Category Archives: Companies Act 2013

Guidance Note on Dividend by issued by ICSI

By | January 21, 2019

Guidance Note on Dividend by ICSI Contents are as follow INTRODUCTION SCOPE DEFINITIONS GUIDANCE ON THE PROVISIONS OF SS-3 Ascertainment of amount available for payment/ distribution as Dividend. Declaration of Dividend Entitlement to Dividend Dividend in Abeyance Payment of Dividend Unpaid Dividend Revocation of Dividend Preservation of Dividend Cheques, Warrants and Dividend Registers Disclosure 46… Read More »

” Body corporate ” Meaning in Companies Act 2013

By | January 2, 2019

” Body corporate ” Meaning in Companies Act 2013 As per Section 2(11) of Companies act 2013 body corporate‖ or ―corporation‖ includes a company incorporated outside India, but does not include— (i) a co-operative society registered under any law relating to co-operative societies; and (ii) any other body corporate (not being a company as defined… Read More »

IBBI publishes Revised Syllabus and other details of Valuation Examinations

By | January 1, 2019

Ministry of Corporate Affairs IBBI publishes Revised Syllabus and other details of Valuation Examinations Posted On: 01 JAN 2019 The Central Government notified the commencement of Section 247 (relating to valuers) of the Companies Act, 2013 with effect from 18thOctober, 2017. It also notified the Companies (Registered Valuers and Valuation) Rules, 2017 on 18thOctober, 2017.… Read More »

Relaxation of additional fees of filing CRA-4 (Cost Audit Report in XBRL format ) : MCA

By | December 15, 2018

General Circular No. 11/2O18 F.No. 01/34/2013 CL-V Government of India Ministry of Corporate Affairs 5th Floor, A’Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi-1. Dated: 10.12.2018 To All Regional Directors, All Registrar of Companies, A11 Stakeholders. Subject: Relaxation of additional fees and extension of last date of in fillng of CRA-4 (Cost Audit Report… Read More »

Companies (cost records and audit) Amendment Rules 2018.

By | December 5, 2018

Companies (cost records and audit) Amendment Rules, 2018. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 3rd December, 2018 G.S.R …………….. (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and… Read More »

ICAI Withdraw Implementation Guide on Auditor’s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017

By | November 26, 2018

Withdrawal of the Implementation Guide on Auditor’s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies Act, 2013 I. The Ministry of Corporate Affairs vide notification dated March 30, 2017 notified “Companies (Audit and Auditors) Amendment Rules, 2017” and “Amendment to Schedule III to the… Read More »

Regulating Audit firms and the Network in India :experts Committee Report

By | November 15, 2018

Regulating Audit firms and the Network in India Findings and Recommendations on Regulating Audit Firms and the Networks Report October 25, 2018 The Committee of Experts to look into the regulating audit firms and the networks presents its report to the government. The findings and recommendations aim to address the issues raised by the Hon’ble Supreme… Read More »

Companies Registered Valuers and Valuation 4th Amendment Rules 2018

By | November 15, 2018

Companies Registered Valuers and Valuation 4th Amendment Rules 2018. Eligibility Qualification and Experience for Registration as Valuer Government of India Ministry of Corporate Affairs Notification New Delhi, the 13th November, 2018 G.S.R….…(E).– In exercise of the powers  conferred  by  section  247 read with section 469 of the Companies Act, 2013 (18  of  2013),  the  Central Government… Read More »

CA can appear via video-conference in Misconduct cases : MCA Notification

By | November 3, 2018

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 29th October, 2018 G.S.R. 1072(E).—In exercise of the powers conferred by clauses (c) and (d) of sub-section (2) of section 29A read with sub-section (4) of section 21 and sub-sections (2) and (4) of section 21B of the Chartered Accountants Act, 1949 (38 of 1949), the Central… Read More »

Companies to file half yearly return if MSME due exceeds 45 days : Notification

By | November 3, 2018

Companies to file half yearly return of over dues to MSME with MCA where dues exceed forty five days from the date of acceptance of the goods or services MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES NOTIFICATION New Delhi, the 2nd November, 2018 S.O. 5622(E).—In exercise of powers conferred by Section 9 of the Micro, Small… Read More »

Key Points of Companies (Amendment) Ordinance 2018

By | November 3, 2018

Key Points of Companies (Amendment) Ordinance 2018 In order to strengthen the regulatory framework, The Government published Companies amendment Ordinance 2018 for amendment to the Companies Act, 2013. The key points have been discussed hereunder: Central Govt  power to change the financial Year Currently if Companies are required to change the Financial Year, they have to… Read More »

Companies Amendment Ordinance 2018 : Download /Print

By | November 3, 2018

Companies Amendment Ordinance 2018 Companies Amendment Ordinance 2018 promulgated by President of India on 02.11.2018 to further amend the Companies Act 2013. It come into force at once The President of India has promulgated an Ordinance to further amend the Companies Act, 2013 in exercise of the powers conferred by clause (1) of article 123 of the… Read More »

ROC extended time for filing of financial statements for FY ended 31.03.2018

By | October 31, 2018

Due date for filing Financial Statements & Annual Return with RoC extended to Dec. 31, 2018 Keeping in view the requests received from various stakeholders seeking extension of time for filing of financial statements for the financial year ended 31.03.2018 on account of various factors , it has been decided to relax the additional fees… Read More »

