Company Law - Corporate Law Reporter

Company Law Settlement Scheme, (Jammu & Kashmir) 2012

General Circular No. 23/2012 F. No. 17/147/2012-CL V Government of India Ministry of Corporate Affairs; Dated the 6th August, 2012 All Regional Director, All Registrars of Companies. Subject: Company Law Settlement Scheme, (Jammu & Kashmir) 2012 It has been observed that a large number of companies are not filing their due statutory documents (i.e. Balance Sheets… Read More

Fees on Form 23B has further deferred for one week becomes applicable from 12th August, 2012

General Circular No. 22/2012 F.No. 17/187/2011 - CL.V ; Government of India; Ministry of Corporate Affairs; Dated the 3rd Aug, 2012 To All Regional Directors, All Registrar of Companies, All Stakeholders. Sub : Imposing fees on certain e-forms filed with ROC, RD or MCA(HQ) under MCA-21 where at present no fee is prescribed. Sir, I am… Read More

Non- XBRL Companies to file 23AC & 23ACA upto 15th Sept or within 30 days of the AGM

General Circular No 21/2012 File No. 17/160/2012-CL-V; Government of India; Ministry of Corporate Affairs; Dated02/08/2012 All the Regional Directors, All the Registrar of Companies Sub: Filling of Balance Sheet and Profit and Loss Account by Companies in Non- XBRL for accounting year commencing on or after 01.04.2011. Notification no. S.O-447 (E) dated 28.02.2011 on revised schedule VI is… Read More

Activation of ISIN in case of additional issue of shares/ securities

CIRCULAR CIR/MRD/DP/ 21 /2012 August 02, 2012 To, The Depositories, The Stock Exchanges Dear Sir, Subject: Activation of ISIN in case of additional issue of shares/ securities 1. Please refer to SEBI circular No SEBI/MRD/DEP/Cir-2/06 dated January 19, 2006. 2. In addition to the above circular, it has now been decided that in case of… Read More

Direct Market Access – Clarification

CIRCULAR CIR/MRD/DP/ 20 /2012 August 02, 2012 The Managing Director and CEO - Bombay Stock Exchange Limited; The Managing Director National Stock Exchange of India Ltd. Sub: Direct Market Access - Clarification 1. SEBI, vide circular no. MRD/DoP/SE/Cir-7/2008 dated April 03, 2008 introduced Direct Market Access (hereinafter referred to as DMA). Further, SEBI vide circular no. MRD/DoP/SE/Cir-03/2009… Read More

Stamp duty may be leviable on increase in authorised share capital in Delhi

A Notification vide No. G.S.R. 716(E). dated 23.09.2011 was issued, in view of the order of the Hon™ble High Court of Delhi dtd. 21.04.2011 in the matter of M/s. S.E. Investment Limited Vs Union Of India and Others {W.P. (c) 2393/2010 and CM Appl. 4794/2011}, the Hon™ble Court had inter alia held that there is… Read More

Clarifications with reference to the Investor Education and Protection Fund

CIRCULAR NO. 17/2012 Government of India; Ministry of Corporate Affairs Dated: 23rd July, 2012 CIRCULAR The following clarifications are issued with reference to the Investor Education and Protection Fund (uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules 2012, published in the Gazette of India Part II section 3 sub section (i) vide… Read More

Filing of Cost Audit Report and Compliance Report in the XBRL mode allowed upto 31st December, 2012

General Circular No. 18/2012 52/17/CAB-2011 Government of India; Ministry of Corporate Affairs; Cost Audit Branch Dated the July 26, 2012 To, The President, Institute of Cost Accountants of India Subject: Filing of Cost Audit Report and Compliance Report in the eXtensible Business Reporting Language (XBRL) mode. Sir, Vide MCA™s General Circular No. 8/2012 dated 10… Read More

Imposing fees on certain e-forms filed with ROC, RD or MCA(HQ) under MCA-21

General Circular No. 19/2012 F.No. 17/187/2011 - CL.V Government of India Ministry of Corporate Affairs; Dated 27th July, 2012 All Regional Directors, All Registrar of Companies, All Stakeholders. Sub : Imposing fees on certain e-forms filed with ROC, RD or MCA(HQ) under MCA-21 where at present no fee is prescribed. I am directed to refer… Read More

SEBI- System for Making Application to Public issue of Debt Securities

CIRCULAR CIR. /IMD/DF-1/20/2012 July 27, 2012 To All Recognized Stock Exchanges All Registered Merchant Bankers All Registered Registrars to an Issue All Registered Bankers to an Issue All Depositories Dear Sir/Madam, Sub: System for Making Application to Public issue of Debt Securities 1. Regulation 10 of the SEBI (Issue and Listing of Debt Securities) Regulations,… Read More

Indian Depository Receipts

Introduction The past decades have witnessed the increased internationalization of various firms through cross listings on international exchanges. This internationalization has been supported by the process of market liberalization, which has led to greater integration of global securities markets. Cross-border listing by the various companies has become one of the important avenues for the… Read More

Eminent Persons Advisory Group Meeting held in CCI. Corporate Affairs Minister releases the first news letter of CCI.

The first meeting of the eminent persons Advisory Group (EPAG) was held in Competition Commission of India today. The EPAG discussed ways to deepen the process of competition in various sectors of the economy. Addressing the EPAG, the Union Corporate Affairs Minister, Dr. M.Veerappa Moily stressed on the need for having a strong competition culture… Read More

Last Date to File Form 23B without Penalty Extended by 2 Weeks

Ministry of Corporate Affairs vide circular number 14/2012 dated 21.06.2012 had imposed fees on Form 23B (Information by auditor to Registrar) w.e.f. 22/07/2012. Kindly note that the last date for filing the Form 23B without fee has been extended for two weeks. Fee shall be charged on any eForm 23B filed on or after 5th August, 2012. You are therefore advised… Read More