We are aware of the destruction that the Coronavirus / COVID – 19 has caused to the global economy. Day to day lives of Humans around the globe has changed by 360 degrees. The pandemic challenges the Board of Directors to safely travel and to conduct meetings during these times. April – September are the […]
Online Proficiency Assessment Test For Independent Directors Under Companies Act, 2013 The Ministry of Corporate Affairs with intent to foster the growth of Corporate Governance across the Boards has introduced slew of amendments in the Companies Act, 2013 and rules made there under by introducing the much awaited proficiency examinations for the Independent Directors (ID) […]
The NFRA rules, 2018 have been made applicable since 13.11.2018 by the MCA with intent to tap financial scams that the nation witnessed and to have a control over the workings of the Auditors. NFRA is an independent authority to control over the auditors and has been given a wide range of powers to monitor […]
Background: With intent to e-verify the presence of registered offices of the Companies the MCA has come up with an amendment to the Companies Act, 2013.The MCA vide its Notification dated 22.02.2019, inserted a new Rule, i.e. Rule 25A after Rule 25 in the Companies (Incorporation) Rule, 2014. The new rule desires that the Companies […]
After a play of hide and seek for nearly 6 months the Significant Beneficial Owners (SBO) Rules makes a comeback. The MCA vide its notification dated 08.02.2019 has revised the SBO rules vide Companies (Significant Beneficial Owners) Amendment Rules, 2019. The Rules will be effective from date of their publication in the Gazattee of India. […]
The MCA vide its notification dated 10th September, 2018 has notified the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018. The notification provides that Every Unlisted Public Company shall have to issue the SECURITIES only in dematerialized form and facilitate dematerialization of all its existing securities. The Changes have been made by the […]
Companies (Appointment and Qualification of Directors) fourth Amendment Rules, 2018 require that EVERY PERSON HOLDING DIN MUST GET HIS KYC UPDATED WITH THE MINISTRY OF CORPORATE AFFAIRS WITH IN DUE DATES PROVIDED IN THE RULES.