Company Law - Page 68

General Circular No. 2/2002, dated 11/01/2002

General Circular No. 2/2002 (11/01/2002)

directed to forward herewith a copy of the Companies (Amendment) Act, 2001 published in the Gazette of India (Extraordinary) on 24th December, 2001 for your information and necessary action....

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General Circular No. 1/2002, dated 11/01/2002

General Circular No. 1/2002 (11/01/2002)

Constitution of a Committee to administer the Investor Education and Protection Fund....

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Constitution of Committee to administer Investor Education and Protection Fund

Notification No. S.O. 1280(E) (28/12/2001)

In exercise of the powers conferred by sub-section (4) of section 205C of the Companies Act, 1956 (1 of 1956), the Central Government hereby constitute a Committee consisting of the following persons to administer the Investor Education and Protection Fund established by the Central Government vide GSR No. 750(E) dated 1.10.2001, ...

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General Circular No. 12/7/2000-CL-VII, dated 27/12/2001

General Circular No. 12/7/2000-CL-VII (27/12/2001)

Appointment of Managerial Personnel and payment of Managerial Remuneration in case of Companies having no profit or inadequate profit - rationalization thereof....

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Cost Audit Report Rules, 2001

Notification No. G.S.R. 924(E) (27/12/2001)

G.S.R. 924(E).- In exercise of the powers conferred by sub-section (4) of section 233B, read with sub-section (1) of section 227 and clause (b) of sub-section (1) of section 642, of the Companies Act, 1956 (1 of 1956), and in supersession of the Cost Audit (Report) Rules, 1996, except as respect things done or omitted to be done, before s...

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Cost Accounting Records (Electricity Industry) Rules, 2001

Notification No. G.S.R. 913(E) (21/12/2001)

The expenses incurred by the Research and Development Department for providing technical know-how to outsiders shall be recorded separately and excluded from the cost of activities under reference. The amount recovered for providing technical know-how to outsiders shall also be indicated separately and excluded from the income arising fro...

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Companies (Acceptance of Deposits) Third Amendment Rules, 2001

Notification No. G.S.R. 873(E) (28/11/2001)

8A Penal rate of interest.- A penal rate of interest of eighteen percent shall be paid for the overdue period in case of public deposits matured and claimed but remaining unpaid. In case of deposit made by a small depositor, the penal rate of interest shall be twenty per cent. compoundable on an annual basis....

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General Circular No. 24/2001, dated 21/11/2001

General Circular No. 24/2001 (21/11/2001)

The ROCs are advised to take into account the provisions of the above-said Emblems & Names Act while making names available to companies under the Companies Act, 1956....

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General Circular No. 23/2001, dated 12/10/2001

General Circular No. 23/2001 (12/10/2001)

Amendment in the Companies (passing of the resolution by postal ballot) Rules, 2001-I am directed to forward herewith a copy of the following Notification published in the Gazette of India (Extraordinary) for your information and necessary action: - ...

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General Circular No. 22/2001, dated 12.10.2001

General Circular No. 22/2001 (12/10/2001)

The Investor Education and Protection Fund (awareness and protection of investors) Rules, 2001....

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General Circular No. 23/2001, dated 12/10/2001

General Circular No. 23/2001 (12/10/2001)

Amendment in the Companies (passing of the resolution by postal ballot) Rules, 2001...

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Companies (passing of the resolution by postal ballot) Amendment Rules, 2001

Notification No. G.S.R. 773(E) (11/10/2001)

In exercise of the powers conferred by section 192A read with 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 to amend the Companies (passing of the resolution by postal ballot) Rules, 2001 namely...

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General Circular No. 21/2001, dated 05/10/2001

General Circular No. 21/2001 (05/10/2001)

The Companies (Acceptance of Deposits) Second Amendment Rules, 2001....

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General Circular No. 20/2001, dated 03.10.2001

General Circular No. 20/2001 (03/10/2001)

Exemption to the companies engaged in the cultivation or processing of tea from disclosing in the profit and loss account the information mentioned in sub-clause (1) of clause (a) of sub-para (ii) of para 3 of Part II of Schedule VI to the Companies Act, 1956 - Issued under section 211(3) of the Act....

