MCA

Compliance of Secretarial Standards – Whether mandatory requirement for all companies?

Compliance of Secretarial Standards Whether mandatory requirement for all companies? PREAMBLE In accordance with the requirement of the Section 118(10) of the Companies Act, 2013 (˜the Act™), every company shall observe secretarial standards (˜SS™) with respect to general and Board meetings specified by the Institute of Company Secretaries of India (˜ICSI™).  Insertion of this requirement… Read More

Tags: Aditya Birla GroupCompanies ActCompany SecretaryCorporate Affairs MinistryICSIInstitute of Company Secretaries of IndiaMCAPublic company

Implications of insertion of the word ˜person™ – Section 186 of the Companies Act, 2013

Disclaimer:  The views expressed in this article are solely the views of the author and are not connected in any way with the views of the Company/ or the Group where the author is employed. By: Narendra Singh, Company Secretary, Essel Mining & Industries Limited (An Aditya Birla Group Company) ----------------------------------------------------------------- BACKGROUND The term ˜person™… Read More

Tags: BoardCompanies ActCompanies Act 1956Companies Act 2013Company SecretaryCorporate Affairs MinistryCorporationMCA

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

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

Download draft rules (1st phase) under Companies Act 2013

The Companies Act, 2013: Draft Rules made Public for Comments/Suggestions Module for receiving Suggestions and Comments has been placed on the MCA website The Draft Rules for following Chapters under the Companies Act, 2013 is made live for public comments in 1st phase. The last date of receiving comments on these Rules is 08 October 2013: Chapter I - Preliminary Chapter II - Incorporation of Company and Matters Incidental Thereto Chapter VI - Registration of Charges Chapter VIII - Declaration and Payment of Dividend Chapter IX - Accounts of Companies Chapter X - Audit and Auditors Chapter XI - Appointment and Qualification of Directors Chapter XII - Meeting of Board and its Powers Chapter XVI - Prevention of Oppression and Mismanagement Chapter… Read More

Tags: Companies ActCompanies Act 1956Corporate Affairs MinistryIndiaLawMCAPublic company

Companies Rules, 2013 Draft released by MCA for public comments

Dear Professional Colleagues, It is with utmost pleasure that we inform you all that the Ministry of Corporate Affairs has released the rules covering 16 chapters of the Companies Act, 2013 for the public comments & suggestions. This notice will also be made available on the MCA website on 9th September 2013. The last date… Read More

Tags: CommitteeCompanies ActCorporate Affairs MinistryCorporate lawFeedBurnerIndiaInstitute of Company Secretaries of IndiaMCA

Speakers at the ASSOCHAM Seminar on Corporate Compliance Management

Speakers List The following are the list of speakers who will value add at the ASSOCHAM's National Seminar on Corporate Compliance Management. Mr. Arun Maira, Member, Planning Commission Mr. M.J. Joseph, Add.Secy. & CVO, MCA Mr. Bhasker Chatterjee, DG & CEO, IICA Mr. M. S. Sahoo, Secretary, ICSI Ms. Preeti Malhotra, Chairperson, ASSOCHAM Council for Corporate… Read More

Tags: Arun MairaASSOCHAMCompany SecretaryGujaratIndiaIndo-Asian News ServiceMCASpice Group

MCA issues clarification on “adequacy” of Debenture Redemption Reserve

Circular No. 4/2013 No. 11/02/2o12-CL-V (A) Government of India Ministry of Corporate Affairs 5th floor 'A'Wing' Shastri Bhavan, Dr. R.P. Road, New Delhi. Dated: 11.02.2013 To All Regional Directors All Registrars of Companies All Chambers of Commerce The Reserve Bank of India The Securities and Exchange Board of India Subject: Debenture Redemption Reserve (DRR)- Clarification. Sir, The… Read More

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Date Extended for XBRL reporting of Balance Sheet and Profit and Loss Account

General Circular No: 39/2012 No. 17/161/2012-CL-V Government of India Ministry of Corporate Affairs 5th Floor, "A" Wing, Shastri Bhawan, Dr. R.P. Road, New Delhi - 110001 Dated 12.12.2012 All the Regional Directors, All the Registrar of Companies. Sub: Filing of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode for… Read More

Tags: CircularMCAxbrlXBRL Reporting

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