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Update on Section 185 Of Companies Act 2013
LOANS TO DIRECTORS [SECTION 185] (1) Save as otherwise provided in this act, no company shall, directly or indirectly, advance any loan, including any loan represented by a book debt, to any of its di...
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Clarification on Deposits & Suggestions invited by Companies Law Committee
Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013 MCA after receiving various representations seeking clarification regarding processi...
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Disclosures required on Company Website
& Events Triggering Newspaper Publication Disclosures required on the Website of Company and Events Triggering Newspaper Publication under Companies Act 2013 DISCLOSURES REQUIRED TO BE POSTED ON WEBSI...
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Update on Loan to Director u/s 185 of Companies Act, 2013
As per Section 185: No Company ( Private & Public) Directly or Indirectrly Advance any loan, including book debt, to any of its directors or to any **other person in whom the director is interested An...
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Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013
MCA after receiving various representations seeking clarification regarding processing of the deposits related complaints received from investors under section 74 of the Companies Act, 2013 (the said...
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Exemptions to Private Companies
Definition of Related Party Nature of Exemption Impact of the Exemption Section 2(76), sub-clause VIII shall not apply with respect to Section 188 Following companies shall not be treated as related p...
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Companies (Cost Records and Audit) Amendment Rules, 2015- Revises FORM CRA-2 and FORM CRA-4
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)1 GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, Dated- 12th June, 2015 G.S.R…………...
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Exemption to Private / Government / Section 8 Companies and Nidhis
Government issues final notifications under section 462 of the Companies Act, 2013 (Act) that provide Exemptions under various provisions of the Act to (i) Private Companies (ii) Government Companies...
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Chart of exemptions provided to private companies under CA, 2013
Summary of exemptions provided to private companies u/s 462 of CA, 2013 Summary of Provisions notified vide Notification No…. to exempt private companies The Summary of provisions that are notified vi...
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Important Exemptions to Private Companies wef 05.06.2015
Ministry of Corporate Affairs has issued Notification dated June 5, 2015 by which it has provided various much awaited Exemptions to Private Companies other than the subsidiary of a public company wef...
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MCA exempts Private companies from filing board resolutions specified in section 179(3)
MCA has vide notification dated 05/06/2015 exempted private limited companies from resolutions passed in pursuance of sub-section (3) of section 179 as it has provided that clause (g) of sub-section (...
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Section 180 of CA 2013 not applicable to Private Limited Companies
Section 180 of Companies Act 2013 which was applicable to all type of Companies and which was putting a restriction of power of board of directors and specified that some specified transaction under s...
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MCA Relaxes 20 Audit Ceiling Limit on Statutory Audits
MCA has vide Notification dated 05/06/2015 has exempted from Statutory Audit ceiling limit of 20 company audit limit the following Companies :- a) other than one person companies b) dormant companies,...
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MCA: Exemption from Provisions related to Loan to directors of Private Companies
MCA vide notification dated 05/06/2015 titled Exemptions to Private Companies U/s. 462 of CA 2013 has provided that Restriction on loan to directors provided under section 185 of Companies Act, 2013 s...
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Exemptions to Government Companies U/s. 462 of CA 2013
[TO BE PUBLISHED IN TI IE GAZETTE OF INDIA, EXTRAORDINARY. PART II, SECTION 3, SUB-SECTION (I)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, Dated 5th June 2015 (F. No. 1/...
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Exemptions to Nidhis under section 462 of CA 2013
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (IA GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS (F. No. 2/11/2014-CL.V) NOTIFICATION New Delhi, Dated 5th...
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Exemptions to Private Companies U/s. 462 of CA 2013
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, Dated 5th June 2015 (F. No. 1/1/2014-CL.V) G.S.R. ____ (E). – In exercise of the powers conferred by clauses (a) and (b) of su...
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Exemptions to Section 8 (Non-Profit Companies) U/s. 462 of CA 2013
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (IA GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS (F. No. 1/2/2014-CL.I) NOTIFICATION New Delhi, Dated 5th...
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Analysis of Exemptions to Private Company and Others
MCA vide notification dated 5th July, 2015 has notified the exemption u/s 462 with respect to the following companies: - Section 8 Company- Private Company- Government Company - Nidhi Company The text...
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Consolidation of financial statements of foreign subsidiaries by Unlisted Companies w.e.f 01-04-2015
More recently, on 16 January 2015, the MCA issued another amendment that provides that the requirements in respect of consolidation of financial statements shall not apply to a company having subsidia...