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Investor Education and Protection Fund (awareness and protection of investors) Rules,2001

Notification No. G.S.R. 750(E) (01/10/2001)

The Committee shall consists of ten members, excluding the chair person who is Secretary, to the Department of Company Affairs. The members shall be nominated by Reserve Bank of India, the Securities and Exchange Board of India and or from any other Ministry or Department of Central Government dealing with investor protection activ...

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Setting up of Investor Education and Protection Fund

Notification No. G.S.R. 749(E) (01/10/2001)

In exercise of the powers conferred by Sub-section (1) of Section 205C of the Companies Act, 1956 (1 of 1956), the Central Government hereby establishes a fund to be called the Investor Education and Protection Fund....

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General Circular No. 19/2001, dated 27/09/2001

General Circular No. 19/2001 (27/09/2001)

I am directed to forward herewith a copy of the following Notification published in the Gazette of India (Extraordinary) for your information and necessary action....

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General Circular No. 18/2001, dated 25/09/2001

General Circular No. 18/2001 (25/09/2001)

Amendment in Schedule XV to the Companies Act, 1956...

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Regarding exemption to companies engaged in the cultivation or processing of tea

Notification No. S.O. 954(E) (25/09/2001)

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....

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Companies (Acceptance of Deposits) Amendment Rules, 2001

Notification No. G.S.R. 689(E) (25/09/2001)

In exercise of the powers conferred by sections 58A, 58AA and 58AAA, read with sub-clauses (a) and (b) of sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956), the Central Government, in consultation with Reserve Bank of India, hereby makes the following rules further to amend the Companies (Acceptance of Deposits) Rules...

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Amendments in Schedule XV to the Companies Act, 1956

Notification No. G.S.R. 686(E) (21/09/2001)

In exercise of the powers conferred by sub-section (1) of section 641 of the Companies Act, 1956 (1 of 1956) read with clause (b) of sub-section (2) of section 108B of that Act, the Central Government hereby makes the following amendments in Schedule XV to the said Act, namely....

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Amendments in Schedule XV to the Companies Act, 1956

Notification No. G.S.R. 686(E) (21/09/2001)

In exercise of the powers conferred by sub-section (1) of section 641 of the Companies Act, 1956 (1 of 1956) read with clause (b) of sub-section (2) of section 108B of that Act, the Central Government hereby makes the following amendments in Schedule XV to the said Act, namely...

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General Circular No. 15/2001, dated 14/09/2001

General Circular No. 15/2001 (14/09/2001)

I am directed to forward herewith a copy of the following Notification published in the Gazette of India (Extraordinary) for your information and necessary action....

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Constitution of National Advisory Committee on Accounting Standards

Notification No. S.O. 841(E) (29/08/2001)

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 l...

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General Circular No. 17/2001, dated 03.08.2001

General Circular No. 17/2001 (03/08/2001)

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...

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Prudential Norms for Nidhis

Notification No. G.S.R. 556(E) (26/07/2001)

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 Government may specify, for avoiding any hardship to any Ni...

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Pursuant to Sabanayagam Comm. Report on Nidhis

Notification No. G.S.R. 555(E) (26/07/2001)

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 hardshi...

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General Circular No. 16/2001, dated 24/07/2001

General Circular No.16/2001 (24/07/2001)

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....

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Clarification on provisions of Section 224A of Companies Act,1956

General Circular No. 14/2001 (16/07/2001)

All Chambers of Commerce are requested to bring this to the notice of their constituent companies....

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General Circular No. 13/2001, dated 19/06/2001

General Circular No. 13/2001 (19/06/2001)

The enforcement of Section 80 of the Companies (Amendment) Act, 2000 - Postal Ballot - from 15.6.2001 - regarding....

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Regarding date on which provisions of S. 80 of the said Act shall come into force

Notification No. S.O. 523(E) (15/06/2001)

S.O. 523(E).- In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2000 (53 of 2000), the Central Government hereby appoints the 15th day of June, 2001 as the date on which the provisions of section 80 of the said Act shall come into force....

