Company Law India: Read latest Company law news & updates, acts, circular, notifications & articles issued by MCA amendment in companies Act 2013. Article on Loans Company formation XBRL, Schedule VI IFRS.
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In exercise of the powers conferred by sub-section (2) of section 4A of the Companies Act, 1956 (1 of l956), the Central Government hereby further to make amendment in the Notification of the Government of India, published in the Gazette of India, Part II, section 3, Sub-section (ii), dated the 13-5-1978 in the erstwhile Ministry of Law, Justice and Company Affairs (Department of Company Affairs) vide Number S.O. 1329, dated the 8-5-1978, namely :‑
Currently MCA21 payments are allowed via Credit Card, Internet Banking & Physical Challan. The Ministry has authorized 5 banks (Indian Bank, HDFC, ICICI, PNB and SBI) for collection of MCA21 fees, which means that only the account holders of these banks can avail Internet banking facility. Further, payment via challan can only be made in the authorized branches of these above five banks. Though this was a major improvement compared to the earlier manual system, it caused delays in incorporation of companies and processing of other eForms.
These rules may be called the Companies (Central Government’s) General Rules and Forms (Amendment) Rules 2011. (2) These rules shall come into force with effect from the 25th September, 2011. 2. In the Companies (Central Government’s) General Rules and Forms, 1956, for Form 5, the following Form shall be substituted, namely:-
In pursuance of sub-section (1) of section 621 of the Companies Act, 1956 (1 of 1956), the Central Government hereby authorise the following officers in the Serious Fraud Investigation Office, Ministry of Corporate Affairs, for the purposes of filing and conducting prosecution under the Companies Act, 1956, namely:- 1. Shri H.K. Pandey, Senior Assistant Director (Investigation) 2. Smt. Sunita Narula, Assistant Director (Investigation)
Companies (Amendment) Regulations, 2011 Dated- 22.09.2011- Registrar shall not keep any document pending for approval and registration or for taking on record or for rejection or otherwise for more than sixty days
The Court held that an order sanctioning a scheme under section 394 of the Companies Act falls within the description of the words ‘instrument’ and `conveyance’ within the meaning of the West Bengal Stamp Act, 1964. Accordingly, it is subject to stamp duty. The Court also observed that no property transferred pursuant to any scheme in the State of West Bengal would be effective unless appropriate stamp duty is paid. This ruling may be relevant in the States which do not have a specific clause for merger/demerger under sections 391-394 of the Companies Act, 1956 in the conveyance entry in the Stamp duty schedule.
related to Compliance of the provisions of Companies Act, 1956 and Rules made thereunder effective from 25th September, 2011
International companies are answerable to Indian consumer courts for service deficiency, the Supreme Court has ruled, upholding the apex consumer forum’s direction to a Lebanese international courier company to pay 71,615.75 US dollars compensation to a Mumbai-based firm. A bench of justices G S Singhvi and H L Dattu said in a judgement that consumers within the definition of the Consumers Protection Act(CP) can avail remedy for deficiency in service from both consumer fora and regular courts.
Provided further that service of an order on a foreign party resident outside India shall be deemed to be sufficiently served if a copy thereof is delivered or tendered or sent by post at the last known address of such party’s authorised representative(s) resident in India, where he appears by such representative(s)
In exercise of the powers conferred by sub-sections (1) and (2) of section 620A of the Companies Act, 1956 (1 of 1956), the Central Government hereby directs that in Schedule-I annexed to the notification number GS.R. 978, dated the 28-5-1963, after serial number 368 and the entries relating thereto, the following serial numbers and entries shall be added,
