Category Archives: Companies Act 2013

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 »

Exemption to Specified IFSC Public company –under section 462 of the Companies Act,2013

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 »

Formats of acceptance letters by incoming auditor u/s 139(1) of Companies Act

Eligibility Letter u/s 139(1) of the Companies Act, 2013 [ Illustrative Formats of acceptance letters to be submitted by the incoming auditor u/s 139(1) of the Companies Act, 2013 (the formats are illustrative only and not mandatory ) : Ethical Standards Board  of ICAI ]  Illustrative Eligibility Letter u/s 139(1) of the Companies Act, 2013… Read More »

Companies (Removal of Names of Companies from the Register of Companies) Rules 2016.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Corporate Affairs Notification New Delhi, the 26th December, 2016 G.S.R. ….(E).- In exercise of the powers conferred by sub-sections (1), (2) and (4) of section 248 read with section 469 of the Companies Act, 2013… Read More »

Availability of Form STK on MCA-21 portal

General Circular No 16/2016 F. No. 1/28/2013-CLV Government of India Ministry of Corporate Affairs 5th floor, A’ wing, Shastri Bhavan, Dr. R.P.Road, New Delhi – 110001. Dated 26th December, 2016 To All Regional Directors, All Registrar of Companies, All Stakeholders. Subject : Removal of names of companies from the Register of Companies – clarification regarding… Read More »

Section 248 to 252 of Companies Act 2013 Commencement w.e.f 26.12.2016

(To be published in the Gazette of India, Extra-ordinary, Part II, Section 3, Sub-Section (ii)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 26th December, 2016 S.O. (E),-in exercise of the powers conferred by sub-section (3) of Section 1 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints… Read More »

Year End Review – 2016 -Ministry of Corporate Affairs Achievements -422 Sections of Companies Act notified

Major policy initiatives and achievements of the Ministry of Corporate Affairs (MCA); MCA entrusted with the responsibility to administer the Insolvency and Bankruptcy Code, 2016 (Code);The Insolvency and Bankruptcy Board of India (IBBI) established; Stabilization of the Cost Records and Audit Rules Year End Review – 2016 Ministry of Corporate Affairs   Following are the… Read More »

Directors- Meetings and Resolutions – New Book

Directors -Meetings and Resolutions Dossier of 100 resolutions required during Board and Committee meetings. Book takes a comprehensive approach to understand the requirements of the office of a director, his roles, responsibilities, liabilities in the light of the relevant sections, decided cases and the applicable Secretarial Standards, when it comes to procedural aspects like board… Read More »

Procedure to remove Director of Company

Procedure to remove a Director of Company The shareholders of a company can remove any director through ordinary resolution before the expiry of his tenure, except any director appointed by the Tribunal for prevention of oppression and mismanagement under Section 242 and a director appointed under the principle of proportional representation under Section163 of the Companies… 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 Demonetization impact on Audit Report : Notifications of Govt of India Before Audit , Auditor needs to have read… Read More »

National Company Law Tribunal -Practice & Procedure Book

National Company Law Tribunal (NCLT) & National Company Law Appellate Tribunal (Practice & Procedure) Paperback – 2016 Link to Buy National Company Law Tribunal (NCLT) & National Company Law Appellate Tribunal (Practice & Procedure)  Chapter I           Historical Background of National Company Law Tribunal (NCLT)/National Company Law Appellate Tribunal (NCLAT) Chapter II          Constitution of National… Read More »

Will holder will get Shares after death not nomination holder u/s 109A of Companies Act

Whether a nominee of a holder of shares or securities appointed under Section 109A of the Companies Act, 1956 read with the Bye-laws under the Depositories Act, 1996 is entitled to the beneficial ownership of the shares or securities subject matter of nomination to the exclusion of all other persons who are entitled to inherit… Read More »

Companies Removal of Difficulty regarding transfer of winding-up cases

The Companies (Removal of Difficulties) Fourth Order, 2016 MINISTRY OF CORPORATE AFFAIRS ORDER New Delhi, the 7th December, 2016 S.O. 3676(E).—Whereas clause (c) of sub-section (1) of section 434 of the Companies Act, 2013 (hereinafter referred to as the 2013 Act) provides that on a date which may be notified by the Central Government for… Read More »

Certain sections of Companies Act 2013 w.e.f 15.12.2016 Notified

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 7th December, 2016 S.O. 3677(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints the 15th day of December, 2016 as the date on which the following provisions of the said Act… Read More »

Companies (Transfer of Pending Proceedings) Rules 2016

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 7th December, 2016 G.S.R. 1119(E).— In exercise of the powers conferred under sub-sections (1) and (2) of section 434 of the Companies Act, 2013 (18 of 2013) read with sub-section (1) of section 239 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (hereinafter referred to… Read More »

Guidance Note on Reports in Company Prospectuses (Revised 2016) issued by Auditing and Assurance Standards Board

Guidance Note on Reports in Company Prospectuses (Revised 2016) issued by the Auditing and Assurance Standards Board – (01-12-2016) Download Guidance Note on Reports in Company Prospectuses (Revised 2016) issued by the Auditing and Assurance Standards Board – (01-12-2016)

Secretarial Standards on Dividend -Exposure Draft

Exposure Draft SECRETARIAL STANDARD ON DIVIDEND The following is the text of the Secretarial Standard-3 (SS-3) on “Dividend”, issued by the Council of the Institute of Company Secretaries of India. Adherence to this Secretarial Standard is recommendatory for all companies to facilitate uniform practices in distribution of profits by way of “Dividend”. (In this Secretarial… Read More »

Secretarial Standard on Report of Board of Directors -Exposure Draft

Exposure Draft SECRETARIAL STANDARD ON REPORT OF THE BOARD OF DIRECTORS The following is the text of Secretarial Standard on “Report of the Board of Directors”, issued by the Council of the Institute of Company Secretaries of India. Adherence by a company to this Secretarial Standard is recommendatory. (In this Secretarial Standard, the Standard portions… Read More »

Intangible assets, relevant Indian Accounting Standards (Ind AS) shall apply

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 17th November, 2016 G.S.R. 1075(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 amend Schedule II to the said Act, namely:- 1. In the Companies Act,… Read More »

Insolvency and Bankruptcy Code 2016 certain provisions w.e.f 01.11.2016

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st November, 2016 S.O. 3355(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby appoints the 1st November, 2016 as the date on which the provisions of the following sections of… Read More »

Committee for National Corporate Social Responsibility Award

SECTION 135 OF THE COMPANIES ACT, 2013 CORPORATE SOCIAL RESPONSIBILITY CONSTITUTION OF STEERING COMMITTEE FOR CONDUCTING NATIONAL CORPORATE SOCIAL RESPONSIBILITY AWARD OF MINISTRY OF CORPORATE AFFAIRS GENERAL CIRCULAR NO.11/2016 [F.NO.02/04/2016-CSR], DATED 15-9-2016 In pursuance to the approval of Hon’ble Corporate Affairs Minister, National CSR Award is being set-up by the Ministry of Corporate Affairs. A… Read More »