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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I am directed to forward herewith a copy of the Notifications published in the Gazette of India (Extraordinary) for your information and necessary action:-
Disqualification of Directors under Section 274(1)(g) of the Companies Act, 1956 – Clarificar
Reopening/revision of annual accounts after their adoption in the annual general meeting. In partial modification of earlier view on re-opening/revision of annual accounts, this Department had clarified in 1987 that a company could reopen and revise its accounts even after their adoption in the annual general meeting in order to comply with technical requirements of taxation laws and further adopt the revised annual accounts in the subsequent annual general meeting and file with the Registrar of Companies.
However, it has come to the notice of the Department that an interpretation is being made that cost auditor can be a member of audit committee. It is reiterated that the cost auditor cannot become a member of audit committee and wherever
G.S.R. 5(E).- In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Companies (Central Government’s) General Rules and Forms, 1956, namely
directed to forward herewith a copy of the Notifications published in the Gazette of India (Extraordinary) for your information and necessary action.
.In order to have uniformity in the matter of submission of the Cost Audit Reports by the Cost Auditors and for the sake of convenience of management of data contained in these reports, the soft copy of the report shall henceforth, be submitted in non re-writable CD-ROM containing two files/parts.
In exercise of the powers conferred by sub-section (1) of section 641 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following further amendment in Schedule VI of the said Act, namely
In exercise of the powers conferred by sub-section (1) of section 641 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following further amendment in Schedule V of the said Act, namely
Amendment in the Notification No. S.O. 1280(E) dated 28.12.01 – amendment in the Committee to administer the Investor Education and Protection Fund.
