Intimation by Companies for satisfaction of charge Companies (Registration of Charges) Amendment Rules 2018. [ F.No. 01/10/2013 CL-V ] Dated 05.07.2018 The Ministry of Corporate Affairs (MCA) has notified the Companies (Registration of Charges) Amendment Rules, 2018 wherein Rule 12 related to time period for filing the CHG-4 for satisfaction of charge has been amended.… Read More »
Companies (Acceptance of Deposit) Amendment Rules 2018 The Ministry of Corporate Affairs (MCA) has amended the Companies (Acceptance of Deposit) Rules, 2014 wherein it has been specified that a certificate of the statutory auditor of the company shall be attached in Form DPT-1 (Circular or Circulars in the form of Advertisement inviting deposit), stating that… Read More »
MCA imposes penalty of Rs. 5,000 on directors if they fail to file their e-KYC on or before due date The Ministry of Corporate Affairs (MCA) has amended the Companies (Registration Offices and Fees) Rules, 2014 wherein Rs. 5000 penalty has been specified for those directors who fail to file their KYC with the MCA… Read More »
Every Director who has been allotted DIN on or before 31st March, 2018 and whose DIN is in ‘Approved’ status, would be mandatorily required to file form DIR-3 KYC on or before 31st August, 2018. Mandatory KYC for directors of all companies by August 31, 2018: MCA As part of updating the registry, MCA would… Read More »
Ministry of Finance Task Force on Shell Companies takes pro-active and coordinated steps to check the menace of shell companies • Compilation of a database of shell companies by SFIO • During Financial Year 2017-18 ROCs identified and removed from the register of companies the names of 2,26,166 companies; 3,09,619 directors disqualified • A total… Read More »
Signing of share certificates by companies without common seal. Amendment to Table-F of the Schedule-I Articles of Association of company limited by shares From the commencement of the Companies (Amendment) Act, 2015 (21 of 2015), i.e. with effect from the 29th May, 2015, companies are not be required to have “common seal” by virtue of… Read More »
It is proposed to amend shortly, the Companies (Registration Offices and Fees) Rules 2014 to levy additional fee @Rs.100 per day for filings under Section 92 (Annual Return) or 137 (Annual Financial Statement) of the Companies Act, 2013. Once notified, the additional fee @Rs.100 per day (beyond the normal date of filing) shall become payable in respect of:- 23AC – Filing… Read More »
Section 176 of Finance Act 2018 [Section 176 of Finance Act 2018 deals with Amendment of section 45A and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 45A 176. In section 45A of the principal Act, in sub-section (1), for the words and figures “Companies Act, 1956″(1 of 1956), the words and figures “Companies Act, 2013” (18… Read More »
Section 174 of Finance Act 2018 [Section 174 of Finance Act 2018 deals with Amendment of section 40 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 40 174. In section 40 of the principal Act, in sub-section (1), for the words, brackets and figures “sub-section (1) of section 226 of the Companies Act, 1956″(1 of 1956),… Read More »
Section 171 of Finance Act 2018 [Section 171 of Finance Act 2018 deals with Amendment of section 33B and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 33B 171. In section 33B of the principal Act, in sub-sections (1) and (4), for the words and figures “Companies Act, 1956” (1 of 1956), the words and figures “Companies… Read More »