Company Law - Corporate Law Reporter

The Cost Accounting Records (Telecommunication Industry) Rules, 2011

MINISTRY OF CORPORATE AFFAIRS Notification No. G.S.R. 869 (E) New Delhi dated the 7th December, 2011 G.S.R. 869 (E). In exercise of the powers conferred by sub-section (1) of section 642, read with clause (d) of sub-section (1) of section 209 of the Companies Act, 1956 (1 of 1956), and in super session of the Cost Accounting Records (Telecommunications)… Read More

Cost Accounting Records (Sugar Industry) Rules, 2011

MINISTRY OF CORPORATE AFFAIRS Notification No. G.S.R. 872 (E) G.S.R. 872 (E). In exercise of the powers conferred by sub-section (1) of section 642, read with clause (d) of sub-section (1) of section 209 of the Companies Act, 1956 (1 of 1956), and in supersession of the Cost Accounting Records (Sugar) amended Rules, 1997 vide G.S.R. 388(E), dated the… Read More

Cost Accounting Records (Petroleum Industry) Rules, 2011

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (i)] MINISTRY OF CORPORATE AFFAIRS Notification No. G.S.R. 870 (E). G.S.R. 870 (E). In exercise of the powers conferred by sub-section (1) of section 642, read with clause (d) of sub-section (1) of section 209 of the Companies Act, 1956 (1 of 1956), and in supersession of… Read More

Cost Accounting Records (Pharmaceutical Industry) Rules, 2011

MINISTRY OF CORPORATE AFFAIRS Notification No. G.S.R. 874 (E) G.S.R. 874 (E). In exercise of the powers conferred by sub-section (1) of section 642, read with clause (d) of sub-section (1) of section 209 of the Companies Act, 1956 (1 of 1956), and in supersession of the Cost Accounting Records (Bulk Drugs) Rules, 1974 vide G.S.R. 130(E), dated… Read More

Performance of Competition Commission of India

Competition Commission of India has been established with the objective to eliminate practice having adverse effect on competition, promote and sustain competition, protect the interest of consumers and ensure freedom of trade carried on or by other participants in markets in India and for matters connected therewith or incidental thereto. Till 28.11.2011, the Commission has… Read More

New Law for Societies Registration Act

Non-corporate business entities and Societies are governed by the Law under which they are registered or incorporate. Each such law has suitable provisions concerning disclosure and accountability etc. The Societies Registration Act, 1860 through a Central Act, is administered by the respective State Governments. The Minister of State for Ministry of Corporate Affairs Shri R.P.N.… Read More

Early Warning System

The Ministry of Corporate Affairs introduced an ˜Early Warning System (EWS) in 2009 based on certain financial and non-financial indictors to ensure, as far as possible, that there is no recurrence of cases similar to Satyam Case. The criteria of EWS are used for online examination of Balance Sheets and other records of all listed… Read More

Cost Accounting Records and Cost Audit clarifications regarding applicability and compliance requirements

General Circular No. 68/2011, Dated the November 30, 2011 Subject: Cost Accounting Records and Cost Audit clarifications regarding applicability and compliance requirements. In connection with the recently issued circulars/notifications concerning cost accounting records and cost audit, following clarifications are issued: (a) That the companies covered under Companies (Cost Accounting Records) Rules, 2011 shall only file a simple compliance report as per… Read More

Annual System Audit-SEBI

CIR/MRD/DMS/13/2011 The Managing Director / Executive Director Stock Exchanges and Depositories Dear Sir / Madam, Sub: Annual System Audit Keeping in view the rapid technological developments in the Securities Markets should not overshadow the risks that these innovations pose to the efficiency and integrity of markets, SEBI vide circular no. MIRSD/DPS-III/ Cir-22 /2008 dated July 23, 2008,… Read More

Cost Accounting Records and Cost Audit clarifications about coverage of certain sectors

General Circular No. 67/2011 52/13/CAB-2011 Government of India Ministry of Corporate Affairs Cost Audit Branch ***** ˜B-1™ Wing, 2nd Floor,Paryavaran Bhawan, CGO Complex, Lodhi Road, New Delhi 110 003 Dated the November 30, 2011 To, The President, Institute of Cost and Works Accountants of India, 12, Sudder Street, Kolkata 700 016 Subject: Cost Accounting… Read More

Filing of Balanee Sheet and Profit and Loss Account in extensible F Business Reporting Language (XBRL) mode.

General Circular No: 69/2011 No. Hq/MCA/DigitisedBS/AR/2009 ' Government of India Ministry of Corporate Affairs 5th Floor, "A" Wing, Shastri Bhawan, Dr. R.Pm Road, New Delhi - 110001 All the Regional Directors, All the Registrar of Companies/ Official Liquidators All stakeholders Sub: Filing of Balanee Sheet and Profit and Loss Account in extensible F Business Reporting Language… Read More

Companies Bill

The Union Cabinet on Thursday approved the long-awaited Companies Bill that will completely recast the key provisions of the decades-old Companies Act 1956. It will bring in a new corporate responsibility framework, a rigorous regime and greater role for independent directors, more responsibility on independent directors and introduces new concepts like one person company, class… Read More

Comprehensive Competition Reforms at Centre State and Sub-State Levels will be Defining Moment in India: Moily

The time has come for all the stakeholders in the growth of Indian economy to come forward and launch a national movement to build a culture of competition so as to promote innovation, entrepreneurship and inclusive growth and to be part in ushering second generation of reforms. This was stated by the Minister for Corporate… Read More