Company Law - Corporate Law Reporter

MCA dispenses with uploading Form 49A and 49B w.e.f 4th November 2017, 6 P.M.

As part of MCA's continuous efforts for simplifying Incorporation related process for providing Ease of Doing Business to stakeholders, it will be dispensing with the requirement of separately uploading Forms 49 A& 49B after filing SPICe e-forms. Accordingly, With effect from 6PM of 4th November 2017, stakeholders will NOT be required to upload signed 49A/49B using “Submit application for PAN/TAN” service,… Read More

Due date of Annual Filing with ROC extended till 28.11.2017

General Circular No.14/2017 F.No.- 01/34/2013 CL-V Government of India Ministry of Corporate Affairs 5th Floor `A’ Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi-100011 Dated:27/10/2017 To Regional Directors, All Registrar of Companies, A All Stakeholders. Subject:Relaxation of additional fees and extension of last date of filing AOC-4 and AOC-4(XBRL non-IndAS) under the Companies Act… Read More

Clarification regarding approval of resolution plans under section 30 and 31 of Insolvency and Bankruptcy Code, 2016

General Circular No. IBC/01/2017 No.- 30/14/2017-Insolvency Government of India Ministry of Corporate Affairs 5th Floor `A’ Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi-100011 Dated: 25/10/2017 To Chairperson,IBBI All Regional Directors All Registrar of Companies, All Stakeholders Subject: Clarification regarding approval of resolution plans under section 30 and 31 of insolvency and Bankruptcy Code,… Read More

MCA extends last date for filing of AOC-4 XBRL E-Forms using Ind AS till 31.03.2018

General Circular No. 13/2017 F.No. 01/19/2013-CL-V (Pt.) Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhawan Dr. R.P. Road, New Delhi-110001 Dated:- 26th October, 2017 To All Regional Directors, All Registrar of Companies All Stakeholders Sub: Relaxation of Additional fees and extension of last date of filing of AOC-4 XBRL E-Forms… Read More

MCA notifies Section 247 of the Companies Act 2013 w.e.f 18th October, 2017

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th October, 2017 S.O. 3393(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints the 18th October, 2017 as the date on which the provisions of section 247 of the said Act… Read More

MCA notifies Companies (Registered Valuers and Valuation) Rules, 2017

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i)] Ministry of Corporate Affairs New Delhi, the 18th October, 2017 G.S.R (E).─ In exercise of the powers conferred by section 247 read with sections 458, 459 and 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby… Read More

MCA delegates power under section 247 of CA 2013 to Insolvency and Bankruptcy Board of India

[To be published in the Gazette of India, Extra-ordinary,part-II,section 3, sub-section (ii)] MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, dated the 23rd October,2017 S.O------- (E). -In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013), the Central Government hereby delegates the powers and functions vested in it under… Read More

MCA notifies Companies (Removal of Difficulties) Second Order, 2017

MINISTRY OF CORPORATE AFFAIRS ORDER New Delhi, the 23rd October, 2017 S.O. 3400.(E).—Whereas, sub-section (1) of section 247 of the Companies Act, 2013 (18 of 2013) (hereafter referred to as the said Act) provides that where a valuation is required to be made in respect of any property, stocks, shares, debentures, securities or goodwill or… Read More

MCA notifies IEPFA (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2017

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 13th October, 2017 G.S.R. (E).- In exercise of the powers conferred by sub-sections (1), (2), (3), (4), (8), (9), (10) and (11) of section 125, sub-section (6) of section 124 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government… Read More

Transfer of Shares to IEPF Authority: MCA

General Circular No. 12/2017 No. 11/06/2017-IEPF Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing Shastri Bhawan, Dr.R. P.Road New Delhi- 110001 Dated: 16.10.2017 To All Stakeholders Nodal Officers (IEPF) of Concerned Companies All Regional Directors and Registrar of Companies MD & CEO NSDL MD & CEO CDSL Subject: Transfer of Shares to IEPF Authority Pursuant to… Read More

MCA updates names of the newly appointed Directors, where all the directors stand vacated due to disqualification

F. No.03/73/2017/CL-II Government of India Ministry of Corporate Affairs 5th Floor ‘A’ Wing, Shastri Bhawan, New Delhi. Dated: 06.10.2017 To, The Regional Directors/Registrars of Companies Sub: – Addition of names of the newly appointed Directors in the MCA database in the Companies where all the directors stand vacated due to disqualification under section 164(2)(a) r/w 167(1) of the Companies… Read More

IBBI invites public comments on draft rules of Insolvency Resolution Process for Individuals and Firms by 31.10.2017

Insolvency and Bankruptcy Board of India 9 th October, 2017 INVITATION OF PUBLIC COMMENTS IBBI invites public comments on: (i) draft Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Individuals and Firms) Rules, 2017, and (ii) draft Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Individuals and Firms) Regulations,… Read More

IBBI notifies the IBBI (Information Utilities) (Amendment) Regulations, 2017

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA PRESS RELEASE 29th September, 2017 IBBI notifies the IBBI (Information Utilities) (Amendment) Regulations, 2017 IBBI had notified the IBBI (Information Utilities) Regulations, 2017 on 31st March, 2017. These regulations provided that ordinarily a person should not hold more than 10% of paid up equity share capital or voting power… Read More