Category Archives: Companies Act 2013

Consolidation under Ind AS – IFRS Converged Standards-Book

Consolidation under Ind AS – IFRS Converged Standards Paperback – 2016 by CA Parveen Kumar (Author) Publishing consolidated financial statements was not compulsory for Indian companies till last year. The Companies Act 2013 (‘Act’) mandates preparation of consolidated Financial Statements for all the companies having subsidiaries. The Act also establishes the principle that financial statements… Read More »

Depreciation Under Schedule II of Companies Act 2013 and Income Tax Act 1961 With Illustrations – CA Kamal Garg

Depreciation Under Schedule II of Companies Act 2013 and Income Tax Act 1961 With Illustrations Paperback – 2017 by CA Kamal Garg (Author) Price Rs 660. Click to buy online Key Contents : Depreciation Under Schedule II of Companies Act 2013 Chapter 1       Depreciation under Companies Act, 2013 Chapter 2       AS-6 (Revised): Depreciation Accounting Chapter 3       AS-10:… Read More »

MCA Clarify Generation of Online Challan for Offline Payment Cases

MCA General Circular 2/2017 on Clarification reg. Generation of Online Challan for Offline Payment Cases; prescribes two step process to facilitate filing of e-form IEPF-1 in cases where Challans were not generated by companies on MCA21 portal prior to 15 Dec. 2016 In terms of Investors Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016… Read More »

iGAAP 2016 A guide to Ind AS reporting – Deloitte

iGAAP 2016 A guide to Ind AS reporting Hardcover – 2016 by Deloitte (Author) Price Rs 5880. Click to buy online Description In February 2015, the Ministry of Corporate Affairs notified the Companies (Indian Accounting Standards) Rules, 2015 that set out the text of 39 Indian Accounting Standards (Ind ASs) and the dates of implementation of… Read More »

MCA amends rules for striking off names of companies from Register

COMPANIES (REMOVAL OF NAMES OF COMPANIES FROM THE REGISTER OF COMPANIES) AMENDMENT RULES, 2017 – AMENDMENT IN RULE 7 AND INSERTION OF FORM NO.STK-5 NOTIFICATION [F.NO.1/28/2013-CL-V], DATED 12-4-2017 In exercise of the powers conferred by sub-stations (1), (2) and (4) of section 248 read with section 469 of the Companies Act, 2013 (18 of 2013),… Read More »

MCA amends M&A rules for foreign company

COMPANIES (COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS) AMENDMENT RULES, 2017 – INSERTION OF RULE 25A AND ANNEXURE B NOTIFICATION [F.NO.1/37/2013 CL.V], DATED 13-4-2017 In exercise of the powers conferred by section 234, read with section 469 of the Companies Act, 2013, the Central Government, in consultation with the Reserve Bank of India, hereby makes the following rules… Read More »

Aadhaar Mandatory for availing MCA21 services

MISCELLANEOUS – MCA TO INTEGRATE AADHAAR FOR AVAILING MCA21 RELATED SERVICES PRESS RELEASE, DATED 13-4-2017 MCA is actively considering Aadhaar Integration for availing various MCA21 related services. As a preparatory step, all individual stakeholders viz. DIN holders/Directors/Key Managerial Personnel/Professionals of the Institute of Company Secretaries of India-Institute of Chartered Accountants of India-Institute of Cost Accountants… Read More »

Demonetised Notes Disclosure in Audit Report with FAQs – Old Notes Disclosure – SBN Notes Disclosure

Demonetised Notes Disclosure in Audit Report with FAQs 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 issued by the Auditing and Assurance Standards Board – (15-04-2017) (Pursuant to Notification No. G. S.R. 307(E) and Notification No. G.S.R. 308(E)… Read More »

Procedures and Compliances – Practical Approach to Companies Act 2013-Book 2017- 2nd edition-Milind Kasodekar

Procedures and Compliances – A Practical Approach to the Companies Act, 2013 Paperback – 1 Mar 2017 by Milind Kasodekar (Author) This book attempts to provide a master key to professionals connected to the Companies Act and is responsible for compliance management in an organisation. It aims at making a professional’s life simple by providing a… Read More »

Companies Law Ready Reckoner-Book 2017 Edition- CA, CS Jainam Shah

Companies Law Ready Reckoner Paperback – 1 Mar 2017 by CA, CS Jainam Shah (Author) This book integrates the sections with Rules, Schedules and Notification/Circulars under the Companies Act, 2013, for complete understanding of the implications of various provisions. A noteworthy element of this book is the topic wise analysis of vital concepts of the Companies… Read More »

