Limitation extinguishment bars fresh company applications where earlier filings were rejected as time barred under prior law.
Where an application was earlier rejected as time barred under Section 22(1)(ii)(b) of the Companies Act, 1956 for being filed after the twelve month period, the extinguished limitation is not revived by the lack of a prescribed limitation in Section 16(1)(a) of the Companies Act, 2013; applicants cannot file fresh Section 16(1)(a) applications to bypass the prior time bar decision.

Transfer of shares to IEPF Authority required by rule, via demat corporate action with prescribed formats and procedures.
Companies must transfer shares falling within the seven year dormancy completion window to the IEPF special demat account opened with NSDL by way of corporate action, providing shareholder information to NSDL in prescribed formats. NSDL will publish file formats and operational procedures to facilitate transfers and recordkeeping. NSDL will charge companies a per record transaction fee at transfer and annual custody/maintenance fees on a slab basis, which are additional to depository corporate action fees.

Offline challan regularisation for IEPF enables SRN generation so affected companies can file e form IEPF I online without extra fees.
Affected companies that paid to the Investor Education and Protection Fund using challans not generated on the electronic portal must submit prescribed challan details with professional authentication to the IEPF Authority by the deadline; the Authority will process the data and provide a front end service to generate an automated reference number usable as the SRN to file e form IEPF I online without additional fees within a limited window.

Closure of foreign company place of business: applies only where the company issued a prospectus or IDRs.
The mutatis mutandis application of Chapter XX to closure of a foreign company's place of business in India is confined to foreign companies that have issued a prospectus or Indian Depository Receipts (IDRs) pursuant to the capital raising regime applicable to foreign issuers.

Removal of company names: e Form STK unavailable on portal, deployment pending and stakeholders notified of delay
The removal provisions of the Companies Act have been commenced and relevant rules notified to permit applications to the Registrar for striking off company names. The prescribed electronic filing medium, e Form STK 2, required for such applications is currently under development and not yet available on the MCA-21 portal; deployment is pending and stakeholders are asked to bear the inconvenience.

Transfer of shares to investor protection fund: simplification and transfer-date extension under consideration; rules to be revised.
Clarification records stakeholder requests for simplification of the share-transfer process and extension of the deadline for transfer of shares to the Investor Education and Protection Fund under the 2016 Rules, states these matters are under consideration, and indicates the Rules are likely to be revised and will be notified in due course.

Relaxation of filing fees extends compliance deadline for Jammu and Kashmir companies until end of December.
The Ministry of Corporate Affairs directed waiver of additional fees for companies with registered offices in Jammu and Kashmir for filings of e-Form MGT-7 and e-Forms AOC-4, AOC (CFS) and AOC-4 XBRL, allowing submission without additional fee up to the end of December due to civil disturbances, continuing relief from an earlier circular and issued with competent authority approval.

Online generation of IEPF challans mandatory; file Form IEPF I with SRN or offline challans will be rejected after deadline.
Companies remitting amounts to the Investor Education & Protection Fund must generate challans online only via the MCA21 portal and file Form IEPF I citing the SRN of the online challan; challans not generated on the MCA21 portal will not be accepted after the specified cutoff, and companies and nodal officers must follow the online generation and SRN based filing procedure for transfers to the Fund.

Extension of filing deadline for AOC 4 and MGT 7: permitted without additional fees until the prescribed extended date.
The Ministry directed that financial statements and annual returns filed through e forms AOC 4, AOC 4 (XBRL), AOC 4 (CFS) and MGT 7 may be submitted without payment of additional fee until 29 November 2016, extending earlier relief in response to stakeholder requests.

Steering Committee constitution for National CSR Award established to oversee implementation, selection committee, verification and jury processes.
Constitution of a Steering Committee chaired by the Secretary, MCA, comprising senior MCA officers, Department of Public Enterprises representation, IICA, industry chamber and professional body representatives, with the IICA nodal officer as Member Convener, to oversee establishment and execution of the National CSR Award. Its Terms of Reference include approving the Implementation Strategy and Memorandum of Understanding, constituting the Selection Committee and its terms, approving external agencies for field verification, recommending a Grand Jury panel and terms, and receiving the final awardee list.

