As we close the second quarter of financial year 2021-22, let’s have a look at the developments that took place in the last three months. The Ministry of Corporate Affairs (MCA) vide a notification dated July 22, 2021, has appointed September 1, 2021, as the date to bring into effect the amendment to Section 4 of the Companies Act, 2013. The said Amendment is a part of the Companies (Amendment) Act, 2020 and provides that if a company fails to…