Company Law - Precedents of issue of debentures in India The requirement of creation of a Debenture Redemption Reserve is unique to India and is globally unheard of. This was inserted in India around the year 1998 in pursuance of recommendation of Committee formed under the chairmanship of Justice D.R. Dhanuka. Apparently, the very motivation for havin...
Read MoreCompany Law - The Ministry of Micro, Small and Medium Enterprises issued a notification on November 2, 2018, which prescribe half-yearly reporting to MCA for the Companies which receives services or goods from micro or small enterprises and whose payments to micro and small enterprises suppliers exceed 45 days....
Read MoreCompany Law - With everything going Digital or Online, even signature has got its Digital Version, commonly known as Digital Signature Certificate or DSC. With Ministry of Corporate Affairs (MCA), Income Tax Authorities and Goods and Service Tax (GST) are already accepting online documents, applicant/taxpayer are now mandatorily required to sign docume...
Read MoreCompany Law - This article is about the problems in authentication and processing of many forms in GST ,MCA, Income tax due to a small errors made by the assessee and hindering his compliance's...
Read MoreCompany Law - We all know that after incorporation of RUN Service (Reserve Unique Name), an applicant seeking reservation of name for a proposed Company or an Existing Company seeking to change its name has to apply for reservation through RUN Service only....
Read MoreCompany Law - To avoid last minute rush and system congestion on the MCA21 Portal on account of Annual Filings during the Month of October and November 2019, Companies are requested to file their Financial Statements and Annual Returns at the earliest, Without Postponing it to the Last Days....
Read MoreCompany Law - Press Information Bureau Government of India Ministry of Statistics & Programme Implementation 30 MAY 2019 4:45PM by PIB Delhi National Accounts Statistics: A clarification on the usage of MCA Corporate Database 1. This press release is being issued to clarify on the recent media reports on the usage of corporate sector database (Mini...
Read MoreCompany Law - 1. The Technical Report of Services Sector Enterprises in India, which was finalized under the 74thRound of National Sample Survey, was released recently by the National Sample Survey Office (NSSO). The survey utilized a sample of 35456 enterprises taken from the database of Ministry of Corporate Affairs (MCA) for the comprised out-of-sur...
Read MoreCompany Law - With effect from 6PM of 4th November 2017, stakeholders will NOT be required to upload signed 49A/49B using Submit application for PAN/TAN service, in respect of any fresh SPICe submission or Resubmission cases. PAN and TAN will continue to be issued as before based on the details submitted in the SPICe form itself. ...
Read MoreCompany Law - Since the stakeholders are still facing difficulties in accessing the MCA portal and filing of e-forms resulting in delayed filing of e-forms, we request you to further relax the additional fee payable on e-forms which are due for filing by companies between May 01, 2016 and the date by which the normal functioning of the MCA site is rest...
Read MoreNotification No. G.S.R. 48(E) - (20/01/2018) - In exercise of the powers conferred by sections 396, 398, 399, 403 and 404 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Registration Offices and Fees) Rules, 2014, na...
Read MoreG.S.R. 1526(E) - (20/12/2017) - 1. These rules may be called the Companies (cost records and audit) Second Amendment Rules, 2017. 2. In the Companies (cost records and audit) Rules, 2014 (hereinafter referred to as the principal rules), in rule 2, for clause (aa) the following clause shall be substituted and shall be deemed to hav...
Read MoreF. No. 17/112/2016-CL-V - (30/09/2016) - Several audit firms have represented about adverse impacts on Indian audit firms due to the structuring of certain audit firms leading to circumvention of various regulations, manner in which auditor rotation requirements is being implemented by companies, and imposition of restrictive conditions by...
Read MoreD.O. NO.IC/CIR.14/PLS/MCA21/2013 - (19/12/2013) - Ministry of Corporate Affairs (MCA) has taken serious view of the pendency of eforms in various offices of the MCA in South East Region and issued instructions to this Directorate to take steps to impress upon the certifying professionals (CA/CS/CMA) to completely avoid defective filings so as to fa...
Read MoreGeneral Circular No.30,31/2012 - (28/09/2012) - The Ministry of Corporate Affairs vide its General Circular No.30/2012 Dated 28.09.2012, mandates the due date of filing of e‐forms 23AC(Non‐XBRL) and 23ACA (Non XBRL) as per new schedule VI extended in following manner without any additional fee :‐ • Company holding AGM or whose due ...
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Notification No. G.S.R. 48(E) - (20/01/2018) -