Sachin Pilot

Implementation of the New Company Law

The Companies Act, 2013 has been assented to by the President of India on 29.08.2013 and published in the Official Gazette on 30.08.2013 which empowers the Central Government to bring into force various sections from such date(s) as may be notified. Accordingly, 98 Sections of the Companies Act, 2013 have been notified on 12.09.2013. Giving… Read More

Tags: Companies ActCompanies Act 1956Corporate Affairs MinistryGovernment of IndiaIndiaLok SabhaSachin PilotSite of Special Scientific Interest

Registration of One- Person Company

Draft Rules have been prepared with regard to ˜One- Person Company™ registration system for small entrepreneurs and would be notified in due course after stakeholders™ comments and legal vetting. Giving this information in written reply to a question in the Lok Sabha, Minister of Corporate Affairs, Shri Sachin Pilot, however, said that the relevant provisions… Read More

Tags: BusinessCompanies ActCompanyCorporate Affairs MinistryIndiaLok SabhaMinister of Corporate AffairsSachin Pilot

Spending Under Corporate Social Responsibility

Section 135 of the Companies Act, 2013 dealing with Corporate Social Responsibility (CSR) requires companies under its purview to spend at least two percent of its average net profit made in the three immediately preceding financial years to be spent on its CSR policy. Giving this information in written reply to a question in the… Read More

Tags: BusinessCompanies ActCompanies Act 2013corporate social responsibilityCSRLok SabhaSachin PilotSocially Responsible

Statutory Status to the Serious Fraud Investigation Office

Under the provisions of the recently enacted Companies Act, 2013, Serious Fraud Investigation Office (SFIO) has been accorded statutory status. Various other provisions of the Companies Act, 2013 would enable SFIO to be more effective in conducting investigations. Steps have also been taken to induct technology and skilled manpower to improve the functioning of SFIO.… Read More

Tags: Companies ActCorporate Affairs MinistryFrench Section of the Workers' InternationalLok SabhaSachin PilotSerious Fraud Investigation OfficeSFIOTata Group

2nd National Conference on Companies Act 2013 – New Rules of the Game :: Mumbai 18th October

The New Companies Act, 2013 is a historic change in old law, which was a riddle  wrapped up in enigma. The new law is futuristic, sustainable and give flexibility to corporate environment. Lot of fresh changes have been made keeping in mind globalization, large scale corporatization of small and medium organizations. New ideas have been… Read More

Tags: ASSOCHAMCompanies ActCorporate Affairs MinistryCorporate lawcorporate social responsibilityIndiaMumbaiSachin Pilot

ICSI, ICAI, ICWAI sign MoU with Ministry of Corporate Affairs for setting up Centre of Excellence and Ethics

An MOU was signed between the three Professional Institutes of the Ministry of Corporate Affairs viz., The Institute of Company Secretaries of India (represented through its President, Shri S. N. Ananthasubramanain) , The Institute of Cost Accountants of India (represented through its President, Shri Suresh Chandra Mohanty) and the Institute of Chartered Accountants of India… Read More

Tags: AjmerCorporate Affairs MinistryCorporate GovernanceInstitute of Chartered Accountants of IndiaInstitute of Company Secretaries of IndiaInstitute of Cost Accountants of IndiaProfessional developmentSachin Pilot

Damodaran Committee Submits Report to the Ministry of Corporate Affairs

The Committee constituted by the Ministry of Corporate Affairs for Reforming the Regulatory Environment for doing Business in India, headed by Shri M. Damodaran, presented its Report to the Ministry. The Committee has made a number of recommendations that can be classified as: legal reforms, regulatory architecture, boosting efficacy of regulatory process, enabling MSME™s, and… Read More

Tags: CommitteeCorporate Affairs MinistryFeedBurnerGovernmentIndiaLegal educationRajya SabhaSachin Pilot

Seminar Flash :: Companies Bill 2013 Beginning of a New Era

Presents COMPANIES BILL 2013 Beginning of a New Era Mumbai 20th September | New Delhi 27th September | Bengaluru 4th October | Hyderabad 9th October    Dear Industry Colleague, We would like to take this opportunity to inform and invite you to our upcoming seminar Companies Bill 2013 Beginning of a New Era in the… Read More

Tags: BillCompanies ActCompanies Act 1956Corporate Affairs MinistryCorporate lawHyderabadIndiaMumbaiNew DelhiSachin Pilot

MCA Public Notice :: Feedback on draft Rules under the Companies Act, 2013

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS No. MCA21 / 13 8/2012 -Adv. Date: 05th September, 2013 PUBLIC NOTICE The Companies Act,  2013  has been notified on 30th August, 2013. First tranche of draft Rules, except Forms, covering 16 Chapters under the new Act, have been posted on the website of the Ministry of Corporate Affairs. The… Read More

Tags: 30th August 2013Companies ActCorporate Affairs MinistryFeedBurnerGovernmentIndiaRajya SabhaSachin Pilot

MCA :: Damodaran Panel™s Report on Business Climate

The Chairman of the Committee (Damodaran Panel) had circulated a draft report for comments earlier last month. The report will be submitted to the Government soon. Giving this information in written reply to a question in the Rajya Sabha earlier last month, Shri Sachin Pilot, Minister of Corporate Affairs, said that the Companies Bill, 2013 which… Read More

Tags: Corporate Affairs MinistryFeedBurnerGovernmentIndiaMergers and acquisitionsRajya SabhaSachin PilotShri Sachin Pilot

Companies Bill, 2012 gets Presidential Nod – Industries welcome the “Companies Act, 2013” (18 of 2013)

Dear Professional Colleagues, We are delighted to inform that the Companies Bill has received the Hon™ble President™s assent on 30th August 2013, to become the Companies Act, 2013. The next steps would be to finalize the Rules and define the procedural aspects of this Act. The Ministry of Corporate Affairs is expected to put the… Read More

Tags: Companies ActCorporate Affairs MinistryCorporate lawGovernmentHonLok SabhaSachin PilotThe Companies Act 1956

Revision of Clause 41 of Equity Listing Agreement

Discussion Paper on "Revision of Clause 41 of Equity Listing Agreement" Background: 1. Clause-41 of Equity Listing Agreement provides the framework for preparation, authentication and submission of Financial Results by listed  companies. 2. Though sub-clauses of Clause-41 have been regularly updated as and when the need arose, revision of entire Clause-41 is proposed to be undertaken… Read More

Tags: AccountingBusinessCompanies Act 1956Equity Listing AgreementFinancial ResultsFinancial servicesPublic companySachin Pilot

Spending on Corporate Social Responsibility by Companies

There is no provision for Corporate Social Responsibility (CSR) spending by companies in the present company law i.e. Companies Act, 1956. However, the new Companies Bill, 2012 has a provision of CSR under Clause 135 which states that every company having net worth of Rs. 500 crore or more, or turnover of Rs. 1000 crore… Read More

Tags: Billcorporate social responsibilityCSRLok SabhaMinistry of Corporate AffairsNet profitSachin PilotThe Companies Act 1956

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