Financial Reporting Requirements and Auditor’s Responsibilities under Companies Act 2013 -Book- Deepa Agarwal

Financial Reporting Requirements and Auditor’s Responsibilities under Companies Act, 2013 Paperback – 23 Feb 2017 by Deepa Agarwal (Author) With the Companies Act, 2013 operationalised for more than 3 years, financial reporting is a significant area for the corporates, professionals and finance directors in India. The auditor’s responsibilities have become onerous and extended as compared… Read More »

Practical Guide to Depreciation Under Companies Act 2013 -Book 2017 -Sanjeev Singhal

A Practical Guide to Depreciation Under Companies Act, 2013: Law Practice and Procedure Paperback – 2 Jan 2017 by Sanjeev Singhal (Author) The Companies Act, 2013 has introduced one of the most important provisions for companies as well as auditors in the form a new method of calculating depreciation as per Schedule II Part C of… Read More »

Computation of Depreciation Under Income Tax Act 1961 & Companies Act 2013-Book 2017 Edition-Ram Dutt Sharma

Computation of Depreciation Under Income Tax Act, 1961 & Companies Act, 2013 Paperback – 2017 by Ram Dutt Sharma (Author) Computation of Depreciation Under Income Tax Act, 1961 & Companies Act, 2013 Price Rs 295 . Click to buy Online Publisher: Commercial Law Publishers; 1st Edition 2017 edition (2017) Related Books of Income Tax Subjects… Read More »

Cabinet approves amendments to The Companies (Amendment) Bill 2016

Cabinet approves moving of official amendments to The Companies (Amendment) Bill, 2016 To be Tabled in Parliament The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to move official amendments to the Companies (Amendment) Bill, 2016. The Bill will be introduced in the Parliament.

Reg. notification specifying Increase in thresholds of De Minimis Exemption

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27th March, 2017 S.O. 989(E).—In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government, in public interest, hereby rescinds the notification of the Government of India in the Ministry of Corporate Affairs, S.O. 674(E), dated… Read More »

Demonetization -Companies to Disclose in Balance Sheet – MCA Notification

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th March, 2017 G.S.R. 308(E).—In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments to Schedule III of the said Act with effect from the date of publication… Read More »

Companies (Meetings of Board and its Powers) Amendment Rules 2017.

Companies (Meetings of Board and its Powers) Amendment Rules 2017. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th March, 2017 G.S.R. 309(E).—In exercise of the powers conferred under sections 173, 175, 177, 178, 179, 184, 185, 186, 187, 188, 189 and section 191 read with section 469 of the Companies Act, 2013 (18 of… Read More »

Applicability of threshold exemption limits for combinations under Competition Act : MCA Clarify

Ministry of Corporate Affairs issues fresh notifications wherein, the Central Government intends to provide clarity on the applicability of the threshold exemption limits to all forms of combinations; Clarity on the methodology to be adopted for calculating the relevant assets and turnover of the target when only a portion or segment or business of one… Read More »

Lexis Nexis Companies Act 2013 (with Rules & Forms) 2017 (5th Edition Book)

Lexis Nexis the Companies Act, 2013 (with Rules & Forms) Including the latest amended NCLT and NCLAT Rules, 2016 and incorporating amendments made by the Insolvency and Bankruptcy Code, 2016Paperback – 25 Jan 2017 by Lexis Nexis (Author) Salient Features: • Short overview of the Companies Act, 2013 and rules issued thereunder • Quick Reference… Read More »

LexisNexis Corporate Laws-2017 (6th Edition ) Book

LexisNexis Corporate Laws (The Companies Act, 2013 with allied Acts, Rules and Regulations) Including The Insolvency and Bankruptcy Code, 2016 (Palmtop Edition) Hardcover – 25 Jan 2017 by Lexis Nexis (Author) Salient Features: • Annotated text of the Companies Act, 2013 • 38 Rules issued under the Companies Act, 2013 • Quick Reference Tables listing:… Read More »

Companies Act 2013 -Book 26 Edition 2017- Bharat Publication

Companies Act 2013 Paperback – 2017 by Bare Act (Author) Exemption Notifications [All Exemption Notifications extracted under relevant sections] Referencer I        Comparative Analysis Comparative Analysis of provisions of Companies Act, 2013 with Companies Act, 1956 Comparative Analysis of provisions of Companies Act, 1956 with Companies Act, 2013 Sections of Companies Act, 2013 notified till date III.   … Read More »

NCLT and NCLAT Book 2017 Edition -Prachi Manekar Wazalwar -National Company Law Tribunal and National Company Law Appellate Tribunal

