Format for Annual Secretarial Audit Report and Annual Secretarial Compliance Report for listed entities and their material subsidiaries

SEBI vide it’s Circular dated February 08, 2019 has specified the Format for Revised Annual Secretarial Audit Report for listed entities and material unlisted subsidiaries and Format for Annual Secretarial Compliance Report applicable to listed entities. These formats shall be effective from the financial year ended March 31, 2019. Further, it has amended the SEBI… Read More

MSME Compliances – Recent Notifications

Dear Professional Colleague: Currently there are an estimated 42.50 million, registered & unregistered Small and Medium Enterprises in India a staggering 95% of the total industrial units in the country. The SME sector employs about 106 million, 40% of India’s workforce, next only to the agricultural sector and contributes over 30% to the GDP of… Read More

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Notification under Section 465 of Companies Act, 2013

As per the notification dated 30th January, 2019, Central Government has appointed 30th January, 2019 as the date on which the provisions of Section 465 of the Companies Act, 2013 relating to the repeal of Companies Act, 1956 shall come into force. However, exception has been provided related to the repeal of Registration of Companies… Read More

eForm INC.20A (Declaration for commencement of business) available on MCA21 w.e.f 26th January 2019.

MCA has made available eForm INC.20A for Declaration for commencement of business, will be available on MCA21 Company Forms Download page w.e.f 26th January 2019. The Form shall be filed by all the Companies incorporated on or after 2nd November, 2018, within 180 days from the date of its incorporation. Read More

Companies (Prospectus and Allotment of Securities) Amendment Rules, 2019

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 22nd January, 2019 G.S.R. 43(E).—In exercise of the powers conferred by section 26, sub-section (1) of section 27, section 28, section 29, sub-section (2) of section 31, sub-sections (3) and (4) of section 39, sub-section (6) of section 40 and section 42 read with section 469 of… Read More

Companies (Acceptance of Deposits), Amendment Rules, 2019

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 22 January,2019, G.s.R. _ (E). - In exercise of the powers conferred by clause (31) of section 2 and section 73 read with sub-sections (1) and (2) of section… Read More

Companies (furnishing of Information about Payment to micro and small enterprise suppliers) Order, 2019

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 22nd January, 2019 S.O. 368(E).—Whereas, the Central Government vide notification number S.O. 5622(E), dated the 2nd November, 2018 has directed that all companies, who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five… Read More

NCLT Amendment Rules, 2019 Dated 15.01.2019

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 15th January, 2019 G.S.R.29(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 Tribunal Rules, 2016, namely:- 1. (1)… Read More

RBI announces the New External Commercial Borrowings (ECB) Framework

RBI announces the New External Commercial Borrowings (ECB) Framework January 16, 2019 As part of the on-going efforts at rationalising multiple regulations framed under FEMA 1999 over a period of time, the regulations governing all types of borrowing and lending transactions between a person resident in India and a person resident outside India, both in… Read More

Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2018 – Dated December 31, 2018

THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, December 31, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 31st of December, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA                                  … Read More

The Companies (Amendment) Ordinance, 2019

MINISTRY OF LAW AND JUSTICE (Legislative Department)  New Delhi, the 12th January, 2019/Pausha 22, 1940 (Saka) THE COMPANIES (AMENDMENT) ORDINANCE, 2019  NO. 3 OF 2019 Promulgated by the President in the Sixty-ninth Year of the Republic of India. An Ordinance further to amend the Companies Act, 2013. WHEREAS  the Companies (Amendment) Ordinance, 2018 was promulgated by… Read More

Delegation of powers vested under first proviso to section 2(41) and second proviso to section 14 (1) to Regional Directors

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th December, 2018 S.O. 6225 (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, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Shillong, the powers and functions vested… Read More

Companies (Incorporation) Fourth Amendment Rules_19122018

In exercise of the powers conferred by clause (41) of section 2, section 3, sub-section (1) of section 7, section 10A, section 14 and sub-sections (1.) and (2) of section 469 of the companies Act,2013 (18 of 2013), the Central Government hereby notifies Companies (Incorporation) Fourth Amendment Rules, 2018 vide notification 18th December, 2018 to amend the… Read More

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