(As also provided in the Companies (Amendment) Bill, 2019) (A) Re-categorising of offences: The list of offences which are re-categorised as defaults carrying civil liabilities which would be subject to an in-house adjudication mechanism, along with the pre-ordinance punishment in each case is as under: Punishment S. No. Section Nature of default Pre-Ordinance Post ordinance […]
All About Form No. BEN-2 To identify the real acting person behind the curtains As we all the aware that the Amendment to Section 89 and insertion of Section 90 are the key amendments made by the Companies (Amendment) Act, 2017 (‘Amendment Act’). Enforced w.e.f. June 14, 2018 and Companies (Significant Beneficial Owners) Rules, 2018 […]
Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 have been notified w.e.f 25th July 2019 EFORM DIR-3 KYC applicable in two cases: Case 1: Where the individual who holds DIN and is filing his KYC details for the first time Case 2: Where the individual DIN holder who has already filed his KYC […]
1. SEBI has revised Annual maintenance charges levied on Debt Securities held through Basic Services Demat Accounts from June 1. The move is expected to further boost participation of retail investors in the debt market. Basic Services Demat Account (BSDA) offers limited services at a lower cost for retail investors. SEBI has decided to revise the structure […]
MCA issues Clarification on filing e-form RD-1, whereby applications u/s 2(41) (change in a financial year) and u/s 14 of the Companies Act, 2013 (conversion of public limited company into private company), along with e-form RD-1 shall be processed by Regional Directors.
All about Significant Beneficial Ownership In order to bring more clarity and transparency MCA has notified the amendments to the Companies (Significant Beneficial Ownership) Rules, 2018 dated 08.02.2019 vide Companies (Significant Beneficial Owners) Amendment Rules, 2019. The amendments inter alia pertain to widening the definition and scope of “significant beneficial owner” to include direct and indirect ownership, […]
Who shall file MSME FORM I? All Companies who has outstanding dues to Micro or small enterprises more than 45 days from the date of acceptance or the date of deemed acceptance of the goods or services.
Now, e-Form INC.22A –ACTIVE (Active Company Tagging Identities and Verification is available on MCA21 Company Forms Download page w.e.f 25th February 2019. Applicable on: Every Company Incorporated on or before 31/12/2017. Restriction: any company which has not filed its due financial statements under section 137 or due annual returns under section 92 or both with the […]
DGFT Authorities have instructed all RA’s to upload all the Adjudication/Appellate Orders passed by them on the website of the respective Zones. Instances have come to the notice of DGFT where such Orders are not being regularly uploaded by the concerned Zonal offices. A need has been felt to have a system to have all such […]
The Securities and Exchange Board of India has issued circular for Relaxation from requirement to furnish a copy of PAN for transfer of equity shares of listed entities executed by non-residents vide circular dated Feb 11, 2019 . The provisions of Para (A) (1) of Schedule VII of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 provides that the […]
