Special Measures under Companies Act, 2013 (CA-2013) and Limited Liability Partnership Act, 2008 in view of COVID-19 outbreak

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..... Dated: 24 th March, 2020 To All Regional Directors, All Registrar of Companies, All Stakeholders Subject: Special Measures under Companies Act, 2013 (CA-2013) and Limited Liability Partnership Act, 2008 in view of COVID-19 outbreak Sir, In order to support and enable Companies and Limited Liability Partnerships (LLPs) in India to focus on taking necessary measures to addre .....

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..... ings of the Board of the companies within the intervals provided in section 173 of the Companies Act, 2013 (CA13) (120 days) stands extended by a period of 60 days till next two quarters i.e., till 30th September. Accordingly, as a one-time relaxation the gap between two consecutive meetings of the Board may extend to 180 days till the next two quarters, instead of 120 days as required in the .....

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..... e-mail or any other mode of communication, if they deem it to be necessary. V. Requirement under section 73(2)(c) of CA-13 to create the deposit repayment reserve of 20% of deposits maturing during the financial year 2020-21 before 30th April 2020 shall be allowed to be complied with till 30th June 2020. VI. Requirement under rule 18 of the Companies (Share Capital Debentures) Ru .....

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