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General Circular No. 12/2001, dated 06/06/2001

General Circular No. 12/2001 (06/06/2001)

I am directed to forward herewith a copy of the following Notification published in the Gazette of India (Extraordinary) for your information and necessary action...

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General Circular No. 11/2001, dated 25/05/2001

General Circular No. 11/2001 (25/05/2001)

The matter whether Directors appointed under Section 16(4) of the Sick Industrial Companies (Special Provisions) Act, 1985 by the Board for Industrial and Financial Reconstruction (Board) shall be liable to be disqualified under section 274(1)(g) of the Companies Act, 1956 has been examined in this Department in detail....

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Companies (Acceptance of Deposits) Amendment Rules, 2001

Notification No. G.S.R. 385(E) (25/05/2001)

In exercise of the powers conferred by section 58A read with section 642 of the Companies Act, 1956 ( 1 of 1956), the Central Government, in consultation with the Reserve Bank of India, hereby makes the following rules further to amend the Companies ( Acceptance of Deposits ) Rules, 1975, namely ...

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General Circular No. 10/2001, dated 22/05/2001

General Circular No. 10/2001 (22/05/2001)

The Companies (passing of the resolution by postal ballot) Rules, 2001....

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General Circular No. 9/2001, dated 15/05/2001

General Circular No. 9/2001 (15/05/2001)

In continuation of this Department's General Circular No.12/2000 (issued vide letter No.1/6/2000-CL.V) dated 25th October, 2000, I am directed to say that the step 2 for implementation of Corporate Identity Number (CIN) provides that in a case if a company is operating in diverse fields, the economic activity as "00000" has to be assigned...

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Companies (passing of the resolution by postal ballot) Rules, 2001

Notification No. G.S.R. 337(E) (10/05/2001)

The board of directors shall appoint one scrutinizer, who is not in employment of the company, may be a retired judge or any person of repute who, in the opinion of the board can conduct the postal ballot voting process in a fair and transparent manner...

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Cost Accounting Records (Mining and Metallurgy) Rules, 2001

Notification No. G.S.R. 276(E) (24/04/2001)

The proper records shall be maintained for the products under reference showing the various items of expenses comprising the other overheads. These expenses shall be analyzed, classified and grouped according to functions, namely, works, administration, selling and distribution....

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Cost Accounting Records (Electronic products) Rules, 2001

Notification No. GSR No 277(E) DT (24/04/2001)

Every company to which these rules apply shall, in respect of each of its financial year commencing on or after the 1st day of April, 2001 keep proper books of account containing, inter-alia, the particulars specified in Schedule I annexed to these rules and Proforma A,B,C and D, relating to the utilization of materials...

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General Circular No. 7/200, dated 16.03.2001

General Circular No. 7/2001 (16/03/2001)

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...

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Companies (Appointment of Small Shareholders Director) Rules 2001

Notification No. G.S.R.168(E) (09/03/2001)

A company may act suo-moto to elect a small shareholders' director from amongst small shareholders or upon the notice of small shareholders, who are not less than 1/10th of total small shareholders and have proposed name of a person who shall also be a small shareholder of the company....

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Companies (Issue of Share Capital with Differential Voting Rights) Rules 2001

Notification No. G.S.R. 167(E) (09/03/2001)

Every company referred to in rule 3 shall maintain a register as required under section 150 of the Act containing the particulars of differential rights to which the holder is entitled to. ...

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Regarding reconstitution of Investor Education Committee

General Circular No. 6/2001 (02/03/2001)

The Companies (Central Government's) General Rules and Forms (Fourth Amendment) Rules, 2001 - Shelf Prospectus....

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Companies (Amendment) Act 2000 (53 of 2000)

Notification No. S.O. 176(E) (27/02/2001)

S.O. 176(E). - In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2000 (53 of 2000), the Central Government hereby appoints the 1st day of March, 2001, as the date on which the provisions of section 7 of the said Act shall come into force....

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Companies(Central Government’s) General Rules and Forms (Fourth Amendment) Rules, 2001

Notification No. G.S.R. 96(E) (14/02/2001)

In exercise of the powers conferred by the clauses (a) and (b) of sub-section (1) of section 642 read with sub-section (3) of section 60A 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....

