Company Law : Q1) What is Company ? Ans: According to the Companies Act, 1956, a Company is an association of people which is formed and regist...
Company Law : The first thing to take care of under the new Companies Act, 2013 is to follow a changed procedure for giving birth to a Company. ...
Corporate Law : Step wise Registration process of Partnership Deed in Maharashtra and challenges- Initially the process of registration in the sta...
Company Law : Selection of name for the proposed company: The Promoters have to provide at least 6 names in the order of their preference/prio...
Company Law : Now shifting of registered office from one State to another State under the Companies Act, 1956, requires a petition to be filed w...
Company Law : ANNOUNCEMENT Sub: Peak Filing Preparation 2016- MCA 21 As you are aware it is time of peak filing of Balance Sheet & Annual Re...
Company Law : In view of the references received from stakeholders seeking clarification on the applicability of provisions of Chapter III of th...
Company Law : The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that complaints were rec...
Company Law : One case of M/s. Speak-Asia Online Pte, a foreign company, has come to the notice of Ministry of Corporate Affairs. It is a multi-...
Company Law : The Ministry of Corporate Affairs has clarified that its Circular No.33/2011 issued on June 01, 2011 shall be applicable to those...
Income Tax : The case examined whether old share capital can be taxed due to ROC strike-off of a shareholder. ITAT held that Section 68 applies...
Income Tax : The ITAT held that for the computation of MAT, profits disclosed as per the audited accounts should be adopted, provided the accou...
Company Law : Supreme Court inter alia on prerequisites for conversion of a private company into a public company - It is not the records of the...
Income Tax : 10. We have heard the rival submissions and perused the material on record. The authorities below have not controverted the claim ...
Company Law : The issue was failure to provide full allottee particulars in PAS-3. The key takeaway is that missing PAN or email details can tri...
Company Law : Request letter signed by the Promoters/shareholders of the company explaining the facts and requesting for insertion of at least o...
Company Law : In order to give an opportunity to the defaulting companies to enable them to make their default good by filing belated documents ...
The Ministry of Corporate Affairs (MCA) wants to shed its stern regulatory image and acquire a gentler, corporate-friendly reputation. The new mantra is to be a facilitator in corporate growth instead of just another regulator. The mantra is now being translated into action. For example, to cut out subjectivity in decisions, MCA has decided that field officers will not conduct any scrutiny of company balance sheets or send notices based on personal judgments or external tips.
The Ministry of Corporate Affairs (MCA) has decided to conduct a quarterly scrutiny of the end-use of funds raised through initial public offers (IPO). To this end, the ministry has directed all Registrar of Companies (RoC) to coordinate with the stock exchanges to access the quarterly balance sheets of all companies that have come out with IPOs in the recent past.
The Corporate Affairs Ministry said on Monday that around 30 per cent of the 80,000 public limited companies are not filing their annual returns.The Ministry has asked the Registrar of Companies (RoC) not to strike off the names of companies by classifying them as defunct, even if they have not filed their annual returns for three years. This is to find out if any of such companies have committed violations of law.
The Institute has received an Office Memorandum (OM) from the Ministry of Corporate Affairs. As per the OM, the Registrar of Companies will prepare a panel of professionals for Technical Scrutiny of Balance Sheets filled by the Companies for the State concerned.
In a bid to avoid accounting frauds of the type that hit Satyam Computers, now called Mahindra Satyam, in January this year, the Ministry of Corporate Affairs (MCA) has decided to scrutinise the account books of all registered companies — listed as well as unlisted — in the country.
The Institute of Chartered Accountants of India while appreciating the initiative taken by the Ministry for ensuring good corporate governance and transparency for safeguarding the interest of the shareholders, creditors and the economy as a whole wishes to provide professional expertise of its members to the Registrar of Companies. For the purpose, it has been decided to prepare a panel of the members of the Institute and send the same to the Ministry.
Supreme Court inter alia on prerequisites for conversion of a private company into a public company – It is not the records of the Registrar of Companies which determines the status of a company but the definition of a “private company” or “public company” as defined in section 3(1)(iii) and 3(1)(iv) of the Companies Act, 1956; having regard to the definition
Circular Issued by: – Government of India, Ministry of Corporate Affairs, Office of Registrar of Companies. Issued to: Local Chapter, ICAI/ICSI/ICWAI Sub: – Panel for outsourcing of work of Technical Scrutiny of Balance Sheets. This office (ROC Office) is in process of preparing a panel of professionals for outsourcing the work of Technical scrutiny of Balance sheets filed […]
Certificate of Commencement of Business: Procedural Analysis The date of incorporation of a company may not be the date of commencement of business. A private company and a public limited company not having share capital are not required to comply with any other formalities and may commence its business activities immediately after obtaining the certificate of incorporation from the […]
To ensure higher accountability and transparency in auditing company books, the government now plans to outsource audit work to professionals such as chartered accountants and company secretaries. At present, it is undertaken by the Registrar of Companies’ offices across various cities.
