Category Archives: Companies Act 2013

Companies (cost records and audit) Amendment Rules 2018.

By | December 5, 2018

Companies (cost records and audit) Amendment Rules, 2018. [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 3rd December, 2018 G.S.R …………….. (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and… Read More »

ICAI Withdraw Implementation Guide on Auditor’s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017

By | November 26, 2018

Withdrawal of the 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 I. The Ministry of Corporate Affairs vide notification dated March 30, 2017 notified “Companies (Audit and Auditors) Amendment Rules, 2017” and “Amendment to Schedule III to the… Read More »

Regulating Audit firms and the Network in India :experts Committee Report

By | November 15, 2018

Regulating Audit firms and the Network in India Findings and Recommendations on Regulating Audit Firms and the Networks Report October 25, 2018 The Committee of Experts to look into the regulating audit firms and the networks presents its report to the government. The findings and recommendations aim to address the issues raised by the Hon’ble Supreme… Read More »

Companies Registered Valuers and Valuation 4th Amendment Rules 2018

By | November 15, 2018

Companies Registered Valuers and Valuation 4th Amendment Rules 2018. Eligibility Qualification and Experience for Registration as Valuer Government of India Ministry of Corporate Affairs Notification New Delhi, the 13th November, 2018 G.S.R….…(E).– In exercise of the powers  conferred  by  section  247 read with section 469 of the Companies Act, 2013 (18  of  2013),  the  Central Government… Read More »

CA can appear via video-conference in Misconduct cases : MCA Notification

By | November 3, 2018

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 29th October, 2018 G.S.R. 1072(E).—In exercise of the powers conferred by clauses (c) and (d) of sub-section (2) of section 29A read with sub-section (4) of section 21 and sub-sections (2) and (4) of section 21B of the Chartered Accountants Act, 1949 (38 of 1949), the Central… Read More »

Companies to file half yearly return if MSME due exceeds 45 days : Notification

By | November 3, 2018

Companies to file half yearly return of over dues to MSME with MCA where dues exceed forty five days from the date of acceptance of the goods or services MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES NOTIFICATION New Delhi, the 2nd November, 2018 S.O. 5622(E).—In exercise of powers conferred by Section 9 of the Micro, Small… Read More »

Key Points of Companies (Amendment) Ordinance 2018

By | November 3, 2018

Key Points of Companies (Amendment) Ordinance 2018 In order to strengthen the regulatory framework, The Government published Companies amendment Ordinance 2018 for amendment to the Companies Act, 2013. The key points have been discussed hereunder: Central Govt  power to change the financial Year Currently if Companies are required to change the Financial Year, they have to… Read More »

Companies Amendment Ordinance 2018 : Download /Print

By | November 3, 2018

Companies Amendment Ordinance 2018 Companies Amendment Ordinance 2018 promulgated by President of India on 02.11.2018 to further amend the Companies Act 2013. It come into force at once The President of India has promulgated an Ordinance to further amend the Companies Act, 2013 in exercise of the powers conferred by clause (1) of article 123 of the… Read More »

ROC extended time for filing of financial statements for FY ended 31.03.2018

By | October 31, 2018

Due date for filing Financial Statements & Annual Return with RoC extended to Dec. 31, 2018 Keeping in view the requests received from various stakeholders seeking extension of time for filing of financial statements for the financial year ended 31.03.2018 on account of various factors , it has been decided to relax the additional fees… Read More »

ICAI Technical Guide on Functioning of Audit Committee & Its Review Checklist :Download

By | October 30, 2018

Technical Guide on the Functioning of Audit Committee & Its Review Checklist The Audit Committee is inter alia responsible for liaison with the management; internal and statutory auditors, reviewing the adequacy of internal controls and compliance with the significant policies, procedures and reporting to the Board on key issues. The idea of having independent directors… Read More »

Taxmann Corporate Laws-As Amended by Companies (Amdt.) Act 2017 & Insolvency & Bankruptcy Code (Second Amdt.) Act 2018 (Paperback Pocket Edition) (Set of 2 Volumes) (38th Edition, September 2018) – by Taxmann

By | October 26, 2018

Corporate Laws-As Amended by Companies (Amdt.) Act 2017 & Insolvency & Bankruptcy Code (Second Amdt.) Act 2018 (Paperback Pocket Edition) (Set of 2 Volumes) (38th Edition, September 2018) Paperback – 2018 by Taxmann (Author)  Price Rs 1155 to Buy Click here Edition : 38th Edition 2018 Date of Publication : September 2018 Binding : Paperback No. Of Pages : 2632 Weight (Kgs) : 1.565 Description… Read More »

