Company Law news

Withdrawal of FAQs on Revised Schedule VI to Companies Act, 1956

CL&CGC/ 20/ 2017-2018 (25/04/2017)

ICAI withdraws Frequently Asked Questions on the Revised Schedule VI to the Companies Act, 1956 as issued by the Corporate Laws & Corporate Governance Committee in May, 2012....

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Posted Under: Company Law |

Exposure Draft of Guidance Note on Division II- Ind AS Schedule III

Request to give comments/ suggestions on the Exposure Draft of the Guidance Note on Division II- Ind AS Schedule III to the Companies Act 2013 by 30th April, 2017...

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Posted Under: Company Law |

Notices for non-compliance with Section 148 / 233B of Companies Act, 2013- Reg.

Few Hon'ble Members of the Institute informed that they and their client companies have received letters/notices from the Courts and/or from the Cost Audit Branch or Registrar of Companies, Ministry of Corporate Affairs. These relate to purported non‐compliance with the provisions of Section 148 of the Companies Act, 2013...

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Posted Under: Company Law |

Soon Aadhaar Integration will be must for MCA21 Services

MCA is actively considering Aadhaar Integration for availing various MCA21 related services. As a preparatory step, all individual stakeholders viz. DIN holders/Directors/Key Managerial Personnel/Professionals of the Institute of Company Secretaries of India-Institute of Chartered Accountants of India-Institute of Cost Accountants of Indi...

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Posted Under: Company Law |

ROC notice to more than 2 Lakh Companies for Strike off of Name

Registrar of Companies has issued notices to more than 2 Lakh Companies all over India who have not commenced business within one year of their incorporation or who have not been carrying on any business or operation for a period of two immediately preceding financial years and have not made any application within such period […]...

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MCA releases Induction material corrected up to 31.03.2017

The Department of Company Affairs was first constituted in 1950s. It remained either a Department or a part of Ministry of Law, Ministry of Finance or Ministry of Commerce till 2004. It became a Ministry in 2004 and acquired its present name in May 2007...

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Posted Under: Company Law |

Cabinet approves moving of Companies (Amendment) Bill, 2016

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to move official amendments to the Companies (Amendment) Bill, 2016. The Bill will be introduced in the Parliament. ...

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Law Commission suggests amendment in laws to Curb Hate Speech

Law Commission suggests amendments to the Indian Penal Code, 1860 and the Code of Criminal Procedure, 1973 by adding new provisions on Prohibiting incitement to hatred' following section 153B IPC and 'Causing fear, alarm, or provocation of violence in certain cases' following section 505 IPC, and accordingly amending the First Schedule of...

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Posted Under: Company Law |

75% listed companies have appointed Women Directors

Ministry of Corporate Affairs has informed that as per second proviso to sub-section (1) of section 149 of the Companies Act, 2013 provide that prescribed class of companies shall have at least one women director. ...

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Posted Under: Company Law |

Show cause notices to 1018 companies for violation of CSR norms

Show cause notices have been issued to 1018 companies for 2014-15 for violation of Section 135 read with Section 134(3) (o) of the Companies Act, 2013....

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