MCA Notification issuing Companies (Restriction on number of layers) Rules, 2017:
MCA vide notification no. G.S.R. 1176(E) dt. 20.09.2017; notified the Companies (Restriction on number of layers) Rules, 2017 which has prescribed rules relating to Restriction on number of layers for certain classes of holding companies. The said rules are available on following link:MCA Not.dt.20.9.17_G.S.R. 1176(E)_Restriction on No.ofLayersRule,17
MCA Notification No. S.O. 3086(E) dt. 20.09.2017 intimating enforcement of clause (87) of section 2 of Companies Act, 2013:
Vide MCA notification No. S.O. 3086(E) dt. 20.09.2017.; Central Government has enforced clause (87) of Section 2 of the Companies Act, 2013 w.e.f. September 20, 2017. Aforementioned notification can be viewed on following link:MCA Not.dt.20.9.17_S.O. 3086(E)_Sec2(87)_Enforced
MCA Notification No. S.O. 3085(E) dt. 20.09.2017 intimating change in the National Advisory Committee on Accounting Standards:
Vide notification no. S.O. 3085(E) dt. 20.09.2017; Central Government has made following changes in the Constitution of National Advisory Committee on Accounting Standards which was constituted vide notification of the Government of India, in the Ministry of Corporate Affairs, number S.O. 3118(E), dated the 3rd October, 2016: Shri Sanjay Gupta, President of Institute of Cost […]
MCA Notification No. G.S.R. 1172(E) dt. 19.09.2017 notified the Companies (Acceptance of Deposits) Second Amendment Rules, 2017:
MCA vide notification no. G.S.R. 1172(E) dt. 19.09.2017; notified the Companies (Acceptance of Deposits) Second Amendment Rules, 2017, which inter alia made following amendments: The proviso in sub-rule (3) of rule 3 of Companies (Acceptance of Deposits) Rules, 2014 is substituted with new proviso to include IFSC Public companies in the said proviso. Further; maximum […]
MCA notice dt. 06.09.2017 Revision of e-forms on MCA21:
MCA vide notice on Wednesday, 6th September, 2017 stated that e-Forms DIR-12, DIR-6 and INC-24 will be revised w.e.f. 8th September, 2017. The same shall be available on MCA21 Company Forms Download page. It is advised to download the latest version before filing.
MCA notice dt. 6th September, 2017 for persons disqualified under section 164(2) of the Companies Act, 2013:
MCA vide its notice dt. 6th September, 2017 directed to the persons disqualified under section 164(2) of the Companies Act, 2013 not to act as director during the period of the disqualification and not to file any document or application with MCA as the same shall be summarily rejected. However, the same shall be without prejudice to the […]
MCA General Circular No. 9/2017 dt. 5th September, 2017 clarification on exemption to certain unlisted public Companies from appointment of Independent Directors:
MCA, vide notification number G.S.R. 839(E) dated 5th July, 2017 issued the Companies (Appointment and Qualification of Directors) Amendment Rules, 2017 inter-alia amending rule 4. The said amended Rule 4 inter-alia provides that an unlisted public company which is a joint venture, a wholly owned subsidiary or a dormant company will not be required to […]
MCA notification No. S.O. 2872(E) dated August 31, 2017 – Designation of Court of Additional District and Sessions Judge, Patna, as special court:
MCA vide its notification No. S.O. 2872(E) dated August 31, 2017 stated that in exercise of the Powers conferred by sub-section (1) of section 435 of the Companies Act, 2013 on the Central Government, with the concurrence of the Chief Justice of the High Court of Judicature at Patna; has designated the Court of Additional […]
DIPP Issued Consolidated FDI Policy Circular of 2017:
Department of Industrial Policy & Promotion has issued Consolidated FDI Policy Circular of 2017. The same shall be effective from August 28, 2017. The said Circular can be viewed on following link:DIPP_FDI Policy_2017
ICSI issued Revised Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2):
ICSI has issued revised Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2). The revised SS-1 and SS-2 shall be applicable to all the companies (except the exempted class of companies) w.e.f. 1st October, 2017 and accordingly all Board Meetings (including meetings of committees of Board) and General Meetings in […]