company law notifications

Updates of MCA, SEBI, RBI & IBBI for the month of March 2021

Corporate Law - Article contains updates with respect to Notifications, Circulars, Rules, Regulations issued in the Month of March 2021 by Ministry of Corporate Affairs (MCA), Securities Exchange Board of India, Updates of the Reserve Bank of India (RBI), Insolvency and Bankruptcy Board of India (IBBI) and also includes Recent Corporate News. Article att...

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Updates of MCA, SEBI, RBI & IBBI for the month of February 2021

Corporate Law - Article contains updates with respect to Notifications, Circulars, Rules, Regulations issued in the Month of February 2021 by Ministry of Corporate Affairs (MCA), Securities Exchange Board of India, Updates of the Reserve Bank of India (RBI), Insolvency and Bankruptcy Board of India (IBBI) and also includes Recent Corporate News. Article ...

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Updates of MCA, SEBI, RBI & IBBI for the month of January 2021

Corporate Law - Article contains updated with respect to Notifications, Circulars, Rules, Regulations issued in the Month of January 2021 by Ministry of Corporate Affairs (MCA), Securities Exchange Board of India, Updates of the Reserve Bank of India (RBI), Insolvency and Bankruptcy Board of India (IBBI) and also includes Recent Corporate News. Article a...

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Extension of Various Compliances By Ministry of Corporate Affairs

Corporate Law - The Ministry of Corporate Affairs has made a further effort to encourage a greater deal of “Ease of doing business”, the Ministry of Corporate Affairs has enhanced the timeline regarding the duration of several schemes till the end of the year 2020 in the wake of constant disturbance caused by the coronavirus pandemic in certain p...

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7 Due dates extended by MCA to 31st December, 2020

Corporate Law - Extension of due dates for various Schemes, Registration as Independent Director, DIR-3 KYC, holding EGM, till 31st December, 2020 by the Government of India...

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MCA Extended duration of several Schemes till 31.12.2020

Corporate Law - MCA on 28.09.2020, vide various circulars and notification extended the date of various schemes to 31.12.2020 which were launched for ease of doing Business, Schemes extended are as follows:- 1. Companies Fresh Start Scheme, 2020 2. LLP Settlement Scheme, 2020 3. Scheme for relaxation of time for filing forms related to Creation or Modifi...

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Relax additional fees & extend last date of filing various e-forms: ICSI

Corporate Law - ICSI requests Ministry of Corporate Affairs for Relaxation of additional fees and  for extension of last date for filing of various e-forms under the Companies Act, 2013 vide its letter dated 27th December 2019. THE INSTITUTE OF Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (...

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Companies (Amendment) Bill, 2018 as introduced in Lok Sabha

Corporate Law - (1) This Act may be called the Companies (Amendment) Act, 2018. (2) It shall be deemed to have come into force on the 2nd day of November, 2018....

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Summary of changes as per Draft Companies (Cost Records and Audit) Amendment Rules, 2017

Corporate Law - Pursuant to implementation of IndAS, the Companies (Cost Records and Audit) Rules, 2014 are to be amended to bring parity between financial records and cost records. Accordingly, the Draft Companies (Cost Records and Audit) Amendment Rules, 2017 have been placed on the Ministry’s website www.mca.gov.in for suggestions/ comments....

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Draft Companies (cost records and audit) Amendment Rules, 2017

Corporate Law - 1. Material Costs-(a) Proper records shall be maintained showing separately all receipts, issues and balances both in quantities and cost of each item of raw material required for the production of goods or rendering of services under reference....

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Suo Moto NCLAT Delhi order under Insolvency, Competition & Company Law

Suo Moto (NCLAT Delhi) - That the period of lockdown ordered by the Central Government and the State Governments including the period as may be extended either in whole or part of the country, where the registered office of the Corporate Debtor may be located...

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List of 26 LLPs who applied for removal of name before ROC Chandigarh

Notification No. LLP-24/HP/Strike off/839 - (13/04/2021) - List of the LLPs which have made an application in Form 24 for striking off their respective names from the Register in pursuance to Rule 37 (1) (b) of the Limited Liability Partnership Rules, 2009....

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Audit Report on Maintenance of Software with Audit Trail postponed

Notification No. G.S.R. 248(E). - (01/04/2021) - Companies (Audit and Auditors) Second Amendment Rules, 2021- MCA has earlier mandated that Auditor has to report in his Audit report starting from 01.04.2021 that if the Company is maintaining its books of account in a Accounting Software which has a feature of recording audit trail (edit log) facil...

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Companies Audit Trail Software Mandate postponed to 01-04-2022

Notification No. G.S. R. 247(E). - (01/04/2021) - Companies (Accounts) Second Amendment Rules, 2021- MCA has postponed the applicability of software with Audit features for Companies from 01.04.2022 instead of 01.04.2021 notified earlier. Also Read:Audit Report on Maintenance of Software with Audit Trail postponed MINISTRY OF CORPORATE AFFAIRS NOTI...

