Company Law - Corporate Law Reporter

Notice inviting comments on the Draft Companies(Indian Accounting Standards) amendment rules 2016

GOVERNMENT OF INDIA Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (INDIAN ACCOUNTING STANDARDS) AMENDMENT RULES 2016 Dated the 16th February, 2016 1. The draft Companies (Indian Accounting Standards) Amendment Rules, 2016 has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above draft.… Read More

Notice inviting comments on the Draft Companies(Accounting Standards) amendment rules 2016

GOVERNMENT OF INDIA Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (ACCOUNTING STANDARDS) AMENDMENT RULES 2016 Dated the 16th February, 2016 1. The draft Companies (Accounting Standards) Amendment Rules, 2016 has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above draft. 3. Suggestions/comments… Read More

Suggestions invited on proposed amendments to Secretarial Standard on General Meetings (SS-2) by ICSI

The Institute of Company Secretaries of India has issued Suggestions invited on proposed amendments to Secretarial Standard on General Meetings (SS-2) by ICSI. To Download complete, please click on link below: Suggestions invited on proposed amendments to Secretarial Standard on General Meetings (SS-2) by ICSI Read More

Revised Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013 released by Auditing and Assurance Standards Board

The Council of the Institute of Chartered Accountants of India at its 350th meeting held on February 10, 2016 approved the Revised Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013. To know more, please click on the link below: Revised Guidance Note on Reporting on Fraud under Section 143(12)… Read More

MCA to improve ease of doing business, to introduce Business Identification Number (BIN) for Companies

The Department of Industrial Policy and Promotion(DIPP) is discussing the matter to improve ease of doing business with the Ministry of Corporate Affairs and the government will soon introduce Business Identification Number (BIN) for companies, doing away with multiple registration numbers a single entity needs to obtain for various regulatory purposes. The BIN would act as an identification… Read More

Applicability of revised CARO, 2016 as per draft Companies (Auditor’s Report) Order, 2016.

Applicability of revised CARO, 2016 as per draft: This Order may be called the Companies (Auditor's Report) Order, 2016. (2) It shall apply to every company including a foreign company as defined in clause (42) of section 2 of the Companies Act, 2013 (18 of 2013) [hereinafter referred to as the Companies Act], except:– (i)… Read More

Notice for Non- compliance with Sec 148 of the Companies Act, 2013

MCA has started issuing notices to the companies which did not comply with section 148 of Companies Act 2013 relating to cost records and cost audit. An extract of such notice is given hereunder Sub: - Notice for Non- compliance with Sec 148 of the Companies Act, 2013 This is with reference to the Form AOC-4… Read More

Version of Form 8 LLP is likely to be modified w.e.f 13th Feb 2016

Version of Form 8 LLP is likely to be modified w.e.f 13th Feb 2016. All Stakeholders are requested to plan accordingly. Read More

ONE PERSON COMPANY: A concept of modern age

Not old in some countries but new in India, One person company(OPC) is a form of business, introduced by Companies act, 2013 (no. 18 of 2013), was first recommended by the expert committee of Dr. JJ Irani in 2005, enabling sole proprietors to enter into corporate world. It is like forming a company with the… Read More

Notice Inviting Comments on the Draft Companies (Auditor’s Report) Order, 2016

GOVERNMENT OF INDIA Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (AUDITOR’S REPORT) ORDER, 20216 Dated the 9th February, 2016 The Ministry had set-up a Committee on 16th September, 2015 to examine and recommend matter for inclusion in the statement to be attached with Auditor’s Report under Section 143(11) of the Companies… Read More

Notice inviting comments on the revised schedule III to the Companies Act, 2013 for a company whose financial statements are drawn up in compliance of companies (Indian Accounting Standards) rules 2015 and as amended from time to time

GOVERNMENT OF INDIA Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE REVISED SCHEDULE III TO THE COMPANIES ACT, 2013 FOR A COMPANY WHOSE FINANCIAL STATEMENTS ARE DRAWN UP IN COMPLIANCE OF COMPANIES (INDIAN ACCOUNTING STANDARDS) RULES 2015 AND AS AMENDED FROM TIME TO TIME Dated the 9th February, 2016 1. The draft revised Schedule… Read More

Version of Form 4 LLP is modified w.e.f 10th Feb 2016

The Ministry of Corporate Affairs has issued Version of Form 4 LLP which is modified with effective from 10th Feb 2016. All Stakeholders are requested to plan accordingly. Read More

Report of the Companies Law Committee dated 1st February, 2016

CLR Notes: The Companies Law Committee has presented its report to make recommendations to the Government on issues arising from the implementation of the Companies Act, 2013 as well as on the recommendations received from Bankruptcy Law Reforms Committee, the High Level Committee on CSR, the Law Commission and other agencies. The report is divided… Read More