MCA Notification dt. 14.07.2016 notified Companies (Cost Records and Audit) Amendment Rules, 2016:
MCA vide Notification No. G.S.R….(E) on Thursday, 14th July, 2016, has notified the Companies (Cost Records and Audit) Amendment Rules, 2016 by which existing rule (2), (3), (4) and (6) has been amended and has made changes in ‘Applicability of Cost Records’ to various Industry/Sector/Product/Services, which shall came into effect from the date of its […]
SEBI INSERTED NEW LISTING REGULATION 43A IN LODR MANDATING FORMULATION OF DIVIDEND DISTRIBUTION POLICY:
Securities and Exchange Board of India (SEBI), has notified SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2016 vide Notification No. SEBI/LAD-NRO/GN/2016-17/008 dated 08/07/2016, published in the Official Gazette on 17.06.2016, which has inserted ‘Regulation 43A- Dividend Distribution Policy’ after Regulation 43. Key Highlights of the Regulation 43A are as under: Initial Applicability: Top 500 […]
MCA Notice dt. 11.07.2016 revising various e-forms on MCA21:
MCA vide notice dt. 11th July, 2016 stated that eForm AOC-04 for filing Annual Financial Statement is likely to be amended w.r.t filing of CSR expenditure details. The revised AOC-04 eForm is likely to be available on MCA portal by 3rd week of Jul-2016. Stakeholders are requested to note that filing CSR details are mandatory. […]
SECURITIES AND EXCHANGE BOARD OF INDIA CIRCULAR DT. 05.07.2016 – REVISED FORMATS FOR FINANCIAL RESULTS AND IMPLEMENTATION OF IND-AS BY LISTED ENTITIES
Securities and Exchange Board of India (SEBI) vide its Circular no.CIR/CFD/FAC/62/2016 dated July 05, 2016 Revised Formats for Financial Results and issued directions relating to Implementation of Ind-AS by Listed Entities. The said Circular is available at the following link: SEBI circular dt. 05.07.2016 revised format for financial results
MCA Notification Dt. 30.06.2016 Notified the Companies (Appointment & Remuneration of Managerial Personnel) Amendment Rules 2016.
MCA vide Notification No. G.S.R.___ on 30.06.2016, has amended the Companies (A Appointment & Remuneration of Managerial Personnel) Amendment Rules, 2016 and shall came into effect from the date of its publication in Official Gazette. Highlights of the notification are: Return of Appointment i.e. Form MR-1 not required to be filed for CEO, CS, CFO. […]
MCA issued Companies (Removal of Difficulties) Third Order 2016 on 30.06.2016 in Respect of Section 139
MCA has issued Removal of Difficulties Third Order 2016 on 30.06.2016 to remove difficulty in complying with provision relating to rotation of Auditors within specified time limit. The third Proviso of Section 139 (2) is modified and the time period to comply with provisions relating to rotational change; instead of 3 years from the date […]
MCA Notification dt. 29.06.2016 NOTIFIED THE COMPANIES (ACCEPTANCE OF DEPOSITS) AMENDMENT RULES, 2016
MCA vide Notification No. G.S.R.___(E) on 29.06.2016, has amended the Companies (Acceptance Of Deposits) Amendment Rules, 2016 and shall came into effect from the date of its publication in Official Gazette. The said notification can be accessed at the following link:Cos. Acceptance of Deposits Amendment Rules_30062016
CRITERIA FOR LISTING MATTERS BEFORE NATIONAL COMPANY LAW TRIBUNAL:
The National Company Law Tribunal (NCLT) vide Order no. 25/1/2016 dt. 29.06.2016 has laid down criteria for listing matters before NCLT, Principal Bench and NCLT, New Delhi Bench. Further existing and new matters w.e.f. 01.07.2016 will be listed before the respective benches, stated in the said order, located at Block -3, 6th -7th Floor, CGO […]
DEPARTMENT OF INDUSTRIAL POLICY & PROMOTION PRESS NOTE NO. 5 (2016) DT. 24.06.2016 – REVISION IN FDI POLICY ON VARIOUS SECTORS:
Department of Industrial Policy & Promotion, Ministry of Commerce and Industry (DIPP), on 24th June, 2016, has vide press note no. 5 (2016 series) liberalized the extant FDI Policy for various sectors / activities as more specifically given in the said press note appended at following link: DIPP PRESS NOTE NO.5_2016
FAQs on Name Reservation and Company Incorporation
MCA has come up with FAQs on Name Reservation and Company Incorporation. Detailed FAQs can be viewed on Ministry’s Website www.mca.gov