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India Goes Global: Decoding Leap Rules & Listing Opportunities Abroad

Company Law : Explore the game-changing Companies (Listing of Equity Shares in Permissible Jurisdictions) Rules, 2024, paving the way for Indian...

January 29, 2024 1290 Views 0 comment Print

Amendment in Section 43B of Income Tax Act, 1961: MSME Payment FAQs

Finance : Explore FAQs on the recent amendment to Section 43B of the Income Tax Act, 1961, affecting MSME payments. Learn about applicabilit...

January 22, 2024 38712 Views 3 comments Print

CSR Non-Compliance: Penalty Under Section 135 – AECOM India Case

Company Law : Explore penalty order under Sec. 135 of Companies Act, 2013 on AECOM India for CSR non-compliance. Learn consequences, key takeawa...

January 16, 2024 1935 Views 0 comment Print

Penalty imposed by ROC for non-compliance of Section 89 of Companies Act, 2013

Company Law : Explore penalties imposed on Mynd Fintech under Section 89 of Companies Act, 2013 by ROC, NCT of Delhi & Haryana. Understand impli...

January 16, 2024 1578 Views 0 comment Print

ROC Annual Filing Due Date Calendar-August to November, 2023

Company Law : Stay compliant with our guide on ROC form due dates for the Companies Act and LLP Act. Avoid penalties by filing on time during Au...

August 4, 2023 8412 Views 0 comment Print

Latest News

Review of Chartered Accountants Act, 1949: Public Comments Invited

CA, CS, CMA : Participate in the review of rules under the Chartered Accountants Act, 1949. Submit your suggestions to the Ministry of Corporate...

May 10, 2024 14676 Views 0 comment Print

MCA seeks feedback on Digital Competition Law Report and Draft Bill

Corporate Law : Explore the rapid expansion of solar power in India, its impact on renewable energy goals, and the future outlook for sustainable ...

March 13, 2024 393 Views 0 comment Print

MCA Unveils Draft Policy for Transparent Rule & Regulation Making

Corporate Law : Explore the Ministry of Corporate Affairs draft policy for pre-legislative consultation and a comprehensive review of rules and re...

January 16, 2024 471 Views 0 comment Print

Resolution of issues on MCA21 -V3 Portal

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...

April 21, 2023 2718 Views 0 comment Print

Step by Step Process for DSC Registration on MCA21-V3 Portal

Company Law : > Download EMSIGNER and EMBRIDGE BOTH for DSC registration on MCA21-V3 Portal. > Change PIN/ Password of the DSC (For First ...

February 6, 2023 29589 Views 0 comment Print

Latest Notifications

Non-reporting of violations in audit report: MCA imposes Penalty on CA

Company Law : Learn about MCA's penalty for failure to report violations in audit reports under Section 143 of the Companies Act, 2013. Detailed...

July 13, 2024 378 Views 0 comment Print

2 DIN obtained in Violation of Section 155: MCA imposes Penalty of 2.92 Lakh

Company Law : MCA penalizes Harjinder Kaur Chawdhary ₹2.92 lakh for violating Section 155 of the Companies Act, 2013 by obtaining two Director...

July 13, 2024 60 Views 0 comment Print

Delay in Share Certificate Issuance – Section 56(4): MCA imposes Penalty

Company Law : MCA imposes a penalty on T. Forrest & Sons India Pvt Ltd for delaying the issuance of share certificates, violating Section 56(4) ...

July 13, 2024 102 Views 0 comment Print

Non-Regularisation of Additional Director: MCA Imposes ₹3 Lakh Penalty

Company Law : Explore the implications of MCA penalizing TDMAX Manufacturing & Services Pvt Ltd for not regularizing an additional director unde...

July 13, 2024 54 Views 0 comment Print

CSR provision Violation -Section 135(5): MCA Imposes Penalty of ₹1.06 Crore

Company Law : Read the detailed penalty order issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli against Ganesh Green Bharat Li...

