Company Law - Corporate Law Reporter

Clarification with regard to holding of shares in a fiduciary capacity by associate company under section 2(6) of the Companies Act, 2013.

General Circular no. 24/2014 F. No: 01/13/2013 -CL-V Government of India Ministry of Corporate Affairs `A' Wing, 5th Floor, Shastri Bhawan Dr. Rajendra Prasad Road, New Delhi-110001 Date: 25.06.2014 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification with regard to holding of shares in a fiduciary capacity by associate company under… Read More

Clarification relating to incorporation of a company w.r.t. 4(7) of Companies Act, 1956

General Circular no. 23/2014 F. N: 1/13/2013 -CL-V Government of India Ministry of Corporate Affairs `A' Wing, 5th Floor, Shastri Bhawan Dr. R.P. Road, New Delhi-110001 Date: 25.06.2014 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification relating to incorporation of a company i.e. company Incorporated outside India. Sir, Government has received… Read More

Clarification with regard to format of annual return applicable for Financial Year 2013-14 and fees to be charged by companies for allowing inspection of records

General Circular No. 2212014 No. 1/34/2013-CL-V (Part-I) Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhavan, Dr R.P. Road, New Delhi. Dated: 25th June, 2014 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification with regard to format of annual return applicable for Financial Year 2013-14 and fees… Read More

Exemptions for Private Companies under Companies Act, 2013

The Ministry of Corporate Affairs has issued a draft notification which is being placed before both the Houses of Parliament to provide privileges and exemptions to Private Companies and to receive public comments till 1st July, 2014 in exercise of the powers conferred by subsection (2) of section 462 of the Companies Act, 2013, namely:… Read More

Official liquidator (OL) at Hyderabad to act for Telangana

The Ministry of Corporate Affairs has issued a notification dated 13th June, 2014 No. S.O. 1524(E) which declares and establish the office of the Official Liquidator at Hyderabad to have territorial jurisdiction for the purposes of discharging the functions of Official Liquidator in the whole State of Telengana. The notification containing the above details can be accessed… Read More

Pre-certification of e-Forms under Companies Act, 2013

Ministry of Corporate Affairs Notification The Ministry of Corporate Affairs issued a notification to amend the Companies (Registration offices and fees) Rules, 2014 wherein certain rules have been inserted to provide for mandatory certification in the case of certain e-Forms required to be filed under the Companies Act, 2013 except for in the case of One… Read More

ROC Hyderabad to act for the State of Telangana

Ministry of Corporate Affairs Notification S.O. 1525(E).- In exercise of powers conferred by sub-section (1) and sub-section (2) of Section 396 of the Companies Act, 2013 (18 of 2013), the Central Government hereby establish the office of the Registrar of Companies at Hyderabad having territorial jurisdiction in the whole State of Telengana for discharging the… Read More

Confusion over deferment of eVoting for FY 2014-15 for Listed Companies

MCA had issued General Circular No. 20/2014. Clarification with regard to voting through electronic means on 17th June, 2014. As per General Circular No. 20/2014 dated 17/06/2014 the Ministry of Corporate Affairs (MCA) deferred the date of implementation of the the provisions related to e-voting to 31st December, 2014. As per Section 108 of the Companies Act,… Read More

CSR eligibility to be reckoned from previous 3 financial years

A query was being raised in the industry whether for calculating the eligibility limits for CSR, Financials for FY 2013-14 are to taken into account or financials tor FY 2014-15 into account. Please see the below circular issued by MCA, which clarifies that: (v). "Any financial year" referred under Sub-Section (1) of Section 135 of… Read More

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

Ministry of Corporate Affairs has issued a clarification under Section 135 of the Companies Act, 2013 with respect to the CSR spends by Companies in FY 2014-15 and beyond. The circular can be accessed at the link below. General Circular No. 21/2014. Clarifications with regard to provisions of Corporate Social Responsibility under section 135 of… Read More

E-Voting provisions deferred till 31st Dec, 2014

As per General Circular No. 20/2014 dated 17/06/2014 the Ministry of Corporate Affairs (MCA) has deferred the date of implementation of the the provisions related to e-voting to 31st December, 2014. As per Section 108 of the Companies Act, 2013 read with rule 20 of the Companies (Management and Administration) Rules, 2014 deal with the… Read More

The Companies (Meetings and Powers of Board) Amendment Rules, 2014 dated 12th June, 2014

The Companies (Meetings and Powers of Board) Amendment Rules, 2014 dated 12th June, 2014 can be downloaded by clicking at the link above. Read More

Circular No. 15-19/ 2014 issued by MCA

Circular General Circular No. 19/2014 12/06/2014 Clarification on Rules prescribed under the Companies Act, 2013- Matters relating to share capital and debentures General Circular No. 18/2014 11/06/2014 Clarification for filing of form No. INC-27 for conversion of company from public to private under the provisions of Companies Act, 2013 General Circular No. 17/2014 11/06/2014 Filing… Read More