Company Law notification

Monthly Summary of MCA for the month of July, 2017

No. I-27011/2/2017-Coord (14/08/2017)

A circular was issued to clarify that exemption from section 143(3)(i) of Companies Act, 2013 [reporting on internal financial controls by auditors in their audit reports] given through notification dated 13th June, 2017 shall be applicable for those audit reports in respect of financial statements...

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National Institutes of Technology, Science Education and Research (Amendment) Act, 2017

No. 19 of 2017 (04/08/2017)

1. Short title and commencement.:- (1) This Act may be called the National Institutes of Technology, Science Education and Research (Amendment) Act, 2017. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint....

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Companies (Incorporation) Second Amendment Rules, 2017

Notification No. F. No. 1/13/2013 CL-V (27/07/2017)

28. Shifting of registered office within the same State.- (1) An application seeking confirmation from the Regional Director for shifting the registered office within the same State from the jurisdiction of one Registrar of Companies to the jurisdiction of another Registrar of Companies, shall he filed by the company with the Regional Dir...

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Reg. Private company exemption from internal financial control reporting

General Circular No. 08/2017 (25/07/2017)

Stakeholders have drawn attention of this Ministry to the serial no. 5 of notification No. G.S.R. 583(E) dated 13th June, 2017 which states that requirements of reporting under section 143(3)(i) of the Companies Act, 2013 shall not apply to certain private companies as mentioned therein and have sought clarification w.r.t. the financial y...

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MCA constitutes 2 two Committee to review 10 year old and above cases

No. 16/37/2017 -Legal (25/07/2017)

Constitution of two Review Committee (s) for reviewing the 10 year old and above cases of different regions and in office of SFIO for withdrawal of prosecution. The Committees would review and recommend the details of cases in which prosecutions are required to be withdrawn including the reports submitted by the Regional Director (s)...

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Summary of MCA Notifications issued during June 2017

No. I-27011/2/2017-Coord.

Three notifications under section 462 of the Companies Act, 2013[CA-13] have been issued after laying of such notifications in draft form before both houses of These notifications provide exemptions from the provisions of the CA-13 to respective companies (viz. Private companies, Government companies and charitable companies) as per recom...

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Companies (Meetings of Board and its Powers) Second Amendment Rules 2017

F. No.1/32/2013-CL-V-Part (13/07/2017)

(e) Any director who intends to participate in the meeting through electronic mode may intimate about such participation at the beginning of the calendar year and such declaration shall be valid for one year :...

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National Company Law Tribunal (Amendment) Rules, 2017

G.S.R. ___ (E) (05/07/2017)

"87A. Appeal or application under sub-section (1) and sub-section (3) of section 252. - (1) An appeal under sub-section (1) or an application under sub-section (3) of section 252, may be filed before the Tribunal in Form No. NCLT. 9, with such modifications as may be necessary....

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Companies (Appointment and Qualification of Directors) Amendment Rules, 2017

G.S.R.-(E). (05/07/2017)

Central Government hereby makes the following rules further to amend the Companies (Appointment and Qualification of Directors) Rules, 2014, namely: - 1. (1) These rules may be called the Companies (Appointment and Qualification of Directors) Amendment Rules, 2017....

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Amendment in Sch. IV of Companies Act 2013

G.S.R. 584 (E) (05/07/2017)

Central Government hereby makes the following amendments to Schedule IV of the said Act, namely:- 2. In the Companies Act, 2013, in Schedule IV, -(i) in paragraph III, in sub-para (12), for the words acting within his authority, the words act within their authority shall be substituted;...

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