Corporate Affairs Ministry

MCA Clarification on applicability of Section 185 of Companies Act 2013 and Section 372A of the Companies Act, 1956

CLR Editorial Notes: After some of the Companies Act 2013 Sections were notified, the Ministry of Corporate Affairs received several suggestions and representations regarding the notification of Section 185 of Companies Act 2013 (which deals with loans to Directors - and which corresponds to Section 295 of the Companies Act, 1956). This comes at a… Read More

Tags: Board of directorsCompanies ActCompanies Act 1956Companies Act 2013Company Law BoardCorporate Affairs MinistryGovernmentMCANew DelhiSection 185 of Companies Act 2013

Roles & Responsibilities of an Independent Director under Companies Act 2013 – Conference

ASSOCHAM Presents National Seminar on  Independent Director - Role & Responsibilities under Companies Act 2013 - Wednesday, 11th December 2013                                                      Hotel Royal Plaza, New Delhi The provisions of the… Read More

Tags: ASSOCHAMBoard of directorsCompanies ActCompanies Act 1956Corporate Affairs MinistryIndependent directorIndiaNew DelhiWednesday 11th December 2013

MCA Investor Awareness Programmes during the Current FY Cross the 800 Mark

During the Current Financial Year, a total of 801 Investor Awareness Programmes have been organized by the Ministry of Corporate Affairs in various parts of the country (till the end of October) through its 3 Professional Institutes: Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI) and the Institute of… Read More

Tags: Companies ActCorporate Affairs MinistryIndiaInstitute of Chartered Accountants of IndiaInstitute of Company Secretaries of IndiaInstitute of Cost Accountants of IndiaOctoberRural area

MCA extends dates for suggestions towards 3rd & 4th Tranche of Draft Rules under Companies Act 2013

The last date for the public at large for giving suggestions/ comments to the Ministry of Corporate Affairs regarding the 3rd and 4th tranche of Draft Rules being framed under the Companies Act, 2013 has been extended to the 10th of this month i.e. 10th November 2013. In these 2 phases, Draft Rules have been… Read More

Tags: 3rd tranche draft rules4th Tranche draft rules5th November 2013Companies ActCompanies Act 2013Corporate Affairs MinistryDraft Rules

Date Extended for Giving Suggestions on the 3rd Tranche of Draft Rules Being Framed under the Companies Act 2013

The Ministry of Corporate Affairs has extended by 4 days the last date for accepting suggestions/ comments for the 3rd tranche of Draft Rules being framed under the Companies Act, 2013. Now, such suggestions/ comments can be given till 5th November 2013. In this phase, following 3 Chapters have been covered: 1. Chapter V -… Read More

Tags: Chapter IX - Accounts of CompaniesChapter V - Acceptance of DepositsCompanies ActCompanies Act 1956Corporate Affairs MinistryNational Financial Reporting AuthorityNFRATranche

Ministry of Corporate Affairs releases third tranche of Draft Rules under Companies Act 2013

The Government in its implementation of the new Companies Act 2013 has moved ahead and issued the 3rd Tranche of Draft Rules under Companies Act 2013 which covers the proposal to set up a National Financial Reporting Authority (NFRA). The Draft Rules for following 3 chapters under the Companies Act 2013 has been made live for… Read More

Tags: Companies ActCompanies Act 2013Corporate Affairs Ministrycorporate social responsibilityFrench Section of the Workers' InternationalNational Football League DraftNFRATranche

CLB Order regarding Constitution of benches for the purpose of Exercising and discharging the Board’s power and functions

File No. 10/43/2005-CLB GOVERNMENT OF INDIA COMPANY LAW BOARD Paryavaran Bhawan, 3rd Floor, B-Block, C.G.O. Complex, Lodhi Road, New Delhi - 110 003 Dated: 25/09/2013 ORDER   The Companies Act, 2013 received the assent of the President of India on 29.08.2013 and was notified in the Gazette of India on 30.08.2013. Towards its implementation, 98… Read More

Tags: Companies ActCompanies Act 1956Companies Act 2013Company Law BoardCorporate Affairs MinistryIndiaLodhi RoadNew Delhi

Amendments in Company Law Board Regulations,1991 in relation to Companies Act 2013

File No. 10/36/2001-CLB GOVERNMENT OF INDIA COMPANY LAW BOARD Paryavaran Bhawan, 3rd Floor, B-Block, C.G.O. Complex, Lodhi Road New Delhi - 110 003 Dated:25/09/2013 ORDER In exercise of the powers conferred by sub- section (4B) and sub-section (6) of Section 10(E) of the Companies Act, 1956 (1 of 1956) read with Regulation 4 of the Company… Read More

Tags: Companies ActCompanies Act 1956Company Law BoardCorporate Affairs MinistryIndiaInstitute of Chartered Accountants of IndiaNew DelhiRegistrar of Companies

MCA extends suggestion submission deadline for Phase II Draft Rules under Companies Act 2013

The last date for submission of  suggestions towards the Phase II of Draft Rules under the Companies Act 2013 has been extended by 4 Days. The Ministry of Corporate Affairs has extended the date of submission by 4 days. Earlier, the last date was fixed as 19th of October, this has now been extended to 23rd October… Read More

Tags: AllotmentAppellate TribunalChapter VII of the United Nations CharterCompanies ActCorporate Affairs MinistryProspectusSuper Bowl XXVIITranche

An Analysis of One Person Company under Companies Act 2013 – by Karandeep Makkar

I worship individuals for their highest possibilities as individuals and I loathe humanity for its failure to live up to these possibilities. • Ayn Rand 1. Introduction Individual entrepreneurs doing business as sole proprietors will now be able to avail the benefits of limited liability without a second person to form a company as the… Read More

Tags: 2013 ActBoard of directorsBusinessCompanies ActCompanies Act 1956Companies Act 2013Corporate Affairs MinistryIndiaOne Person CompanyOPC

NCLT will take over and re-hear all CLB cases, in which verdicts have been reserved

The advent of the Companies Act 2013, has provided a new lease of life for many judgments which have been reserved by the Company Law Board. Under the Companies Act 2013, National company Law tribunals will be taking over the hearing of all cases related to Company Law. It has come to the notice that… Read More

Tags: Companies ActCompanies Act 1956Companies Act 2013Company Law BoardCorporate Affairs MinistryMadras High CourtNCLTSupreme Court

Draft Forms Under Phase II of the Companies Act 2013 Made Live by MCA

The Ministry of Corporate Affairs has released the Draft Forms under Draft Rules in Second Phase of the Companies Act 2013 and made them live for Public comments. Forms for 9 chapters issued under the 2nd phase of the Companies Act 2013 have been put for public comments. Download the Draft forms from the download section below. Download from here: Draft Forms in respect of… Read More

Tags: Companies ActCompanies Act 1956Companies Act 2013Corporate Affairs MinistryCorporate lawIndiaLawMCARegistrar of Companies

Total Number of Companies in the Official Registry as recorded by MCA

As per the records of the Ministry of Corporate Affairs there were a total of 13.45 lakh companies in the official Registry as on 31st August 2013. However, out of these as many as 2.57 lakh companies have been closed and there are 30,127 companies that are in the process of being closed. Also, as… Read More

Tags: Balance sheetBusinessCompanies ActCompanies Act 1956Corporate Affairs MinistryGovernmentIndiaPublic company

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