Taxmann Companies Act with Rules (10th Edition,September 2018) -As Amended by Companies (Amdt.) Act 2017 & Insolvency & Bankruptcy Code (Second Amdt.) Act 2018 – by Taxmann

By | October 26, 2018

Companies Act with Rules-As Amended by Companies (Amdt.) Act 2017 & Insolvency & Bankruptcy Code (Second Amdt.) Act 2018 (10th Edition,September 2018) Paperback – 2018 by Taxmann (Author)  Price Rs 995 to Buy Click here Edition : 2018 Edition Date of Publication : September 2018 Binding : Paperback No. Of Pages : 1444 Weight (Kgs) : 0.86 Description With Section -wise Analysis of Companies (Amdt.)… Read More »

NFRA Can Investigate CA Misconduct w.e.f 24.10.2018 : MCA Notification

By | October 26, 2018

NFRA power to investigate CA misconduct effecive from 24.10.2018. MCA notifies the relevant provisions of sections 132 of the Companies Act, 2013 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th October, 2018 S.O. 5385(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013 (18 of 2013), the Central… Read More »

Company Resolutions, Notices, Meetings and Minutes 14th Edition 2018 by Bharat

By | October 16, 2018

Company Resolutions, Notices, Meetings and Minutes Paperback – 2018 by Notices, Meetings & Minutes (with FREE Download) Company Resolutions (Translator) Price Rs 2890 to Buy Click here Publisher: Bharat Law House Pvt. Ltd. Edition: 14th edn., 2018 Year: 2018 Pages: 1912 Availability: In Stock. Product description PART I INTRODUCTION, RESOLUTIONS, NOTICES, MEETINGS & MINUTES Chapter 1Definitions, Kind of Companies &… Read More »

Instructions Amended for Balance Sheet & Profit & Loss preparation : Schedule III

By | October 15, 2018

Amendment to instructions for preparation of Balance Sheet and Profit and Loss of a company and Ind As compliant NBFC as per Schedule III – MCA Notification Video Explanation by CA Satbir Singh GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 11th October, 2018 G.S.R. (E).—In exercise of the powers conferred by sub-section… Read More »

National Financial Reporting Authority constituted from 01.10.18 under Companies Act 2013

By | October 3, 2018

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st October, 2018 S.O. 5098(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 1st October, 2018 as the date on which the provisions of sub-sections (1) and (12) of Section… Read More »

LLP Incorporation made fully online : MCA

By | October 2, 2018

Incorporation of LLP made fully online-Milestone in Ease of Doing Business Another Milestone in the direction of “Ease of Doing Business”: Incorporation of Limited Liability Partnership (LLP) through a complete online system made a reality  Today, one can start business by incorporating a company through an on-line process without visiting any Government office. This was… Read More »

High Level Committee Constituted on Corporate Social Responsibility of Companies

By | September 28, 2018

Ministry of Corporate Affairs High Level Committee Constituted on Corporate Social Responsibility A High Level Committee on Corporate Social Responsibility – 2018 (HLC-2018) has been constituted under the Chairmanship of Shri. Injeti Srinivas, Secretary, Ministry of Corporate Affairs (MCA) to review the existing framework and guide and formulate the roadmap for a coherent policy on… Read More »

New RUN-LLP Form : Precautions to be taken by professionals and users

By | September 27, 2018

New RUN-LLP Form for Limited Liability Partnership Process Re-engineering of LLP-Incorporation related forms – Precautions to be taken by professionals and users In the wake of successfully initiating Ease of Doing Business(EoDB) reforms by introducing game changing, simplified and integrated procedures viz. SPICe (Simplified Proforma for Incorporating Company electronically), Reserve Unique Name(RUN) for starting a business… Read More »

Companies (Registered valuers and Valuation) Third Amendment Rules 2018

By | September 26, 2018

Companies (Registered valuers and Valuation) Third Amendment Rules, 2018. MCA has amended the Companies (Registered Valuers and Valuation) Rules, 2017 wherein Rule 11 which relates to ‘Transitional Arrangement ‘has been amended to extend the last date for obtaining registration certificate for persons who are rendering valuation services without a certificate of registration under the Companies… Read More »

