Companies no longer require to attach extract of Annual Return – MCA

Companies no longer require to attach extract of Annual Return – MCA

MCA Notified that a company shall not be required to attach the extract of the annual return with the Board’s report in Form No. MGT.9, in case the web link of such annual return has been disclosed in the Board’s report in accordance with sub-section (3) of section 92 of the Companies Act,2013.

Below is the Extract of MCA Notification.

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 28th August, 2020

G.S.R. 538(E).—In exercise of the powers conferred under sub-section (3) of section 92, read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Management and Administration) Rules, 2014, namely:—

1. Short title and commencement.—(1) These rules may be called the Companies (Management and Administration) Amendment Rules, 2020.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Companies (Management and Administration) Rules, 2014, in rule 12, in sub-rule (1), the following proviso shall be inserted, namely:-

“Provided that a company shall not be required to attach the extract of the annual return with the Board’s report in Form No. MGT.9, in case the web link of such annual return has been disclosed in the Board’s report in accordance with sub-section (3) of section 92 of the Companies Act,2013.”

[F. No. 01/34/2013-CL-V- (Pt-I)]

K.V.R. MURTY, Jt. Secy.

Note:—The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 260(E), dated the 31st March, 2014 and subsequently amended vide the following notifications:-

Companies no longer require to attach extract of Annual Return – MCA

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Tags :  Company Laws

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