Company Law - Corporate Law Reporter

Ease of Doing Business

The Ministry of Corporate Affairs has taken a number of measures to improve doing business environment in the Country. To facilitate ease of doing business, the Ministry of Corporate Affairs has introduced an integrated INC-29 form for incorporation of companies, omitted requirement for minimum paid up capital, made mandatory common seal for companies optional and… Read More

Guidance Note on the Companies (Auditor’s Report) Order, 2016

The Ministry of Corporate Affairs has issued the Companies (Auditor’s Report) Order, 2016 (CARO 2016) which is applicable for audits of financial statements for periods beginning on or after April 1, 2015. The CARO 2016 contains several new reporting requirements which were not there in the earlier Orders i.e, CARO 2003 and CARO 2015. An… Read More

New Version of Forms INC-1, INC-7, DIR-3, MGT-6, FC-4 available on MCA21

Forms INC-1, INC-7, DIR-3, MGT-6, FC-4 were recently updated on MCA21 Company Forms page. Stakeholders are requested to check the latest version before filing. Read More

New Version of LLP Forms 3, 4, 8 and 15 available on MCA21

Version of LLP Forms 3, 4, 8 and 15 are likely to be modified w.e.f 24th March 2016. All Stakeholders are requested to plan accordingly Read More

Notice – inviting public comments on the draft amendments in the Chartered Accountants Regulations, 1988

21st April, 2016 Sub: Notification - inviting public comments on the draft amendments in the Chartered Accountants Regulations, 1988 arising out of Revised Scheme of Education and Training. The Central Government has accorded its in-principle approval to the draft amendments in the Chartered Accountants Regulations, 1988 arising out of the Revised Scheme of Education and… Read More

Relaxation of additional fee for filing e-forms

The relaxation of additional fee waiver vide General Circular No.03/2016 dated 12th April 2016 has been implemented in MCA21 system w.e.f. 21st April 2016. Users may kindly plan their filings accordingly. Read More

New versions of forms AOC-4, INC-27 and MGT-7 available on MCA21

Forms AOC-4, INC-27 and MGT-7 have been recently updated on MCA21 Company Forms page. Stakeholders are advised to check the latest version before filing Read More

Accounting Treatment of Enhanced Provision of Pension Scheme

Ref:IRDA/F&A/CIR/ACTS/077/04/2016 Date:18-04-2016 Accounting Treatment of Enhanced Provision of Pension Scheme The pay revision of the officers and employees has been carried out by the Public Sector General Insurance Companies in the year 2015-16 consequent upon the Gazette Notification dated 23.01.2016 issued by the Ministry of Finance. By virtue of the Gazette Notification no. 233(E), 234(E)… Read More

Amendments in the Compensatory Afforestation Fund Bill, 2015

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today gave its approval to move official amendments in the Compensatory Afforestation Fund Bill, 2015. The legislation will ensure expeditious utilization of accumulated unspent amounts available with the ad hoc Compensatory Afforestation Fund Management and Planning Authority (CAMPA), which presently is of the order… Read More

MCA notifies new versions of forms DIR-3, FC-1, INC-28, SH-7

Forms DIR-3, FC-1, INC-28, SH-7 have been recently updated on MCA21 Company Forms page. Stakeholders are advised to check the latest version before filing. Read More

Cost Accounting Standards Board (CASB) releases Exposure Draft of Guidance Note on ‘Treatment of Costs Relating to Corporate Social Responsibility (CSR) Activities ‘

19th April 2016 Cost Accounting Standards Board (CASB), the standard-setting body of the Institute, has approved the release of Exposure Draft of Guidance Note on ‘Treatment of Costs Relating to Corporate Social Responsibility (CSR) Activities’ in its 82nd meeting held on 16th March 2016. The exposure draft is hosted on the Institutes website for… Read More

MCA notifies new versions of e-forms DIR-3 and DIR-6

Ministry of Corporate Affairs has notified new versions of e-forms DIR-3 (Application for allotment of Director Identification Number) DIR-6 (Intimation of change in particulars of Director to be given to the Central Government). Stakeholders are advised to download the latest version before filing. Only new version of the e-form will be acceptable. Form - wise… Read More

MCA released 8 FAQs on various Forms

Stakeholders are requested to make note of the following common queries. Stakeholders are also requested not to raise duplicate Helpdesk tickets. 1. Which eforms can I file as attachments with GNL-2? Annual filing eforms under the Companies Act, 1956 viz. 23AC/ACA, 23AC/ACA-XBRL, 20-B, 21-A, Form 66, I-XBRL, A-XBRL, 23B, 23C and 23D would be made… Read More