The Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2016
MCA vide Notification No. G.S.R. ___ (E) on Monday, the 4th April, 2016 has came out with, The Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2016. in rule 3, of the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules,2015 – 3. Filing of financial statement with Registrar:- The […]
Clarification regarding applicability of Indian Accounting Standards to disclosures in offer documents under SEBI (ICDR) Regulations, 2009
SEBI vide Circular No. SEBI/HO/CFD/DIL/CIR/P/2016/47 dated 31/03/2016 has clarified the applicability of Indian Accounting Standards to disclosures in offer documents under SEBI (ICDR) Regulations, 2009 This circular is applicable for all the companies which are required to disclose the financial information in accordance with Ind AS as per MCA roadmap and whose offer document is filed with the Board on or after […]
Companies (Indian Accounting Standards) (Amendment) Rules, 2016
MCA on Wednesday, the 30th March, 2016, has came out with the Companies (Indian Accounting Standards) (Amendment) Rules, 2016. The Central Government, in consultation with National Advisory Committee on Accounting Standards has amended the Companies (Indian Accounting Standards) Rules, 2015. The Companies (Accounting Standards) (Amendment) Rules, 2016 can be accessed at the following link: The Companies […]
Companies (Accounting Standards) (Amendment) Rules, 2016
MCA on Wednesday, the 30th March, 2016, came out with the Companies (Accounting Standards) (Amendment) Rules, 20l6. The Central Government, in consultation with National Advisory Committee on Accounting Standards has amended the Companies (Accounting Standards) Rules,2006 as under: In the principle rules, in rule 4, in sub-rule (2), the words “General purpose” shall be omitted. […]
Companies Removal of Difficulties Second order, 2016
MCA vide order no. S.O._ (E) on Tuesday, the 29th March, 2016, has came out with Companies Removal of Difficulties Second order, 2016, in section 133, the following proviso shall be inserted, namely:- “Provided that until the National Financial Reporting Authority is constituted under section 132 of the Companies Act, 2013 (18 of 2013), the […]
Companies Removal of Difficulties First order, 2016
MCA vide order no. S.O._ (E) on Tuesday, the 29th March, 2016, has came out with Companies Removal of Difficulties First order, 2016, in section 143, in sub section (ii), the following proviso shall be inserted, namely:- “Provided that until the National Financial Reporting Authority is constituted under section 132, the Central Government may hold […]
Companies (Auditor’s Report) Order, 2Ol6
MCA on Sunday, the 27th March, 2016, came out with the Companies (Auditor’s Report) Order, 2016. The said order becomes applicable to the Financial Years commencing on or after 1st April, 2015. The Order shall not apply to the Auditors’ Report on Consolidated Financial Statements: It shall apply to every company including a Foreign Company […]
Review of Foreign Direct Investment Policy (FDI) on Pension Sector
Ministry of Commerce and Industry (DIPP), on 23rd March, 2016 vide press note no. 2 (2016 series) has liberalized in Foreign Direct Investment Policy (FDI) on Pension sector. Accordingly, paragraph 6.2.18.7 bis. of ‘ Consolidated FDI Policy Circular 2015’, effective from 12.05.2015. The said press note appended at the following link: FDI Press Note 2_2016
Review of Foreign Direct Investment Policy (FDI) on Insurance sector
Ministry of Commerce and Industry (DIPP), on 23rd March, 2016 vide press note no. 1 (2016 series) has liberalized in Foreign Direct Investment Policy (FDI) on Insurance sector. Accordingly, paragraph 6.2.18.7 of ‘ Consolidated FDI Policy Circular 2015’, effective from 12.05.2015. The said press note appended at the following link: FDI Press Note 1_2016
Change in Version of certain E-forms
Change in the version of certain E-forms have been revised on MCA portal w.e.f. 27.03.2016. MCA has advised its Stakeholders to download the latest version of forms from ‘Company Forms Download’ page on the MCA portal. The previous version of Company e-forms will not be compatible with the new MCA21 portal. The said notice shall […]