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MCA notifies manner of administration of IEPF under CA 2013 wef 07.09.2016
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5th September, 2016 S.O. 2866(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013 (18 of 2013),...
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Stakeholder Relationship Committee Charter
1. Primary Objectives The Stakeholder Relationship Committee (heirinafter referred as the “Committee”) is a committee of the Board of Directors (heirinafter referred as the “Board”) established in acc...
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Charter for Corporate Social Responsibility (CSR) Committee
1. PRIMARY OBJECTIVE The objective of the Corporate Social Responsibility Committee (the “Committee”) of the Board of Directors (the “Board”) the Company shall be to assist the Board and the Company i...
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Draft Directors’ Report For Financial Year 2015-2016
To, The Members, Your directors have pleasure in presenting their Annual Report on the business and operations of the company together with the Audited Statement of Accounts for the year ended 31st Ma...
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FAQs on Corporate Social Responsibility (CSR)
32 FAQs on Corporate Social Responsibility (CSR) BACKGROUND:Presently Corporate Social Responsibility (CSR) expenditure is at the discretion of the corporate however after enactment of Section 135 of...
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Provision For Consolidation of Financial Statement
The 2013 Act mandates preparation of consolidated financial statements (CFS) by all Companies, including unlisted Companies, having one or more subsidiaries, joint ventures or associates. Previously,...
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Reg. Issuance of rupee bonds to overseas investors by Indian companies
No. 1/21/2013-CL.V Government of India Ministry of Corporate Affairs General Circular No: 09/2016 5th Floor, “A” Wing, Shastri Bhavan, Dr R.P. Road. New Delhi Dated: 03.08.2016 To All Regional Directo...
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Special Courts for speedy trial of offences under Companies Act, 2013
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st September, 2016 S.O. 2843(E).—In exercise of the powers conferred by sub-section (1) of section 435 of the Companies Act, 2013 (18 of 2013...
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Relaxation of additional fees in filing annual e-Forms-a boon for stakeholders
The Companies Act, 2013, (hereinafter referred to as “the Act”) contains various provisions which require a large number of filings to be made to ROC by: 1. Companies 2. Various officials of the Compa...
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CARO 2016
Easy way to learn all 16 points of paragraph 3 of CARO 2016 The entire learning can be divided in 3 parts: 1. For Point No 1 to 8:- F I L L your bank account with C C (short form of cash credit) use i...
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Issue of rupee denominated bonds need not comply with Debenture Rules
MCA vide notification no G.S.R. 791(E) dated August 12, 2016 has amended the Companies (Share Capital and Debentures) Rules 2014 through the Companies (Share Capital and Debentures) Fourth Amendment R...
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NCLT & Clarification under Chapter III
NCLT Updates & Clarification under Chapter III Fee for the Inspection of Records. NCLT vide order No. 25/2/2016-NCLT dated 2nd August, 2016 has provided that parties to any case or their authorised re...
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Changes In Rules of Acceptance of Deposits under CA, 2013
Changes In Rules Governing Acceptance of Deposits under Companies Act (CA), 2013 Introduction The Ministry of Corporate Affairs, vide its notification dated June 29, 2016 has made various amendments i...
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Whistle Blower Mechanism
Vigil (Whistle Blower) Mechanism In US for the first time, with the enactment of the Sarbanes-Oxley Corporate Reform Act of 2002, internal and external whistle-blower protection was extended to all em...
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Effect of Changes in Companies (Amendment) Bill 2016
Companies (Amendment) Bill 2016 Introduction: The Companies (Amendment) Bill, 2016 was introduced in Lok Sabha on March 16, 2016. It seeks to amend the Companies Act, 2013. Through this article an att...
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Reg. Issuance of rupee bonds to overseas investors by Indian companies
No. 1/21/2013-CL.V Government of India Ministry of Corporate Affairs General Circular No: 09/2016 5th Floor, “A” Wing, Shastri Bhavan, Dr R.P. Road. New Delhi Dated: 03.08.2016 To All Regional Directo...
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Extension of last date for filling of AOC- 4, AOC 4(XBRL), AOC 4(CFS) & MGT-7 under the Companies Act, 2013
"The MCA vide its general circular dated July 29, 2016, has extended due date of filling of Financial Statements i.e. Form AOC-4, AOC-4(XBRL) & AOC-4(CFS) as the case may be and Annual Return i.e. For...
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Amendments in Rules related to Incorporation and Accounts Chapter.
Key Highlights of Amendments in Rules related to Incorporation and Accounts Chapter. Amendment in the rules related to Incorporation Chapter MCA vide notification dated 27th July, 2016 has amended the...
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Companies Incorporation Third Amendment Rules, 2016 on company incorporation
Impact of Companies Incorporation Third Amendment Rules, 2016 on company incorporation MCA through Notification dated 27/07/2016 Amended the Companies (Incorporation) Rules, 2014 which now be called a...
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Highlights of Companies Incorporation Third Amendment Rules, 2016
Summary of Companies Incorporation Third Amendment Rules, 2016 Ministry of Corporate affairs has issued a Notification on 27.07.2016 and notified Companies (Incorporation) Third Amendment Rules, 2016...