Roll out plan of various forms under the Companies Act, 2013 and continuance of forms under the provisions of Companies Act, 1956
General Circular No. 06/2014 Roll out plan of various forms under the Companies Act, 2013 and continuance of forms under the provisions of Companies Act, 1956 The Ministry of Corporate Affairs has notified 183 additional sections in addition to 99 sections earlier notified under the provisions of Companies Act, 2013. In this regard a Notification… Read More
Dissemination of Information with regards to provisions of the Companies Act,2013
General Circular No. 07/2014 Dissemination of Information with regards to provisions of the Companies Act,2013 as notified till date vis-a-vis the corresponding provisions of Companies Act, 1956 The Ministry had notified 99 sections on 12.09.2013 and 183 sections of the Companies Act, 2013 were notified w.e.f. 01.04.2013. Certain corresponding sections and parts of certain sections… Read More
Rules under Companies Act 2013 Notified for 10 Chapters
The Rules under Companies Act 2013 have been notified and are available for quick download at the links below: The list of notified rules is given below: Chapter I-Companies (Specification of definition details) Rules 2014 Chapter II- Companies (Incorporation) Rules 2014 Chapter III- Companies (Prospectus and allotment of securities) Rules 2014 Chapter IV- Companies (Share… Read More
ISSUE OF BONUS SHARES-COMPANIES ACT, 2013
There was no specific section under the Companies Act, 1956 dealing with Bonus Shares. Companies were following the norms prescribed by the Controller of Capital issues. Once SEBI came into existence and controller of Capital issues were abolished, unlisted Private Limited Companies and Public Limited Companies were free to issue Bonus Shares if there were… Read More
MCA notifies a majority of sections of Companies Act, 2013 from 1st April, 2014
The Ministry of Corporate Affairs has notified a majority of sections of Companies Act, 2013 from 1st April, 2014. The notification is attached herewith. Read More
RBI Offices to function as usual on April 01, 2014
All offices of the Reserve Bank of India situated in Mumbai and Navi Mumbai will remain open for public transactions on Tuesday, April 01, 2014. Ajit Prasad Assistant General Manager Press Release: 2013-2014/1887 Read More
One Person Company and its limited liability
Introduction. The ˜One Person Company™ is a very new concept introduced by the Companies Act 2013. Section 2(62) of the Companies Act 2013 defines ˜One Person Company™. Though the meaning of the term can be determine by the name itself that it consists of one member only. OPC provides a whole new bracket of opportunities… Read More
MCA Clarification with regard to section 180 of the Companies Act, 2013
General Circular no. 04 /2014 No. I/32/20I3- CL V (ft. File) Government of India Ministry of Corporate Affairs 5m Floor, 'A'Wing, Shastri Bhavan, Dr. R P Road, New Delhi-l10001. Dated:25/03/2014 To All Regional Directors, All Registrar of Companies, All the Stakeholders, Subject: Clarification with regard to section 180 of the Companies Act, 2013. Sir, This… Read More
Important Notice by MCA – Steps initiated for Migration to Companies Act, 2013
IMPORTANT NOTICE by Ministry of Corporate Affairs (Source: MCA) All forms under RSUB/PUCL would be marked back to respective officials of the ROC/RD/Central Government as the case may be starting midnight 25 Mar 14. The forms would be processed by the respective officials. However, Form FTE, Form EES2010, Form EES2011, Refund Form, Investor Complaint Form… Read More
Incorporation of Private Limited Company under Companies Act 2013
WHAT DOES THE ACT SAY REGARDING PRE INCORPORATION AND POST INCORPORATION? PRE INCORPORATION Q: Who shall a form a Private Limited Company? A: Two are more persons can form a Private Limited Company to conduct any lawful business {Section 3(1)} Q: What are the various methods of forming a Private Limited Company? A: There are… Read More
Transforming Credit Information into Action: Issues and Challenges
Transforming Credit Information into Action: Issues and Challenges - Keynote address by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India at the Sixth Annual Credit Information Conference organized by CIBIL in Mumbai on March 20, 2014 Shri M.V.Nair, Chairman, CIBIL; Shri R.V.Verma, CMD, National Housing Bank; Shri M.V.Tanksale, Chief Executive, Indian Banks' Association; Shri… Read More
Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy
RBI/2013-14/528 DNBS (PD) CC.No.371/03.05.02/2013-14 March 21, 2014 All NBFCs Dear Sirs, Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy Please refer to the Framework for Revitalising Distressed Assets in the Economy (Framework) issued by the Reserve Bank on January 30, 2014.… Read More
RBI to release Macroeconomic and Monetary Developments 2014-15 on April 1, 2014 at 11.00 a.m.
The Reserve Bank of India will release its ˜Macroeconomic and Monetary Developments 2014-15 (An Update)' on Tuesday, April 1, 2014 at 11.00 a.m. along with its First Bi-monthly Monetary Policy Statement 2014-15. Alpana Killawala Principal Chief General Manager Press Release: 2013-2014/1866 Read More
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