Company Law - Corporate Law Reporter

Insolvency and Bankruptcy Board notifies IBBI (Inspection and Investigation) Regulation,2017

The Insolvency and Bankruptcy Board of India notifies the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017 . Under this Regulation, the board shall order to inspect or inspect the service providers defined under Section 2(1)(j) of regulation to ascertain whether adequate internal control systems, procedures and safeguards have been established and… Read More

DIR-5 (Application for surrender of Director Identification Number) will be deployed as an e-form for filing purposes shortly

Dear Professional Colleagues, In terms of Rule 11(f) of the Companies (Appointment and Qualification of Directors) Rules, 2014, the Central Government or Regional Director (Northern Region), Noida or any officer authorised by the Regional Director may, upon being satisfied on verification of particulars or documentary proof attached with the application received alongwith fee as specified… Read More

Insolvency Professional to obtain Certificate of Registration under Insolvency Code:IBBI

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA PRESS RELEASE 15th June, 2017 No person to function as an Insolvency Professional without Certificate of Registration Section 3 (19) of the Insolvency and Bankruptcy Code, 2016 (Code) defines ‘insolvency professional’ to mean a person enrolled under section 206 with an insolvency professional agency (IPA) as its member and… Read More

IBBI notifies Fastrack Insolvency Resolution Process for Corporate Persons Regulations

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA PRESS RELEASE 15th June, 2017 Insolvency and Bankruptcy Board of India notifies Fast Track Insolvency Resolution Process for Corporate Persons Regulations The Insolvency and Bankruptcy Board of India (IBBI), in exercise of its powers conferred by sections 58, 196 and 208 read with section 240 of the Insolvency and… Read More

Amendment in Exemptions granted to Section 8 Companies vide notification dated 5th June 2015

Vide Notification dated 13th June 2017, in exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 462 and in pursuance of sub-section (2) of section 462 read with section 8 of the companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act), the central Government, in… Read More

Amendment in Exemption granted to Government Companies vide notification dated 5th June 2015

Vide notification dated 13th June 2017, in exercise of the powers conferred by clauses (a) and (b) of subsection (1) of section 462 and in pursuance of sub-section (2) of section 462 of the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act), the Central Government, in the interest of public,… Read More

Exemption to Private Companies specially OPC, Small Companies & Start up companies

MCA vide notification dated 13th June 2017, in exercise of the powers conferred by clauses (a) and (b) of subsection(1) of section 462 and in pursuance of sub-section (2) of section 462 of the Companies Act, 2013 ('18 of 2013) (hereinafter referred to as the said Act), the Central Government, in the interest of public,… Read More

MCA clarification on transmission of securities to IEPF

General Circular No. 07/2017 No.05/23/2016-IEPF Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan Dr.R.P.Road, New Delhi Dated: 05th June, 2017 To, All Stakeholders, Nodal Officer’s (IEPF) of Concerned Companies All Regional Director’s & Registrar of Companies of Min of Corp. Affairs Subject: Clarification regarding transmission of… Read More

Clarification by MCA regarding due date of transfer of shares to IEPF Authority

General Circular No.06/2017 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: 29.05.2017 To All Stakeholders, Nodal officer’s (IEPF) of Concerned Companies All Regional Director’s & Registrar of Companies of Min of Corp. Affairs Subject: Clarification regarding due date of transfer of shares to… Read More

Draft Companies (Registered Valuers and Valuation) Rules, 2017

The draft Companies (Registered Valuers and Valuation) Rules, 2017 have been placed on the Ministry’s website www.mca.gov.in for suggestions/ comments. The Ministry is into process of inviting suggestions for such Rules. As per the draft, the Rule will come into force with effect from 15th July, 2017. The complete content of the Rules can be… Read More

Ministry inviting comments on the draft Companies (Registered Valuers and Valuation) Rules, 2017

Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (REGISTERED VALUERS AND VALUATION) RULES, 2017 Dated: 26th May, 2017 The draft Companies (Registered Valuers and Valuation) Rules, 2017 have been placed on the Ministry’s website www.mca.gov.in for suggestions/ comments. Suggestions/ comments on the draft rules along with justifications in brief may be sent… Read More

SPICe Forms revised on MCA Portal w.e.f 20 May, 2017

MCA has recently revised SPICe forms. Stakeholders are advised to check the latest version before filing. Refer the Company Form Download link for latest version of SPICe Forms- http://www.mca.gov.in/MinistryV2/companyformsdownload.html Read More

MCA withdraws its Circular regarding Transfer of Shares to IEPF Authority

MCA vide Circular no. 05/2017 dated 16.05.2017 withdraws Circular no. 03/2017 dated 27.04.2017 regarding Transfer of Shares to IEPF Authority. The Subject matter of the said circular stands withdrawn with immediate effect. Fresh instructions on the matter will be issued in due course of time. Refer the exact content of the Circular as per the following… Read More