Ministry of Home Affairs on 01st June 2022 issued a notification requiring to amending the Companies (Appointment and Qualification of Directors) Rules, 2014. In pursuant to the amendment, it will become mandatory to obtain security clearance for individuals from countries sharing land borders with India before being appointed as directors on the boards of Indian […]
Read More →As another progression towards CSR Reporting and making it as a part of annual disclosure, Ministry of Corporate Affairs (MCA) vide its notification dated 11th February, 2022 has notified Companies (Accounts) Amendment Rules, 2022 which seeks to amend the Companies (Accounts) Rules, 2014. Pursuant to amendment in the Companies (Accounts) Rules, 2014 a new sub-rule […]
Read More →In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 of the Companies Act, 2013 (“CA, 2013”), the Central Government, vide Notification GSR 92(E) dated 01st February, 2021 has amended the Companies (Specification of Definitions Details) Rules, 2014 which shall come into force on the 1st day of April, 2021. The […]
Read More →Section 42 of the Companies Act, 2013 (‘CA 2013’) relating to private placement norms for issue of securities, was substituted by the Companies (Amendment) Act, 2017 w.e.f. 07.08.2018. Simultaneously, Companies (Prospectus and Allotment of Securities) Rules, 2014 was amended by the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2018 w.e.f. 07.08.2018. The amendments […]
Read More →DPT–3 form is the statement return which is required to be filed by every company other than a Government Company and a class of company specify, which has accepted deposits under section 73 of the Companies Act, 2013 (‘Act’) and rules made thereunder. Generally, every amount accepted from public (including members) is treated as public […]
Read More →Further relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 during Financial Year 2021-22 The Ministry of Corporate Affairs (‘MCA’) vide General Circular No. 12/2021 dated 30.06.2021 has further extended the time given under earlier General Circular No. 07/2021 dated 03.05.2021. By General Circular No. 11/20121 […]
Read More →Omission of restriction on conducting Board Meeting through Audio Visual Means for certain matters listed in Rule 4 of the Companies (Meetings of Board and its Powers) Rules, 2014 –– Welcome Step by Ministry of Corporate Affairs Amidst compliance chaos during the pandemic running in the country, Ministry of Corporate Affairs has come up with […]
Read More →Government of India announced demonetization with lot of expectations to curb black money but outcome of that was not satisfactory. Later Government realized that some companies were the reason behind weak result of demonetization. Last year Government decided to list out those companies and to take strict actions against those companies. For this Indian Government […]
Read More →Relaxation in compliances for Shifting of Registered Office within the same State from the jurisdiction of one Registrar of Companies to another The Ministry of Corporate Affairs (MCA), in exercise of the powers conferred by section 469 of the Companies Act, 2013, has substituted Rule no.28 of Companies (Incorporation) Rules, 2014, regarding ‘Shifting of registered […]
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