July 13, 2024 2469 Views 0 comment Print

Manufacturing companies with a paid-up capital of Rs 50 crores or more may be required to get their cost accounting records audited by a statutory cost auditor

May 31, 2010 928 Views 0 comment Print

Regulations regarding maintenance of cost accounting records and cost audit are likely to change. If the recommendations of the expert committee appointed by the Ministry of Corporate Affairs are accepted, all manufacturing companies with a paid-up capital of Rs 50 crores (500 million) or more will be required to get their cost accounting records audited by a statutory cost auditor.

Foreign audit firms may soon get full practising rights in India

May 31, 2010 747 Views 0 comment Print

Foreign audit firms may soon get full practising rights in India. Recommendations to give them full rights and make them accountable are in the final report on the multi-crore Satyam Computers scam submitted by the Institute of Chartered Accountants of India (ICAI) to the ministry of corporate affairs.

MCA decided to relax the norms for companies to maintain minimum paid-up capital

May 29, 2010 930 Views 0 comment Print

The Ministry of Corporate Affairs (MCA) has decided to relax the norms for companies to maintain minimum paid-up capital. According to the Companies Act 1956, the minimum paid-up capital for a private company is Rs 1 lakh and for a listed company Rs 5 lakh. According to official sources, while a company can be set up with any amount, but within a time-frame of two years it should raise the capital to Rs 1 lakh and Rs 5 lakh for unlisted and listed companies, respectively.

Corporate Ministry in talks with Law Ministry to implement SC suggestion on NCLT

May 27, 2010 475 Views 0 comment Print

The ministry of corporate affairs has begun discussions with the law ministry to incorporate the suggestions made by the Supreme Court when it cleared the National Companies Law Tribunal (NCLT) in the Companies Bill that is with a Parliamentary Standing Committee.

MCA Introduces Easy Exit Scheme 2010 Under Section 560

May 26, 2010 1639 Views 0 comment Print

In order to give an opportunity to the defunct companies, for getting their names struck off from the Register of Companies, the Ministry of Corporate Affairs has decided to introduce a Scheme namely, ‘Easy Exit Scheme, 2010’ under Section 560 of the Companies Act, 1956.

MCA Introduces Company Law Settlement Scheme 2010

May 26, 2010 963 Views 0 comment Print

In order to give an opportunity to the defaulting companies to enable them to make their default good by filing belated documents and to become a regular compliant in future, the Ministry has introduced a Scheme namely, ‘Company Law Settlement Scheme, 2010,’ for condoning the delay in filing documents with the Registrar, granting immunity from prosecution and charging additional fee of 25 percent of actual additional fee payable for filing belated documents under the Companies Act, 1956 and the rules made there under.

Corporate ministry started consultations on feasibility of setting up NCLT

May 22, 2010 628 Views 0 comment Print

The ministry of corporate affairs (MCA) has started a round of consultations with the law ministry on the feasibility of setting up a National Company Law Tribunal (NCLT) in the next one year.

MCA: – India Investor Week to be organized in 2nd Week of July 2010

May 18, 2010 321 Views 0 comment Print

Shri Salman Khurshid, Minister of Corporate Affairs, has said that in order to increase awareness in investors , an ‘India Investor Week’ will be organized in the 2nd week of July, 2010. Presiding over the meeting of the Governing Council of the National Foundation for Corporate Governance (NFCG), Shri Khurshid said that during that Week, 5 major events in the metros, regional events in the states and a large number of investor awareness camps will be organized all over the country.

ICAI recommends jail in audit fraud cases

May 17, 2010 651 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI) has recommended strict penal action, including imprisonment, for auditors who are found associated with serious accounting frauds. It also wants the Ministry of Corporate Affairs to frame a code of conduct for financial analysts and investment bankers for better scrutiny of firms that may indulge in such illegal affairs.

Government starts process to set up National Company Law Tribunal

May 16, 2010 369 Views 0 comment Print

To set up a Company Law Tribunal without further delay, the Ministry of Corporate Affairs has begun consultations to make the necessary amendments in the Companies Act. The move comes in the backdrop of the Supreme Court judgment recommending changes in the existing Act to accommodate the tribunal within the constitutional framework.

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