ministry of corporate affairs

Remedial Measures for Removal of Disqualification of Directors

Company Law - The purpose of this Article is to enlighten upon the remedial measures for the removal of disqualification of Directors by the Ministry of Corporate Affairs (MCA). The MCA has displayed lists of directors, who are disqualified for a period of 5 years with effect from 01.11.16 until 31.10.21, on the MCA Portal on the basis of RoC jurisdict...

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MCA liberalizes acceptance of deposits from members

Company Law - Ministry of Corporate Affairs has yet again revised the provisions relating to acceptance of deposits under the Act, 2013 with its notification dated September 19, 2017. The Companies (Acceptance of Deposits) Second Amendment Rules, 2017 substitutes the proviso to sub-rule (3) of rule 3 relating to acceptance of deposits by members and br...

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Analysis of SEBI / MCA Circular on Financial Results & Ind-AS

Company Law - Ministry of Corporate Affairs (MCA) vide notification no. G.S.R. 111(E) dated February 16, 2015 had issued the Companies (Indian Accounting Standards) Rules, 2015. Pursuant to this Rules, the Company and their Statutory Auditor(s) shall comply with the Indian Accounting Standards (Ind AS) in preparation of their Financial Statements an...

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Form No. GNL-4 for filing addendum for rectification of defects or incompleteness notified

Company Law - Earlier the Ministry of Corporate Affairs (‘MCA’) had released various e-Forms by the Companies (Registration Offices and Fees) Amendment Rules, 2014 vide Notification No. G.S.R. 297(E) dated 28 April 2014 with effect from 28 April 2014. The MCA has made further amendment in Rule 10 by the Companies (Registration Offices and Fees) Ame...

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Corporate Governance and Corporate Social Responsibility

Company Law - Shrutika Kohli A systematic process which enables an organization to operate in a manner that meets with the business, legal and ethical expectations. It is a internal system encompassing policies, processes and people which serves the needs of all stakeholders by structuring, operating, directing and controlling management activities wit...

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No need to file PAN-TAN application in Form 49A/49B after filing SPICe e-forms: MCA

Company 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. ...

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‘Task Force on Shell Companies’ for effectively tackling malpractices

Company Law - With a view to have consolidated relevant information at one place and based upon inputs from all law enforcement agencies, the Serious Fraud Investigation Office under the Ministry of Corporate Affairs has undertaken the exercise of preparing comprehensive digital database of shell companies and their associates that were identified by v...

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ICAI invites feedback and improvement ideas to improve MCA Services

Company Law - ICAI Request to give feedback and improvement ideas in the present service delivery of the Ministry of Corporate Affairs as desired by National Productivity Council (NPC). ...

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MCA releases Induction material corrected up to 31.03.2017

Company Law - The Department of Company Affairs was first constituted in 1950s. It remained either a Department or a part of Ministry of Law, Ministry of Finance or Ministry of Commerce till 2004. It became a Ministry in 2004 and acquired its present name in May 2007...

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9 Major policy initiatives and achievements of MCA in 2016

Company Law - Major policy initiatives and achievements of the Ministry of Corporate Affairs (MCA); MCA entrusted with the responsibility to administer the Insolvency and Bankruptcy Code, 2016 (Code);The Insolvency and Bankruptcy Board of India (IBBI) established; Stabilization of the Cost Records and Audit Rules...

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Procedure for insertion of New Director Name from back end

ROCH/SEC167(3)/2017 - (17/10/2017) - Request letter signed by the Promoters/shareholders of the company explaining the facts and requesting for insertion of at least one director through back end of the MCA portal with the following attachments. ...

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MCA passes resolutions to increase use of Hindi Language

Resolution No. 20012/1/2017-O.L.(Policy) - (07/04/2017) - 20012/01/2017-0L(Policy) : The Committee of Parliament on Official Language was constituted in 1976 under the Section 4(1) of the Official Languages Act, 1963. The Committee submitted ninth part of its Report -Lathe President on 02.06.2011 relating to Ministry-wise/Region-wise assessment of the use ...

