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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The Government recognises the importance of financial reporting in providing essential financial information about the company to its shareholders and other stakeholders, as an integral and important part of good corporate governance. Such information needs to be reliable, free from bias and should enable comparison on the basis of common benchmarks. This, in turn, necessitates an appropriate, financial reporting system in the form of accounting standards that incorporate sound accounting principles and reflect a true picture of the financial health of the company while ensuring legally enforceable accountability.
.— In exercise of the powers conferred by subsection (1) of Section 621 of the Companies Act, 1956 (1 of 1956) , the Central Government hereby authorizes the following officers in the Serious Fraud Investigation Office (SF10), Ministry of Corporate Affairs for the purposes of filing and conducting prosecution under the Companies Act, 1956:‑
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,
In exercise of the powers conferred by sub-section (1) of Section 210A of the Companies Act, 1956 (1 of 1956), the Central Government hereby constitutes an Advisory Committee to be called the National Advisory Committee on Accounting Standards, consisting of the following persons to advise the Central Government on the formulation and laying down of accounting policies and accounting standards for adoption by companies or class of companies under the said Act,
In exercise of the powers conferred by clause (a) of sub-section (1) of section 642 read with sub-section (1) of section 210A and sub-section (3C) of section 211 of the Companies Act, 1956 (1 of 1956), the Central Government in consultation with the National Advisory Committee on Accounting Standards
directed to forward herewith a copy of the Notification published in the Gazette of India for your information and necessary action.
n exercise of the powers conferred by sub-section (2) of Section 4A of the Companies Act, 1956 (1 of 1956), the Central Government hereby specifies the following institution to be public financial institution and for that purpose makes the following further amendment in the notification of the Government of India,
The Japanese, with their fierce sense of commitment and loyalty to the organisation they are associated with, were ironically blasé about insider trading as typified by the general response to the law brought in 1988 in Japan to tackle the menace — what is wrong in being smart? Equally ironical is the assiduity with which insiders are pursued in the US. A journalist was hauled over the coals there for making a fast buck out of the information she garnered during the course of analysis of a company.
Rescinding of Notification S.O.-3879 (E) dated 22.12.1962 in respect of Companies Licensed under section 25 of the Companies At, 1956..1. S.O.-2219 (E) 28tri December, 2007Amendment to Notification No. S.O.‑1578 (E) dated 1.7.1961 in respect of Companies Licensed under section 25 of the Companies Act, 1956 Please acknowledge the receipt.
—In exercise of powers conferred by sub-section (6) of Section 25 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following amendment to the notification number S.O. 1578, dated the 1st July, 1961, namely