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General Circular No. 5/2001, dated 12.02.2001

General Circular No. 5/2001 (12/02/2001)

The Companies (Central Government's) General Rules and Forms (Third Amendment) Rules, 2001 - Form 1 AD - Confirmation of change of registered office of the company within a State....

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Amendments to S.O. 1087 (E) dated 11.11.99

Notification No. S.O. 133(E) (12/02/2001)

- In exercise of the powers conferred by sub-section (4) of section 205C of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following amendments in the notification of Government of India, in the Ministry of Law, Justice and Company Affairs, Department of Company Affairs, number S.O.1087(E) dated the 11th Nove...

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Companies (Compliance Certificate) Rules 2001

Notification No. G.S.R. No 52(E) (31/01/2001)

the company has deposited both employee's and employer's contribution to Provident Fund with prescribed authorities pursuant to section 418 of the Act....

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Notification No. G.S.R. 51(E), dated 31/01/2001

Notification No. G.S.R. 51(E) (31/01/2001)

Application Form should be filed with the Registrar of Companies from where the company proposes to shift it Registered Office and copy for information to the Registrar of Companies under whose jurisdiction Registered Office is proposed to be shifted."...

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Notification No. G.S.R. 35(E), dated 24/01/2001

Notification No. G.S.R. 35(E) (24/01/2001)

In the Companies (Central Government's) General Rules and Forms, 1956, in Form No.22, in item 8, for the words "sale of shares" the words "sale of shares or debentures" shall be substituted....

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Notification No. G.S.R. 24(E), dated 15/01/2001

Notification No. G.S.R. 24(E) (15/01/2001)

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....

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Fast Track Scheme under Section 560 of Companies Act–Extension till 31.1.200

General Circular No. 3/2001 (02/01/2001)

.On the basis of various representations received from Companies, Professionals, Institutes, Chamber of Commerce etc. the Scheme has been extended till 31.1.2001. Other terms and conditions of the Scheme remain unchanged....

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General Circular No. 1/2001, dated 01/01/2001

General Circular No. 1/2001 (01/01/2001)

I am directed to forward herewith copies of two Notifications (Numbers SO 1144(E) and SO 1145 (E)) published in the Gazette of India (Extraordinary) on 21.12.2000, through which the ROCs and OLs for the States of Madhya Pradesh, Uttar Pradesh and Bihar have been authorised to perform their functions also for the new States of Chhatisgar...

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Offices for registration of companies

Notification No. S.O. 1144(E) (21/12/2000)

therefore, in exercise of powers conferred by sub-sections (1) and (2) of Section 609 of the Companies Act, 1956 (1 of 1956), the Central Government hereby directs that there shall be offices at Gwalior, ,Kanpur and Patna for the purposes of the registration of companies under the said Act in the States of Chhattisgarh, Uttaranchal...

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CLB judgment on non issue of further shares to existing shareholders

Satish Chandra Sanwalka & others Vs M/s Tinplate Dealers Association Pvt Ltd & others (Company Law Board- Principal Bench, New Delhi)

The petitioners claiming to hold 4132 partly paid ordinary shares of Rs.100/-each and 3065 fully paid preference shares of Rs.100/-each in M/S Tinplate Dealers Association Private Limited ( the company) have filed this petition under Sections 397/398 and Section 111(4) of the Companies Act, 1956 (the Act) alleging various acts of oppressi...

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Amendments in GSR 94(E) dated 26/02/1997

Notification No. G.S.R. 727(E) (18/09/2000)

—In exercise of the powers conferred by sub-section (I) of.section 621 Of the Companies Act, 1956 (I of 1956) and in supersession of the Ministry of Law, Justice and Company Affairs (Department of Compkv Affairs) Notification number G.S.R. 94 (E) dated 726th February, 1997,...

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Rules to amend Companies (Central Government’s) General Rules and Forms, 1956

Notification No. G.S.R. 638(E) (26/07/2000)

-In exercise of the powers con­ferred by clauses (a) and (b) of sub-section (1) of section642 of the Companies Act, 1956 (1 of 1956), the CentralGovernment hereby makes the following rules further to amend the Companies (Central Government's) GeneralRules and Forms, 1956, namely....

