4th tranche of Draft rules under Companies Act 2013 uploaded for comments
The Ministry of Corporate Affairs has uploaded the 4th tranche of Draft Rules under Companies Act 2013 covering the Investor Education And Protection Fund Authority Rules, 2013. The last day for receiving suggestion submission is 5th November 2013. Download the Rules from the download section below. 4th tranche of Draft rules under Companies Act 2013 Read More
Tags: Companies Act 2013, Draft Rules, Draft Rules under Companies Act 2013, IEPF Authority, Investor Education And Protection Fund Authority Rules 2013, MCA21, Ministry of Corporate Affairs
MCA Site Filing Records a new high for single day filings
The Ministry of Corporate Affairs website (the MCA21 portal) witnessed a huge surge of filing activities which saw the yearly filings surge to a new high of more than 100,000 filings on a single day i.e. on 26th Oct 2013. This number surpassed the previous high of 88,119 filings. Read More
Tags: MCA21, Ministry of Corporate Affairs
MCA Clarification under Section 372A(3) of the Companies Act, 1956
The Ministry of Corporate Affairs (MCA) vide its General Circular No. 06 /2013 dated 14.03.2013 has provided a clarification under Section 372A (3) of the Companies Act, 1956, which says that in such cases where the effective yield (effective rate of return) on tax free bonds is greater than the yield on prevailing bank rate,… Read More
Tags: Companies Act, Companies Act 1956, MCA21, Ministry of Corporate Affairs, New Delhi, Reserve Bank of India, Section 372A (3), The Income-tax Act 1961
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