MCA notification – Applicability of Regulation 17(6) in processing the work items
Circular No. 10/2013 No. MCA21/37/2013 Government of India Ministry of Corporate Affairs 5th Floor, "A" Wing, Shastri Bhawan Dr. R. P. Road, New Delhi - 110001 Dated: 08.05.2013 To, All the Regional Directors, All the Registrar of Companies Sub: Applicability of Regulation 17(6) in processing the work items. Sir, I am directed to convey, with… Read More
Tags: Competent authority, Government of India, India, New Delhi, Registrar of Companies, Regulation, Regulation 17, ROC
Registrar of Companies and Regional Directors to get more powers
Ministry of corporate affairs (MCA) is set to give more powers to the Executive for conducting investigations by eliminating the need to seek multiple approvals before launching prosecution against defaulting companies. MCA is delegating a large part of investigation-related work to Regional Directors, encouraging the use of emails and stepping up hiring at its field… Read More
Tags: regional director, ROC
ROCs to check for diversion of IPO funds
To check the misuse of funds raised by Companies via IPOs, the Ministry of Corporate Affairs has directed the Registrar of Companies (RoCs) to check for diversion of IPO funds while performing scrutiny of their annual accounts. MCA has asked ROCs to check for fund diversions by companies from the objectives stated in the prospectus with a… Read More
Tags: Registrar of Companies, ROC