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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Amendment to Companies (Acceptance of Deposits) Rules 1975 updates deposit interest categories, specifying rate bands from 0% to above 12.5% for clearer compliance.
The Public Companies (Terms of Issue of Debentures and Raising of Loans with Option to Convert such Debentures or Loans into Shares) Amendment Rules, 2003
Amendment to Companies (Acceptance of Deposits) Rules 1975 permits loans from NDDB to companies owned by it, clarifying deposit treatment for regulatory compliance.
New amendment to the Companies (Acceptance of Deposits) Rules exempts NDDB loans to its companies from deposit regulations under the Companies Act, 1956.
such scheduled bank or public financial institution has given the company notice of its intention to convert such loans or debentures at least 30 days prior to the intended date of conversion.
In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Second Amendment) Act, 2002 (11 of 2003) the Central Government hereby appoints the 1st day of April, 2003 as the date on which the provisions of section 2 and 6 of the said Act shall come into force.
Further the Company is not doing / carrying on any business right from the date of its incorporation and the Company is also not intending to do any business or commercial activity as laid down in the main objects of its Memorandum of Association in future.
In exercise of the powers conferred by sub-section (2) of section 4A of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following amendment in the notification of the Government of India, in the Ministry of Law, Justice and Company Affairs (Department of Company Affairs) number S.O. 1329 dated 8th May, 1978, namely.
The request made by some Companies, particularly companies engaged in production of steel to prescribe an appropriate method, to make provision for depreciation based on unit of production rather than straight line or written down value method has been engaging the attention of the Department for quite some time.
directed to forward herewith a copy of the following Notifications published in the Gazette of India for your information and necessary action.
