Company Law : he analysis clarifies that accumulated losses do not prevent a company from issuing bonus shares from its Securities Premium Accou...
Company Law : The ROC held that shares issued at a price lower than the registered valuer’s determined value violated Section 62(1)(c). Even a...
Company Law : The MCA has migrated corporate filings to its new V3 portal. Understand the new web-based forms, enhanced features, and what this ...
Company Law : Erroneous MCA data classifying Independent Directors as 'Directors' leads to legal issues, prompting a systemic correction to prot...
DGFT : India's exporters face mandatory annual IEC updates from DGFT, even with no changes. This practice burdens businesses and raises c...
Company Law : Since the stakeholders are still facing difficulties in accessing the MCA portal and filing of e-forms resulting in delayed filing...
Corporate Law : Asserting that Companies that have not filed annual returns and balance sheet to Ministry of Corporate Affairs (MCA) for past five...
Company Law : The Corporate Affairs Ministry has asked the Registar of Companies to inspect the books of accounts of the controversial multi-lev...
Company Law : From Next month you can register a company in India in 24 hours! The Union ministry of corporate affairs has set the first week o...
Company Law : Consider the enormity of the data-over 8 and a half lac companies, over hundred online services offered to them, over sixty e-form...
Corporate Law : NCLT Delhi held that ‘financial debt’ is not barred by limitation. Accordingly, application filed by the CFM Asset Reconstruct...
Income Tax : The assessee earned a capital profit of Rs. 10.38 crores on sale of rights to immovable property. The said profit was directly cre...
Corporate Law : Registrar of Companies Andhra Pradesh issues notice for removal of 93 LLP names from the register. Learn more about the notice and...
Corporate Law : MCA has issued an adjudication order imposing penalties on Strong Infracon Private Limited, which was amalgamated with Elite Realc...
Company Law : Ministry of Corporate Affairs (MCA) in India has issued an adjudication order imposing penalties on auditors for their failure to ...
Company Law : Strong Infracon Private Limited and Elite Realcon Private Limited were identified as violators of Section 134(5)(a) of the Compani...
Company Law : During the course of Inquiry, it is observed that Company is eligible company to appoint Internal Auditor but failed to do so as p...
The ministry of corporate affairs, or MCA, is drawing up an amnesty scheme for companies that haven’t been able to file their annual returns and balance sheets in the 2008-09 fiscal and before that with the Registrar of Companies (RoC) and liable to penalties for missing the deadline.
Over 3.7 lakh companies have not filed annual returns and balance sheets, which is mandatory under the Companies Act, for the fiscal year 2008-09, Parliament was informed on Friday.
The Registrar of Companies (RoC) on Tuesday issued a show-cause notice to Kolkata Knight Riders (KKR) for inadequate regulatory filing, as it prepares to shoot off similar letters to some other franchisees. The registrar found that Red Chillies Entertainment, the team owner promoted by Bollywood actors Shah Rukh Khan and Juhi Chawla, did not file annual returns for the period up to September 2009, an RoC official said.
The initial probe of the corporate affairs ministry into the affairs of the IPL franchises has revealed that some of them had failed to submit their annual reports , including balance sheets, for different years for which they have now been issued show-cause notices with a caution that failing to respond could invite criminal action.
The government today said it has asked the Registrar of Companies (RoC) to look into accounts of some companies on the basis of alerts put out by an early warning system, which has been installed to check corporate frauds.
With the Indian Premier League (IPL) saga getting murkier, the Ministry of Corporate Affairs on Tuesday asked the Registrar of Companies (RoC) to collect all details relating to the IPL franchises and the bidding process. In its order, the Ministry asked the RoC to get information on the memorandum of association and on franchise agreement. The RoC has been asked to submit its report within a week.
Corporate Affairs Minister Salman Khurshid today said the Registrar of Companies has to judge if Rendezvous Sports had violated any procedures in its foray into the Indian Premier League cricket. “That is not for me to judge. If there are any violations, these are to be judged by the Registrar of Companies as they are the ones who monitor companies and it is their jurisdiction,” Khurshid told reporters here.
In what would be good news for many firms, a scheme is being prepared to avoid criminal prosecution for delay in filing one’s balance-sheet with the Registrar of Companies (RoC).The Union ministry of corporate affairs is working on a scheme of compounding, which also modifies the existing charges in this regard for regularising the delay, beside the proposed avoidance of criminal prosecution. It is likely to be rolled out in September and is being discussed with the various regulators.
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.
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.
