company law notifications

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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Compilation of MCA notifications on Companies Act, 2013

Company Law - In my Previous article I have discussed  in brief  Circulars issued by MCA till date on Companies Act, 2013  –Compilation of Circulars issued by MCA till date on Companies Act, 2013.  In this article I have compiled in brief notifications issued by MCA since commencement of Companies Act, 2013. 1.    MCA has vide Notification...

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Download Companies (Amendment) Bill, 2014 as passed in Lok Sabha

Company Law - Companies (Amendment) Bill 2014 was introduced in lok Sabha by Shri. Arun Jaitley on 08th December 2014 and same been passed by Lok Sabha on 17 December 2014....

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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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Obligation to comply with Ind AS by subsidiary Payment / Small Finance Banks

General Circular No. 10/2017 - (13/09/2017) - It is hereby clarified that the holding company if it is covered by the corporate sector roadmap for implementation of Ind AS, shall follow the corporate sector roadmap and if the company has got payment bank or small finance bank as its subsidiary then subsidiary company shall follow the banking se...

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Delegation of Power- Section 66(2) Notice for reduction of share capital

S.O. ___(E) - (06/09/2017) - Power of Central Govt u/s 66(2) regarding notice for reduction of share capital delegated to Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Shillong vide notification dated 6.9.2017 ...

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MCA clarifies meaning of joint venture for appointment of Independent Directors

General Circular No. 09/2017 - (05/09/2017) - A joint venture would mean a joint arrangement, entered into in writing, whereby the parties that have joint control of the arrangement, have rights to the net assets of the arrangement. The usage of the term is similar to that under the Accounting Standards....

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Special Court for speedy trial of Company Law Offences in Bihar

S.O. 2872 (E) - (31/08/2017) - S.0 (E).- In exercise of the powers conferred by sub-section (1) of section 435 of the Companies Act, 2013 (18 of 2013), the Central Government, with the concurrence of the Chief Justice of the High Court of Judicature at Patna, hereby designates the following Court mentioned in column (1) the Tabl...

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Commencement of sub-sections (8) to (10) of section 212 of CA 2013

S.O. 2751(E) - (24/08/2017) - Central Government hereby appoints the 24th day of August,2017 as the date on which the provisions of sub-sections (8), (9) and sub-section (10) of section 212 of the Companies Act, 2013 shall come into force....

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Recent Posts in "company law notifications"

Obligation to comply with Ind AS by subsidiary Payment / Small Finance Banks

General Circular No. 10/2017 (13/09/2017)

It is hereby clarified that the holding company if it is covered by the corporate sector roadmap for implementation of Ind AS, shall follow the corporate sector roadmap and if the company has got payment bank or small finance bank as its subsidiary then subsidiary company shall follow the banking sector roadmap...

Read More

Delegation of Power- Section 66(2) Notice for reduction of share capital

S.O. ___(E) (06/09/2017)

Power of Central Govt u/s 66(2) regarding notice for reduction of share capital delegated to Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Shillong vide notification dated 6.9.2017 ...

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MCA clarifies meaning of joint venture for appointment of Independent Directors

General Circular No. 09/2017 (05/09/2017)

A joint venture would mean a joint arrangement, entered into in writing, whereby the parties that have joint control of the arrangement, have rights to the net assets of the arrangement. The usage of the term is similar to that under the Accounting Standards....

Read More

Special Court for speedy trial of Company Law Offences in Bihar

S.O. 2872 (E) (31/08/2017)

S.0 (E).- In exercise of the powers conferred by sub-section (1) of section 435 of the Companies Act, 2013 (18 of 2013), the Central Government, with the concurrence of the Chief Justice of the High Court of Judicature at Patna, hereby designates the following Court mentioned in column (1) the Table below as Special Court for the purpose...

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Commencement of sub-sections (8) to (10) of section 212 of CA 2013

S.O. 2751(E) (24/08/2017)

Central Government hereby appoints the 24th day of August,2017 as the date on which the provisions of sub-sections (8), (9) and sub-section (10) of section 212 of the Companies Act, 2013 shall come into force....

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Companies (Arrests in connection with Investigation by SFIO) Rules, 2017

Notification No. G.S.R. 1062(E) (24/08/2017)

(1) These rules may be called the Companies (Arrests in connection with Investigation by Serious Fraud Investigation Office) Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette....

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Monthly Summary of MCA for the month of July, 2017

No. I-27011/2/2017-Coord (14/08/2017)

A circular was issued to clarify that exemption from section 143(3)(i) of Companies Act, 2013 [reporting on internal financial controls by auditors in their audit reports] given through notification dated 13th June, 2017 shall be applicable for those audit reports in respect of financial statements...

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

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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Posted Under: Company Law |

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

F.No. 1/40/2013 - CL - V

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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Posted Under: Company Law |

Companies (Incorporation) Second Amendment Rules, 2017

Notification No. F. No. 1/13/2013 CL-V (27/07/2017)

28. Shifting of registered office within the same State.- (1) An application seeking confirmation from the Regional Director for shifting the registered office within the same State from the jurisdiction of one Registrar of Companies to the jurisdiction of another Registrar of Companies, shall he filed by the company with the Regional Dir...

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