Category - Company Law

Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 notified

THE INSOLVENCY AND BANKRUPTCY CODE (SECOND AMENDMENT) ACT, 2018 NO. 26 OF 2018 [17th August, 2018.] An Act further to amend the Insolvency and Bankruptcy Code, 2016. BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India as follows:— 1. (1) This Act may be called the Insolvency and Bankruptcy Code… Read More

MCA extends time for National Voluntary Guidelines till 31st August 2018

The Ministry of Corporate Affairs (MCA) issued the National Voluntary Guidelines on Social, Environmental & Economic Responsibilities of Business (NVGs) in July 2011 with a view to provide a clear, broad-based framework for carrying out responsible business and be accountable to all its stakeholders. The NVGs were developed based on India’s socio-cultural context and priorities… Read More

Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2018 notified

Government of India Ministry of Corporate Affairs Notification New Delhi, 07th August,2018 G S'R.- (E). - In exercise of the powers conferred by section 42, read with sub_ sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the… Read More

MCA notifies Section 10 of Companies (Amendment) Act, 2017

  Government of India Ministry of Corporate Affairs Notification New Delhi, the 7th August ,2018 S.O.______(E).- In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2017 (1 of 2018), the Central Government hereby appoints the 7th day of August, 2018 as the date on which the provisions of… Read More

MCA invites comments on Draft Companies (Cost Records and Audit) Amendment Rules, 2018

Government of India Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (COST RECORDS AND AUDIT) AMENDMENT RULES, 2018 Dated: 6th August, 2018 Pursuant to introduction of GST, the Companies (Cost Records and Audit) Rules, 2014 are to be amended to incorporate resultant changes. Accordingly, the Draft Companies (Cost Records and Audit) Amendment Rules,… Read More

MCA notifies Companies (Accounts) Amendment Rules, 2018

Ministry of Corporate Affairs  Notification New Delhi, the 31 July, 2018 G.S.R. (E)- In excercise of the  powers conferred by section134 read with section 469 of  the companies Act, 2013(18 of 2013), Companies Act, 2013(18 of 2013), the  central government hereby makes the following rules further to amend the Companies (Accounts) Rules, 2014, namely:- 1. (1) These… Read More

Govt. constitutes National Company Law Tribunal, Kochi Bench at Kochi

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27th July, 2018 S.O. 3683(E).—In exercise of the powers conferred by sub-section (1) of section 419 of the Companies Act, 2013 (18 of 2013), the Central Government hereby constitutes the National Company Law Tribunal, Kochi Bench at Kochi and for the said purpose hereby makes the following… Read More

MCA notifies Companies (Incorporation) Third Amendment Rules, 2018

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27th July, 2018 G.S.R. 708(E).—In exercise of the powers conferred by section 3, sub-section (1) of section 7 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies… Read More

MCA commences section 5 aand 6 of Companies (Amendment) Act, 2017

Government of India Ministry of Corporate Affairs Notification New Delhi, the 27th July, 2018 S.O. -(E).- In exercise of the powers conferred by subsection (2) of section 1 of the Companies (Amendment) Act, 2017 (1 of 2018), the Central Government hereby appoints the day of 27th July, 2018 as the date on which the following… Read More

MCA revises the version of the eForm DIR – 6

MCA has revised the version of the eForm DIR - 6 (Intimation of change in particulars of Director to be given to the Central Government), which is now available at Company Forms Download page w.e.f 26th July, 2018. Further, updating of Email ID and Mobile number in DIR-6 has been temporarily disabled till further notice,… Read More

NCLT Chennai approves Amalgamation of Indian LLP with a Company

The Chennai Bench of the National Company Law Tribunal (NCLT) recently approved a scheme of amalgamation between an Indian Limited Liability Partnership (LLP) and an Indian private limited company. The Companies Act, 2013 and the LLP Act, 2008 do not contain any express provisions which provide for such cross-entity amalgamation. However, the NCLT held that… Read More

Split of position of Chairperson and Managing Directors in listed companies

Government of India Ministry of Corporate Affairs  The Securities and Exchange Board of India (SEBI), based on the recommendations of Kotak Committee on Corporate Governance, has amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 splitting the positions of the Chairperson and Managing Director, to start with, for top 500 listed companies on the… Read More

IBC ( Second Amendment) Bill, 2018 introduced in Lok Sabha

 HIGHLIGHTS OF THE ORDINANCE The Insolvency and Bankruptcy Code, 2016 provides a time-bound process to resolve insolvency among companies and individuals. Insolvency is a situation where an individual or company is unable to repay their outstanding debt. In November 2017, the Insolvency Law Committee was set up to review the Code, identify issues in its… Read More

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