Category - Company Law

Form 61 expanded in scope

The Central Government vide Notification dated March 26, 2011 has amended Annexure A to the Companies (Central Government™s) General Rules and Forms, 1956 in Form 61, for serial number 6and the entries relating thereto. The following serial number and entries shall be substituted namely :- 6. Application filed for: ¢ Compounding of offences; ¢ Extension… Read More

Revision of Powers delegated to Registrar of Companies (ROC)

MCA has issued a notification in supersession of the 1985 notification regarding delegation of powers to the ROC Section 21 - Change of name of the Company Section 25 - Incorporation of Non Profit Companies Proviso to Sub-section (1) of section 31 - Approval of alteration of articles of association Sub-section (1D) of section 108… Read More

Powers of Central Government delegated to Regional Director revised

Notification G.S.R.259(E) The Ministry of Corporate Affairs has revised the powers delegated to Regional director by superseding the 20 year old notification of 1991.  As per the notification issued on 17th March, 2011, the Regional Director has power to attend to matters as outlined in 12 sections as mentioned below: Section 22 - Rectification of name of the company Sub-sections… Read More

Payments in MCA for Over Rs. 50,000 also to be in electronic mode

The Ministry of Corporate Affairs has vide its Circular No. HQ/9/2002-Computerization dated 9th March, 2011 decided to accept payments of value upto Rs.50,000, for MCA 21 services, only in electronic mode w.e.f 27th March, 2011. For the payments of value above Rs. 50,000, stakeholders would have the option to either make the payment in electronic… Read More

Companies Bill seeks to put limit on number of subsidiaries

The draft Companies Bill seeks discretionary powers for the government to stop a company from setting up multiple subsidiaries if it is found abusing this right. Presently, Companies can  establish any no. of subsidiaries, which could in turn set-up their own subsidiaries, and so on.  The  ministry of corporate affairs (MCA)  is of the view that… Read More

Corporate Governance Voluntary Guidelines

CS Alka Kapoor & CS Banu Dandona Good corporate governance practices are a sine qua non for sustainable business that aims at generating long term value to all its shareholders and other stakeholders. -Mr. Salman Khurshid, Hon™ble Minister of Corporate Affairs Adoption of best governance practices is imperative in today™s global environment. A well governed company has an… Read More

Stamp duty rates for Form 1, Form 5 and Form 44

State wise stamp duty rules for eForm 1, Memorandum of Association (MoA), Articles ofAssociations (AoA), eForm 5 and eForm 44) stamp duty rates schedule Read More

Easy Exit scheme extended till 30th April, 2011

Download Notifications Easy Exit scheme circular     Read More

Companies – Issue of Share Certificate Rules 1960

Companies - Issue of Share Certificate Rules 1960 Read More

ICAI e Journal March, 2011

Download the eJournal from Institute of Chartered Accountants of India for March, 2011 ICAI e Journal - March-2011 Read More

Tag: ICAI

Page 171 of 172« First...10...171172

Recent Articles

Recent Legal updates