Company Law - Corporate Law Reporter

BANKRUPTCY CODE: A PROGRESSIVE BILL AND A NEED OF THE HOUR

INTRODUCTION: Law as an instrument is the best tool as well as the worst disability. It can enable you, and at the same time varied interpretation of the same law may disable your process. It is, therefore, of central importance that law should enable business or what in better way is known as enable “ease… Read More

Delegation of Powers to Regional Directors

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section(ii)] MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 29/4/2016 S.O. E. In exercise of the powers conferred by sub-section(1) of section 458 of the Companies Act(18 of 2013), the Central Government being satisfied that circumstances warrant, hereby delegates the powers to… Read More

FAQ to limit the PDF file size while affixing the DSC

Q. The size of the e-form increases significantly after attaching the DSC. What should be done to optimize the PDF file size? A. Please follow the below instructions to limit the increase in PDF file size while affixing the Digital Signature Certificate (DSC). 1. Open any PDF file or right click any PDF file. 2.… Read More

New version of Forms AOC-4_CFS, AOC-4_XBRL, INC-22, INC-27, MR-2

Forms AOC-4_CFS, AOC-4_XBRL, INC-22, INC-27, MR-2 were recently updated on MCA21 Company Forms page. Stakeholders are requested to check the latest version before filing Read More

ICAI President’s Message – May 2016

Dear Members, The Indian accountancy profession has consolidated itself internationally to register its wise, strong and empowering global presence. Today, The Institute of Chartered Accountants of India produces world-class professionals who along with the desired IT and soft skills are professionally competent and fit to work in and for international economies in multicultural environment. Well… Read More

Unavailable MCA21 system from Wednesday, 4th May, 10:00 pm to Thursday, 5th May 4:00 am

The MCA21 system will be temporarily unavailable from Wednesday, 4th May, 10:00 pm to Thursday, 5th May 4:00 am IST for system optimization. Stakeholders are requested to plan accordingly Read More

Legislative Framework for Regulating Deposit Taking Activities

The Government of India had constituted an Inter-Ministerial Group (IMG) for identifying gaps in the existing regulatory framework for deposit taking activities and to suggest administrative / legislative measures, including formulation of a new law, to cover all relevant aspects of ‘Deposit Taking’. IMG has finalized its Report and has suggested enactment of a comprehensive… Read More

New versions of Forms INC-23, FC-2, INC-28, AOC-4 and INC-1

Forms INC-23, FC-2, INC-28, AOC-4 and INC-1 have been recently updated on MCA21 portal. Stakeholders are advised to download the latest version before filing Read More

FDI in e – commerce retail

FDI is permitted in Indian entities that carry out single brand retail via e-commerce. To encourage investment in e-commerce sector, FDI policy permits 100% foreign investment under the automatic route in companies engaged in e-commerce provided that such companies would engage only in Business to Business (B2B) e-commerce. Further, an entity is permitted to undertake… Read More

Java settings for MCA Portal

The MCA21 portal requires specific Java settings on your desktop computer. Click here to view the step-by-step procedure to configure the settings before using the MCA21 services - login, upload of eforms, sign using DSC etc Read More

Changes in Foreign Investment Rules

During his last visit to Germany in April 2015, Hon. Prime Minister apprised the German companies that the regulatory regime in India is much more transparent, responsive and stable. Lots of efforts have been made and are still underway to improve the Ease of Doing business in the Country. Steps have been taken to open… Read More

Clarification with regard to companies (Accounting Standards) Amendment Rules, 2016

General Circular No. 04/2016 F. No.01/01/2009-CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhavan, Dr R.P. Road, New Delhi Dated: 27th April, 2016 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification with regard to Companies (Accounting Standards) Amendment Rules 2016 Sir, Stakeholders have sought clarifications with regard to… Read More

Section 396 of CA 2013 – Jurisdiction of the state of Telanganas

CLR Notes: Regional Director, Hyderabad given powers for the state of Telangana [To be published in the Official Gazette, Extra Ordinary Part-II, Section-3, sub-section(ii)] Ministry of Corporate Affairs Notification New Delhi, Dated: 26th April, 2016 S.O____In exercise of the powers conferred by sub-section(1) of section 396 of the Companies Act, 2013 (18 of 2013) (herein… Read More