MCA Mandates Half Yearly Filing for MSME Buyers | 22nd Jan 2019

Ministry of Corporate Affairs notification on 22nd January 2019
S.O. 368(E) – In the notification it is said every company that gets supplies of goods or services from Micro and Small Enterprises and whose payments to MSME suppliers has exceeded 45 days from the Date of Acceptance/Date of Deemed Acceptance of the goods or services of the suppliers as in the provisions of section 9 of the Micro, Small and Medium Enterprises Development Act, 2006. Hereby company will be referred to as ‘Specified Company’ shall submit a half yearly return to the Ministry of Corporate Affairs.

Update from IBBI – 28th – 29th Jan 2019

Update on Public Announcements and Invitation of Resolution Plans from Insolvency and Bankruptcy Board of India mentioned below for your reference.

Update from IBBI – 28th Jan 2019

What’s New

28-01-2019 – Order- In the matter of Mr.Sandip Kumar Kejriwal, Insolvency Professional
23-01-2019 – IBBI Newsletter October-December, 2018

NCLT Amendment Rules, 2019 Dated 15 Jan 2019

Ministry of Corporate Affairs had notified amendment to NCLT Rules 2016 on 15 Jan 2018 and shall be effective from the same date
The Amendment is named as National Company Law Tribunal (Amendment) Rules 2019
In NCLT Rules 2016, Under Rule 71, Sub-Rule 3 Clause (b) and Sub-Rule 4 are amended. The word Central Government is replaced with Regional Director