Company Law - Corporate Law Reporter

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

[To be published in the Gazette of India, Extraordinary, part II, Section 3, Sub_ section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, The 7th December, 2017 G.S.R........(E)- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and section 148 of the Companies Act, 2013 (18 of… Read More

Companies (Filing of Documents and Forms in Extensible Business Reporting Language), Second Amendment, Rules, 2017 notified

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 4th December, 2017 G.S.R. 1480(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with section 398 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Filing of Documents and… Read More

Critique on Unpublished Price Sensitive Information- Kotak Committee report on Corporate Governance

A committee has been constituted by SEBI under the Chairmanship of Mr. Uday Kotak (“Kotak Committee”), whereby certain amendments have been proposed to the Indian legislations for listed companies. After careful deliberations, a report has been submitted by the Kotak Committee on Corporate Governance dated October 5, 2017 (“Report”). The purpose of the Report is… Read More

MCA designates Special Court in state of Karnataka for speedy trial of cases

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 4th December, 2017 S.O. 3804(E).—In exercise of the powers conferred by sub-section (1) of Section 435 of the Companies Act, 2013 (18 of 2013), the Central Government, with the concurrence of the Chief Justice of the High Court of Karnataka, hereby designates the following Court mentioned in… Read More

ICSI releases Secretarial Standard-3 on “Dividend”

The Institute of Company Secretaries of India (ICSI) has introduced Secretarial Standard -3 (SS-3) on Dividend. This standard prescribes the set of principles in relation to the declaration and payment of Dividend and matters related thereto. The principles set out in this standard relates to declaration and payment of Dividend on equity as well as preference share capital in accordance… Read More

Facility of transfer of shares to IEPF Authority demat account held in CDSL system

Circular No.: NSDL/CIR/II/22/2017 Date: November 28, 2017 Sub: Facility of transfer of shares to IEPF Authority demat account held in CDSL system Attention of Issuers/RTAs is invited to NSDL Circular No. NSDL/CIR/II/21/2017 dated November 24, 2017 regarding transfer of shares to IEPF Authority. In this context, Issuers/R&T Agents are hereby informed that the facility of… Read More

MCA revises Master Circular on Cost Accounting Records and Cost Audit

Master Circular No. 2/2011 52/14/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 11, 2017 To The President Institute of Cost and Works Accountants of India, 12, Sudder Street Kolkato -700 016 Subject: Master Circular… Read More

Govt. appoints Shri B.N. Sharma as Chairman of the National Anti-profiteering Authority under GST

Government appoints Shri B.N. Sharma (IAS:1985) as Chairman of the National Anti-profiteering Authority under GST In an immediate follow up action of last week's Cabinet approval for creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority under GST, the Government today issued orders appointing senior IAS officer Shri B.N. Sharma,… Read More

MCA revises Form AOC- 4 XBRL and Form AOC-4

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 6th November, 2017 G.S.R.1372(E).—In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 read with section 398 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Filing of Documents and Forms… Read More

IBBI Insolvency Resolution Process for Corporate Persons (Third Amendment) Regulation notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 7th November, 2017 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (THIRD AMENDMENT) REGULATIONS, 2017 No. IBBI/2017-18/GN/REG019.—In exercise of the powers conferred by clause (t) of sub-section (1) of Section 196 read with section 240 of the Insolvency and Bankruptcy, Code,… Read More

IBBI Fast Track Insolvency Resolution Process for Corporate Persons (Third Amendment) Regulation notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 7th November, 2017 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (FAST TRACK INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (THIRD AMENDMENT) REGULATIONS, 2017 No. IBBI/2017-18/GN/REG020.—In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and… Read More

MCA to soon introduce ‘Early Warning System’ to strengthen the Regulatory Mechanism

Press Information Bureau Government of India Ministry of Corporate Affairs 05-November-2017 16:17 IST Around 2.24 lakh companies have been struck-off till date for remaining inactive for a period of two (2) years or more;. Around 3.09 lakh Directors disqualified who were on the Board of Companies that have failed to file Financial Statements and/or Annual… Read More

MCA designates special court in chennai for speedy trial of offences

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 03rd November, 2017 S.0………… (E).- In exercise of the powers conferred by sub-section (1) of section 435 of the Companies Act, 2013 (18 of 2013), the Central Government, with the concurrence… Read More