Companies Act 2013 notification

Companies (Management and Administration) Second Amendment Rules, 2014

Notification No. G.S.R. 537(E) (24/07/2014)

Provided that nothing contained in this rule shall apply in relation to a trust which is created, to set up a Mutual Fund or Venture Capital Fund or such other fund as may be approved by the Securities and Exchange Board of India...

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Clarification on transitional period for resolutions passed Under Companies Act, 1956

General Circular No. 32/2014 (23/07/2014)

It has been brought to the notice of the Government that many companies have passed resolutions during financial year 2013-14 under the relevant provisions of the Companies Act, 1956 (Old Act) which are/were at different stages of implementation after coming into force of corresponding provisions of the new Companies Act, 2013...

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MCA excludes Independent Directors from the definition of Related Party

Notification No. G.S.R. 507(E) (17/07/2014)

The principal rules were published in the gazette of India, Extraordinary, Part II, Section 3, sub-section (i) vide number G.S.R. 238(E), dated the 31st March, 2014....

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Company Law – Reg. Invitation / Offer for non-convertible debentures (NCD )

Notification No. G.S.R. 424(E) (30/06/2014)

Provided also that in case of an offer or invitation for non-convertible debentures referred to in the second proviso, made within a period of six months from the date of commencement of these rules, the special resolution referred to in the second proviso may be passed within the said period of six months from the date of commencement of...

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Due Date for Filing DPT-4 extended to 31st August 2014

General Circular No. 27/2014 (30/06/2014)

After considering the reference, it has been decided to grant extension of time for the period of 2 months i.e. up to 31-08-2014 without any additional fee in terms of section 403 of the Act to enable the companies for filing of statement under Form DPT4 with the Registrar....

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Companies (Cost Records and Audit) Rules, 2014

Notification No. G.S.R. 425(E) (30/06/2014)

These records shall also indicate the basis followed for arriving at the rates charged or paid for such goods or services so as to enable determination of the reasonableness of such rates in so far as they are in any way related to goods/services under reference....

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Clarification with regard to use of the words "Commodity Exchange" in a company-reg.

General Circular No. 26/2014 (27/06/2014)

It is also clarified that the certificate from Forward Markets Commission will also be required in cases of companies registered with the words Commodity Exchange before the issue of this circular....

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Clarification on applicability of requirement for resident director

General Circular No. 25/2014 (26/06/2014)

Section 149(3) of the Companies Act, 2013 (Act) requires every company to have at least one director who has stayed in India for a total period of not less than 182 days in the previous calendar year. Government has received requests from stakeholders for clarification with regard to applicability of these provisions in the current calend...

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Old format & Forms to continue for annual return applicable for Financial Year 2013-14

General Circular No. 22/2014 (25/06/2014)

Companies have also sought clarity about permitting free of cost inspection of records under rule 14(2) and rule 16 of the rules cited above and till a fee is prescribed for the purpose in the Articles. It is clarified that until the requisite fee is specified by companies, inspections could be allowed without levy of fee....

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Companies (Management and Administration) Amendment Rules, 2014

Notification No. G.S.R. 415(E) (23/06/2014)

1. (1) These rules may be called the Companies (Management and Administration) Amendment Rules, 2014. (2) They shall come into force on the date of their publication in the Official Gazette....

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