May.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #008000;\">*Tanvi Singh, Editorial Assistant has put this story together.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 3, 2021, the Ministry of Corporate Affairs issued a notification whereby the rules in respect of number of board meetings <\/p>\n","protected":false},"author":121,"featured_media":244192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-247930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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of Coronavirus Outbreak","author":"Bhumika Indulia","date":"March 19, 2020","format":false,"excerpt":"Board meetings under the Companies Act, 2013 Considering the need to take precautionary steps to overcome the outbreak of the coronavirus (Covid-19), the Government has in-principle decided to relax the requirement of holding Board meetings with physical presence of directors under section 173 (2) r\/w rule 4 of the Companies\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1 1x, 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it, the following measures have been implemented by the Ministry of Corporate Affairs to reduce their compliance burden and\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=1050%2C600&ssl=1 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ED.&quot;","block_context":{"text":"OP. ED.","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/MCAANNUAL-General-meeting.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/MCAANNUAL-General-meeting.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/MCAANNUAL-General-meeting.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/MCAANNUAL-General-meeting.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/MCAANNUAL-General-meeting.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":254901,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/09\/29\/mca-relaxes-the-last-date-of-filing-of-cost-audit-report-to-the-board-of-directors\/","url_meta":{"origin":247930,"position":3},"title":"MCA relaxes the last date of filing of cost audit report to the board of directors","author":"Prachi Bhardwaj","date":"September 29, 2021","format":false,"excerpt":"The Ministry of Corporate Affairs has extended the last date of filing of the Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014 on September 27, 2021. \u00a0 The circular states that if a cost-audit report for the financial\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-161.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-161.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-161.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-161.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-161.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":256633,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/11\/02\/mca-extends-deadline-for-filing-cost-audit-report-to-the-board-of-directors\/","url_meta":{"origin":247930,"position":4},"title":"MCA extends deadline for filing cost audit report to the board of directors","author":"Prachi Bhardwaj","date":"November 2, 2021","format":false,"excerpt":"The Ministry of Corporate Affairs has extended the last date of filing of the Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014 to 31st November 2021 vide notification dated October 29, 2021. 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