Company Law - Corporate Law Reporter

Clarification regarding the timelines for making applicable/available new Form DPT-3

General Circular No. 11 /2017 No. 1/8/2013- CL-V Government of India Ministry of Corporate Affairs 5th Floor, 'A' Wing, Shastri Bhawan, Dr. R. P. Road, New Delhi Dated: 27 th September,2017 To All Regional Directors, All Registrar of Companies, All shareholders. Subiect: Clarification regarding the timelines for making applicable/available new Form DPT-3 issued vide the… Read More

Govt. amends MCA notification S.O. 3118(E), dated the 3rd October, 2016

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 20th September, 2017 S.O. 3085(E).—In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956, (1 of 1956), the Central Government hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Corporate Affairs,… Read More

Govt. notifies proviso to layers of subsidiaries under companies Act w.e.f 20 September 2017

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 20th September, 2017 S.O. 3086(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 20th September, 2017 as the date on which proviso to clause (87) of section 2 of the… Read More

MCA notifies certain provisions of Companies (Restriction on number of layers) Rules, 2017

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 20th September, 2017 G.S.R. 1176(E).—In exercise of the powers conferred under proviso to clause (87) of section 2, section 450 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely:— 1.… Read More

MCA notifies Companies (Acceptance of Deposits) Second Amendment Rules, 2017

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 19th September, 2017 G.S.R. 1172(E).—In exercise of the powers conferred by sections 73 and 76 read with sub-section (1) and sub-section (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Acceptance… Read More

Subsidiary Payment Banks & Small Finance Banks to comply with Indian Accounting Standards

General Circular No. 10/2017 F. No. 01/01/2009-CL-V (Pt.IV) Government of India Ministry of Corporate Affairs 5th floor , A Wing , Shastri Bhawan, Dr.R.P.Road , New Delhi-110001 Dated:- 13th September, 2017 To All Regional Directors All Registrar of Companies , All Stakeholders Sub:- Obligation to comply with the Indian Accounting Standards() and Rule 4… Read More

MCA and CBDT signs MOU to curb the menace of Shell Companies and Money Laundering

MOU between the Ministry of Corporate Affairs and Central Board of Direct Taxes (CBDT) for Automatic and Regular Exchange of Information Taking forward the initiative launched by the Government of India to curb the menace of shell companies, money laundering and black money in the country and prevent misuse of corporate structure by shell companies… Read More

MACS to adopt Secretarial Standards issued by ICSI as the Bemchmark

Malaysian Association of Company Secretaries (MACS) to adopt the Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI) as the benchmark. The Ministry of Corporate Affairs has approved a request of the Malaysian Association of Company Secretaries (MACS) for adoption of the Secretarial Standards issued by the Institute of Company Secretaries of… Read More

Voluntary Winding Up: Dawn of the new regulations

Introduction The winding up process leads to dissolution of the corporate entity from its existing stature of a functioning body to a dormant one. Majorly it is done to unburden the corporate entity of the debts it has previously incurred from various stakeholders, which it can’t repay under the normal functioning of its day to… Read More

Procedure for payment of Stamp Duty on Share Certificates in Delhi

Allotment of Securities S. NO. PARTICULARS DETAILS 1. Allotment within 60 days Allotment shall be done within 60 days of receipt of application money. 2. If not allotted within 60 days, refund in next 15 days If allotment is not done within 60 days then refund the whole application money within next 15 days. 3.… Read More

Comparative analysis of existing SS-1 with revised SS-1

COMPARATIVE ANALYSIS Article No. REVISED SS-1 (w.e.f. October 01, 2017) EXISTING SS-1 (w.e.f. July 01, 2015) 1.2.2 A Meeting may be convened at any time and place, on any day. A Meeting may be convened at any time and place, on any day, excluding a National Holiday. 1.2.2 (No such Provision) A Meeting adjourned for want of… Read More

Central government delegates power under S.66(2) of Companies Act ,2013

[To be published section (ii)l in the Gazette of India, Extra-ordinary, Part-II, Section 3- Sub setion (ii)] Ministry of Corporate Affairs Notification New Delhi, dated the 4th September,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 to the Regional Directors at Mumbai,… Read More

MCA exempts certain unlisted Public Companies from the appointment of Independent Directors

General Circular No.09/2017 No.1,/22/2013-CL-V Government of India Ministry of Corporate Affairs 5th Floor, 'A' Wing, Shastri Bhawan, Dr. R. P. Road, New Delhi Dated: 5th September, 2017 To All Regional Directors, All Registrar of Companies, All Stakeholders Subject: Exemptions given to certain unlisted Public Companies under the Companies (Appointment And Qualification of… Read More