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Quick Overview on G20 - 2023 India

  The 2023 G20 summit was held in New Delhi, India, on September 9-10, 2023. The main venue was the Pragati Maidan, a large exhibition complex in central Delhi. The summit was also held at other venues in New Delhi, including the Hyderabad House, the Prime Minister's residence, and the India International Centre. The 2023 G20 summit was attended by the leaders of the 20 member countries of the G20, as well as the leaders of several invited countries, including Argentina, Indonesia, Senegal, South Africa, and Turkey. The summit was also attended by the heads of international organizations, such as the United Nations, the World Bank, and the International Monetary Fund. The G20 Delhi Declaration was the outcome document of the 2023 G20 summit. It was a 38-paragraph document that covered a wide range of issues, including: The global economy and finance: The declaration called for continued efforts to strengthen the global economy and financial system. It also emphasized the importance
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List of LLPs to be struck off

List of LLPs to be struck off On 29.07.2019 Ministry of Corporate Affairs have issued a public notice stating names of 263 LLPs that are proposed to be removed/ struck off from the register of LLPs. These LLPs will be struck off within one month from the date of this public notice unless a cause is shown to the contrary. http://www.mca.gov.in/Ministry/pdf/NoticeLLP_29072019.pdf
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Form BEN 2 Date is extended upto September 30, 2019

Form BEN 2 Date is extended After several representations received regarding extension of the last date for filing of e-Form BEN-2 without additional fees, Ministry of Corporate Affairs has issued a general circular stating that the time limit for filing e-form No.BEN-2 is extended upto 30.09.2019 without payment of additional fee and thereafter fee additional fee shall be payable. http://www.mca.gov.in/Ministry/pdf/GeneralCircular_29072019.pdf
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Director KYC

                                                   MCA Update *Director KYC* - _Director (appointment & qualification) 3rd Amendment Rules, 2019_ *_DIR KYC due date  will be 30th September_* *Late Fee - INR 5,000/-* *1.* _If all details of Director are same as on MCA portalas per last DIR-3KYC_,  then *web-based KYC* verification. *2.* In other cases *e-form DIR-3 KYC based* verification. *3.* As per the format of web based KYC format,  OTP requirements are not there. *Weblink:-*  http://www.mca.gov.in/Ministry/pdf/ThirdAmendRules_25072019.pdf http://www.mca.gov.in/Ministry/pdf/FourthAmedRules_25072019.pdf Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 have been notified w.e.f 25th July 2019. As per the said notification: i)eForm DIR-3 KYC is to be filed by an individual who holds DIN and is filing his KYC details for the first time or by the DIN holder who has already filed his KYC once in eform DIR-3 KYC but wants to update his det
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Clarity on the methodology to be adopted for calculating of the relevant assets and turnover of the target when only a portion or segment or business of one enterprise is being combined with another

As per the 1 Ministry of Corporate Affairs Notification No S.O. 988(E) and S.O. 989(E) issued on March 27, 2017: v “The Central Government, in public interest, hereby exempts the enterprises being parties to– (a) any acquisition referred to in clause (a) of section 5 of the Competition Act; (b) acquiring of control by a person over an enterprise when such person has already direct or indirect control over another enterprise engaged in production, distribution or trading of a similar or identical or substitutable goods or provision of a similar or identical or substitutable service, referred to in clause (b) of section 5 of the Competition Act; and (c) any merger or amalgamation, referred to in clause (c) of section 5 of the Competition Act, where the value of assets being acquired, taken control of, merged or amalgamated is not more than rupees three hundred and fifty crores in India or turnover of not more than rupees one thousand crores in India, from the provis
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