National Company Law Tribunal and National Company Law Appellate Tribunal –Paperback – 23 Feb 2017 by Prachi Manekar Wazalwar (Author) This book will equip professionals with necessary knowledge tools to practice in NCLT/NCLAT, acting as their non-verbal guide. Whether it is oppression and mismanagement cases or winding up/liquidation matters or mergers/de-mergers or class actions or an insolvency… Read More »

Companies Law Ready Reckoner – 2017 Edition Book- CA, CS Jainam Shah

Companies Law Ready Reckoner- Paperback – 1 Mar 2017 by CA, CS Jainam Shah (Author) This book integrates the sections with Rules, Schedules and Notification/Circulars under the Companies Act, 2013, for complete understanding of the implications of various provisions. A noteworthy element of this book is the topic wise analysis of vital concepts of the Companies… Read More »

Practical Approach to Companies Act 2013 – Book 2017 by Milind Kasodekar

Procedures and Compliances – A Practical Approach to the Companies Act 2013 Paperback – 1 Mar 2017 by Milind Kasodekar (Author) This book attempts to provide a master key to professionals connected to the Companies Act and is responsible for compliance management in an organisation. It aims at making a professional’s life simple by providing a… Read More »

Companies (Indian Accounting Standards) (Amendment) Rules 2017 Notification

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 17th March, 2017 G.S.R. 258(E).—In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013) and sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), the Central Government, in consultation with the National… Read More »

Amendment in Companies Act

Amendment in Companies Act Amendments in the Companies Act, 2013 have been proposed through Companies (Amendment) Bill, 2016. The said Bill, inter-alia, includes changes in provisions relating to incorporation related matters with regard to name reservation, contents of memorandum and for substitution of requirement of “affidavit” at the incorporation stage with “declaration”. Companies (Amendment) Bill,… Read More »

Easy registration of Companies

Easy registration of Companies The Ministry of Corporate Affairs had setup the Central Registration Centre in 2016 for processing “Name Availability” and “Incorporation” applications for starting a new company. In cases where the applications are compliant with the Companies Act/Rules, the same are processed within the next 1-2 working days. The authenticity is ensured by… Read More »

Companies Law Ready Reckoner – 2017 Edition Book – CA, CS Jainam Shah

Companies Law Ready Reckoner – Mar 2017 by CA, CS Jainam Shah (Author) This book integrates the sections with Rules, Schedules and Notification/Circulars under the Companies Act, 2013, for complete understanding of the implications of various provisions. A noteworthy element of this book is the topic wise analysis of vital concepts of the Companies Act, 2013, providing a… Read More »

CSR by companies during 2014-15 and 2015-16

CSR by companies Show cause notices have been issued to 1018 companies for 2014-15 for violation of Section 135 read with Section 134(3) (o) of the Companies Act, 2013. The year 2014-15 was the first year of Implementation of CSR by companies under the companies Act, 2013. Assessment of CSR expenditure of 7334 companies for… Read More »

Financial Reporting Requirements and Auditor’s Responsibilities under Companies Act 2013 Book 2017 Edition

Financial Reporting Requirements and Auditor’s Responsibilities under Companies Act 2013 – 2nd Edition by Deepa Agarwal With the Companies Act, 2013 operationalised for more than 3 years, financial reporting is a significant area for the corporates, professionals and finance directors in India. The auditor’s responsibilities have become onerous and extended as compared to the erstwhile legislation.… Read More »

Secretarial Audit Compliance Book for CS Professional June 2017 Exam by CS. Anoop Jain

Secretarial Audit Compliance Management and Due Diligence for CS Professional June 2017 Exam by CS. Anoop Jain  Useful for CS Professional June 2017 Exam You can buy this Book for Rs 465. Click to buy this book online.Publisher: AJ Publications; 8 edition (2017) Related Book for CS Exam CS Exam Books CS Exam Books / Best… Read More »

Company Law Ready Reckoner 2017 by D K Jain – New 2017 edition Book

Company Law Ready Reckoner by D K Jain Company Law Ready Reckoner is the new 2017 Edition with FREE Download of Book You can buy this book for Rs  2877 .Click to buy online .Publisher: Bharat Law House (2017) Contents of this book Company Law Ready Reckoner  2017 by D K Jain PART I PRELIMINARY Chapter… Read More »

Govt to Take Harsh punitive actions against deviant Shell Companies

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 dated 18.01.2017

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 »

Company Meetings – Date -Time -Venue

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

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 »

Delay filing of Annual Return could be compounded if recommended by ROC

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 ) FAQ’s

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 »