Company Law : MCA fines LinkedIn and its directors for incorrect disclosures. Learn about beneficial ownership and legal implications in this Li...
Corporate Law : Discover the new 'Change Request Form' by MCA for updating corporate information on MCA records, simplifying compliance and govern...
Company Law : Learn the step-by-step process of converting an LLP into a Private Limited Company, including legal aspects, tax implications, and...
Company Law : Explore the game-changing Companies (Listing of Equity Shares in Permissible Jurisdictions) Rules, 2024, paving the way for Indian...
Company Law : Explore the latest MCA notification on LLPs introducing mandatory statutory registers. Learn about Rule 22A, applicable compliance...
Corporate Law : Join the discussion on MCA's proposed changes to Insolvency and Bankruptcy Code rules. Learn how to participate and share your ins...
Corporate Law : Explore the Ministry of Corporate Affairs draft policy for pre-legislative consultation and a comprehensive review of rules and re...
Company Law : Ministry of Corporate Affairs is launching STK-2 form along with C-PACE functionality on 01st May 2023 at 12:00 AM....
CA, CS, CMA : ICSI developed separate google forms to obtain the details of such issues so as to sort them for easy redressal. On the basis of t...
CA, CS, CMA : Institute has been receiving queries regarding the issues being faced by stakeholders in filling and filing of e-Forms on MCA-21 V...
Company Law : Kunhi Muhammed Etayattil Vs Asst. Registrar of Companies (Kerala High Court) HC remarked that,The facts of the case disclose a sor...
Company Law : The NFRA fines Shridhar & Associates and CA Ajay Vastani for professional misconduct in auditing RCFL's financials for FY 2018-19....
Company Law : MCA imposes Rs. 2.25 Lakh Penalty on M/s. Martin Windfarms Pvt. Ltd. & Directors for erroneous disclosure under Section 134 of Com...
Company Law : Learn about M/s. Daison Land and Development Pvt. Ltd.'s penalty under Section 454 for breaching Section 134(3)(h) of the Companie...
Company Law : Authorized Representative of the company highlighted the company's status as a private limited entity during the fiscal year 2015-...
Company Law : RBN Infrastructures India Limited faces penalties for non-compliance with Section 92(4) of the Companies Act, 2013, highlighting t...
The Core Group constituted by MCA for convergence of Indian Accounting Standards with the International Financial Reporting Standards (IFRS) had announced the approach and timelines for achieving convergence with IFRS on 22 January 2010 and a separate approach on 31 March 2010 for the convergence of Indian Accounting Standards by the Banking companies, Insurance companies and Non-Banking Finance Companies.
A meeting of the Core Group constituted by the Ministry of Corporate Affairs for convergence of Indian Accounting Standards with the International financial Reporting Standards (IFRSs) from the year 2011 was held on 11th January, 2010 and on 29th March, 2010 under the chairmanship of Shri R. Bandyopadhyay, Secretary , Ministry of Corporate Affairs. These meetings were attended by the officials from Ministry of Finance, SEBI, RBI, IRDA C&AG, PFRDA, ICAI, Industry Representatives and other experts.
The Corporate Affairs Ministry today said it was collecting information on all franchisees of IPL teams and described this as a part of normal practice for any company and was not a probe. “My ministry is merely collecting information that we should have in the normal course of those companies that are franchisee companies,” Corporate Affairs Minister Salman Khurshid told reporters here.
In the meeting held on 29th March, 2010, the Core Group deliberated and approved the Roadmap recommended by Sub-Group I in respect of insurance companies, banking companies and non-banking finance companies. The Roadmap recommended by Sub-Group I for such classes of companies is as under:-
The Institute of Chartered Accountants of India (ICAI) organized a special address for its members on March 12, 2010 at Vigyan Bhawan, New Delhi. It was for the first time that the Hon’ble Minister of State (Independent Charge) of Corporate Affairs, Shri Salman Khurshid addressed the members of the profession since the time the Minister had taken charge of the Ministry of Corporate Affairs.
The ministry of company affairs said that it was yet to receive a detailed report from the Institute of Chartered Accountants of India on the audit and accounting major PricewaterhouseCoopers, which was involved in an accounting goof-up in the Rs 10,000-crore (Rs 100-billion) Satyam scandal.
On 22 January 2010, the Ministry of Corporate Affairs (MCA) issued a press release setting out the roadmap for International Financial Reporting Standards (IFRS) convergence in India. The roadmap requires IFRS to be made applicable in a phased manner. This is an historic step that will elevate Indian entities and their finance and accounting professionals to much greater heights. The publication of the roadmap was eagerly awaited by those who have been saying that the convergence to IFRS in India is a matter of when and how” and not “if.”
Explore the complexities of corporate filing in India, revealing potential pitfalls and complications. Learn how internal filing mechanisms and misuse of authority can lead to legal disputes, hindering a companys progress. Legal expert V. Durga Rao provides insights and advice for effective corporate governance.
The government will sift through the financial data filed by companies with the Registrar of Companies to get a better picture of their investments and expenditure, helping it get better inputs for key policy decisions such as tax incentives. Financial details submitted with the RoC will be aggregated under various parameters such as investments, deposits and trade debt, a government official told. The initiative is driven by the ministry of corporate affairs. The RoC has financial data of nearly 10 lakh companies stored in its database management system, MCA-21.
In exercise of the powers conferred by sub-section (2) of section 610B of the Companies Act, 1956, the Central Government hereby makes the following Scheme to amend the Scheme for Filing of Statutory Documents and other Transactions by Companies in Electronic Mode, namely:-
