Category Archives: Companies Act 2013

Guidance Note on Reporting on Fraud u/s 143(12) of Companies Act 2013

By | February 13, 2016

Guidance Note on Reporting on Fraud u/s 143(12) of Companies Act 2013 The Council of the Institute of Chartered Accountants of India at its 350th meeting held on February 10, 2016 approved the Revised Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013. For the benefit of the members, complete… Read More »

Directors can not be appointed if age above 70 years

By | February 12, 2016

Facts of the case On 1st April 2014, Companies Act was amended and by the Amendment Act of 2013, a new clause was introduced in Section 196(3)(a). By virtue of the said amendment vide sub-clause (3)(a), additional disqualification was added to the disqualifications which already existed in the said provision namely a Managing Director could… Read More »

ICAI released Guidance Note on Accounting for Depreciation as per Schedule II to the Companies Act, 2013

By | February 11, 2016

Guidance Note on Accounting for Depreciation as per Schedule II to the Companies Act, 2013 Download Guidance Note on Accounting for Depreciation as per Schedule II to the Companies Act, 2013     Click to View Guidance Note on Accounting for Depreciation as per Schedule II to the Companies Act, 2013 – (11-12-2016)

Report of Companies Law Committee to make 100 amendments in Act

By | February 2, 2016

Report of the Companies Law Committee The Companies Law Committee was constituted in June 2015 for examining and making recommendations on the issues arising out of implementation of the Companies Act, 2013. The Committee submitted its report to the Government today. The Committee was chaired by Secretary, Ministry of Corporate Affairs and consisted of Shri… Read More »

Central Registration Centre to Process applications for reservation of names under Companies act

By | January 27, 2016

[To be published in the Gazette of India, Extraordinary, Part ll, Section 3, sub-Section(ii) ] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 22 January 2016 S.O. (E) In exercise of the power-s conferred by sub-sections (1) and (2) of section 396 of the Companies Act ,2013 (18 of 2013) (herein after referred… Read More »