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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directed to forward herewith a copy of the Notifications published in the Gazette of India for your information and necessary action
G.S.R.923(E). – In exercise of the powers conferred by proviso to sub-section (1) of section 79A of the Companies Act, 1956 (1 of 1956) read with sub-section (1) of section 642 of the said Act, the Central Government hereby makes the following rules, namely
In exercise of the powers conferred by sub-section (1A) of section 81 of the Companies Act, 1956 read with section 642 of the said Act, the Central Government
It is further clarified that companies incorporated after the Companies (Amendment) Act, 2000, who have not contributed toward the paid-up capital as per the requirements of Section 3 (1)(iii) and 3 (1)(iv) can also avail Simplified Exit Scheme if other requirements are fulfilled.
However, accounts in respect of financial years ending on 1st January, 2004 or thereafter, will have to strictly follow CARO, 2003. Companies and professionals who do not comply with the Order will be liable for action as per law.
Exclusion of Government companies from the purview of Section 274(1)(g) of the Companies Act, 1956.
The Companies (Appointment and Qualifications of Secretary) (Amendment) Rules, 2003 – Appointment on population basis.
In exercise of the powers conferred by clause (b) of sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules to carry out the purpose of clause (g) of sub-section (1) of section 274 of the said Act,
In exercise of the powers conferred by clause (a) of sub-section (1) of section 620 of the Companies Act, 1956 (1 of 1956), the Central Government hereby directs that clause (g) of sub-section (1) of section 274 of the said Act shall not apply to a Government company, a copy of this notification having been laid in draft before both Houses of Parliament as required by sub-section (2) of section 620 of the said Act.
In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 642 read with section 383A of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Companies.
