Corporate Law Reporter - The Daily Journal

Webinar on Form DPT-3

Dear Professional Colleague: As you are aware, every company which has accepted monies considered as “Exempted Deposits” needs to file a one-time return in Form DPT-3 by 29th May, 2019 for reporting such Exempted Deposits accepted between 1st Apr, 2014 to 31st March, 2019. Similarly, all Companies which have accepted monies considered as Deposits or… Read More

Incorporation of Section 8 Companies through SPICe

MCA by Companies (Incorporation) 6th Amendment Rules, 2019 dated 7th June, 2019 has amended the incorporation rules for incorporation of Section 8 Companies. The rules will be effective from 15th August, 2019. As per the amended rules, application for incorporation of Section 8 Company along with application for license for such Company will now be submitted… Read More

FAQs on MSME Form 1 by eMinds Legal

eMinds Legal (a leading Corporate Law Firm) in association with Complinity (one of the top 3 Compliance Software Companies in India) have compiled FAQs on MSME Form 1 where lot of practical issues and grey areas are discussed. Download the FAQs at the link below FAQs-MSME Form I- CLR Online Supplement No.1_8th June, 2019 Background As… Read More

eMinds Legal releases Corporate Law Referencer, 5th Edition, 2019-20

eMinds Legal releases the 5th Anniversary Edition of it’s Bestselling Book on Companies Act, 2013 titled CORPORATE LAW REFERENCER (updated upto 30th April, 19) Author: Sumit Pahwa, eMinds Legal Here’s how CLR is Different: Section is the King - All Circulars, Orders, Rules and Notifications (CORN) including Procedures, FAQs and Judicial Precedents have been placed… Read More

CBDT extends due date for filing of Form 24Q

With a view to redress genuine hardship of deductors in timely filing of TDS statement in Form 24Q on account of revision of its format and consequent updating of the File Validation Utility for its online filing, CBDT has ordered the following: (i) Extended the due date of filing of TDS statement in Form 24Q… Read More

No further extension for filing Form ACTIVE

MCA advises to the stakeholders that no further extension for filing Form ACTIVE(INC-22A) would be provided. The last date to file such form is 15th June 2019. In case ACTIVE is not filed on or before the said date, the compliance status for such companies shall be marked as ‘ACTIVE Non-compliant’ and Directors of such ‘ACTIVE… Read More

SEBI: Enhanced disclosure in case of listed debt securities

SEBI vide its circular SEBI/HO/MIRSD/DOS3/CIR/P/2019/68 dated 27th May, 2019, in order to secure investor's interest and enhance transparency, has issued following guidelines for amendment to existing regulatory framework for Debenture Trustees (DT): DTs shall disclose the nature of compensation arrangement with its clients on their websites DTs shall display on their website the ISIN wise details… Read More

ICSI releases Guidance Note on the Report of the Board of Directors

ICSI releases a Guidance Note on the Report of the Board of Directors which sets out the explanations, procedures and practical aspects in respect of the provisions contained in "Secretarial Standard on Report of the Board of Directors" (SS-4) to facilitate compliance thereof by the stakeholders. The SS-4 on Board's report formulated by the Secretarial Standards Board (SSB)… Read More

MCA notifies Procedure for conducting meetings of NFRA

MCA vide Notification dated 22nd May, 2019 introduces National Financial Reporting Authority (Meeting for Transaction of Business) Rules, 2019 through which it notifies the procedure for conducting the meetings for transaction of business by National Financial Reporting Authority. The complete content of the aforesaid notification is attached herewith: Rules1_23052019_NFRA Read More

MCA notifies Form PAS-6 for Share Capital Audit Report

MCA vide Notification dated 22th May, 2019 substituted following sub-rules in Rule 9A of Companies (Prospectus and Allotment of securities) Rules,2014 and prescribed PAS-6 for Share Capital Audit Report w.e.f 30th September,2019: Under Sub-rule 8, it notifies that every unlisted public company shall submit Form PAS-6 to the Registrar with prescribed fee within 60 days from… Read More

Default in filing of e-Form ACTIVE: DIN of Directors to be marked as “Director of ACTIVE non-compliant company”

MCA vide notification no. G.S.R. 368(E) dated 16th May, 2019 has introduced a new rule “Rule 12B of Companies (Appointment and Qualification of Directors)Rules, 2014: Directors of company required to file e-Form ACTIVE”, which provides that where a company is required to file e-Form INC-22A (ACTIVE) under Rule 25A of the Companies (Incorporation) Rules, 2014,… Read More

MCA News regarding filing of ADT-1 without fees in certain cases.

Based on feedback received from stakeholders who were unable to file e-form ACTIVE as they had filed ADT-1 forms for appointment of auditors for the period from 2014-15 to 2018-19 as an attachment with GNL-2 e-form during the period from 01/04/2014 to 20/10/2014 (due to non-availability of e-form ADT-1 during that period), it has now… Read More

Webinar on MSME Form 1on 16th May,19 – FAQs, Grey Areas and Practical issues

eMinds Legal ( a leading Corporate Law Firm) in association with Complinity (one of the top 3 Compliance Software Companies in India) is organising a Webinar on FAQs, Grey Areas and Practical issues in filing Form MSME 1 with MCA as per details below: Date: 16th May, 2019 (Thursday) Time: 4:00 pm – 5:00 pm Register… Read More