ministry of corporate affairs articles

MCA issues updated FAQs on V3 Portal

MCA has discontinued on V2 portal and have been migrated to V3 portal. Version 2 of MCA portal was used to file various forms relating to Companies and LLP’s. MCA has not discontinued V2 portal and introduced V3 portal which is enhanced version of V2 portal. Articles contains FAQs related to MCA V2 and V3. […]...

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Posted Under: Company Law |

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....

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Posted Under: Company Law |

Views on Enhancing Audit Independence & Accountability

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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Posted Under: Company Law |

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

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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Posted Under: Company Law |

FAQs on Digital Signature Certificate (DSC)

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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Posted Under: Company Law |

MCA provides Much Needed relaxation on RUN

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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Posted Under: Company Law |

Condonation Of Delay Scheme, 2018- A Breather for disqualified directors

Eligibility for Condonation Of Delay Scheme, 2018: Condonation Of Delay Scheme, 2018 is available to all the defaulting companies other than the companies which have been stuck off or whose names have been removed from the register of companies....

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Posted Under: Company Law |

Condonation of delay scheme, 2018: Process, Documents & Impact

ondonation of Delay Scheme 2018 is available for: Companies whose status is Active on MCA Portal. Condonation of Delay Scheme 2018 Scheme is not available for: Companies who are struck off or whose ame has been removed from the ROC u/s 285(5)...

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Posted Under: Company Law |

Registered Valuers : New Opportunity for CAs / CMAs / CS

Ministry of Corporate Affairs (MCA) has notified the provisions governing valuation by registered valuers [section 247 of the Companies Act, 2013 and the Companies (Registered Valuers and Valuation) Rules, 2017 (the Rules), both to come into effect from 18 October, 2017....

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Posted Under: Company Law |

Condonation of delay scheme, 2018 for defaulting companies and directors

1. Condonation of Delay Scheme 2018 is applicable to all the Annual returns forms and Form ADT-1. 2. Condonation of Delay Scheme 2018 shall come into force with effect from January 01, 2018 and shall remain in force up to March 31, 2018 i.e. for a period of three months....

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Posted Under: Company Law |

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