Tag: Companies Act

Technical Defaults under Companies Act to Be Decriminalized: Minister of Corporate Affairs

Violations involving minor and procedural defaults such as shortcomings in CSR reporting, inadequacies in board reports, filing defaults, delay in holding AGM etc will be decriminalized, said Nirmala Sitharaman, Finance Minister, while announcing the last tranche of economic stimulus package on Sunday. Furthermore the following things were stated by the Minister:- Seven compoundable offences will

‘Summer vacation at all the National Company Law Tribunal Benches cancelled’.

Summer vacation at all the Benches of National Company Law Tribunal has been cancelled for 2020. An order to this effect was passed by the President, National Company Law Tribunal today. Since the lockdown, all NCLT benches have restricted their functioning to unavoidable urgent matters and suspended all other judicial work. Recently, to expedite virtual