A look at major amendments and provisions in Company Law in 2018-19 and planning for 2019-20.

1. Critical Updates & Way Forward for 2019-2020
IYSHWARYA. R
Senior Associate, SAS Partners Corporate Advisors
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2. OBJECTIVE OF LAW
MAKERS
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4. Transparency
&
Accountability
● Class Action Suits
● Significant Beneficial
Owner
● Key Managerial
Personnel
● Resident Director
Corporate
Governance
● Secretarial Audit
● Rotation of Auditors
Economic
Aspects
● Corporate Social
Responsibility
● Insolvency &
Bankruptcy Code
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5. CRITICAL UPDATES- F.Y. 18-19
A WALK THROUGH
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6. EMF-RBIJUNE
SBOJUNE
Companies Amendment
Ordinance
NOV
Director’s KYCJULY
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Updatesfrom–
April’18toMar’19

7. DPT-3JAN
MSE Filing
ECB Regulations
ACTIVE
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JAN
JAN
JAN
Updatesfrom–
April’18toMar’19

8. THE BIG IMPACT
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9. 0
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2
3
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5
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7
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2013 2015 2017 2019
Annual Disclosure Requirements
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10. Better Compliance
Less Fraud
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11. MCA
CBDT - IT DGFT - EXIM
CBEC - GST
SEBI
RBI
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12. WAY FORWARD
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13. HEADS
UP
BEFORE
MARCH‘19
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14. Trade Advances
Approaching closure of 1 Year
 Ensure the refund of the said
amount received or render
the service agreed before the
expiry of the 1 year period.
 On failure of above, consider
the amount as Loan/Deposit.
Make necessary filings
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15. Loan from
Directors / their
Relatives
If taken
 Ensure that a declaration is
received that the money lent
to the Company is not from
borrowed funds.
 If the money is from
borrowed funds, categorize
as deposits and comply.
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16. Consolidation of
Financials
If Investments have been made
above 20% in a Company in a Year
 Check on the requirement of
consolidation of accounts
with the another Company.
 Initiate application for
extension of Annual General
Meeting if any delay
expected in Audit.
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17. Related Party
Transactions
If transactions with Related Parties
 Ensure that related parties
are identified and requisite
approvals are taken.
 Wherever approvals are not
taken, ensure that the
transactions are ratified and
recorded.
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18. Corporate
Social
Responsibility
If applicable
 Ensure that the CSR
allocated amount is spent
before the end of the
relevant financial year.
 If the CSR amount is not
spent, the reasons for non
spending has to be justified
by the Board in their report.
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19. Loans to
Directors
&
Related Parties
If provided loans to Directors &
Related Parties
 Have a tap on the credit limit
to ensure it is within the
allowed margins.
 Ensure that necessary
approvals are received from
the requisite authority.
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20. Q1
APRIL MAY JUNE
Q2
JULY AUG SEPT
Q3
OCT NOV DEC
Q4
JAN FEB MAR
KYC
DPT-3
MSME 1
SBO
ACTIVE
ADT 1
Financial
Statements
Annual
Return
COMPLIANCE CALENDAR 2019-2020
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21. www.saspartners.com
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