ministry of corporate affairs

Analysis of Union Budget 2021-22

Company Law - On 29 Jan. 2021, the current Budget Session was presented by Prime Minister Narendra Modi to satisfy the political dissidents' desires. To deal with COVID-19 induced lockdowns, several mini-budget-like packages were announced last year....

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Views on Enhancing Audit Independence & Accountability

Company Law - In this article author gives his views on the Consultation Paper with Justification to Examine the Existing Provisions of Law and Make Suitable Amendments therein to Enhance Audit Independence and Accountability...

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MCA’s revised framework on Debenture Redemption Reserve: A relaxation or confusion?

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...

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FAQs on Digital Signature Certificate (DSC)

Company 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...

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MCA provides Much Needed relaxation on RUN

Company 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....

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Govt received complains against marketplace e-commerce entities

Company Law - Government has received complaints from traders, retailers and industry associations against marketplace e-commerce entities regarding deep discounting, predatory pricing and misuse of market dominance.The said complaints have been forwarded to relevant Government agencies for necessary examination and investigation....

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52,391 entities recognized as startups

Company Law - Indian startup ecosystem is widely recognized as the 3rd largeststartup ecosystem. As of 14th , July 2021 total 52,391 entities are recognized as startups by Department for Promotion of Industry and Internal Trade (DPIIT) and as of 14th July 2021, more than 5.7 lakh jobs have been reported by more than 50,000 startups....

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Shri Rao Inderjit Singh takes charge as Union Minister of State in Ministry of Corporate Affairs

Company Law - Shri Rao Inderjit Singh took charge as Union Minister of State in the Ministry Corporate Affairs (MCA), here today. Before taking charge as Union Minister of State for MCA, Shri Singh already holds Union Minister of State (Independent Charges) for Ministry of Statistics and Programme Implementation as also for the Ministry of Planning....

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Vacancy with MCA as Drafting Counsel for CA, CS, CMA & LLB

Company Law - Office of the Official Liquidator is in the process of recruiting Chartered Accountants, Company Secretaries, Cost and Works Accountant and LLB as Associates on contract basis for a period of 12 months on a monthly remuneration of Rs.40,000/- p.m. subject to TDS and on the terms and conditions governing such appointment....

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Fast track approvals for imported cylinders & pressure vessels for storage & transportation of medical oxygen

Company Law - Relaxations provided under Gas Cylinders Rules, 2016,so as to fast track approvals for imported cylinders and pressure vessels for storage and transportation of medical oxygen Government of India has reviewed the existing procedure for approval of global manufacturers for importing oxygen cylinders by Petroleum and Explosive Safety Organi...

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Clarification on spending of CSR funds for COVID-19 vaccination

General Circular No. 13/2021 - (30/07/2021) - Spending of CSR funds for COVID-19 vaccination for persons other than the employees and their families, Is an eligible CSR activity under item no. (i) of Schedule VII of the Companies Act, 2013 relating to promotion of health care including preventive health care and item no. (xii) relating to disas...

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Companies (Creation and Maintenance of data bank of Independent Directors) Amendment Rules, 2021

Notification No. G.S.R. 418(E) - (18/06/2021) - In case of delay on the part of an individual in applying to the institute under sub-rule (7) for inclusion of his name in the data bank or in case of delay in filing an application for renewal thereof, the institute shall allow such inclusion or renewal, as the case may be, under rule 6 of the Comp...

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MCA allows Board Meeting via Video Conferencing permanently

G.S.R. 409(E) - (15/06/2021) - Ministry of Corporate Affairs (MCA) has, vide its Notification dated June 15, 2021, notified the amendment in Companies (Meetings of Board and its Powers) Rules, 2014. The said amendment has been notified to delete the provision related to restriction of conducting Board Meeting through Video Confer...

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Insolvency and Bankruptcy (pre-packaged insolvency resolution process) Rules, 2021

Notification No. F. No. 30/20/2020 - (09/04/2021) - These rules may be called the Insolvency and Bankruptcy (pre-packaged insolvency resolution process) Rules, 2021. They shall come into force on the date of their publication in the Official Gazette....