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Regarding sole selling agents

Notification G.S.R. 364(E) (27/04/2000)

In exercise of the powers conferred by sub-section (1) of section 294 AA of the Companies Act, 1956 (1 of 1956), the Central Government being of the opinion that the demand for the category of goods specified in the Table below is substantially in excess of the production or supply of such goods and that the services of the sole selling a...

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Amendments in GSR 737(E) dated 01.09.1999

Notification No. G.S.R. 347(E) (25/04/2000)

Provided further that in case of retirement of two-third of directors, or more in any one year, then, one-third of the total number of directors shall vacate office in the ensuing Annual General Meeting immediately due and balance number of directors shall retire at the two, subsequent Annual General Meetings due later....

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Corrigendum for GSR 737(E), dated 19/11/1999

Notification No. G.S.R. 780(E) (19/11/1999)

In the Notification of the Govern­ment of India, in the Ministry of Law, Justice and Com­pany Affairs. (Department of Company Affairs) No. G.S.R. 737(E), dated 1-11-99 and published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), for "Pro­vided that where the deposits exceed the above limits....

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Constitution of committee

Notification No. S.O. 1087(E) (11/11/1999)

In exercise of the powers conferred by sub-section (4) of section 205C of the Companies Act, 1956 (1 of 1956), the Central Government hereby constitutes a Committee consisting of the following persons to administer the Investor Education and Protection Fund and to maintain separate accounts and other relevant...

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Regarding company declared as Nidhi or Mutual Benefit Society under section 620A

Notification No. G.S.R. 737(E) (01/11/1999)

The directions specified in sub-clauses (i) to (xxii ) of clause (a) and sub-clauses (1) to (x) of clause (b) of this notification shall, as far as may be, apply to every company declared as a Nidhi or Mutual Benefit Society under section 620A of the said Act on or after the publication of this notification....

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Check List for Application under Section 295 and 372A of The Companies Act

Notification No. G.S.R. 501(E) (06/07/1999)

he application should be addressed to The Secretary, Department Of Company Affairs, of the Jurisdiction in which you are falling. Application should be submitted along with the prescribed fee by demand draft drawn in favour of Pay & Accounts Officer, Department of Company Affairs, of the Jurisdiction in which you are falling in the manner...

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SEBI : all Registered Custodians of Securities

Circular No. FITTC/CUST/5/1999 (12/02/1999)

All custodians are advised to ensure compliance with the instructions contained herein above. Non-compliance would be viewed seriously and may result in disciplinary action against the custodian....

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Notification No. G.S.R. 500(E), dated 18/08/1998

Notification No. G.S.R. 500(E) (18/08/1998)

In Schedule XIV to'the Companies Act, 1956, under the heading PLANT AND MACHINERY", under item (ii) relating to special rates, after sub-item D. 4, relating to Glass manufacturing concern--Direct fire glass melting furnaces, the following shall be inserted, namely...

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Notification No. G.S.R. 265(E), dated 15/05/1997

Notification No. G.S.R. 265(E) (15/05/1997)

details of all unutilised monies out of iSSue of shares or debentures, if any, referred to in sub-item (i) shali be disclosed under an appropT.iate separate 1;ead..in the Balance Sheet of the company indicating the fori-t-.; in which such unutilised 1r/units. have been invested....

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Notification No. G.S.R. 155(E), dated 19.03.1997

Notification No. G.S.R. 155(E) (19/03/1997)

(iv) that the company is not in default in the repayment of any deposit or part thereof and any interest thereupon in accordance with terms and conditions of such deposits....

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Notification No. G.S.R.126(E), dated 01.03.1997

Notification No. G.S.R.126(E) (01/03/1997)

In exercise of powers conferred by clauses (a) and (b) of sub-section (1) of Section 642 of the Companies Act, 1956 (1 of 1956) and all others powers hereunto enabling, the Central Government hereby makes the following rules further to amend the Companies (Central Government's) General Rules and Forms, 1956....

