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Showing posts with the label company law

DPT 3 Deadline for FY 2022-23

DPT 3 Form is a return of deposits or particulars of a transaction that does not constitute a deposit, or both, that every company must file by June 30th of each year. Ministry Announcement The Ministry made this significant decision public through General Circular no. 06/2023. By issuing this circular, the MCA aims to ensure that companies have adequate time to meet their filing obligations for the Financial Year that ended on March 31, 2023. The previous deadline for filing Form DPT-3 was June 30, 2023. However, the MCA has now moved the date forward by one month, to July 31, 2023. This addition is a direct reaction to the issues provided by the MCA-21 Portal's shift from Version-2 to Version-3.

All about Women Directors, mandatory appointment of a Women Director.

  As per second proviso to sub section 1 of section 149 , following class of companies to have at least one woman director mandatorily. As per Rule 3 of Companies (Appointment and Qualifications of Directors) Rule 2014 - Women Director on Board: Every listed company and Every Unlisted company having- (a) PSC of Rs 100 cr or more; or (b) Turnover of Rs 300 cr or more to have at least one woman director on Board. Intermittent vacancy of Women Director:- It should be filled at the earliest but not later than immediate next board meeting and within 3 months from such vacancy whichever is later. For example- Monu Steels Limited, a public company having only one women director on Board. Office of such woman director become vacant due to her sudden demise on 29.09.2020 . New women director is appointed in Board Meeting held on 10.01.2021 . The above appointment is valid as per the provisions of Rule 3 provided board meeting held on 10.01.2021 is the immediate next board meetin...