Taxmann Company Meetings & Resolutions : September 2018 Edition

By | September 26, 2018

Company Meetings & Resolutions- A Comprehensive Commentary on Law Relating to Company Meetings with Veritable Collection of Specimen Resolutions (September 2018 Edition) Description DIVISION 1 Law Relating To Company Meetings DIVISION 2 Specimen Resolutions   Price Rs 1995 Buy online Click here A Comprehensive Commentary on Law Relating to Company Meetings with Veritable Collection of… Read More »

Secretarial Standard on Report of Board of Directors SS-4 by ICSI : Download

By | September 25, 2018

ICSI Secretarial Standard on Report of the Board of Directors SS-4 ICSI Secretarial Standard on Report of the Board of Directors SS-4. The Standard prescribes principles for making disclosures in the Report The Companies Act, 2013, requires the report of Board of Directors of every company to be attached to the financial statements to be… Read More »

CSR provisions of Companies Amendment Act 2017 w.e.f 19.09.2018

By | September 22, 2018

The Ministry of Corporate Affairs (MCA) has appointed the 19th September, 2018 as  the date on which the provision of Corporate Social responsibility of the Companies Amendment Act, 2017 shall into force. To be published in the Gazette of ‘India, Extraordinary, Part II, Section 3, Sub-section (ii)] Government of India Ministry of Corporate Affairs Notification… Read More »

RUN-LLP form introduced for Limited Liability Partnership by MCA

By | September 21, 2018

Ministry of Corporate Affairs (MCA) has notified amendment to the Limited Liability Partnership Rules, 2009 wherein process of incorporation of LLPs and reservation of their name have been amended in order to ease of doing business. Under revised norms, a new web based form ‘RUN-LLP’ has been introduced through which names of a LLP can… Read More »

Fees reduced to comply Director KYC norms to Rs. 500 till Oct 5, 2018: MCA

By | September 21, 2018

The Ministry of Corporate Affairs has amended the Companies (Registration Offices and Fees) Rules, 2014 wherein extra time has been provided to DIN holders who failed to file KYC with the MCA. Thus directors can comply with KYC norms by paying reduced fee of Rs. 500 instead of Rs. 5000 from Sep 21, 2018 to… Read More »

Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018.

By | September 21, 2018

Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018. Consequential amendment to Rule 12A for DIN3 KYC late Fee [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub Section (i)l Government of India MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 20th September,2018 G.S.R. (E).-In exercise of the powers conferred under second… Read More »

Issue & transfer of shares in dematerialised form only by all unlisted Public companies

By | September 11, 2018

Press Information Bureau Government of India Ministry of Corporate Affairs 11 SEP 2018 10:17AM by PIB Delhi MCA notifies  issue & transfer of all shares in dematerialised form only by all unlisted Public companies The Ministry of Corporate Affairs (MCA) has notified that with effect from 2nd October, 2018, issue of further shares and transfer of… Read More »

Taxmann Companies Act with Rule : 10th Edition September 2018

By | September 11, 2018

Companies Act with Rules-As Amended by Companies (Amdt.) Act 2017 & Insolvency & Bankruptcy Code (Second Amdt.) Act 2018 (10th Edition,September 2018) Paperback – 2018 by Taxmann Price Rs 1295 buy online Click here Edition : 10th Edition 2018 Date of Publication : September 2018 Binding : Paperback No. Of Pages : 1648 Weight (Kgs) : 1.76 Description Taxmann Companies Act with Rule :… Read More »

BEN-1 due date and Form to be revised shortly : MCA

By | September 11, 2018

Due date and Form No. BEN-1 to be revised. Due date of 10th September for filing BEN-1 declaration and revised BEN-1 to be notified shortly General Circular No. 08/2018 F.No.01/01/2018-CL-V GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road. New Delhi Dated: 10.09.2018 To All Regional Directors, All Registrars… Read More »

Pecuniary limit for filing an application in DRT increasesed to Rs 20 Lakh : Notification

By | September 8, 2018

The Central Govt. has raised the pecuniary limit from 10 lakh rupees to 20 lakh rupees for filing application for recovery of debts in the Debt Recovery Tribunals by banks and financial institution. MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 6th September, 2018 S.O. 4312(E).—Whereas, sub-section (4) of section 1 of… Read More »

Taxmann Company Law Manual : 10th Edition September 2018 : Compendium of Companies Act 2013 along with Relevant Rules

By | September 7, 2018

Company Law Manual – A Compendium of Companies Act 2013 along with Relevant Rules (10th Edition,September 2018) Price Rs 2200 Buy online Click here Edition : 10th Edition 2018 Date of Publication : September 2018 ISBN No.:9789388266222 Binding : Paperback No. Of Pages : 1844 Weight (Kgs) : 1.995 Description of Taxmann Company Law Manual : 10th Edition September 2018 :… Read More »

