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 in Schedule XV to the Companies Act, 1956
In respect of green leaf tea, if any, purchased from outside source, such companies shall also disclose in their profit and loss account, the value of the tea purchased in addition to the disclosure of the quantity and other particulars of the green leaf tea so purchased and processed, and the opening and closing stock thereof.
New amendments to the Companies (Acceptance of Deposits) Rules, 1975 define conditions for private company deposits, small depositor reporting, and complaint authority.
Ministry of Law announces the removal of specific entries from Schedule XV of the Companies Act, 1956, as per Notification G.S.R. 686(E) dated September 21, 2001.
General Circular No. 15/2001 announces formation of National Advisory Committee on Accounting Standards, per S.O. 841(E) dated 29th August 2001.
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 Act.
I am directed to forward herewith a copy of the following Notifications published in the Gazette of India (Extraordinary) for your information and necessary action
The Indian government sets prudential norms for Nidhis on revenue recognition and asset classification, impacting mortgage and jewel loans from July 2001
The Central Government, if satisfied that the circumstances have arisen and if found in public interest, after recording the reasons in writing, may relax any of the directions mentioned above either generally or for any specified period, subject to such terms and conditions, as the Central Government may specify, for avoiding any hardship to any Nidhi or a class of Nidhis for proper working of nidhis.
Date of returning the Ballot papers, register required to be maintained by the scrutinizer under rule 5(e) of the Companies (passing of the resolutions by postal ballot) Rules, 2001 and other related papers to the Chairman by the Scrutinizer.
