Category - Company Law

MCA notifies Companies (cost records and audit) second Amendment Rules, 2017

[To be published in the Gazette of India, Extraordinary, Part ll, section 3' Sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 20th December 2017 G.S.R................. (E).- In exercise of the powers conferred by sub-sections-(1) and (2) of section +OS anO section 148 ofthe Companies Act, 2013 (18 of 2013) (hereinafter… Read More

MCA invites Public Comments on Code/Regulations/Rules under Insolvency and Bankruptcy Code, 2016

Government of India Ministry of Corporate Affairs Insolvency Section Dated: 12.12.2017   Public Notice Government has constituted the Insolvency Law  Committee under the Chairmanship of Secretary, Ministry of Corporate Affairs  vide order dated 16.11.2017 to take stock of the functioning and implementation of the code, Identify the Issues that may impact the efficiency of the … Read More

MCA to Introduce Condonation of delay scheme 2018 for disqualified directors

General Circular No. ………… /2017* File No.02/04//2017 Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan Dr. Rajendra Prasad Road, New Delhi-110 001. Dated ……….2017 To All Regional Directors, All Registrar of Companies, All Stakeholders. Sir, Subject: Condonation of Delay Scheme, 2018 Whereas, companies registered under the Companies Act, 2013 (or its predecessor Act) are inter-alia required… Read More

Companies Amendment Billl 2017 passed by Rajya Sabha

Companies Amendment Bill 2017 was passed by Rajya Sabha on 19.12.2017 in  its winter session while the bill was passed by Lok Sabha on 27.07.2017 in its monsoon session. This Bill aims to provide for more than 92 amendments in the Companies Act, 2013 which includes Amendment of Existing Sections, Insertion of New Sections, Substitution of… Read More

Govt. appoints Judicial members in NCLAT

  MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 11th December, 2017 S.O. 3863 (E).—In exercise of the powers conferred by section 410 of the Companies Act, 2013 read with Tribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other Conditions of Service of Members) Rules, 2017, the Central Government hereby appoints Justice (Retd.) Shri… Read More

IBBI notifies Regulations for handling of Grievances and Complaints

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 6th December, 2017 No. IBBI/2017-18/GN/REG/21.—In exercise of the powers conferred under sections 196, 217, read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following Regulations, namely :— CHAPTER I PRELIMINARY… Read More

MCA notifies Companies (cost records and audit) Amendment Rules, 2017

[To be published in the Gazette of India, Extraordinary, part II, Section 3, Sub_ section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, The 7th December, 2017 G.S.R........(E)- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and section 148 of the Companies Act, 2013 (18 of… Read More

Companies (Filing of Documents and Forms in Extensible Business Reporting Language), Second Amendment, Rules, 2017 notified

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 4th December, 2017 G.S.R. 1480(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with section 398 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Filing of Documents and… Read More

Critique on Unpublished Price Sensitive Information- Kotak Committee report on Corporate Governance

A committee has been constituted by SEBI under the Chairmanship of Mr. Uday Kotak (“Kotak Committee”), whereby certain amendments have been proposed to the Indian legislations for listed companies. After careful deliberations, a report has been submitted by the Kotak Committee on Corporate Governance dated October 5, 2017 (“Report”). The purpose of the Report is… Read More

MCA designates Special Court in state of Karnataka for speedy trial of cases

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 4th December, 2017 S.O. 3804(E).—In exercise of the powers conferred by sub-section (1) of Section 435 of the Companies Act, 2013 (18 of 2013), the Central Government, with the concurrence of the Chief Justice of the High Court of Karnataka, hereby designates the following Court mentioned in… Read More

ICSI releases Secretarial Standard-3 on “Dividend”

The Institute of Company Secretaries of India (ICSI)  has introduced Secretarial Standard -3 (SS-3) on Dividend. This standard prescribes the set of principles in relation to the declaration and payment of Dividend and matters related thereto. The principles set out in this standard relates to declaration and payment of Dividend on equity as well as preference share capital in accordance… Read More

Facility of transfer of shares to IEPF Authority demat account held in CDSL system

Circular No.: NSDL/CIR/II/22/2017 Date: November 28, 2017 Sub: Facility of transfer of shares to IEPF Authority demat account held in CDSL system Attention of Issuers/RTAs is invited to NSDL Circular No. NSDL/CIR/II/21/2017 dated November 24, 2017 regarding transfer of shares to IEPF Authority. In this context, Issuers/R&T Agents are hereby informed that the facility of… Read More

MCA revises Master Circular on Cost Accounting Records and Cost Audit

Master Circular No. 2/2011 52/14/CAB-2011 Government  of India Ministry of Corporate Affairs Cost Audit Branch ***** B-1,  Wing, 2nd Floor, Paryavaran Bhawan, CGO Complex, Lodhi Road, New Delhi- 110 003 Dated: the November 11, 2017 To The President Institute of Cost and Works Accountants of India, 12, Sudder Street Kolkato -700 016 Subject: Master Circular… Read More

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