MCA Clarification with regard to provisions of Corporate Social Responsibility under section 135 of the Companies Act, 2013.
MCA vide Circular No.05/2016 on Monday, 16th May 2016, has clarified in continuation it’s Circular No. 01/2016 that Companies while taking Corporate Social Responsibility activities under provision of the Companies Act, 2013, shall not contravene any other prevailing laws of the land including Cigarettes and Other Tobacco Products Act (COTPA), 2003. The said circular can […]
Relaxation of additional fees and extension of last date of filing of various e-forms under the Companies Act – reg.
In continuation to Circular No. 03/2016 dt. 12/04/2016, MCA vide Circular No. 06/2016 on Monday, the 16th 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 31/05/2016 and last date for filing such documents without additional filing fees […]
The Companies (Registration Offices and Fees) Amendment Rules, 2016
MCA vide Notification No. G.S.R. ____ (E)., dated 6th May, 2016, has came out with the Companies (Registration Offices and Fees) Amendment Rules, 2016, by which Form No. GNL-1 and GNL-4 have been substituted with the new Forms as provided in these Amendment Rules. Forms GNL-1 and GNL-4 are likely to be available on MCA21 Company Forms Page […]
Revision in Foreign Direct Investment Policy (FDI) for Asset Reconstruction Companies
Department of Industrial Policy & Promotion, Ministry of Commerce and Industry (DIPP), on 6th May, 2016, has vide press note no. 4 (2016 series) liberalized the extant FDI Policy on ‘Asset Reconstruction Company‘(ARC) by amending the paragraph 6.2.18.1 of ‘Consolidated Foreign Direct Investment (“FDI”) Policy w.e.f. 12th May, 2015. Amendment in paragraph 6.2.18.1 for ‘Asset Reconstruction […]
Procedure to deal with cases prior to April 01, 2014 involving offer / allotment of securities to more than 49 and up to 200 investors in a financial year
Securities and Exchange Board of India (SEBI), vide Circular No. CFD/DIL3/CIR/P/2016/53 dated 03/05/2016, has conveyed its decision that the certification required from an Independent Peer Reviewed Practicing Chartered Accountant as per the Circular No. SEBI_Circular No. CIR-CFD-DIL3-18-2015_31.12.2015 may now also be obtained from an Independent Peer Reviewed Practicing Company Secretary. The said Circular is available at the […]
Revised Formats under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Securities and Exchange Board of India (SEBI), vide Circular No. SEBI/HO/CFD/DCR1/CIR/P/2016/52 dated 02/05/2016 has revised formats under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Under Chapter V of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, disclosure requirements have been prescribed upon happening of certain changes in Shareholding, like in respect of acquisition made […]
Delegation by Central Government of its powers and functions under section 458 (1) of the companies Act, 2013
MCA vide Notification No. S. O. (E) __ on Friday, the 29th April, 2016, has delegated power of Central Government under Section 206 (5) of the appointment of inspector to Regional Director. The said Notification can be accessed at the following link: Notification No. S. O. __ (E)_29.04.16
Clarification with regard to Companies (Accounting Standards) Amendment Rules 2016
MCA vide General Circular No. 4/20106 on Wednesday, the 27th April, 2016, has clarified with regard to the preparation of accounts using the Companies (Accounting Standards) Amendment Rules, 2016, it is applicable for the accounting periods commencing on or after the date of notification. The said General circular can be accessed at the following link: General Circular No. 04_2016 […]
ICAI Guidance Note on the Companies (Auditor’s Report) Order, 2016
The Institute of Chartered Accountant of India (ICAI) on 23rd April, 2016 has posted on its website, Guidance Note on the Companies (Auditor’s Report) Order, 2016, issued by Auditing and Assurance Standards Board. The same can be accessed at the following link: ICAI_Guidance Note on the Companies Auditors’ Report Order, 2016
Relaxation of additional fees and extension of last date of filing of various e-forms under the Companies Act – reg.
MCA vide Circular No. 03/2016 on Tuesday, the 12th April, 2016, has been decided to relax the additional fee payable on e-forms which are due for filing by Companies between 25/04/2016 to 30/04/2016 as one time waiver of additional fee and it has also clarified to stakeholders that if such due e-forms are filed after […]