ICAI Technical Guide on Functioning of Audit Committee & Its Review Checklist :Download

By | October 30, 2018

Technical Guide on the Functioning of Audit Committee & Its Review Checklist The Audit Committee is inter alia responsible for liaison with the management; internal and statutory auditors, reviewing the adequacy of internal controls and compliance with the significant policies, procedures and reporting to the Board on key issues. The idea of having independent directors… Read More »

Taxmann Corporate Laws-As Amended by Companies (Amdt.) Act 2017 & Insolvency & Bankruptcy Code (Second Amdt.) Act 2018 (Paperback Pocket Edition) (Set of 2 Volumes) (38th Edition, September 2018) – by Taxmann

By | October 26, 2018

Corporate Laws-As Amended by Companies (Amdt.) Act 2017 & Insolvency & Bankruptcy Code (Second Amdt.) Act 2018 (Paperback Pocket Edition) (Set of 2 Volumes) (38th Edition, September 2018) Paperback – 2018 by Taxmann (Author)  Price Rs 1155 to Buy Click here Edition : 38th Edition 2018 Date of Publication : September 2018 Binding : Paperback No. Of Pages : 2632 Weight (Kgs) : 1.565 Description… Read More »

Taxmann Companies Act with Rules (10th Edition,September 2018) -As Amended by Companies (Amdt.) Act 2017 & Insolvency & Bankruptcy Code (Second Amdt.) Act 2018 – by Taxmann

By | October 26, 2018

Companies Act with Rules-As Amended by Companies (Amdt.) Act 2017 & Insolvency & Bankruptcy Code (Second Amdt.) Act 2018 (10th Edition,September 2018) Paperback – 2018 by Taxmann (Author)  Price Rs 995 to Buy Click here Edition : 2018 Edition Date of Publication : September 2018 Binding : Paperback No. Of Pages : 1444 Weight (Kgs) : 0.86 Description With Section -wise Analysis of Companies (Amdt.)… Read More »

NFRA Can Investigate CA Misconduct w.e.f 24.10.2018 : MCA Notification

By | October 26, 2018

NFRA power to investigate CA misconduct effecive from 24.10.2018. MCA notifies the relevant provisions of sections 132 of the Companies Act, 2013 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th October, 2018 S.O. 5385(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013 (18 of 2013), the Central… Read More »

Company Resolutions, Notices, Meetings and Minutes 14th Edition 2018 by Bharat

By | October 16, 2018

Company Resolutions, Notices, Meetings and Minutes Paperback – 2018 by Notices, Meetings & Minutes (with FREE Download) Company Resolutions (Translator) Price Rs 2890 to Buy Click here Publisher: Bharat Law House Pvt. Ltd. Edition: 14th edn., 2018 Year: 2018 Pages: 1912 Availability: In Stock. Product description PART I INTRODUCTION, RESOLUTIONS, NOTICES, MEETINGS & MINUTES Chapter 1Definitions, Kind of Companies &… Read More »

Instructions Amended for Balance Sheet & Profit & Loss preparation : Schedule III

By | October 15, 2018

Amendment to instructions for preparation of Balance Sheet and Profit and Loss of a company and Ind As compliant NBFC as per Schedule III – MCA Notification Video Explanation by CA Satbir Singh GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 11th October, 2018 G.S.R. (E).—In exercise of the powers conferred by sub-section… Read More »

National Financial Reporting Authority constituted from 01.10.18 under Companies Act 2013

By | October 3, 2018

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st October, 2018 S.O. 5098(E).—In exercise of the powers conferred by sub-section (3) of Section 1 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints the 1st October, 2018 as the date on which the provisions of sub-sections (1) and (12) of Section… Read More »

LLP Incorporation made fully online : MCA

By | October 2, 2018

Incorporation of LLP made fully online-Milestone in Ease of Doing Business Another Milestone in the direction of “Ease of Doing Business”: Incorporation of Limited Liability Partnership (LLP) through a complete online system made a reality  Today, one can start business by incorporating a company through an on-line process without visiting any Government office. This was… Read More »

High Level Committee Constituted on Corporate Social Responsibility of Companies

By | September 28, 2018

Ministry of Corporate Affairs High Level Committee Constituted on Corporate Social Responsibility A High Level Committee on Corporate Social Responsibility – 2018 (HLC-2018) has been constituted under the Chairmanship of Shri. Injeti Srinivas, Secretary, Ministry of Corporate Affairs (MCA) to review the existing framework and guide and formulate the roadmap for a coherent policy on… Read More »

New RUN-LLP Form : Precautions to be taken by professionals and users

By | September 27, 2018

New RUN-LLP Form for Limited Liability Partnership Process Re-engineering of LLP-Incorporation related forms – Precautions to be taken by professionals and users In the wake of successfully initiating Ease of Doing Business(EoDB) reforms by introducing game changing, simplified and integrated procedures viz. SPICe (Simplified Proforma for Incorporating Company electronically), Reserve Unique Name(RUN) for starting a business… Read More »

Companies (Registered valuers and Valuation) Third Amendment Rules 2018

By | September 26, 2018

Companies (Registered valuers and Valuation) Third Amendment Rules, 2018. MCA has amended the Companies (Registered Valuers and Valuation) Rules, 2017 wherein Rule 11 which relates to ‘Transitional Arrangement ‘has been amended to extend the last date for obtaining registration certificate for persons who are rendering valuation services without a certificate of registration under the Companies… Read More »