Category - Company Law

Central government delegates power under S.66(2) of Companies Act ,2013

[To be published section (ii)l in the Gazette of India, Extra-ordinary, Part-II, Section 3- Sub setion (ii)] Ministry of Corporate Affairs  Notification New Delhi, dated the 4th September,2017 S.O. - (E).-In exercise of the powers conferred by section 458 of the Companies Act,2013(18 of 2013),the Central Government hereby delegates to the Regional Directors at Mumbai,… Read More

MCA exempts certain unlisted Public Companies from the appointment of Independent Directors

General Circular No.09/2017 No.1,/22/2013-CL-V Government of India Ministry of Corporate Affairs   5th Floor, 'A' Wing, Shastri Bhawan, Dr. R. P. Road, New Delhi Dated: 5th September, 2017   To All Regional Directors, All Registrar of Companies, All Stakeholders   Subject: Exemptions given to certain unlisted Public Companies under the Companies (Appointment And Qualification of… Read More

Department of Financial Services advises all Banks to put restrictions on bank accounts of “Struck Off ” Companies

Department of Financial Services advises all Banks to take immediate steps to put restrictions on bank accounts of over two lakh 'struck off' companies  Government has stepped up decisive action against companies falling within the ambit of Section 248 of the Companies Act. The names of 2,09,032 companies have been struck off from the Register… Read More

Stricter Norms for Corporate Governance: Disqualification of Directors in case of siphoning money from “Struck off” Company

Stricter Norms for Corporate Governance: Punishment for Siphoning off Money from Bank Accounts of “Struck Off” Companies; Disqualification of Directors from Being Appointed or Reappointed in Companies  MoS (CA) Shri P P Chaudhary: Exercise of Weeding Out Shell Companies Would not Only Help in Checking the Menace of Black Money But Would Also Promote Ease of… Read More

MCA designates special court in Bihar for trial of offences with 2 or more years imprisonment

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 31st August, 2017 S.O. 2872(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 Judicature at Patna, hereby designates the following Court… Read More

M&A of banking companies exempted from Section 5 and 6 of Competition Act

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th August, 2017 S.O. 2828(E).—In exercise of the powers conferred by clause (a) of Section 54 of the Competition Act, 2002 (12 of 2003), the Central Government in the public interest hereby exempts, all cases of reconstitution, transfer of the whole or any part thereof and amalgamation… Read More

ICSI releases revised Secretarial Standards 1 and 2

Revised Secretarial Standards  on  Meetings of the Board of Directors (SS-1) and General Meetings (SS-2)  (Revised by the Institute of Company Secretaries of India (ICSI) and approved by the Central Government) Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) were approved by the Central Government under Section 118(10) of the… Read More

MCA notifies companies (Arrests in connection with Investigation by serious Fraud Investigation Office) Rules

[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, 24th August,2017 G.s.R.......(E).-In exercise of the powers conferred under sub-section (1) of section 469 read with section 212 of the companies Act, 2013 (18 of 2013), the central Government hereby… Read More

MCA notifies certain provisions of section 212 of the Companies Act, 2013

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th August, 2017 S.O. 2751(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints the 24th day of August, 2017 as the date on which the provisions of sub-sections (8), (9) and… Read More

MCA amends National Company Law Appellate Tribunal Rules

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 23rd August, 2017 G.S.R. 1061(E).—In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the National Company Law Appellate Tribunal Rules, 2016, namely:… Read More

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