MCA Recent Relaxations under Companies Act 2013 due to COVID-19 By CS Shaffy Mehta


Due to pandemic situations various departments are providing relaxation for ease of doing. Some of the relaxations are as follows:

1. MCA allows board meeting to be held via video conference on restricted matters for further 3 months:

MCA vide notification dated 23rd June, 2020 has further relaxed the requirement of holding Board meetings with physical presence of directors means Directors can conduct the Board Meeting through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) till 30th September, 2020 in respect of the following matters:

  • approval of the annual financial statements;
  • approval of the Board’s report;
  • approval of the prospectus;
  • approval of the matter relating to amalgamation, merger, demerger, acquisition and takeover.

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2. Last date to enter details in Independent Director’s data bank further extended

MCA vide notification dated 23rd June, 2020 has further extended the last date to enter details in Independent Director’s data bank by existing independent directors up to 30th September, 2020. Previously it was 30th June, 2020.

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3. MCA allows extension for reserved names and filing of e-verification report in IEPF

Due to Covid-19 outbreak, looking at present scenario and lockdown being imposed MCA has further extended the date for reserved names for Companies and LLP along with filing of e-verification report in IEPF

Names reserved for 20 days for new company incorporation

Names reserved for 90 days for new LLP incorporation/change of name.

Names expiring any day between 15th March 2020 to 30th June would be extended by 20 days beyond 30th June 2020.

Names reserved for 60 days for change of name of company.

Names expiring any day between 15th March 2020 to 30th June would be extended by 60 days beyond 30th June 2020.

Extension of RSUB validity for companies/LLPs

SRNs where last date of Resubmission (RSUB) falls between 15th March 2020 to 30th June 2020, additional 15 days beyond 30th June 2020 would be allowed. However, for SRNs already marked under NTBR, extension would be provided on case to case basis.

Note: Forms will not get marked to (Not to be taken on Record)’NTBR’ due to nonresubmission during this extended period as detailed above.

It also includes IEPF Non-STP eForms ( IEPF3, IEPF-5 and IEPF-7)in case of Companies

Extension for marking IEPF-5 SRNs to ‘Pending for Rejection u/r 7(3)’ and ‘Pending for Rejection u/r 7(7)’

SRNs where last date of filing eVerification Report (for both Normal as well as Resubmission filing) falls between 15th March 2020 to 30th June 2020, would be allowed to file the form till 30th Sep 2020.


However, for SRNs already marked under ‘Pending for Rejection u/r 7(3)’ and ‘Pending for Rejection u/r 7(7)’, extension would be provided on case to case basis.

Note: Status of IEPF-5 SRN will not change to ‘Pending for Rejection u/r 7(3)’ and ‘Pending for rejection u/r 7(7)’ till 30th Sep’20.


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