Category Archives: Companies Act 2013

How Companies should sign Share Certificates : Notifications

By | April 12, 2018

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 »

Fees for Late Filing of Annual ROC Returns to increase to Rs. 100 per day

By | April 10, 2018

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 : Amendment of section 45A

By | April 1, 2018

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 : Amendment of section 40

By | April 1, 2018

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 : Amendment of section 33B

By | April 1, 2018

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 »

Section 170 of Finance Act 2018 : Amendment of section 33

By | April 1, 2018

Section 170 of Finance Act 2018 [Section 170 of Finance Act 2018 deals with Amendment of section 33 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 33 170. In section 33 of the principal Act, in sub-section (2), for the words, brackets and figures “sub-section (2) of section 227 of the Companies Act, 1956” (1 of… Read More »

Section 169 of Finance Act 2018 : Amendment of section 29A

By | April 1, 2018

Section 169 of Finance Act 2018 [Section 169 of Finance Act 2018 deals with Amendment of section 29A and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 29A 169. In section 29A of the principal Act, in the Explanation, in clause (II), for the words and figures “Companies Act, 1956” (1 of 1956), the words and figures “Companies Act,… Read More »

Extension of companies condonation of delay scheme 2018

By | April 1, 2018

Extension of companies condonation of delay scheme 2018 (CODS-2018) upto 30th April, 2018  General Circular No. 02/2018 File No.02/04/2017-CL-V Ministry of Corporate Affairs 5th Floor, ‘A’ Wing , Shastri Bhawan Dr. Rajendra Prasad Road, New Delhi- 110 001. Dated: 28.03.2018 To All Regional Directors, All Registrar of Companies, All Stakeholders. Sir, Subject: Condonation of Delay… Read More »

Prosecution against 780 listed companies filed for not filing annual returns

By | March 24, 2018

Ministry of Corporate Affairs Ministry of Corporate Affairs (MCA) has filed prosecution against 780 listed companies under various sections of Companies Act, 2013 due to non-filing of Financial Statements and Annual Returns Posted On: 23 MAR 2018 6:42PM by PIB Delhi The Government has taken any steps against listed companies which are not functioning. Ministry… Read More »

National Financial Reporting Authority approved by Govt

By | March 1, 2018

Cabinet Cabinet approves Establishment of  National Financial Reporting Authority Posted On: 01 MAR 2018 6:52PM by PIB Delhi The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal for establishment of National Financial Reporting Authority (NFRA) and creation of one post of Chairperson, three posts of full-time Members and one… Read More »

Guide to Companies (Amendment) Act 2017 (2018 Edition)  by Taxmann (A

By | January 20, 2018

Guide to Companies (Amendment) Act 2017 (2018 Edition) Paperback – 2018 by Taxmann (Author) Description Incorporating Comprehensive analysis of Companies (Amendment) Act 2017 Section-wise Quick Guide to Companies (Amendment) Act 2017 Price Rs 305 Click to buy online Edition : 2018 Edition Date of Publication : January 2018 ISBN No.:9789386882820 Binding : Paperback No. Of Pages : 212 Weight (Kgs) : 0.24 View Contents of Guide… Read More »

How to revive struck off Companies

By | January 17, 2018

PROCEDURE OF REVIVAL AND RESTORATION OF STRUCK OFF NAME OF COMPANY VIA NCLT ROUTE OVERVIEW: Over 1.62 lakh companies have not been carrying out business activities for long have been deregistered and a series of action against such shell companies have been taken, said the Minister of Finance, Mr. Arun Jaitely. Registrar of Companies (ROC),… Read More »

Government notifies the Companies (Amendment) Act 2017

By | January 9, 2018

Ministry of Corporate Affairs The Central Government notifies the Companies (Amendment) Act, 2017 Posted On: 08 JAN 2018 11:20AM by PIB Delhi The Central Government notified the Companies (Amendment) Act, 2017 (Amendment Act) on 3rd January, 2018. The provisions of this Amendment Act shall come into force on the date or dates as the Central Government… Read More »

MAT on Companies : Relaxation in case of corporate insolvency resolution process

By | January 8, 2018

Ministry of Finance Relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016 Posted On: 06 JAN 2018 8:51PM by PIB Delhi The existing provisions of section 115JB of the… Read More »

Companies Amendment Act 2017 : Download Notification

By | January 5, 2018

Companies Amendment Act 2017 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 3rd January, 2018/Pausha 13, 1939 (Saka) The following Act of Parliament received the assent of the President on the 3rd January, 2018, and is hereby published for general information:— THE COMPANIES (AMENDMENT) ACT, 2017 NO. 1 OF 2018 [3rd January, 2018.]… Read More »

[Book CA Final May 2018 ] Corporate, Allied & Economic Laws : 8th Edition 2018 : CA Kamal Garg

