Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of dormant companies, invocation of Benami Transactions (Prohibition) Amendment Act, 2016; A Task Force set-up under the Co-chairmanship of the Revenue Secretary and Corporate Affairs Secretary with members from various regulatory Ministries and Enforcement Agencies… Read More »
Ministry of Corporate Affairs updates dt. 18.01.2017 Forms ADJ, DIR-6 and 23AC are likely to be revised on MCA21 Company Forms Download page w.e.f 19th Jan 2017. Stakeholders are advised to check the latest version before filing. Revised INC-7 form for incorporating Part 1 companies and companies with more than 7 Subscribers is made available… Read More »
From Ministry of Corporate Affairs , Govt of India To, The Principal Officer All eligible companies Sir, As per Rule 114E of the Income Tax Rules 1962, for and from 2016-17, all companies have to be furnish SFT in respect of certain specified transactions as tabulated below: S.No. Nature and value of transactions Reporting companies… Read More »
Company Meetings Kinds of Company Meetings There are various meeting that are held in a company for several decision making. Among the various such meeting, the following are the significant one: Board Meeting; Committee of Board Meeting; Management Committee Meeting Annual General Meeting; Extra Ordinary General Meeting; Extra Ordinary General Meeting onrequisition; Court convened Meeting;… Read More »
Exposure Draft of Ind AS XBRL Taxonomy As per the roadmap issued by the Ministry of Corporate Affairs (MCA) in February 2015, certain class of companies have to prepare their financial statements as per Indian Accounting Standards (Ind AS) which are converged with International Financial Reporting Standards (IFRS) w.e.f F.Y. 2016-17. MCA has also notified… Read More »
Company Law Manual A Compendium of Companies Act 2013 & Company Rules & Forms Paperback – 2017 Link to Buy Company Law Manual A Compendium of Companies Act 2013 & Company Rules & Forms Paperback – 2017 Edition : 6th Edition 2017 Date of Publication : January 2017 Binding : Paperback No. Of Pages : 2168… Read More »
Held A report from office of ROC Kanpur (UP & Uttarakhand) was called for. The ROC vide his report dated 31-7-2015 has submitted that matter may be decided on merits. However, in Point 22 of its report. He also recommended for compounding/composition of offence. This means that the office of ROC has no objection for… Read More »
SPICe (INC-32) Vide the Companies (Incorporation) Amendment Fifth Rules, 2016 dated 29th December 2016, INC-2 is deprecated and INC-7 shall be used for incorporating Part I Companies and companies with more than seven subscribers only. The revised INC-7 shall be made available on the portal for filing purposes w.e.f 15th January 2017. For incorporating OPCs… Read More »
Notification –Exemption to Specified IFSC Public company –under section 462 of the Companies Act,2013 GOVERNMENT OF INDIA MINISTRY OP CORPORATE AFFAIRS Notification New Delhi. the 4th January, 2017 GSR.___(E). – In exercise of the power conferred by clauses (a) and (b) of sub-section (1) of section 462 and in pursuance of sub-section (2) of the said section of… Read More »
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 4th January, 2017 G.S.R.___ (E). – In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 462 and in pursuance of sub-section (2) of the said section of the Companies Act., 2013 (18 of 2013), the Central Government, in the… Read More »