Shifting of Registered office W. E. F 06.03.2019 Rule 30(5) the word ‘with the widest circulation‘, the words ‘with wide circulation‘ is substituted. Revised Rule read as The company shall, not more than thirty days before the date of filing the application in Form No. INC.23 – (a) Advertise in the Form No.INC.26 in the vernacular newspaper […]
Mandatory Active Company Tagging Identities and Verification (ACTIVE) as per newly inserted rules 25A in Companies (Incorporation) Rules, 2014 vide Companies (Incorporation) Amendment Rules, 2019 for companies incorporated on or before 31st December 2017. What the rule 25A says:- 1. Every company incorporated on or before the 31st December, 2017 shall file the particulars of the […]
The Ministry of Corporate Affairs notified Companies (Significant Beneficial Ownership) Amendment Rules 2019, to amend the Significant Beneficial Ownership Rules 2018 notified last June. The Rules aim to look-through corporate layers to reveal individual shareholders that ultimately derive economic benefits from and/or control a corporate entity in India. The amendment introduces Rule 2(h) which seeks […]
While the global economy is battling with strong headwinds, India’s economy is seeing a robust growth and is on the path to emerge out as one of the fastest growing economies in the world. The Finance minister Mr. Piyush Goyal has presented the Interim Budget 2019-20. This write-up provides an overview of key announcements and […]
Let’s have a Bird eye view on some 3 latest amendments of Companies Act, 2013 made vide Companies (Prospectus and Allotment of Securities) Amendments Rules, 2019, Companies (Acceptance of Deposits) Amendments Rules, 2019 and Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019. A) Companies (Prospectus and Allotment of […]
Mergers and acquisitions are used for improving the competitiveness of companies and gaining an advantage over other firms by gaining greater market share, broadening the portfolio to reduce business risk, entering new markets and geographic spread, and capitalizing on economies of scale.
EFFECTIVE DATE – Secretarial Standard 4 on Report of Board Of Directors shall come into effect from 1st October, 2018. This Standard is issued by the Council of the Institute of Company Secretaries of India and may be called the Secretarial Standard-4 (SS-4) on ‘Report of the Board of Directors’. The Secretarial Standards integrate, harmonise and […]
MCA is conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC. Important points to be noted: 1. Every Director who has been allotted DIN on or before 31st march, 2018 and whose DIN status is ‘Approved’. 2. Due date of filing of DIR-3KYC is on or before 31st August, […]
The Reserve Bank of India (RBI’), with the objective of integrating the various reporting structures of foreign investment in India, has introduced a Single Master Form (SMF). The SMF would be required to be filed online and would provide a facility for reporting total foreign investment in an Indian entity.
Every Financial Institution regulated by Department of Non-Banking Supervision is required to get itself registered under FIU-IND (Financial Intelligence Unit-India). Registering yourself from Reporting entity to Principal Officer and even after there are some other compliances which needs to be complied by every NBFC.
