Category - Company Law

MCA invites suggestions on draft on Cross-Border Insolvency

Government of India Ministry of Corporate Affairs Insolvency Section File no.30/27/2018 Dated:20.06.2018 Public Notice Government has taken  in initiative to introduce a chapter on Cross-Border Insovency  within the Insolvency & Bankruptcy Code,  2016 (The Code) to provide  a comprehensive legal framework, Considering the fact  that corporates transct businesses in more than one jurisdiction  and also … Read More

MCA notifies certain sections of Companies Amendment Act 2017 w.e.f 13 June 2018

Government of India Ministry of Corporate Affairs Notification New Delhi, the 13th June, 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 13th June, 2018 as the date on which the following provisions… Read More

MCA notifies Companies (Significant Beneficial Owners) Rules,2018

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION NEW DELHI, 13th June,2018 G.S.R. (E) _. In exercise of the powers conferred by Section 90 read with sub-section (l) of section 469 of the Companies Act,2013 (18 of 2013), the Central Government hereby makes the following rules, namely :- Short title and commencement.- These rules may… Read More

Companies (Registered Valuers and Valuation) Second Amendment Rules, 2018

Government of India Ministry of Corporate Affairs Notification New Delhi, the 13  June,2018 G.S.R.......(E).- In exercise of the powers conferred by section 247 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following Rules further to amend the Companies (Registered Valuers and Valuation) Rules, 2017, namely:-… Read More

MCA notifies Limited Liability Partnership (Amendment) Rules, 2018

Government of India Ministry of Corporate Affairs Notification New Delhi, Dated, 12th June, 2018 G.S.R. _ (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 79 of the Limited Liability Parhrership Act, 2008 (6 ot 2009), the Central Government hereby makes the following rules further to amend the Limited Liability… Read More

Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2018

  GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 12th June, 2018 G.S.R-(E).- In exercise of the powers conferred by section 149 and 168 of read with section 469 of the Companies Act, 2013 ( 18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Appointment and… Read More

IBBI issues circular on fees and expenses incurred for Insolvency Resolution Process

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/IP/013/2018 12th June, 2018 To All Registered Insolvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on website of the IBBI) Dear Madam / Sir, Sub: Fee and other… Read More

MCA issues clarification on Section 135(5) of Companies Act, 2013

General Circular No. 06/2018 F. No. 08/05/2018-CSR Governement of India Ministry of Corporate Affairs   5th Floor, 'A' Wing , Shastri Bhawan, Dr. R.P. Road , New Delhi-110001 Dated: 28.05.2018 Subject: Clarification  with regard to provisions under section  135(5) of the Companies Act, 2013 Sir, I am directed to  say that concerns have been raised … Read More

MCA issues corrigendum to Companies (Audit and Auditors) Second Amendment Rules, 2018

MINISTRY OF CORPORATE AFFAIRS CORRIGENDUM New Delhi, the 17th May, 2018 G.S.R. 461(E).— In the notification of the Government of India in the Ministry of Corporate Affairs number G.S.R. 432(E), dated the 7th May, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 7th May, 2018, at page… Read More

MCA amends Companies (Prospectus and Allotment of Securities)Rules, 2014

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, The 07 May, 2018 GSR. (E):- - In exercise of the powers conferred by section 26 read, with section 469 of the Companies Act, 2013 (18 of 2013), the Central Govemment hereby makes the folowing rures further to amend the Companies (Prospectus and Allotment of securities) Rules, 2014, namely:… Read More

Section 227 and 229 of IBC to be enforceable w.e.f 1st May 2018

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st May, 2018 S.O. 1817(E).—In exercise of the powers conferred by sub-section (3) of Section 1 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby appoints the 1st day of May, 2018 as the date on which the provisions of Section 227… Read More

Ind-AS XBRL deadline extended to 31st May, 2018

As per General Circular No.04/2018 dated 27th April, 2018 (which can be downloaded from the link below), the last date for filing financial statements in XBRL mode in Ind-AS has been extended to 31st May, 2018. Circular042704_27042018 Read More

MCA extends date for Condonation of Delay Scheme, 2018 till 1st May 2018

General Circular No. 03/2018 F.No.02/04/2017-CL-V GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, 'A' Wing Shastri Bhawan, Dr. R.P. Road, New Delhi Dated: 27.04.2018 To, All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Condonation of Delay Scheme, 2018.  Sir, In continuation to the Ministry's General Circular No. 16/2017 dated 29/12/2017 and General… Read More

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