company law notifications

Company Law / MCA Updates for the Month of September 2018

Company Law - Article analyses Notifications, Rules and Circulars issued by MCA during September 2018 related to Companies Act, 2013 and Limited Liability Partnership Act, 2008. A. Company Law Rules & Schedules 1. Companies (Prospectus and Allotment of Securities) 3rd Amendment Rules 2018 (September 10,2018) The MCA has notified the Companies (Pros...

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MCA notifies Additional fee of Rs.100 per day for delay in filing ROC Forms

Company Law - In case the due date of filings under Section 92 (Annual Return) or 137 (Annual Financial Statement) of the Companies Act, 2013 expires after 30/06/2018, the additional fee @Rs.100 per day shall become payable in respect of MGT-7, AoC-4, AoC-4 XBRL and AoC-4 CFS....

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Removal of Names of Companies under Companies Act, 2013

Company Law - Now, the process of removing the name of the company from register of Registrar has been simplified. Now instead of sending several notices as required in section 560 of the Companies Act, 1956...

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Statutory Auditor Under Companies Act, 2013-FAQs

Company Law - 1. Who Will Appoint First Auditor? Sol. As per Section 139(6): First Auditor will be Appoint by Board of Directors of Company within 30 days of Incorporation of Company....

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The Companies (Amendment) Act, 2015

Company Law - The Companies (Amendment) Bill received the assent of the President on the 25th May, 2015 and published in official Gazette of India on 26th May, 2015 and became “THE COMPANIES (AMENDMENT) ACT, 2015. This Act shall come into force on 26th May, 2015 (Date as The proposed amendments deal with related party transactions, fraud reporting b...

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

Company 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

Company 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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Show cause notices to 1018 companies for violation of CSR norms

Company Law - Show cause notices have been issued to 1018 companies for 2014-15 for violation of Section 135 read with Section 134(3) (o) of the Companies Act, 2013....

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Harsh punitive against deviant Shell Companies: MOF

Company Law - Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of dormant companies, invocation of Benami Transactions (Prohibition) Amendment Act, 2016; A Task Force set-up under the Co-chairmanship of the Revenue Secretary and Corporate Affairs Secretary with members fr...

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MCA Invite Comments on Draft CARO Report, 2016

Company Law - (1) This Order may be called the Companies (Auditor's Report) Order, 2016. (2) It shall apply to every company including a foreign company as defined in clause (42) of section 2 of the Companies Act, 2013 (18 of 2013) [hereinafter referred to as the Companies Act], except:–...

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Committee for finalizing BRR Format for Listed / Unlisted Companies

F. No. 10/19/2018-CSR (Part File - 2) - (14/11/2018) - 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....

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MCA notifies National Financial Reporting Authority (NFRA) Rules, 2018

G.S.R. 1111(E) - (13/11/2018) - 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 stand...

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Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018

G.S.R (E). - (13/11/2018) - 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...

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President assents Companies (Amendment) Ordinance, 2018

No 9 OF 2018 - (02/11/2018) - Hon'ble President has given his assent to Companies (Amendment) Ordinance, 2018 with effect from 02nd November 2018. Companies (Amendment) Ordinance, 2018 amends 31 Provisions of Companies Act, 2013. Text of Companies (Amendment) Ordinance, 2018 is as follows:-...

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MCA extends due date of Filing Annual ROC Returns to 31.12.2018

General Circular No. 10/2018 - (29/10/2018) - MCA decided to relax the additional fees payable by companies on e-forms AOC-4, AOC (CFS) A0C-4 XBRL and e- Form MGT-7 upto 31.12.2018, wherever additional fee is applicable....

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Recent Posts in "company law notifications"

Committee for finalizing BRR Format for Listed / Unlisted Companies

F. No. 10/19/2018-CSR (Part File - 2) (14/11/2018)

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....

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MCA notifies National Financial Reporting Authority (NFRA) Rules, 2018

G.S.R. 1111(E) (13/11/2018)

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 t...

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Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018

G.S.R (E). (13/11/2018)

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 Not...

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President assents Companies (Amendment) Ordinance, 2018

No 9 OF 2018 (02/11/2018)

Hon'ble President has given his assent to Companies (Amendment) Ordinance, 2018 with effect from 02nd November 2018. Companies (Amendment) Ordinance, 2018 amends 31 Provisions of Companies Act, 2013. Text of Companies (Amendment) Ordinance, 2018 is as follows:-...

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MCA extends due date of Filing Annual ROC Returns to 31.12.2018

General Circular No. 10/2018 (29/10/2018)

MCA decided to relax the additional fees payable by companies on e-forms AOC-4, AOC (CFS) A0C-4 XBRL and e- Form MGT-7 upto 31.12.2018, wherever additional fee is applicable....

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MCA establishes office of Registrar of Companies at Dehradun

S.O. (E) (26/10/2018)

Central Government hereby establishes office of Registrar of Companies cum Official Liquidator at Dehradun, having territorial jurisdiction in whole State of Uttarakhand for discharging functions of Registrar of Companies ...

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Section 454 of CA, 2013 – Adjudication of penalties – Amendment

Notification No. S.O. 5459(E) (26/10/2018)

Notification under section 454 of CAompanies Act, 2013 dated 26.10.2018- Appointment of RoCs as adjudicating officers with jurisdiction and their appellate authorities u/s 454 of CA 2013. Ministry of Corporate Affairs Notifications New Delhi, Dated: 26.10.2018 S.O. 5459(E)._ In exercise of the powers conferred by section 454 of the Compan...

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MCA establishes office of Registrar of Companies at Vijayawada

S.O. (E) (26/10/2018)

Notification under section 396 of CA 2013 – ROC Vijayawada dated 26.10.2018- MCA establishes the office of the Registrar of Companies at Vijayawada for discharging function under Cos. Act Ministry of Corporate Affairs Notifications New Delhi, Dated: 26.10.2018 S.O. (E) In exercise of the powers conferred by sub-sections (1) and (2) of s...

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MCA notifies remaining NFRA constitution provisions WEF 24.10.2018

S.O. 5385(E) (24/10/2018)

MCA has already notified sub-section (1), (3), (11) and 12 of Section 132 of Companies Act, 2013 related to Constitution of National Financial Reporting Authority (NFRA), and omitted Sub-section (6) to (9) of the same. Now Central Government has appointed 24 October 2018 as the date on which the provisions of sub-section (2),(4),(5),(10),...

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MCA Amends disclosure requirement in Balance Sheet & P&L Statement

notification dated 11/10/2018 (13/10/2018)

MCA amends Instructions For Preparation of Balance Sheet and Statement Of Profit And Loss of A Company / NBFCs Ministry of Corporate Affairs notifies Ind AS Schedule III applicable to NBFCs. Schedule III will apply to NBFCs covered under Ind AS applicability. MCA has also amended the existing Division I (Indian GAAP) & Division II [&h...

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