CA Update – Relaxations under the Companies Act 2013 due to COVID-19

PUBLISHED ON: 4-5-2021

Due to the ongoing pandemic of COVID-19 in India, MCA has provided the following relaxations vide 3 circulars, all dated May 3, 2021: 

 

• The gap between 2 consecutive board meetings has been extended to a period of 180 days for the board meetings to be held during the quarter from April to June, and July to September of 2021. The requirement under Section 173 of the Companies Act, 2013 prescribes a gap of 120 days between two consecutive board meetings (available here). 

 

• Companies or LLPs are permitted to file forms (other than Forms CHG-1, CHG-4, and CHG-9) that would be due for filing with the ROC during April 1 to May 31, 2021, without any additional fees for delay, upto July 1, 2021 (available here).

 

• If a charge has been created or modified prior to April 1, 2021, and the timeline for filing the Form CHG-1 or CHG-9 has not expired, or if the charge has been created between April 1 to May 31, 2021, then the period beginning from April 1 to May 31, 2021, shall not be reckoned for the purposes of counting the number of days within which the form is required to be filed under applicable laws (available here).