By | January 4, 2018

Handbook on CORPORATE, ALLIED & ECONOMIC LAWS by CA. Kamal Garg (Author) Price Rs 750 Click to buy online About Handbook on CORPORATE, ALLIED & ECONOMIC LAWS Part IA: Provisions from Companies Act, 2013 Division 1 Declaration and Payment of Dividends Chapter 1       Declaration of Dividend Chapter 2       Interim Dividend Chapter 3       Final Dividend Chapter 4       Transfer of… Read More »

[ Book] Arrests under the Companies Act,2013 : Bharat Publication Book

By | January 4, 2018

Arrests Inspection Enquiry & Investigation under the Companies Act,2013  by CA. Kamal Garg (Author) Price Rs 311 Click to buy online About ARRESTS under the Companies Act, 2013 Division I Arrest Provisions under Companies Act, 2013 Chapter 1 Inspection, Enquiry and Investigation Chapter 2 Serious Fraud Investigation Office Chapter 3 Special Courts under the Companies Act, 2013 Chapter… Read More »

Internal Audits : ICAI Exposure Draft

By | December 29, 2017

ICAI Exposure Draft Framework governing Internal Audits Internal audit provides independent assurance on effectiveness of internal controls, risk management processes and contributes to enhancing governance for achieving organizational objectives. The Internal Audit Standards Board of The Institute of Chartered Accountants of India (ICAI) has invited comments on the proposed Framework Governing Internal Audits The stated objective… Read More »

142 listed companies fined for non appointment of women director

By | December 23, 2017

Ministry of Corporate Affairs Listed companies must comply on appointing women board directors; total 142 listed companies fined Posted On: 22 DEC 2017 7:02PM by PIB Delhi Section 149 of Companies Act, 2013 (the Act) read with the corresponding rules requires every listed company and prescribed class of companies to have a women director.   Section… Read More »

Properties of struck off companies from RoC can’t be used / transferred

By | December 23, 2017

Properties of struck off companies from RoC can’t be used, operated, transferred or alienated in any manner Posted On: 22 DEC 2017 7:05PM by PIB Delhi The Central Government has drawn the attention of all the concerned States and Union Territories (UTs) towards the fact that so far,  2,24,733, companies have been struck off from… Read More »

SEBI Manual Book (Set of 3 Volumes) 31st Edition 2017 by Taxmann

By | December 15, 2017

SEBI Manual (Set of Three Volumes) – 2017 by Taxmann (Author) Price Rs 4900 . Click to buy online Edition : 31st Edition 2017 Date of Publication : Dec.2017 ISBN No.:9789386882431 Binding : Paperback No. Of Pages : 4188 Weight (Kgs) : 4.42 Description VOL 1 SEBI ( Issue of Capital and Disclosure Requirements) Regulations 2009 SEBI Act 1992 Securities Contracts ( Regulation) Act… Read More »

IBBI notify Regulations for handling of Grievances and Complaints under Insolvency and Bankruptcy code 2016

By | December 10, 2017

The Insolvency and Bankruptcy Board of India (IBBI) notifies Regulations for handling of Grievances and Complaints.  The Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017 in the Gazette of India on 7th December, 2017. The Regulations enable a Stakeholder, namely, debtor, creditor, claimant, service provider, resolution applicant… Read More »

Directors’ Responsibility Under Various Acts : Book : November 2017

By | December 7, 2017

Directors’ Responsibility Under Various Acts Paperback– 2017 by The Chamber of Tax Consultants (Author) Price Rs 560 Click to buy Online Paperback: 292 pages Publisher: Taxmann; November 2017 Edition edition (2017) Language: English The Companies Act, 2013 replaced the Companies Act, 1956, with an objective to achieve more transparency, accountability and promote better Corporate Governance, in the functioning of Companies. As… Read More »

Companies (Registered Valuers and Valuation) Rules 2017 : Download

By | October 21, 2017

Companies (Registered Valuers and Valuation) Rules 2017. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i)] Ministry of Corporate Affairs New Delhi, the 18th October, 2017 G.S.R (E).─ In exercise of the powers conferred by section 247 read with sections 458, 459 and 469 of the Companies Act, 2013 (18… Read More »

Section 247 of Companies act w.e.f 18.10.2017 Valuation by Registered Valuers

By | October 21, 2017

Ministry of Corporate Affairs issues Notification for commencement of Section 247 of the Companies Act, 2013 relating to Valuation by Registered Valuers ;.  The Companies (Registered Valuers and Valuation) Rules, 2017, finalized after public consultation and detailed deliberations with stakeholders, have also been issued simultaneously. The Ministry of Corporate Affairs has issued Notification for commencement… Read More »

