Company Law - Corporate Law Reporter

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Notice for Stakeholders of Condonation of Delay Scheme

Stakeholders of Condonation of Delay Scheme (notified vide General Circular No.16/2017 dated 29th December 2017) may kindly note that the process for ‘reactivating’ the DINs in system in respect of disqualified Directors is in progress and they may check the status of the relevant DINs by 12th January 2018. However, they are requested to be ready with… Read More

MCA XBRL Validation Beta Tool for Ind AS Taxonomy has been released

New version of XBRL Validation Tool with IND-AS taxonomy related changes will be available for Beta Testing shortly. Software Vendors are requested to incorporate the required changes in their tagging tools accordingly.IND-AS Taxonomy and Business Rules are available on XBRL portal. Click here for Business_Rules_for_IndAS_Taxonomy Click here for Final_Ind_AS_Taxonomy IND-AS Taxonomy and Business Rules can be accessed… Read More

Companies (Amendment) Act, 2017 receives President’s assent

Companies (Amendment) Act, 2017 has received assent of the President and the same has been published in the Official Gazette on 3rd January, 2018. The amendments shall come into force from the date notified by the MCA. Different dates may be prescribed by the MCA for different provisions. Another Good News: Latest amendments in Companies… Read More

MCA issues Condonation of Delay Scheme, 2018 effective from 01.01.2018

General Circular No.16/2017 File No. 02/04/ /201 7-CL-V Ministry of Corporate Affairs 5th Floor, 'A' Wing, Shastri Bhawan Dr. Rajendra Prasad Road, New Delhi-110 001. Dated29.12.2017 To All Regional Directors, All Registrar of Companies, AII Stakeholders. Sir, Subject: Condonation of Delay Scheme, 2018 Whereas, companies registered under the Companies Act, 2013 (or… Read More

Properties of struck off companies from RoC can’t be used, operated, transferred or alienated: MCA

Properties of struck off companies from RoC can’t be used, operated, transferred or alienated in any manner The Central Government has drawn the attention of all the concerned States and Union Territories (UTs) towards the fact that so far, 2,24,733, companies have been struck off from Register of Companies and that assets, properties etc. (i.e.… Read More

Listed companies must comply on appointing women board directors: MCA

Listed companies must comply on appointing women board directors; total 142 listed companies fined Section 149 of Companies Act, 2013 (the Act) read with the corresponding rules requires every listed company and prescribed class of companies to have a women director. Section 172 of the Act lays down punishment for non-compliance. Registrar of Companies have… Read More

MCA notifies Companies (cost records and audit) second Amendment Rules, 2017

[To be published in the Gazette of India, Extraordinary, Part ll, section 3' Sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 20th December 2017 G.S.R................. (E).- In exercise of the powers conferred by sub-sections-(1) and (2) of section +OS anO section 148 ofthe Companies Act, 2013 (18 of 2013) (hereinafter… Read More

MCA invites Public Comments on Code/Regulations/Rules under Insolvency and Bankruptcy Code, 2016

Government of India Ministry of Corporate Affairs Insolvency Section Dated: 12.12.2017 Public Notice Government has constituted the Insolvency Law Committee under the Chairmanship of Secretary, Ministry of Corporate Affairs vide order dated 16.11.2017 to take stock of the functioning and implementation of the code, Identify the Issues that may impact the efficiency of the … Read More

MCA to Introduce Condonation of delay scheme 2018 for disqualified directors

General Circular No. ………… /2017* File No.02/04//2017 Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan Dr. Rajendra Prasad Road, New Delhi-110 001. Dated ……….2017 To All Regional Directors, All Registrar of Companies, All Stakeholders. Sir, Subject: Condonation of Delay Scheme, 2018 Whereas, companies registered under the Companies Act, 2013 (or its predecessor Act) are inter-alia required… Read More

Companies Amendment Billl 2017 passed by Rajya Sabha

Companies Amendment Bill 2017 was passed by Rajya Sabha on 19.12.2017 in its winter session while the bill was passed by Lok Sabha on 27.07.2017 in its monsoon session. This Bill aims to provide for more than 92 amendments in the Companies Act, 2013 which includes Amendment of Existing Sections, Insertion of New Sections, Substitution of… Read More

Govt. appoints Judicial members in NCLAT

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 11th December, 2017 S.O. 3863 (E).—In exercise of the powers conferred by section 410 of the Companies Act, 2013 read with Tribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other Conditions of Service of Members) Rules, 2017, the Central Government hereby appoints Justice (Retd.) Shri… Read More

IBBI notifies Regulations for handling of Grievances and Complaints

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 6th December, 2017 No. IBBI/2017-18/GN/REG/21.—In exercise of the powers conferred under sections 196, 217, read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following Regulations, namely :— CHAPTER I PRELIMINARY… Read More