DIPP came out with clarification on FDI Policy on Single Brand Retail Trading
Department of Industrial Policy & Promotion today issued a Circular giving clarification on FDI Policy on Single Brand Retail Trading of its Consolidated Policy Circular 2015. The issues clarified are as under: Can the brand owner or non-resident entity/entities undertake single brand retail trading of the specific brand through more than one company in India? […]
Change in version of e-forms by MCA
MCA has informed the Stakeholders that the versions of e-forms DPT-3, 4LLP, CRA-2, MSC-3 & FC-1 are likely to be modified w.e.f 07.07.2015.
RBI issues various Master Circular
RBI on 1st July, 2015 came out with various Master Circular governing the currency of India, some of the most improtant ones are as follows: Master Circular of Foreign Direct Investment In India. Master Circular on Direct Investment by Residents in Joint Ventures & Wholly Owned Subsidiaries. Master Circular on External Commercial Borrowing & Trade Credits […]
Secretarial Standards effective from today, i.e. 1st July, 2015
The 2 Secretarial Standards, SS1: Secretarial Standards on the Meetings of the Board & SS2: Secretarial Standards on General Meeting as were issued by the Institute of Company Secretaries of India (ICSI) which were notified in the Official Gazette of India on 23rd April, 2015 are to be effective from Today on-wards i.e 1st July, […]
ICSI extends date for payment of its Annual Membership Fees & Licentiate Fees
All the Fellow and Associate Members, Members holding Certificate of Practice & Annual Licentiate Fees of the Institute of Company Secretaries of India are required to pay annual membership fees on or before 30th June every year, which are as under: Annual Associate Membership fee Rs.1125/- Annual Fellow Membership fee Rs.1500/- Annual Certificate of Practice […]
Review of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism
SEBI has been taking steps to encourage retail investors to participate in the Offer For Sale (OFS). In order to enhance more retail participation in the OFS process and to simplify the bidding process for retail investors, it has been decided that: OFS notice shall continue to be given latest by 5 pm on T-2 […]
ICSI Clarifies the scope of the Secretarial Standards
ICSI on Friday, 26th June, 2015 issued a clarification stating with regards to the scope of the Secretarial Standards as a consequence of the Exemption Notifications issued by MCA, granting Private Companies, Section 8 Companies, Government Companies & Nidhi’s from certain provisions of the Companies Act, 2013. In the said Announcement it clarified that the […]
Change in version of e-forms by MCA.
MCA has informed the Stakeholders that the versions of e-forms INC 4, INC 1, INC 29 & 4LLP are likely to be modified w.e.f 24.06.2015.
MCA to notify rules for flagging corporate frauds by this month end.
In order to avoid Satyam like accounting scams, MCA is likely to notify the rules & thresholds for flagging corporate frauds by the end of this month, on the lines of the suggestions received by it from the Institute of Chartered Accountants of India (ICAI). Auditors shall now be required to alarm the Government & […]
Portal for Comments / Suggestions to Companies Law Committee.
MCA set up a Companies Law Committee to make recommendations on issues arising from the implementation of the Companies Act, 2013. The said committee invites comments/suggestions to assist its deliberations. The said Suggestions/ comments can be sent only through the Ministry of Corporate Affairs’ online portal http://feedapp.mca.gov.in/ in the prescribed format available on the website. The last […]