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Clarification on rate of interest charged under section 186 of the Act
Apr 10, 2015 MCA vide General Circular No. 06/2015 dated 9th April, 2015 has issued clarification with respect to section 186 (7) of the Companies Act 2013 and clarified that in cases where the effect...
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ICAI Application Guide to Schedule II of the Companies Act, 2013
The Companies Act, 2013 requires companies to compute the depreciation in accordance with the Schedule II to the Companies Act which provides useful lives to compute the depreciation. Accordingly, pro...
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CARO 2015
CARO 2015 MCA vide order dated 10th April, 2015 in suppression of Companies (Auditor's Report) Order, 2015 has issued Companies (Auditor's Report) Order, 2015 and it shall be applicable to the followi...
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Remuneration to managerial person under Schedule XIII of the Companies Act, 1956
As per the provisions of Schedule XIII (sixth proviso to Para (C) of Section II of Part II) of the Companies Act, 1956 (earlier Act) read with circular number 14/11/2012-CL-VII dated 16th August, 2012...
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Clarification on rate of interest charged under section 186 of the Act
MCA vide General Circular No. 06/2015 dated 9th April, 2015 has issued clarification with respect to section 186 (7) of the Companies Act 2013 and clarified that in cases where the effective yield (ef...
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CARO report not applicable for Financial year 2014-15
ANNOUNCEMENT ON CARO, 2003 AND ADDITIONAL REPORTING UNDER THE COMPANIES ACT, 2013 We are receiving queries from the members regarding applicability of CARO, 2003 along with Auditors’ Report on financi...
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Guidance Note on Reporting of Fraud U/s. 143(12) of Companies Act 2013
The article briefly explains the guidelines issued by the Auditing Assurance Standards Board of Institute of Chartered Accountants of India on Reporting of Fraud under Sec 143(12) of the Companies Act...
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Guidelines for Issuing Secretarial Audit issued by ICSI
The Council of Institute of Company Secretaries of India vide notification dated 11.03.2015 issued the following guidelines for Issuing Compliance Certificate and Signing of Annual Return With effect...
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All About Cash flow statement under Companies Act 2013
Companies Act 2013 – Financial Statements to include Cash Flow Statement and Statement for Changes in Equity The Companies Act, 2013 (the Act or New Act) brought in many changes which directly impact...
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One Person Company
Incorporation of One Person Company- A Practical approach Introduction With the introduction of concept of One Person Company (hereinafter OPC) in Companies Act, 2013 individuals doing business as sol...
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Minutes of Meetings under Companies Act, 2013
Under Section 118 of Companies Act, 2013 every Company is required to cause the minutes of the proceedings of every: 1. General Meeting of any class of shareholders or creditors; 2. Resolution passed...
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Charges under Companies Act, 2013
Definition of Charge: ― As per Section-2 (16) Charge means- An interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes amortgage; PR...
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Regional Directors can direct inspection of documents of company
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 31st March, 2015 Delegation of powers to RDs u/s 94(5) read with section 458 of CA, 2013 S.O. ………….. .(E).— In exercise of the powers conferre...
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Amendment in Companies (Acceptance of Deposits) Rules, 2014 & Delegation of Power to RDs
Amendment in Companies (Acceptance of Deposits) Rules, 2014 MCA vide notification dated 31st March, 2015 brings much awaited amendment in Companies (Acceptance of Deposits) Rules, 2014 and the details...
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Amendment in Companies (Acceptance of Deposits) Rules, 2014: Analysis
Amendment in Companies (Acceptance of Deposits) Rules, 2014MCA vide notification dated 31st March, 2015 brings much awaited amendment in Companies (Acceptance of Deposits) Rules, 2014 and the details...
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Amounts received by private companies from their members, directors or their relatives before 1st April, 2014 will not be treated as deposit
After the notification of section 73 & 74 of the Companies Act 2013 there was huge uncertainty among the Corporates specifically private companies as to whether amounts received by private companies f...
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Loan Received by private companies from members, directors or their relatives before 01.04.2014 is not deposit
General Circular No. 05/2015 Dated: 30th March, 2015 To All Regional Directors, All Registrars of Companies, All stakeholders. Subject: Amounts received by privatecompanies from their members, directo...
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Procedure for Incorporation of A Company
Introduction- There are various forms to do Business. The selection of a business structure depends upon the needs and expectations of the entrepreneur. Doing Business in Corporate form gives various...
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E-Voting and Poll Procedure after Companies (Management and Administration) Amendment rules, 2015
Introduction With the dawn of Companies Act, 2013 which strives towards shareholders activism, the shareholders now have an option to cast their vote electronically. The intention is to provide the sh...
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Appointment of RoCs as adjudicating officers
In Exercise of the powers conferred by Section 454 read with Companies (Adjudication of Penalties) Rules, 2014 , The Central government, vide Notification dated 24.03.2015 appointed Registrar of Compa...