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Amendment to Schedule III of Companies Act 2013 wef 01.04.2021

G.S.R. 207(E) - (24/03/2021) - Central Government hereby makes the following further amendments in Schedule III to the Companies Act 2013 with effect from 1st day of April, 2021 ...

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MCA broaden scope of reporting by Auditors in Audit report

G.S.R. 206(E) - (24/03/2021) - MCA has vide its Notification Dated 24th March 2021 notified Companies (Audit and Auditors) Amendment Rules, 2021  and omitted clause (d) of Rule 11 of Companies (Audit and Auditors) Rules, 2014 and added clause (e), (f) and (g). The analysis of pre and post amendment of other matters to be include...

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Recent Posts in "company law notifications"

List of 26 LLPs who applied for removal of name before ROC Chandigarh

Notification No. LLP-24/HP/Strike off/839 13/04/2021

List of the LLPs which have made an application in Form 24 for striking off their respective names from the Register in pursuance to Rule 37 (1) (b) of the Limited Liability Partnership Rules, 2009....

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Updates of MCA, SEBI, RBI & IBBI for the month of March 2021

Article contains updates with respect to Notifications, Circulars, Rules, Regulations issued in the Month of March 2021 by Ministry of Corporate Affairs (MCA), Securities Exchange Board of India, Updates of the Reserve Bank of India (RBI), Insolvency and Bankruptcy Board of India (IBBI) and also includes Recent Corporate News. Article att...

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Posted Under: Company Law |

Audit Report on Maintenance of Software with Audit Trail postponed

Notification No. G.S.R. 248(E). 01/04/2021

Companies (Audit and Auditors) Second Amendment Rules, 2021- MCA has earlier mandated that Auditor has to report in his Audit report starting from 01.04.2021 that if the Company is maintaining its books of account in a Accounting Software which has a feature of recording audit trail (edit log) facility or not. This report is now […...

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Companies Audit Trail Software Mandate postponed to 01-04-2022

Notification No. G.S. R. 247(E). 01/04/2021

Companies (Accounts) Second Amendment Rules, 2021- MCA has postponed the applicability of software with Audit features for Companies from 01.04.2022 instead of 01.04.2021 notified earlier. Also Read:Audit Report on Maintenance of Software with Audit Trail postponed MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st April, 2021 ...

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Amendment to Schedule III of Companies Act 2013 wef 01.04.2021

G.S.R. 207(E) 24/03/2021

Central Government hereby makes the following further amendments in Schedule III to the Companies Act 2013 with effect from 1st day of April, 2021 ...

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MCA broaden scope of reporting by Auditors in Audit report

G.S.R. 206(E) 24/03/2021

MCA has vide its Notification Dated 24th March 2021 notified Companies (Audit and Auditors) Amendment Rules, 2021  and omitted clause (d) of Rule 11 of Companies (Audit and Auditors) Rules, 2014 and added clause (e), (f) and (g). The analysis of pre and post amendment of other matters to be included in the Auditor’s Report […]...

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Companies mandates to use software with audit trail of each transaction

G.S.R. 205(E) 24/03/2021

Companies (Accounts) Amendment Rules, 2021 MCA has vide its notification dated 24.03.2021 (Companies (Accounts) Amendment Rules, 2021) notifies that for the financial year commencing on or after the 1st day of April, 2021, every company which uses accounting software for maintaining its books of account, shall use only such accounting sof...

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MCA notifies amendment in section 124 & 247 of Companies Act, 2013

S.O. 1303(E) 24/03/2021

MCA Notifies the date of commencement of Section 23 and Section 45 of Companies (Amendment) Act, 2020 The Ministry of Corporate Affairs (MCA) vide its Notification Date appointed the 24th March 2021 for commencement of Section 23 and Section 45 of the Companies (Amendment) Act, 2020. Comparative Sections are as follows:- S No. Section of ...

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MCA establishes Central Scrutiny Centre for carrying out scrutiny of STP e-forms

Notification No. S.O. 1257(E). 18/03/2021

Central Government hereby establishes a Central Scrutiny Centre (CSC) for carrying out scrutiny of Straight Through Processes (STP) e-forms filed by the companies under the Act and the rules made thereunder....

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MCA notifies amendment in Section 149 & 197 of Companies Act 2013

Notification No. S.O.1255(E) 18/03/2021

MCA notifies amendment in Section 149(9) (Remuneration of Independent Director In case of absence or inadequate profits) & 197 (Overall Maximum Managerial Remuneration and Managerial Remuneration in Case of Absence or Inadequacy of Profits) of Companies Act 2013 by notifying section 32 & 40 of Companies Amendment Act, 2020 with ef...

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