Registrar of Companies - Page 2

Documents/Notices to be filed with Registrar of Companies

Form No. 1 to be attached with a coy of MAA and proposed agreement with the Managing/Wholetime Director/s (if any) are to be filed. In addition to Form No. 1, MAA and the agreement as aforesaid, Form No. 29 for each Director is also required to be filed....

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Posted Under: Company Law |

Clarification on Ensuring Corporate Governance and Proper Compliance of Provisions of the Companies Act, 1956 and Rules made there Under

The Ministry of Corporate Affairs has clarified that its Circular No.33/2011 issued on June 01, 2011 shall be applicable to those defaulting companies and their Directors which have not filed their Balance Sheet and Annual Return for any of the financial year’s 2006-07, 2007-08, 2008-09 and 2009-10 with the Registrar of Companies as re...

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Posted Under: Company Law |

Direction by Regional Director to professional for proper verification of information furnished by the Company

Ministry has observed that some listed companies have shown abnormal figure of their shareholders in their Annual Return (e-form no. 20B) filed with the Registrar of Companies. It appears that the signatories of e-form 20B of above companies including certifying practicing professionals have not verified the figures of number of sharehold...

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Posted Under: Company Law |

Govt directs RoCs to look for diversion of IPO funds

In order to check the misuse of funds raised by companies via public offerings, the government has directed the Registrar of Companies (RoCs) to look for diversion of IPO funds while inspecting their annual accounts. In a directive to RoCs and Regional Directors, the Corporate Affairs Ministry has asked them last week to check for fund di...

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Posted Under: Company Law |

Govt changes norms to protect independent directors

Independent directors will not be hauled up for the acts undertaken by companies without their consent or knowledge, as per the new norms announced by the government. "We have directed the Registrar of Companies (RoC) not to take any penal action against those independent directors who are not actively involved in the decision making proc...

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Posted Under: Company Law |

Delegation of powers of Central Government to Regional Directors and Registrar of Companies

Addition to list of powers and functions of the Central Government delegated to ROC: Earlier, the grant of license for formation of a company which intends to apply its profits or other income in promoting its objects (i.e. objects of promoting commerce, art, science, religion, charity or any other useful object) and prohibits payment of ...

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Posted Under: Company Law |

Government may approach Supreme Court for permission to appoint RoC Chief

The Union ministry of corporate affairs is likely to approach the Supreme Court for permission to appoint a new central administrative head for offices of the registrar of companies (RoC) spread across the country. The move comes against the backdrop...

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Posted Under: Company Law |

RoC may be empowered to conduct searches and raids

The registrar of companies (RoC) could be empowered to issue orders relating to conducting searches and raids. The proposal, mooted by the corporate affairs ministry, can be part of the new companies Bill that is set to be introduced in the Winter Session of Parliament. According to officials, the government is looking to strengthen the m...

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Posted Under: Company Law |

Companies Bill 2009 may let companies challenge RoC probe

THE government plans to grant companies right to challenge pending investigations against them under the Companies Act, as it looks to put an end to harassment of firms by investigating agencies. The ministry of corporate affairs, which is reworking...

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Posted Under: Company Law |

Very few takers for the `Easy Exit Scheme – 2010'

With more than 26,000 companies vanishing from the radar of the Registrar of Companies (RoC) in Andhra Pradesh, the ministry of company affairs (MCA) has come up with a scheme to help defunct companies complete formalities for a proper closure....

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Posted Under: Company Law |

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