Company Law : The scheme provides a last opportunity for defaulting companies to file pending returns and financial statements with reduced pena...
Company Law : This guide explains the mandatory conditions, documentation, and procedural steps for converting a partnership into a company. It ...
Company Law : The case examined whether extending redemption timelines amounts to reissuance. The Tribunal held that extensions within statutory...
Company Law : MCA has confirmed that extension of annual filing timelines till 31st December 2025 does not extend statutory deadline for holding...
Company Law : A guide to issuing bonus shares for private companies under the Companies Act, 2013, covering legal frameworks, procedural steps, ...
Company Law : The initiative addresses inefficiencies in the current filing system and proposes consolidation and automation. It highlights a sh...
Company Law : NFRA found major deficiencies in audit documentation and archival practices. The report highlights the need for stronger controls ...
Company Law : The inspection report highlights deficiencies in audit documentation, independence monitoring and compliance with auditing standar...
Company Law : The regulator found that the audit firm lacked an effective monitoring mechanism to ensure firmwide independence policies were pro...
Company Law : NFRAs inspection found gaps in audit documentation, revenue testing, and risk assessment practices, stressing the need for stronge...
Company Law : Penalty imposed on Sh. Laxit Awla under Section 165 of Companies Act, 2013, for exceeding directorship limits. Details on violatio...
Corporate Law : That the period of lockdown ordered by the Central Government and the State Governments including the period as may be extended ei...
Company Law : ROC Mumbai imposed penalty for possessing duplicate Director Identification Numbers in violation of Section 155. The ruling highli...
Company Law : ROC Delhi held that failure to regularize an Additional Director at the next AGM violated Section 161(1) of the Companies Act. Sin...
Company Law : The ROC found that the company failed to timely record cessation of an Additional Director whose office had automatically vacated ...
Company Law : ROC Mumbai held that even clerical mistakes in DIR-12 can attract penalty under Section 450 when incorrect information is certifie...
Company Law : The ROC imposed penalties after a company extended its rights issue offer period following requests from promoter shareholders. Th...
Companies have approached the department and courts for refund of the excess registration fees paid by them on account of the said anomaly.
directed to forward here with a copy of the Companies (Amendment) Act, 2002 published in the Gazette of India (Extraordinary) on 1st January, 2003 for your information and necessary action.
In continuation to this Department’s General Circular No. 9/2002 dated 18.4.2002, it is clarified that for Housing Finance Companies registered with the National Housing Bank under Housing Finance Companies (NHB) Directions, 2001
I am directed to forward herewith a copy of the Notifications published in the Gazette of India (Extraordinary) for your information and necessary action:-
Disqualification of Directors under Section 274(1)(g) of the Companies Act, 1956 – Clarificar
Reopening/revision of annual accounts after their adoption in the annual general meeting. In partial modification of earlier view on re-opening/revision of annual accounts, this Department had clarified in 1987 that a company could reopen and revise its accounts even after their adoption in the annual general meeting in order to comply with technical requirements of taxation laws and further adopt the revised annual accounts in the subsequent annual general meeting and file with the Registrar of Companies.
However, it has come to the notice of the Department that an interpretation is being made that cost auditor can be a member of audit committee. It is reiterated that the cost auditor cannot become a member of audit committee and wherever
G.S.R. 5(E).- 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
directed to forward herewith a copy of the Notifications published in the Gazette of India (Extraordinary) for your information and necessary action.
.In order to have uniformity in the matter of submission of the Cost Audit Reports by the Cost Auditors and for the sake of convenience of management of data contained in these reports, the soft copy of the report shall henceforth, be submitted in non re-writable CD-ROM containing two files/parts.
