Company Law - Corporate Law Reporter

IRDA makes appointment of CS as Compliance Officer(KMP) mandatory for all insurance companies

Ref.: IRDA/F&A/GDL/CG/100/05/2016 Date: 18th May, 2016 Guidelines for Corporate Governance for insurers in India The Authority had initially issued Guidelines on Corporate Governance for insurance companies vide circular dt. 5th August, 2009. The Authority had also issued separate guidelines for appointment/reappointment and remuneration of MD/CEO/WTD as well as other Key Management Persons (KMPs), as also… Read More

ICSI invites suggestions for reviewing the e-Forms under Companies Act, 2013

19th May, 2016 Dear Professional Colleagues, Subject:- Inviting Suggestions for reviewing the e-Forms under Companies Act, 2013 The Ministry of Corporate Affairs (MCA) has constituted a Technical Committee to review the e-forms notified under Companies Act, 2013. MCA has invited the suggestions/inputs on e-forms with respect to the following chapters/rules of the Companies Act, 2013… Read More

MCA notifies section 435, 436, 437,438 and 440 under chapter 28 of Companies Act, 2013

Special Court under chapter XXVIII Central Government has appointed 18th May, 2016 as the date on which provisions of Section 2(29)(iv), 435,436,437,438 and 440 shall come into force. Government has also designated a few courts and specified their jurisdiction as Special Courts for the purpose of trial of offences punishable under Companies Act, 2013 with… Read More

MCA releases new version of Form INC-22

Form INC-22 was recently updated on MCA21 Company Forms page. Stakeholders are advised to check the latest version before filing. Read More

Delegation of powers in case of alteration in memorandum of section 8 companies

16th May, 2016 Dear Professional Colleagues, Subject: Delegation of powers in case of alteration in memorandum of section 8 companies We invite your kind attention to the MCA notification no. S.O. 1353 (E) dated May 21, 2014[1] (copy enclosed) wherein the Central Government has delegated the powers and functions vested in Central Government, amongst others,… Read More

Clarification with regard to provisions of Corporate Social Responsibility under section 135 of the Companies Act, 2013

General Circular No. 05/2016 No. 05/01/2014 Government of India Ministry of Corporate Affairs 5th Floor, 'A' Wing, Shastri Bhawan, Dr. R.P. Marg New Delhi - 110001 Dated: 16th May, 2016 To, All Regional Director, All Registrar of Companies, All Stakeholders Subject:-Clarification with regard to provisions of Corporate Social Responsibility under section 135 of the Companies… Read More

Relaxation of additional fees and extension of last date of filing of various e-Forms under the Companies Act

General Circular No 06/2016 FNo.01/34/2013 CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhawon, Dr. Rajendra Prasad Road, New Delhi - 110001. Dated the 16th May, 2016. All Regional Directors, All Registrar of Companies, All stakeholders. Subject: Relaxation of additional fees and extension of last date of filing of various… Read More

Restrictions on Transferability of Shares and the Right of Pre-Emption

RESTRICTIONS ON TRANSFERABILITY OF SHARES AND THE RIGHT OF PRE-EMPTION -Raghavi Viswanath INTRODUCTION The distinction between private and public companies is primarily based on the idea that the legislation intends to make available the advantages of corporate trading to private traders or private persons. These advantages are embodied in the form of privileges which are… Read More

MCA releases New versions of Form INC-7

Form INC-7 is likely to be updated w.e.f 14th may 2016. Also, Forms GNL-1 and GNL-4 were recently made available on MCA21 Company Forms page. Stakeholders are advised to check the latest version before filing Read More

New version of forms GNL-1 and GNL-4 available on MCA21

Forms GNL-1 and GNL-4 have been recently made available on MCA21 Company Forms Page. Stakeholders are advised to check the latest version before filing Read More

New versions of Forms PAS-3, CHG-1, DIR-12, SH-11, FTE updated on MCA21

Forms PAS-3, CHG-1, DIR-12, SH-11, FTE were recently updated on MCA21 Company Forms page. Stakeholders are requested to check the latest version before filing. Read More

Companies (Registration Offices and Fees) Amendment Rules 2016

[To be published Section (i)l in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section(i)] Government of India MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 06th May, 2016 G.S.R.....(E).- In exercise of the powers conferred by section 399 read with sub-section (1) and (2) of section 469 of the Companies Act, 2013 (18 of… Read More

Policy on foreign investment for Asset Reconstruction Companies- amendment of paragraph 6.2.18.1 of ‘Consolidated FDI Policy Circular of 2015’

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 4 (2016 Series) Subject: Policy on foreign investment for Asset Reconstruction Companies- amendment of paragraph 6.2.18.1 of 'Consolidated FDI Policy Circular of 2015' 1.0 Present Position: 1.1 Paragraph 6.2.18.1 of `Consolidated FDI Policy Circular of 2015'', effective from May… Read More