Relaxation of additional fees permits late filing of Form IEPF 1 without surcharge if filed within the extended deadline.
Companies unable to file the earlier Form I INV during MCA21 deployment may instead submit the new Form IEPF I, which replaces Form I INV under the IEPF (AATR) Rules, 2016. As a one time measure, companies whose filing due dates fell within the portal unavailability period may file Form IEPF I without additional fees provided they file by the prescribed extended deadline.

Rupee bond issuance to overseas investors regulated under the ECB framework, exempting specified Companies Act provisions.
Issuance of rupee denominated bonds exclusively to persons resident outside India is regulated under the external commercial borrowing framework and sectoral regulations; accordingly, the provisions of Chapter III of the Companies Act, 2013 and rule 18 of the Companies (Share Capital and Debenture) Rules, 2014 do not apply to such issuances unless otherwise provided in RBI circulars, directions or regulations, and necessary changes to the Rules are being made.

Extension of filing deadline for annual financial statements and returns without additional fees to ease form revision compliance.
The Ministry revised AOC-4 and is updating AOC-4 (XBRL) and AOC-4 (CFS); to allow companies time to adapt, financial statements and annual returns ordinarily due within the statutory post AGM periods may be filed by the extended date without payment of additional filing fees, provided the company's due date for holding its Annual General Meeting falls on or after the commencement of the impacted period. The instruction directs registrars and stakeholders to accept such late filings under these terms during the form deployment.

Extension of filing deadlines for corporate e forms and LLP annual returns with waiver of additional fees allowed.
The Ministry authorised a one time administrative concession extending the period during which a waiver of additional fees applies to company e forms due in the specified filing window and moved the final filing date so companies may file electronically without additional fees. Separately, the filing deadline for LLP annual return (Form 11) for the stated financial year was extended to a later final date, allowing LLPs to submit Form 11 without payment of additional fees.

Waiver of additional filing fees extended; e form filing deadline and waiver benefit period prolonged for affected companies.
Extension of the one time waiver of additional fees for e forms under the Companies Act is granted for filings due between 25 March 2016 and 31 May 2016, with the deadline to file and avail the waiver extended to 10 June 2016; the relaxation applies to all e forms with due dates in that window and is issued in response to stakeholder requests under Ministry authority.

Corporate Social Responsibility must not contravene other prevailing laws, including tobacco control, when companies undertake CSR activities.
Companies undertaking Corporate Social Responsibility under Section 135 of the Companies Act, 2013 must ensure CSR activities do not contravene any other prevailing laws; the Ministry explicitly cites the Cigarettes and Other Tobacco Products Act, 2003 as applicable and directs companies to align CSR implementation with existing statutory prohibitions.

Risk weight linkage to bond ratings: rating-differentiated capital charges specified for corporate bond investments for short and long term instruments
The circular mandates that risk weights for corporate bond investments by SPDs be linked to the bond's external credit rating: a graded scale applies to short term instruments ( one year) with lower weights for top short term ratings and higher weights for lower or unrated ratings, and a corresponding graded scale applies to long term instruments (> one year). The revision replaces a uniform risk weight and is effective immediately for capital adequacy calculations.

Accounting standards applicability: amended standards govern preparation of accounts for periods commencing on or after notification.
Amended Accounting Standards under the Companies (Accounting Standards) Amendment Rules, 2016 must be applied in preparation of company accounts for accounting periods that commence on or after the date of notification, thereby fixing the temporal applicability of the amendments and providing regulatory guidance for implementation and compliance.

Waiver of additional fee for delayed e form filings after system launch, subject to filing by the specified extended deadline.
The Ministry acknowledged V2R2 launch disruptions and, as a one time administrative measure, ordered waiver of additional fees for e forms due during the system disruption period, provided such forms are filed by the specified extended deadline; filings after that final date will not receive the relaxation.

Hindu Undivided Family membership in LLP: HUF or its karta cannot serve as partner or designated partner.
The Ministry of Corporate Affairs clarifies that, under the LLP Act, only an individual or a body corporate may be a partner; a HUF is not a body corporate. Therefore, a HUF or its Karta cannot be admitted as a partner or serve as a designated partner in a Limited Liability Partnership.