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Two names and one re-submission shall be allowed through RUN web service.
As part of the Ministry’s commitment for continuous improvement of processes and providing greater ease to stakeholders, it has been decided to permit (w.e.f 24.03.2018) two proposed names and one Res...
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Companies (Indian Accounting Standards) Amendment Rules, 2018
The MCA has notified the Companies (Indian Accounting Standards) Amendment Rules, 2018 with effect from 1st April 2018. Companies (Indian Accounting Standards) Amendment Rules, 2018 includes Ind AS 11...
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Union Cabinet Decision on NFRA and ICAI Response
My dear Professional Colleagues,It is important to empathise that carte blanche of ubiquitous nature which has been discernible for the chartered accountancy profession has been due to path of rectitu...
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‘RUN’ for reserving name: MCA allows two proposed names and one Resubmission
As part of the Ministry’s commitment for continuous improvement of processes and providing greater ease to stakeholders, it has been decided to permit (w.e.f 24.03.2018) two proposed names and one Res...
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EPFO Instructions for payment of erroneous contributions deposited for certain periods
For web circulation onlyEmployees’ Provident Fund Organization(Ministry of Labour & Employment, Govt. Of India)Head OfficeBhavishya Nidhi Bhawan, 14-Bhikaiji Cama Place, New Delhi-110066www.epfindia.g...
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Aadhar based identification of pensioners under EPS 1995 – reg
Employees’ Provident Fund Organization(MINISTRY OF LABOUR & EMPLOYMENT, GOVERNMENT OF INDIA)Head OfficeBhavishya Nidhi Bhawan, 14, Bhikaiji Came Place, New Delhi- 110066Website: www.epfindia.gov.in, w...
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MCA filed prosecution against 780 listed companies for non filing of Annual Returns
Ministry of Corporate Affairs (MCA) has filed prosecution against 780 listed companies under various sections of Companies Act, 2013 due to non-filing of Financial Statements and Annual ReturnsThe Gov...
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MCA notifies norms for appointment of Chairperson & members of NFRA
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]GOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 21st March, 2018G.S.R. (E) ._ In...
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MCA notifies Provisions related to appointment of Chairperson and Members of NFRA wef 21.03.2018
Government of IndiaMinistry of Corporate AffairsNotificationNew Delhi the 21St March, 2018S.O. ____ (E).- In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013...
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MCA notifies National Financial Reporting Authority (NFRA)
MCA has, vide Notification dated 21st March, 2018, notified sub-sections (3) & (11) of section 132 of the Companies Act, 2013 relating to manner of appointment and other terms and conditions of Servic...
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Companies covered under XRBL Rules 2011 shall continue to file XBRL Form.
Rule 3(1) of the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015 (“XBRL Rules, 2015”) provides for the class of companies which requires to mandatorily...
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9,073 cases under consideration in NCLT as on 31.01.2018
9,073 cases are under consideration in NCLT, including 1,630 cases of Merger and Amalgamation; 2,511 cases of insolvency and 4,932 cases under other sections of Companies Act.The Company Law Board (CL...
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Companies (Filing of Documents and Forms in XBRL) Amendment Rules, 2018
MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 8th March, 2018G.S.R. 213(E) .– In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with section 398 of the Comp...
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199 companies face penalty for non-compliance of CSR norms
The Government has accorded permission for initiating penal action against 199 companies for non-compliance of provisions of section 135 read with section 134 (3) (o) of the Act. This was stated by Sh...
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NFRA to have power to impose penalty on audit firms
The Chartered Accountants Act, 1949 (Act) provides for imposition of penalties on members of the Institute of Charted Accountants of India (ICAI). The ICAI had submitted a proposal to the Government f...
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MCA notifies Companies (Accounts) Amendment Rules, 2018
MCA has vide Companies (Accounts) Amendment Rules, 2018 introduces FORM AOC-3A which is a Statement containing salient features of the financial statements under Division II- Schedule III to the Compa...
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MCA exempts Companies engaged in defence production from segment reporting
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRA-ORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]GOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 23 February, 2018S.O.___(E). –...
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MCA notifies e-forms CRL-1 and CODS, 2018 on MCA portal for filing purposes
MCA on February 27, 2018 has notified the e-forms CRL-1 in respect of return regarding number of layers pursuant to proviso to section 2(87) of the Companies Act, 2013 and rule 2(4)(i) of the Companie...
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Re-appointed independent director can be removed by way of special resolution instead of ordinary resolution
Currently, an independent director, who is re-appointed for second term under section 149(10) of the Companies Act, 2013 (Act), by way of a special resolution, can be removed by an ordinary resolution...
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Condonation of Delay Scheme, 2018
How to fill Form-e- CODS 2018: Condonation of Delay Scheme, 2018 Part I – Law(s) Governing the eForm FORM-e- CODS 2018 [Pursuant to Condonation of Delay Scheme, 2018] Application for Condonation of De...