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.
Company Law : Learn the process, documentation, and time limit for filing E-Form DIR-3 KYC or DIR-3 WEB KYC for company directors in India. No f...
Company Law : Stay compliant with the Companies Act 2013 by following the annual compliance calendar. Learn about important forms and deadlines ...
Company Law : Learn all about the incorporation of Section 8 companies in India, including regulatory framework, conditions, exemptions, members...
Company Law : Learn the consequences of not filing MSME Form 1 on time as illustrated by a recent penalty case. Understand the legal requirement...
Company Law : Learn the simplified process of shifting a registered office from one state to another under the Companies Act, 2013. Clear steps ...
Company Law : Delve into the NFRA order controversy with detailed analysis on penalty imposition, opinion disparities, and key issues. Gain insi...
Company Law : IEPFA invites stakeholders to share insights on streamlining claims settlement process under the Companies Act, 2013. Deadline: Ap...
Company Law : Dive into NFRA detailed Financial Reporting Quality Review (FRQRR) of PSP Projects Ltd. Uncover high and low impact observations, ...
Company Law : The Institute of Chartered Accountants of India FAQs Frequently Asked Questions on Maintenance of Cost Records and Audit thereof U...
Company Law : Discover the Ministry of Corporate Affairs (MCA) latest initiative - the Central Processing Centre (CPC). Learn about the centrali...
Company Law : Supreme Court refuses to entertain appeal challenging NCLAT's remand of NCLT order on Resolution Plan approval. Get insights on th...
Company Law : In a case involving Ansal Crown Heights Flat Buyers Association vs. Ansal Crown Infrabuild Pvt. Ltd., the Supreme Court rules that...
Company Law : NCLAT decision bars new applicants from participating in CIRP without fresh Form G issuance, impacting Mamta Binani case. Full jud...
Company Law : Explore the Supreme Court judgment in State of Maharashtra vs. National Organic Chemical Industries Ltd. regarding stamp duty refu...
Company Law : NCLAT Delhi ruling on Navayuga Engineering vs. Umesh Garg emphasizes Section 29A(c) of IBC, disqualifying those managing corporate...
Company Law : NFRA issues Order against Krishna Neeraj & Associates and CA Krishna Kr Neeraj for professional misconduct in CMIL's audit, imposi...
Company Law : National Financial Reporting Authority's order penalizes M/s Dhiraj & Dheeraj and auditors for misconduct in the audit of Relianc...
Company Law : Explore NFRA's order penalizing PCN & Associates and CA Gopala Krishna Kandula for non-cooperation in statutory audit investigatio...
Company Law : Learn about the exemption from penalties for late financial return submissions within 30 days from the date of AGM, as per the rec...
Company Law : Explore adjudication order No. ROC(M)/ATCL/Sr. No. 7/ADJ-ORDER/690-692 issued on 25 APR 2024, penalizing ALORA TRADING CO LTD for ...
Classes of companies and bodies corporate governed by the NFRA: (Rule 3) (a) companies whose securities are listed on any stock exchange in India or outside India; (b) unlisted public companies having paid-up capital of not less than rupees five hundred crores or having annual turnover of not less than rupees one thousand crores or having, in aggregate, outstanding loans, debentures and deposits of not less than rupees five hundred crores as on the 31st March of immediately preceding financial Year;
Article contains Definition of One Person Company (OPC), No. of Persons Required for formation of OPC, Mandatory Conditions for formation of One Person Company (OPC), Nominee for OPC, Change of Nominee, Management, Financial Statement of OPC, Meetings, Matters to be included in Board’s Report for One Person Company, Turnover/Capital threshold for conversion of OPC into […]
The Secretary, Corporate Affairs has constituted a Committee for finalizing the Business Responsibility Reporting (BRR) Format for Listed and unlisted companies based on the BRR Framework of the updated NVGs.
Ministry has came up with Rules with respect to National Financial Reporting Authority (NFRA). The rules will come into force on the date of Notification in Official Gazette. Reading this article, you will come to know Applicability of these Rules and How Disciplinary Powers have been segregated between NFRA and ICAI now.
MCA has notified the National Financial Reporting Authority (NFRA) Rules, 2018, which inter-alia includes provisions relating to Classes of companies to be governed by NFRA along with its Functions and duties, ICAI to Recommend and NFRA to monitor and enforce compliance of accounting/ auditing standards. Besides, NFRA has been empowered to issue directions to any auditor for taking appropriate measures to improve audit quality, etc.
MCA vide its notification dated 13 November 2018 notified Companies (Registered Valuers and Valuation) Fourth Amendment Rules 2018. Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018 will come into force on the date of their publication in the Official Gazette. Government of India Ministry of Corporate Affairs Notification New Delhi, the 13th November, 2018 G.S.R.1108(E).- […]
Committee of Experts on regulating audit firms and net- works set up by Ministry of Corporate Affairs in response to the issues raised by the Honorable Supreme Court in the judgement of S.Sukumar Vs. Institute of Chartered Accountants of India(February 23, 2018) submitted its report on October 25, 2018. It deals with steps to be taken to strengthen the legal regime of auditors and promote audit as a profession. I am here through this article to express my views on audit profession in India with my vast decades of combined audit experience in India as well as U.S.A.
The twin objectives of the Ordinance are the promotion of Ease of Doing Business along with better corporate compliance. The key aim of the amendments are as follows.
Introduction Dividend in ordinary parlance is the portion of the profits of a Company which is distributed among its shareholders. Thus for a shareholder, dividend is the return on his investment in the Company. Dividend is declared on the face value of the shares. When a company earns profits, it can deal with the same […]
Article discusses Impact of Companies Amendment Ordinance, 2018 which are Effective from November 2nd 2018. Vide Companies Amendment Ordinance, 2018, 31 amendments were made in Companies Act, 2013 which are discussed in the article. Companies Amendment Ordinance, 2018 Re-categorise compoundable offences to in house adjudication framework, Amends adjudication of penalties, Imposing penalty for repeat defaults, Enhances […]
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