HM inaugurates 'Gujarat Gaurav Sarovar' in Amreli, Gujarat (See 'Corp Brief') IPR - In action for passing off involving composite trademarks, anti-dissection rule is paramount: HC (See 'Legal Desk') Chouhan joins Khelo India Samvaad at Mata Sundari College in Delhi (See 'Corp Brief') Trade Mark - Mocha vs Mocha Kaffee - Injunction granted on use of deceptively similar and phonetically similar trade mark - prima facie case is made out that latter mark intents to ride on strong goodwill & reputation of the former: HC (See 'Legal Desk') SIDBI organizes conclave of Heads of RRBs for MSME Co-Lending arrangement (See 'Corp Brief') Prasada strengthens India-Morocco Economic Partnership (See 'Corp Brief') India, Seychelles hold Bilateral Meeting to strengthen Strategic Cooperation in Fisheries (See 'Corp Brief') IBC - Violation of the principles of natural justice cannot be alleged when a financial institution denies an extension of time under circumstances marked by deliberate dilatory tactics: HC (See 'Legal Desk') CAQM conducts Special Surprise Inspection drive in Loni, Ghaziabad (See 'Corp Brief') High-Level Meeting between Indian Coast Guard and Vietnam Coast Guard held in Chennai (See 'Corp Brief') Limitation - Sufficient cause u/s 5 cannot be construed so liberally as to condone gross negligence, prolonged inaction or lack of bona fide - discretion to condone delay be exercised judicially rather than on sympathetic considerations: HC (See 'Legal Desk') PMFME Conclave 2026 Concludes with Recognition of Top-Performing States & Banks (See 'Corp Brief') CCI okays acquisition of stake in Kestrel Coal Group by Yancoal Australia (See 'Corp Brief') CCI approves acquisition of 100% share capital of Tao Digital Solutions by Cyient Ltd (See 'Corp Brief') IPR - Without solid proof of 'deceptive similarity' or established market 'goodwill,' brand owner cannot restrain competitor from using common descriptive words or distinct symbols: HC (See 'Legal Desk') CSR must move beyond expenditure to outcomes & value addition for communities: IICA (See 'Corp Brief') Scindia commends C-DOT Scientists, Researchers and Young Officers (See 'Corp Brief') IPR - Applicant may correct or amend trademark application so long as change does not amount to substantial alteration of mark originally applied for: HC (See 'Legal Desk') Railways launches Special Drive for Disinfection of Drinking Water Tanks (See 'Corp Brief') Regional Manthan Conference on Road Safety held (See 'Corp Brief') Minister highlights successful Blended Green-Finance Framework for Land Restoration (See 'Corp Brief') IPR - Mere addition of descriptive suffix or insertion of corporate descriptors in trade name, does not sufficiently distinguish, particularly when competing goods target same class of consumers: HC (See 'Legal Desk') India Post accelerates Digital and Infrastructure Transformation with Upgraded Dak MITRA (See 'Corp Brief') NA-Allocated Talabira II & III Coal Mines mark Record Production in FY 2025-26 (See 'Corp Brief') MeitY Startup Hub, MSH Emerging as Key National Enabler for India's Startup (See 'Corp Brief') SEBI - Bail denied where alleged offences involve large-scale cheating of investors and mobilisation of public funds, causing harm to individuals as well as to public confidence & economy: HC (See 'Legal Desk') India-Cambodia Bilateral Trade grows over 36% to USD 406.78 Million (See 'Corp Brief') India restored 21.76 mn ha land during 2011-2020: Yadav (See 'Corp Brief') IBC - Extraordinary remedies such as forensic audit u/s 241-242 of Companies Act cannot be granted on mere allegations or shareholder distrust: NCLT (See 'Legal Desk') NCSK distributes Appreciation Certificates among Outstanding Safai Karamcharis (See 'Corp Brief') Stakeholders explore actionable measures to promote inclusivity across financial institutions (See 'Corp Brief') SEBI - Writ court's intervention not needed in respect of a preliminary SCN proposing to conduct an inquiry & giving opportunity to petitioner to present objections: HC (See 'Legal Desk') EPFO urges establishments to utilize Employees' Enrolment Campaign, 2026 (See 'Corp Brief') SEBI - Regulator cannot substitute its own commercial judgment for business decision of a company in relation to funding its wholly owned subsidiary: SAT (See 'Legal Desk') MoS delivers inaugural address at BRICS Science Ministerial Meet at Chennai (See 'Corp Brief') SEBI - Noticee cannot be held liable for carrying out unregistered investment advisory activities or for promising assured returns where evidence does not exist to show that Noticee conducted core advisory activities: SEBI (See 'Legal Desk') Tete-a-tete around AI in banking sector often begins with algorithms (See CORP EINSICHT)

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Relaxations provided to Companies to combat COVID-19

Published: Sep 15, 2020

By TIOLCORPLAWS News Service

NEW DELHI, SEPT 15, 2020: The Ministry of Corporate Affairs has taken steps to provide several incentives/ relaxation/concession during Lockdown period so as to reduce the burden of companies/LLPs during COVID-19. This was stated by Mr Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in response to a written question in the Lok Sabha today.

Enumerating the steps, Mr Thakur stated the following:

  • Introducing Companies Fresh Start Scheme 2020 (CFSS) vide General Circular 12/2020 dated 30.03.2020 to enable companies to file documents without additional fees, grating immunity from prosecutions proceeding, etc.
  • Introducing LLP Settlement Scheme, 2020 providing similar benefits as CFSS 2020 for the benefits of LLPs.
  • Introducing Special Provisions for enabling conduct of Board and General Meetings through Video conferences by Corporates vide General Circular No 14/2020.
  • Introducing Special provisions for filings under section 124 &125 r/w IEPFA (Accounting, Audit, Transfer and Refund) Rules 2016.
  • Introducing Special Relaxation in holding of General Meeting by Companies whose Financial Year ended on 31st December 2019 vide General Circular dated 21-04-2020 and holding it through Video conferences vide General Circular No. 20/2020 and 28/2020.
  • Allowing corporates for spending CSR funds for various activities which includes Healthcare, sanitation and disaster management.

A general extension of 3 months to hold Annual General Meeting for the Financial year 2019-2020 beyond 30.09.2020 has been granted to all about 12 lakhs companies by issue of order by each ROC on 08.09.2020 without any requirement to file any application of the form and without payment of fee.

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