Company Law : The transition to the new MCA portal disrupted statutory filings due to login, DSC, and payment failures. The key takeaway is that...
Company Law : MCA V3 launches revised MGT-7 for FY 2024-25. PAN, Folio, and validation sheet are mandatory for shareholders; external Excel use ...
Company Law : MCA has updated annual forms MGT-7A and AOC-4 with new requirements for business activity codes, registered office details and sha...
Company Law : A summary of the new MGT-7 annual return form on the MCA's V3 portal, detailing the shift to a web-based system, new disclosure re...
Company Law : Erroneous MCA data classifying Independent Directors as 'Directors' leads to legal issues, prompting a systemic correction to prot...
Company Law : ICSI recommended restoring public access to basic company master data without mandatory login requirements. The representation sta...
Company Law : The update addresses repetitive annual KYC filings for directors. It allows filing once every three years, significantly reducing ...
Company Law : The upgraded MCA21 V3 portal processed over 3.84 crore filings in five years and resolved 98% of helpdesk grievances in FY 2025-26...
Company Law : The government has approved new regional and company registries to streamline administration and improve access. The move aims to ...
Corporate Law : SFIO now issues digitally generated Summons/Notices with QR codes and DINs, allowing recipients to verify authenticity online and ...
Company Law : Penalty imposed on Sh. Laxit Awla under Section 165 of Companies Act, 2013, for exceeding directorship limits. Details on violatio...
Company Law : ROC Pune held that procedural lapses in a private placement involving one investor formed part of a single integrated transaction ...
Company Law : ROC Pune penalized a start-up company and its officers for delayed filing of e-Form MGT-14 relating to a Special Resolution under ...
Company Law : ROC Pune penalized a company and its directors for delayed filing of e-Form PAS-3 relating to private placement allotment under Se...
Company Law : ROC Pune penalized a company and its directors for utilizing private placement funds before filing return of allotment under Secti...
Company Law : ROC Mumbai-II imposed penalty under Section 450 after a company incorrectly mentioned the AGM date in Form AOC-4 XBRL. The order h...
The corporate affairs ministry has decided to act tough with public sector undertakings (PSUs) that have not prepared and submitted their financial statements with the registrar of companies. As many as 658 state-run PSUs have piled up 2,539 accounts, with some pending for as long as 26 years.
Market regulator Securities and Exchange Board of India (Sebi) could soon get more teeth to monitor the end-use of money raised through initial public offerings by companies. The ministry of corporate affairs (MCA), which currently performs this role through the registrar of companies, wants Sebi to be roped in for this task, since companies divert funds through complex mechanisms that require expert hands to track.
The Ministry of Corporate Affairs had released voluntary guidelines on Corporate Social Responsibility (CSR) during the ‘India Corporate Week’ organized in December last year. A number of corporates have stated that they would like to have an effective framework for reporting their responsible business practices. Keeping in view this feedback from the Corporate Sector, Shri R. Bandyopadhyay, Secretary, Ministry of Corporate Affairs, stated here today that the Ministry is in the process of designing an e-form under MCA-21 which will enable the corporates to file their CSR report on the portal of the Ministry.
The government today said it will try to harmonise the voluntary corporate governance norms with the new Companies Act and is open to make the existing guidelines more effective.
The Government has informed Lok Sabha that the Government has adopted the approach of convergence of Accounting Standards issued under the Companies Act, 1956 with the International Financial Reporting Standards (IFRS), keeping in view the requirements relevant to Indian conditions and to enable Indian companies and concerned regulatory bodies to transform to the new standards smoothly.
The Companies Bill, 2009 has not proposed any upper cap on the number of independent directors, but, sub-clause (3) of clause 132 of the Companies Bill, 2009 provides that at least one-third of total directors shall be independent directors to be appointed in every listed company having certain amount of paid up capital to be prescribed by the Central Government.
The government has found financial irregularities in 160 companies — a whopping 30 of them owned by it — thanks to the early warning system (EWS) put in place last year. After the nearly Rs 10,000-crore Satyam fraud last year, the Ministry of Corporate Affairs (MCA) in September had developed an EWS to detect corporate frauds. The software-based fraud detecting system scans companies based on 10 financial parameters set by the ministry.
Shri Salman Khirshid, Minister for Corporate Affairs, has reiterated the idea of making Corporate Social Responsibility (CSR) quantifiable and urged corporates to debate the possibility of establishing a CSR exchange to deal in CSR credits. Launching the FICCI-Aditya Birla CSR Centre for Excellence here today at Federation House, Shri Khurshid said that through the CSR exchange mechanism, companies would be able to trade in CSR credits, akin to trading in carbon credits. He said that we would be doing justice to the next generation by trading in CSR credits if we are able to find a way of quantifying CSR.
The Union government on Monday indicated it was hopeful of a favourable reply from the US Securities and Exchange Commission to a request for being lenient on scam-hit Satyam Computers, thereby allowing it to remain on the rehabilitation track.
The ministry of corporate affairs has asked the Registrar of Companies (RoC) to submit a detailed report under Section 234 of the Companies Act seeking an explanation from Adani Exports (now known as Adani Enterprises) for its financial statements for the year 2004-05.