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MCA constitutes Committee to review offences under Companies Act, 2013

F. No. 2/1/2018-CL.V - (13/07/2018) - Ministry of Corporate Affairs (MCA) has constituted a 10 Member Committee, headed by the Secretary of Ministry of Corporate Affairs, for review of the penal provisions in the Companies Act, 2013 may be setup to examine ‘de-criminalisation’ of certain offences....

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Recent Posts in "ministry of corporate affairs"

Clarification on spending of CSR funds for COVID-19 vaccination

General Circular No. 13/2021 30/07/2021

Spending of CSR funds for COVID-19 vaccination for persons other than the employees and their families, Is an eligible CSR activity under item no. (i) of Schedule VII of the Companies Act, 2013 relating to promotion of health care including preventive health care and item no. (xii) relating to disaster management. General Circular No. 13/...

Read More

Govt received complains against marketplace e-commerce entities

Government has received complaints from traders, retailers and industry associations against marketplace e-commerce entities regarding deep discounting, predatory pricing and misuse of market dominance.The said complaints have been forwarded to relevant Government agencies for necessary examination and investigation....

Read More
Posted Under: Company Law |

52,391 entities recognized as startups

Indian startup ecosystem is widely recognized as the 3rd largeststartup ecosystem. As of 14th , July 2021 total 52,391 entities are recognized as startups by Department for Promotion of Industry and Internal Trade (DPIIT) and as of 14th July 2021, more than 5.7 lakh jobs have been reported by more than 50,000 startups....

Read More
Posted Under: Company Law |

Shri Rao Inderjit Singh takes charge as Union Minister of State in Ministry of Corporate Affairs

Shri Rao Inderjit Singh took charge as Union Minister of State in the Ministry Corporate Affairs (MCA), here today. Before taking charge as Union Minister of State for MCA, Shri Singh already holds Union Minister of State (Independent Charges) for Ministry of Statistics and Programme Implementation as also for the Ministry of Planning....

Read More
Posted Under: Company Law |

Vacancy with MCA as Drafting Counsel for CA, CS, CMA & LLB

Office of the Official Liquidator is in the process of recruiting Chartered Accountants, Company Secretaries, Cost and Works Accountant and LLB as Associates on contract basis for a period of 12 months on a monthly remuneration of Rs.40,000/- p.m. subject to TDS and on the terms and conditions governing such appointment....

Read More
Posted Under: Company Law |

Companies (Creation and Maintenance of data bank of Independent Directors) Amendment Rules, 2021

Notification No. G.S.R. 418(E) 18/06/2021

In case of delay on the part of an individual in applying to the institute under sub-rule (7) for inclusion of his name in the data bank or in case of delay in filing an application for renewal thereof, the institute shall allow such inclusion or renewal, as the case may be, under rule 6 of the Companies (Appointment and Qualification of ...

Read More

MCA allows Board Meeting via Video Conferencing permanently

G.S.R. 409(E) 15/06/2021

Ministry of Corporate Affairs (MCA) has, vide its Notification dated June 15, 2021, notified the amendment in Companies (Meetings of Board and its Powers) Rules, 2014. The said amendment has been notified to delete the provision related to restriction of conducting Board Meeting through Video Conferencing/Other Audio-Visual Means for sele...

Read More

Analysis of Union Budget 2021-22

On 29 Jan. 2021, the current Budget Session was presented by Prime Minister Narendra Modi to satisfy the political dissidents' desires. To deal with COVID-19 induced lockdowns, several mini-budget-like packages were announced last year....

Read More
Posted Under: Company Law |

Fast track approvals for imported cylinders & pressure vessels for storage & transportation of medical oxygen

Relaxations provided under Gas Cylinders Rules, 2016,so as to fast track approvals for imported cylinders and pressure vessels for storage and transportation of medical oxygen Government of India has reviewed the existing procedure for approval of global manufacturers for importing oxygen cylinders by Petroleum and Explosive Safety Organi...

Read More
Posted Under: Company Law |

Insolvency and Bankruptcy (pre-packaged insolvency resolution process) Rules, 2021

Notification No. F. No. 30/20/2020 09/04/2021

These rules may be called the Insolvency and Bankruptcy (pre-packaged insolvency resolution process) Rules, 2021. They shall come into force on the date of their publication in the Official Gazette....

Read More

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