Please find the following updates under MCA as on 6th March 2021.
These rules may be called the Companies (Management and Administration) Amendment Rules, 2021
They shall come in to force on the date of their publication in the Official Gazatte
| Rule No | Companies (Management and Administration) Rules, 2014 | Companies (Management and Administration) Amendment Rules, 2021 | Comments |
| Rule 11 sub rule (1) | Every company shall prepare its annual return in Form No. MGT.7. | Every company shall file its annual return in Form No.MGT-7 except One Person Company (OPC) and Small Company. One Person Company and Small Company shall file annual return from the financial year 2020-2021 onwards in Form No.MGT-7A | One person company and small company shall file annual returns in Form-MGT7A for the financial year 2020-2021. |
| Rule 12 | A copy of the annual return shall be filed with the Registrar with such fees as may be specified for this purpose | Annual return to be filed with Registrar | |
| Rule 20 sub-rule (2) | For the purpose of this sub-rule, “Nidhi” means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from and lending to, its members only, for their mutual benefit, and which complies with such rules as are prescribed by the Central Government for regulation of such class of companies | Explanation-I For the purpose of this sub-rule, “Nidhi” means a company which has been incorporated as a Nidhi with the object cultivating the habit of thrift and savings amongst its members, receiving deposits from and lending to its members only for their mutual benefit and which complies with such rules as are made by the Central Government for regulation of such class of companies |
The form No MGT-7 the following forms No MGT-7 and MGT-7A shall be substituted
Please find the below link for your reference
http://www.mca.gov.in/Ministry/pdf/CompaniesMgmtAdminAmndtRules_05032021.pdf
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