Category Archives: Companies Act 2013

Companies Act With Rules 8th Edition September 2017 Taxmann Book

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 

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 »

Demonetization impact on Audit Report for FY 2016-17

 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 »

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

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 »

TAXMANN’S Company Law Manual -7th Edition 2017 – Compendium of Companies Act 2013 & Company Rules & Forms,

TAXMANN’S Company Law Manual : A Compendium of Companies Act 2013 & Company Rules & Forms, by Taxmann  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… Read More »

Companies Act With Rules -7th Edition Book – May 2017 -Taxmann -ICSI

Companies Act With Rules  – 2017 by Taxmann (Author) Incorporating Annotated Text of Companies Act 2013 [As amended by Insolvency and Bankruptcy Code 2016 & Finance Act 2017] & Rules framed thereunder Rules Framed under Companies Act 2013 Circulars & Notifications issued under Companies Act 2013 as well as New SS-1 & SS-2 Annotation under each… Read More »

Companies may accept deposits without deposit insurance contract till 31.03.2018

Government of India Ministry of Corporate Affairs Notification New Delhi, dated, the  11th May, 2017 G.S. R. _____(E). – In exercise of the powers conferred by sections 73 and 76 read with sub-section (1) and sub-section (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules… Read More »

Digital Signature Certificate (DSC) Ready Reckoner -Book 2017 – FCA Rahul Agrawal

Digital Signature Certificate (DSC) Ready Reckoner Paperback – 2017 by FCA Rahul Agrawal (Author), One Solution for all your DSC/Token/Java Related Query/ Error/Confusion(Preface) We are aware of fact that in day to day activities, use of digital signature is increasing and users are facing a lot of difficulties in using digital signature. Even people think… Read More »

IBBI constitutes Technical Committee under IBBI (Information Utilities) Regulations 2017

The Insolvency and Bankruptcy Board of India (IBBI) constitutes Technical Committee to lay down Technical Standards for the performance of core services and other services under IBBI (Information Utilities) Regulations, 2017 The Insolvency and Bankruptcy Board of India (IBBI) has constituted a Technical Committee in accordance with Regulation 14 of the IBBI (Information Utilities) Regulations,… Read More »

Dress Code for CS appearing before Judicial/Quasi – Judicial bodies and Tribunals like NCLT – NCLAT, etc.

Dress Code for CS appearing before Judicial/Quasi – Judicial bodies and Tribunals like NCLT – NCLAT, etc. The Council prescribed the Professional Dress Code for Company Secretaries to appear before judicial / quasi-judicial bodies and tribunals like NCLT- NCLAT, SAT, etc. as under: Members are advised to strictly adhere to the Dress Code prescribed by… Read More »

Section 2 Companies Act 2013

Section 2 Companies Act 2013 5 Definitions. 2. In this Act, unless the context otherwise requires,— 6(1)7 “abridged prospectus” means a memorandum containing such salient features of a prospectus as may be specified by the Securities and Exchange Board by making regulations in this behalf; 8(2)9 “accounting standards” means the standards of accounting or any… Read More »

IBBI invites comments on Draft regulations for Fast Track Resolution process for Eligible Corporate Persons

IBBI invites public comments on Draft regulations for Fast Track Resolution process for Eligible Corporate Persons Insolvency and Bankruptcy Board of India (IBBI) vide Press Release dated 18th April 2017 issued ‘Draft Regulations for Fast Track Resolution Process for Eligible Corporate Persons’ ‘A draft notification under Section 55(2) of IBC, 2016 for eligible corporate debtors’… Read More »

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 »