PRESS INFORMATION BUREAU: Radical changes in FDI policy regime; most sectors on automatic route for FDI:
With the objective of providing major impetus to employment and job creation in India, The Union Government has radically liberalized the FDI regime. Accordingly the Government has decided to introduce a number of amendments in the FDI Policy. Changes introduced in the policy include increase in sectoral caps, bringing more activities under automatic route and […]
Availability of Form 23AC, 3ACA, 23B, 20B, 21A on MCA
Ministry of Corporate Affairs is likely to make available the Annual Filing Forms for Companies Act, 1956, i.e. 23AC, 3ACA, 23B, 20B, 21A on MCA21 portal by mid August 2016.
Regarding complaint with MCA21 Helpdesk
Ministry of Corporate Affairs has introduced a new category “CRC” for registering complaint with MCA21 Helpdesk, w.e.f. June 21, 2016. The said category is to be selected while creating any new service complaint (Helpdesk Ticket) for Name Reservation or Company Incorporation related problems.
Transfer of matters or proceedings or cases pending before the Company Law Board to National Company Law Tribunal:
MCA vide notification no. S.O. ______(E) dated 01.06.2016in exercise of the powers conferred by section 434 (1) (a) of the Companies Act, 2013,the Central Government appointed 01.06.2016, on which all matters or proceedings pending before Company Law Board shall stand transfer to National Company Law Tribunal. The said notification can be accessed at the following […]
Constitution of National Company Law Tribunal Benches:
MCA vide notification no. S.O. 1935(E) dated 01.06.2016, in exercise of the powers conferred by sub-section (1) of section 419 of the Companies Act, 2013, has constituted the Benches of the National Company Law Tribunal in different locations to exercise the jurisdiction over the area stated in said notification. The said notification can be accessed at the following […]
Notification of various provisions pertaining to NCLT
MCA vide notification no.S.O. 1934(E) dated 01.06.2016 has notified various provisions of the Companies Act, 2013 pertaining to NCLT and shall come into force w.e.f. 01.06.2016. The said notification can be accessed at the following link: MCA notficnt 1934E & 1935E dt 01.06.2016 commencement of sections & constitutino of NCLT benches
Constitution of National Company Law Appellate Tribunal (NCLAT):
MCA vide notification no. S.O.1933(E) Dated 01.06.2016 in exercise of the powers conferred by section 410 of the Companies Act, 2013, the Central Government constituted the National Company Law Appellate Tribunal for hearing appeals against the orders of the National Company Law Tribunal w.e.f. 01.06.2016. The said notification can be accessed at the following link: MCA Notfictn 1932E […]
Constitution of National Company Law Tribunal (NCLT):
MCA vide notification no. S.O.1932(E) Dated 01.06.2016 in exercise of the powers conferred by section 408 of the Companies Act, 2013, the Central Government constituted the National Company Law Tribunal to exercise and discharge the powers and functions as are, or may be, conferred on it by or under the said Act w.e.f. 01.06.2016. The said notification […]
Relaxation of additional fees and extension of time for filing of various e-forms under the Companies Act and Filing Annual Return by LLPs
In continuation to Circular No. 03/2016 dt. 12.04.2016 and General Circular No.06/2016 dt. 16.05.2016, MCA vide Circular No. 07/2016 on Tuesday, the 31st May, 2016, has decided to extend the period for relaxation of additional fee payable on e-forms which are due for filing by Companies between 25/03/2016 upto 30/06/2016 and also extend the last […]
SEBI Circular on Disclosure of the Impact of Audit Qualifications by the Listed Entities
Securities and Exchange Board of India (SEBI), vide Circular No. CIR/CFD/CMD/56/2016 dated 27/05/2016, has put in place a mechanism to review the audit qualifications contained in the audit reports of the listed entities, in continuation of its Notification No. SEBI/ LAD-NRO/GN/2016-17/001, dated 25/05/2016; To make the listed entities disseminate the cumulative impact of all the audit […]