Amendment in Companies (Management and Administration) Rules, 2014

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Amendment in Companies (Management and Administration) Rules, 2014

(Management and Administration) Rules

This is to be notified that the union government has mentioned a shorter form of the yearly return for OPC and small firms through the changing the procurement of the firm (Management and Administration) Rules, 2014 that will be initiated from 5/03/2021. The analysis of the pre and after the revision has been stated as: 

As of the date 5/03/2021 each and every firm expecting OPC and the small firm will file its yearly return in Form no-MGT-7 on the other side the OPC along with the small firms will furnish their yearly return from FY 2020-21 in Form no MGT-7A.

Moreover, the need of attaching the extract of the yearly return with the board’s report will be in Form No. MGT.9 has been absent in rule 12 of the related jurisdiction. 

Read Also: Commencement of the provisions of Companies Act, 2017 Annual Return Notification

Moreover, in rule 20 there is the explanation-II has been inserted which said that the terms- agency. 

cut-off date, cybersecurity, electronic voting system, remote e-voting, secured system, voting by electronic reveals the notification which is present on the website http://mca.gov.in/Ministry/pdf/CompaniesMgmtAdminAmndtRules_05032021.pdf

Read more official announcement : Click here

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