Transfer of Shares to IEPF Authority

By | October 17, 2017

EPF Authority  demat account details for transfer of shares. The due date for transfer of shares by companies is 31st October 2017 General Circular  No. 12/2017 No. 11/06/2017-IEPF Government  of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing Shastri Bhawan, Dr.R. P.Road New Delhi- 110001 Dated: 16.10.2017 To All Stakeholders Nodal Officers (IEPF) of Concerned… Read More »

EPF-Procedure for transfer of shares to demat account of authority

By | October 17, 2017

EPF-Procedure for transfer of shares to demat account of authority. IEPF Authority (Accounting Audit Transfer and Refund) Second Amendment Rules 2017. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 13th October, 2017 G.S.R.  (E).- In exercise of the powers conferred by sub-sections (1), (2), (3), (4), (8), (9), (10) and (11) of section… Read More »

Govt received info for 2.09 Lakh suspicious companies from Banks

By | October 6, 2017

Government of India receives vital information from 13 Banks regarding the bank account operations and post-demonetization transactions of some of the 2,09,032 suspicious companies that had been struck off the Register of Companies earlier this year;  Investigative agencies have been asked to complete necessary investigation in a time bound manner. In what is undoubtedly a… Read More »

Companies Act With Rules 8th Edition September 2017 Taxmann Book

By | September 8, 2017

Companies Act With Rules 8th Edition September 2017 Taxmann Book Incorporating Annotated Text of Companies Act 2013 & Rules framed thereunder Rules Framed under Companies Act 2013 Circulars & Notifications issued under Companies Act 2013  New SS-1 and SS-2 effective from 1-10-2017 Annotation under each section shows Relevant rules framed under the relevant section Reference… Read More »

Govt put Ban on Bank accounts of struck off companies 

By | September 5, 2017

Department of Financial Services advises all Banks to take immediate steps to put restrictions on bank accounts of over two lakh ‘struck off’ companies  Government has stepped up decisive action against companies falling within the ambit of Section 248 of the Companies Act. The names of 2,09,032 companies have been struck off from the Register… Read More »

Taxmann Company Law Manual 8th Edition 2017 Book

By | September 3, 2017

Company Law Manual – A Compendium of Companies Act 2013 along with Relevant Rules Incorporating Annotated text of Companies Act 2013 (As Amended by Insolvency and Bankruptcy Code 2016 & Finance Act 2017) & Rules framed thereunde Text of Relevant Rules given  along with text of relevant section of Companies Act 2013 Annotation under each section… Read More »

SS 1 and SS 2 Secretarial Standard withdrawn by ICSI w.e.f 30.09.2017

By | August 20, 2017

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA (Statutory Body under an Act of Parliament) NOTIFICATION New Delhi, the 16th August, 2017 F. No. ICSI/6/2017.—The Notification ICSI No.1 (SS) of 2015 dated 23rd April, 2015, published in the Gazette of India, Part III, Section 4, with regard to (i) SS-1: Secretarial Standard on Meetings of the Board of… Read More »

Demonetization impact on Audit Report for FY 2016-17

By | June 2, 2017

 Demonetization impact on Audit Report for FY 2016-17 In one of the historical reforms of the economy of India, Rs 500 and Rs 1,000 notes were banned effective from Tuesday midnight i.e on midnight of 08.11.2016. Lets study demonetization impact on Audit Report . Demonetization impact on Audit Report : Notifications of Ministry of Company Affairs… Read More »

Due date of transfer of shares to Investor Education and Protection Fund Authority.

By | May 30, 2017

Clarification by MCA regarding due date of transfer of shares to IEPF Authority. – (30-05-2017) Dear Member, Sub: MCA Clarification regarding due date of transfer of shares to Investor Education and Protection Fund Authority. We would like to inform you that Ministry of Corporate Affairs has issued a clarification pursuant to second proviso to Rule… Read More »

Certain provisions of ‘Insolvency and Bankruptcy Code’ from April 1, 2017

By | May 19, 2017

SECTION 1 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016 – ACT – ENFORCEMENT OF – NOTIFIED DATE ON WHICH PROVISIONS OF CLAUSE (a) TO (d) OF SECTION 2 OF SAID CODE SHALL COME INTO FORCE NOTIFICATION NO. SO 1570(E) [F.NO.30/7/2016-INSOLVENCY SECTION], DATED 15-5-2017 In exercise of the powers conferred by sub-section (3) of section 1… Read More »

Limited Insolvency Examination to start from 1st July, 2017 to 30th June, 2018

By | May 18, 2017

Press Information Bureau Government of India Ministry of Corporate Affairs 17-May-2017 18:41 IST Second Edition of Limited Insolvency Examination to start from 1st July, 2017 to 30th June, 2018 The Insolvency and Bankruptcy Board of India (IBBI) has specified the syllabus, format and frequency of the “Limited Insolvency Examination” under regulation 3(3) of the Insolvency… Read More »