Old Bank Notes disclosure not required in Audit report of FY 2017-18 & onwards

By | September 3, 2018

Regarding Clarification on Applicability of Notifications no. G.S.R. 307(E) and G.S.R. 308(E) dated 30th March 2017 issued by Ministry of Corporate Affairs for the financial year ending on 31st March, 2018 This is regarding the disclosure for the Financial Year 2017-2018 and onwards as per the requirements in the Notification dated 30th March 2017 issued… Read More »

MCA to Amend Cost Audit Report for reporting GST Reconciliation

By | August 7, 2018

MCA to Amend Cost Audit Report for reporting GST Reconciliation The Ministry of Corporate Affairs has proposed amendment to the Companies (Cost Records and Audit) Rules, 2014 to bring a new reporting requirement of Statement of Reconciliation of GST in the Cost Audit Report. Download Draft  Companies (cost records and audit) Amendment Rules, 2018. Click… Read More »

Revised ADT-1 from 03.08.2018 : Download : Auditor Appointment information

By | August 6, 2018

ADT-1 Form ADT-1 is likely to be revised on MCA21 Company Forms Download page w.e.f 3rd AUG, 2018. Stakeholders are advised to check the latest version before filing. Information to the Registrar by Company for appointment of Auditor Download Revised ADT-1 from 03.08.2018 Information to the Registrar by Company for appointment of Auditor Form ADT-1 [zip]… Read More »

FAQs On DIR 3 KYC

By | August 4, 2018

FAQs On DIR 3 KYC DIR 3 KYC : Download : KYC of Directors Form DIR3-KYC is likely to be revised on MCA21 Company Forms Download page w.e.f 4th AUG 2018. Stakeholders are advised to check the latest version before filing. 1 Who is required to file DIR-3 KYC form? For Financial year 2018-19 – Any… Read More »

2.25 Lakh companies under scanner of MCA for not filing returns For 2015-16 and 2016-17

By | August 4, 2018

Ministry of Corporate Affairs 2,25,910 companies under scanner of MCA for not filing returns for Year 2015-16 & 2016-17 Posted On: 03 AUG 2018 4:54PM by PIB Delhi Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary said in Lok Sabha today that during financial year 2018-19, a total of 2,25,910… Read More »

DIR-6 Changes w.e.f 26.07.2018

By | July 26, 2018

DIR-6 DIR 6 is for Intimation of change in particulars of Director to be given to the Central Government Updating of Email ID and Mobile number in DIR-6 has been temporarily disabled till further notice. Stakeholders may kindly take note. Form DIR6 is likely to be revised on MCA21 Company Forms Download page w.e.f 26th… Read More »

Guide to Company Directors : Book May 2018 by L V V Iyer 

By | July 19, 2018

Guide to Company Directors: Powers, Rights, Duties, Liabilities, Corporate Social Responsibilities and Company Precedents by L V V Iyer (Author), Arun Visweswaran (Editor) Key Highlights of Guide to Company Directors This edition incorporates the key developments of the Companies Act, 2018 and the Companies (Amendment) Act 2017 while retaining its focus on the best principles of corporate governance This work… Read More »

New MGT-7 Form : Download /Print

By | July 17, 2018

MGT-7 Form version Changed Please be noted that MGT-7 Form version is being changed MGT-7 is available on MCA21 Company Forms Download page for filing purposes. Click here to download   Form for filing annual return by a company. Form MGT-7 [zip] (982 KB) (e-Form with Instruction kit) Form MGT-7 [zip] (531 KB) e-Form 20-July-2018 (Form Version… Read More »

DIR 3 KYC : Download : KYC of Directors : Revised

By | July 16, 2018

DIR 3 KYC DIR 3 KYC is Application for KYC of Directors .DIR 3 KYC is available on MCA21 Company Forms Download page for filing purposes. How to Download DIR 3 KYC Application for KYC of Directors Form DIR-3 KYC [zip] (806 KB) Form DIR-3 KYC [zip] (226 KB) 04-August-2018 what is E-Form DIR 3- KYC Ministry… Read More »

How to cancel SRN on MCA21

By | July 8, 2018

How to cancel SRN When should I cancel SRN? You can cancel your SRN if following two conditions are met: 1. In case payment of the uploaded eform was unsuccessful for technical reason and no option is available for making such payment again, then cancel your G and E series SRN. 2. If your account… Read More »