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List of Companies Liable to Cost Audit for the financial year 2010-11

File No. 52/26/CAB-2010 - (16/12/2010) - It is hereby informed that in exercise of the powers conferred by sub-section (1) of section 233B of the Companies Act, 1956 (1 of 1956), the Central Government has issued Orders to the effect that an audit of the cost accounting records maintained by the following companies be conducted for the yea...

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Notification No. G.S.R.881(E), dated 3-11-2010

Notification No. G.S.R. 881(E) - (03/11/2010) - ISSUED BY MINISTRY OF CORPORATE AFFAIRS- In exercise of the powers conferred by sub-section (1) of Section 637A of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following amendments in the notification of the Government of India, erstwhile Ministry of Law, Justice and ...

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Notification No. G.S.R. 848(E), dated 15-10-2010

Notification No. G.S.R. 848(E) - (15/10/2010) - It is also confirmed that the appointed director (s) whose particulars are given above, has given a declaration to the company that he/she has not been declared as proclaimed offender by any Economic Offence Court or Judicial Magistrate Court or High Court or any other Court....

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Recent Posts in "ministry of corporate affairs"

No need to file PAN-TAN application in Form 49A/49B after filing SPICe e-forms: MCA

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 More
Posted Under: Company Law |

Procedure for insertion of New Director Name from back end

ROCH/SEC167(3)/2017 (17/10/2017)

Request letter signed by the Promoters/shareholders of the company explaining the facts and requesting for insertion of at least one director through back end of the MCA portal with the following attachments. ...

Read More

Remedial Measures for Removal of Disqualification of Directors

The purpose of this Article is to enlighten upon the remedial measures for the removal of disqualification of Directors by the Ministry of Corporate Affairs (MCA). The MCA has displayed lists of directors, who are disqualified for a period of 5 years with effect from 01.11.16 until 31.10.21, on the MCA Portal on the basis of RoC jurisdict...

Read More
Posted Under: Company Law |

MCA liberalizes acceptance of deposits from members

Ministry of Corporate Affairs has yet again revised the provisions relating to acceptance of deposits under the Act, 2013 with its notification dated September 19, 2017. The Companies (Acceptance of Deposits) Second Amendment Rules, 2017 substitutes the proviso to sub-rule (3) of rule 3 relating to acceptance of deposits by members and br...

Read More
Posted Under: Company Law |

‘Task Force on Shell Companies’ for effectively tackling malpractices

With a view to have consolidated relevant information at one place and based upon inputs from all law enforcement agencies, the Serious Fraud Investigation Office under the Ministry of Corporate Affairs has undertaken the exercise of preparing comprehensive digital database of shell companies and their associates that were identified by v...

Read More
Posted Under: Company Law |

ICAI invites feedback and improvement ideas to improve MCA Services

ICAI Request to give feedback and improvement ideas in the present service delivery of the Ministry of Corporate Affairs as desired by National Productivity Council (NPC). ...

Read More
Posted Under: Company Law |

MCA releases Induction material corrected up to 31.03.2017

The Department of Company Affairs was first constituted in 1950s. It remained either a Department or a part of Ministry of Law, Ministry of Finance or Ministry of Commerce till 2004. It became a Ministry in 2004 and acquired its present name in May 2007...

Read More
Posted Under: Company Law |

MCA passes resolutions to increase use of Hindi Language

Resolution No. 20012/1/2017-O.L.(Policy) (07/04/2017)

20012/01/2017-0L(Policy) : The Committee of Parliament on Official Language was constituted in 1976 under the Section 4(1) of the Official Languages Act, 1963. The Committee submitted ninth part of its Report -Lathe President on 02.06.2011 relating to Ministry-wise/Region-wise assessment of the use of Hindi...

Read More

9 Major policy initiatives and achievements of MCA in 2016

Major policy initiatives and achievements of the Ministry of Corporate Affairs (MCA); MCA entrusted with the responsibility to administer the Insolvency and Bankruptcy Code, 2016 (Code);The Insolvency and Bankruptcy Board of India (IBBI) established; Stabilization of the Cost Records and Audit Rules...

Read More
Posted Under: Company Law |

Actions taken by govt against NSEL and its promoters

Ministry of Corporate Affairs has taken following actions against NSEL and its promoters and the defaulting companies under various provisions of Companies Act, 1956:...

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Posted Under: Company Law |
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