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The Companies (Acceptance of Deposits) Second Amendment Rules, 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.
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 activities and experts from the field of investors education and protection. The non-official Members shall hold office for a period of two years. The Official members shall hold office for a period of two years or until they occupy their position which ever is earlier The constitution of the Committee shall be notified in the Official Gazette.
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.
General Circular No. 19/2001 announces Shri Vinod Dhall’s appointment as Chairman of the Committee on Investors Education and Protection Fund.
Amendment in Schedule XV to the Companies Act, 1956
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.
New amendments to the Companies (Acceptance of Deposits) Rules, 1975 define conditions for private company deposits, small depositor reporting, and complaint authority.
Ministry of Law announces the removal of specific entries from Schedule XV of the Companies Act, 1956, as per Notification G.S.R. 686(E) dated September 21, 2001.
General Circular No. 15/2001 announces formation of National Advisory Committee on Accounting Standards, per S.O. 841(E) dated 29th August 2001.