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Notification No. G.S.R. 97(E), dated 28.02/1997

Notification No. G.S.R. 97(E) (28/02/1997)

In exercise of powers conferred by clauses (a) and (b) of sub-section (1) of Section 642 of the Companies Act, 1956 (1 of 1956) and all other powers hereunto enabling, the Central Government hereby makes the following rules further to amend the Companies (Central Government's) General Rules and Forms, 1956....

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Notification No. G.S.R.94(E), dated 26.02.1997

Notification No. G.S.R.94(E) (26/02/1997)

In exercise of the powers conferred by sub-section (1) of section 621 of the Companies Act, 1956 (1 of 1956) and in supersession of the Ministry of Law, Justice and Company Affairs (Department of Company Affairs) notifica­tion number G. S. R. 69 (E) dated the 15th February, 1995,...

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Notification No. G.S.R. 80(E), dated 17.02.1997

Notification No. G.S.R. 80(E) (17/02/1997)

In exercise of the powers conferred by sub-section (2) of section 530 of the Companies Act, 1956 ( I of 1956) the Central Government hereby notifies that the sum to which priority shall be given under clause (b) of sub section (1) of section 530 of the said Act with effect from 1st day of March, 1997 shall not in case of any one claimant,...

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Revised Cost Audit Order on annual basis issued to the existing companies

General Circular No. 52/11/93-CAB (08/06/1993)

You may be aware that the Department of Company Affairs have recently issued revised annual cost audit orders for the financial year ending 31.3.1994 and continuously thereafter to all those companies which were previously subjected to cost audit for every alternate financial years. A list containing the names of these companies is being ...

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Maintenance of books of cost accounts as per Cost Accounting Records Rules

General Circular No. 52/11/93-CAB (07/06/1993)

It has been brought to the notice of this Department that many of the companies for which maintenance of books of accounts have been made mandatory under Section 209(1)(d) of the Companies Act, 1956 and Cost Accounting Records Rules prescribed, have failed to keep such books of accounts in the manner indicated thereunder...

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Yashovardhan Saboo vs Groz-Beckert Saboo Ltd. And Ors. (CLB)

Yashovardhan Saboo Vs Groz-Beckert Saboo Ltd. And Ors. (Company Law Board)

One of the tests of what constitutes 'oppression' within the meaning of Section 397 of the Act is to see whether the majority is taking an unfair advantage of their position as a majority. The second test is to find out whether in the exercise of the fiduciary power, the group concerned was attempting to destroy the existing majority or t...

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Modification in sections 217(e)(1), 620 of the Companies Act 1956

Notification No. G.S.R. 769(E) (10/09/1990)

In exercise of the powers conferred by sub-section (1) of sectio,i 620 of the Companies Act. 1956 ( I of 1956). the Central Govern­ment hereby directs that the provisions of clause (e) of sub-section (1) of section 17 of the said Act read with the Companies....

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General Circular No. 3/8/89-CL.V, dated 05/03/1990

General Circular No. 3/8/89-CL.V (05/03/1990)

directed to refer to your letter no. PD/69/90 dated 19.2.90 on the subject mentioned above and to say that the cost auditor shall be deemed to have concluded his appointment as soon as he renders a report to the Central Government in accordance with the Cost Audit Report Rules. The specified number of companies for the purpose of section ...

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Clarification under Section 224 (1) of the Companies Act, 1956

General Circular No. 35/1/90-CL.III (02/03/1990)

directed to refer to your letter no. CLC/79/89 dated 8th January, 1990 on the subject mentioned above and to say that while giving a certificate in terms of provision to sub-section 224 of the Companies Act, 1956, the auditor or auditors will not take into account the actual appointments as auditors in the companies but also their propose...

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Authentication of previous year figures in the Cost Audit Report

Notification No. 52/430/88-CAB (09/01/1990)

After a careful examination of the statement made by the cost auditors, the Department is of the view that it would be more appropriate if while mentioning the figures for previous year, the Cost Auditor certifies the position by means of note that figures so stated are on the basis of information furnished by the management, for which he...

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General circular No. 52/354/CAB -87, dated 30/08/1988

General circular No. 52/354/CAB -87 (30/08/1988)

Under the provision of S. 233B of the Act and the Cost Audit Report Rules made thereunder, the Cost Auditor after the submission of the Cost Audit Report has to furnish replies to all the supplementaries, queries from the Department of Company affairs arising through a review of the Cost Audit Report. A question has arisen as to when the...

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General Circular No. 52/409/80-CAB, dated 24/08/1984

General Circular No. 52/409/80-CAB (24/08/1984)

Authentication of Cost Audit Report in cases where a firm of Cost Auditors is approved under U/s 233B (2) of the Companies Act, 1956 for conducting Cost Audit....

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Appointment of Cost Auditor in Firm’s Name

General Circular No. 54/409/80-CAB (19/11/1993)

All the partners of the firm are practicing cost accountants within the meaning of Section 6 and 7 of the Cost and Works Accountants Act, 1959,...

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Disclosure of full details in Cost Audit Report

General Circular No. 3/1983 (18/03/1983)

The attention of the Institute is drawn to the provisions of section 233B of the Companies Act, 1956, and the Cost Audit (Report) Rules, 1968, as amended from time to time. The duties of the cost accountants appointed to conduct an audit of cost accounts of the company flow directly from the above provisions and as such they should in str...

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Appointment of Cost Auditor as an Internal Auditor of a Company

General Circular No. 1/1983 (20/01/1983)

Similarly, a question has now been raised whether a Cost Auditor of a Company can also be its internal auditor which has been carefully examined in this Department. Since the Cost Auditor is required to comment on the scope and performance of internal audit as per the provisions of the Cost Audit (Report) Rules, 1968, it would tend to mi...

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Modification in sections 100-103, 391, 392 and 394 of the Companies Act 1956

Notification No. G.S.R. 238 (02/02/1978)

In exercise of the powers conferred by rule I91-T3 of tho Ceram! Excises Rolm 1944, the Central Government hereby makes the following further amend‑ment in the notification of the Government of India is the Ministry of Finance....

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Companies (Acceptance of Deposits) Rules, 1975

NA

Companies (Acceptance of Deposits) Rules, 1975 In exercise of the powers conferred by section 58A, read with section 642 of the Companies Act, 1956(1 of 1956), the Central Government, in consultation with the Reserve Bank of India, hereby makes the following Rules, namely :- 1. Short title, commencement and application.- (1) These Rules m...

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Companies (Declaration of Beneficial Interest in Shares) Rules, 1975

Notification No. G.S.R. 53(E) (20/02/1975)

The declaration required to be made by a person referred to in sub-section (1) of section 187-C shall-within thirty days from the commencement of these rules, or within thirty days after his name is entered in the register of members of a company as the holder of a share in that company, whichever is later, be made to the company in Form...

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Companies (Issue of Share Certificates) Rules, 1960

NA (31/12/1960)

Companies (Issue of Share Certificates) Rules, 1960 G.S.R.333 – In exercise of the powers conferred by clause (b) of sub-section(1) of section 642 of the Companies Act, 1956 (1 of 1956), and in supersession of the Companies (Issue of Share Certificates) Rules, 1959, published with the notification of the Government of India in the M...

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Company Law News India

Corporate law also known as the company law is the study of how the directors, shareholders, creditors, employees and other participants in the community, consumers, and the environment work together with each other. Company law deals with organizations which are registered or incorporated under the Indian company law. The latest Companies Act is the Act which controls the incorporation of companies, responsibilities of companies, directors and laws relating to dissolution of any company. The newly constituted Companies Act 2013 is divided into twenty-nine chapters comprising 470 with 7 schedules. This Act replaced the previous Companies Act, 1956 on August 29th, 2013. The newly constituted Act came into action on September 12th, 2013 with number of changes.

At Taxguru, we provide all the latest news relating to company law in India. Our portal is designed for alerting you on all the latest developments in the company law. We provide all the key cases, help, and guidance on all facets of company law.

Get to know about all significant changes in the Indian corporate laws with our comprehensive and the latest company law news. Our panel of experts offers in-depth analysis and understanding of the corporate and allied laws. At Taxguru, we cover everything from regulations for LLPs to changes in the corporate governance, M&A and Takeover Code, SEBI reforms, exchange controls and commercial arbitration. Tune in to find out more about the corporate laws and all the key developments.

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