Clarification on repayment of deposits accepted by companies before the commencement of Companies Act, 2013 under Section 74 of the said Act.
MCA on Saturday vide General Circular No. 9/2015 dated 18th June, 2015; with regards to the representations received by it, clarified the following: Stakeholders asked clarity regarding processing of the deposits related complaints received from investors under section 74 of the Companies Act, 2013 (the said Act) in respect of defaults made by companies in repayment of […]
MCA issued Gazetted Copies of Exemption Notifications
MCA on Saturday the 20th June, 2015, issued the Gazetted copies of Notifications exempting various provisions of the Companies Act, 2013 to Private Companies, Government Companies, Section 8 Companies & Nidhis as were issued by it earlier this month. The said Gazetted Copies can be accessed at the links given below: Notification No. 464(E) dated […]
SEBI issues Circular stating Requirements under the SEBI (Share Based Employee Benefits) Regulations, 2014
SEBI on Tuesday, 16th June, 2015 issued a Circular stating the Requirments as required under SEBI (Share Based Employee Benefit) Regulations, 2014. The said regulations were notified by SEBI on 28th October, 2014. The said Circular can be accessed at the following link: SEBI Circular No. CIR/CFD/POLICY CELL/2/2015 dated 16th June, 2015
E-IPO Norms by the end of this month: SEBI
SEBI is likely to come out with detailed guidelines on electronic initial public offers (e-IPOs), where investors can bid for shares via internet by the end of this month. SEBI board is to consider the final norms on e-IPOs that are finalized on the basis of suggestions received from various stakeholders on the draft placed […]
SEBI’s clairficatory circular on grant of registration to FVCI as FPI.
SEBI on Friday, 12th June, 2015 issued a clarificatory circular on registration of Foreign Venture Capital Investors (FVCI) as Foreign Portfolio Investors (FPI), as clarity on the same was sought by Designated Depository Participants (DDP). SEBI clarified that as per the SEBI (Foreign Portfolio Investors) Regulations, 2014 & SEBI (Foreign Venture Capital Investors) Regulations, 2000 […]
Extension of Time for filing Form CRA 2 & CRA 4
MCA vide General Circular No. 08/2015 dated 12th June, 2015, extended the time for filing of Form CRA 2 & CRA 4 without additional fees, as there was delay in availability of the e-versions of the same. Form CRA2 : Form of intimation of appointment of Cost Auditor by the Company to Central Government, is to be […]
Amendment to Companies (Cost Record & Audit) Rules, 2014
MCA vide Notification dated 12th June, 2015 amended the Cost Record and Audit Rules, wherein the formats of the following Forms have been revised: Forms CRA 2: Form for Intimation of Appointment of Cost Auditor by the Company to Central Government Form CRA 4: Form for filing Cost Audit Report with the Central Government. The […]
Change in version of e-forms by MCA.
MCA has informed the Stakeholders that the versions of e-forms CRA 2, PAS 3 & MGT 15 are likely to be modified w.e.f 13.06.2015.
BSE launches XBRL solution for online filing of Shareholding pattern
Under Clause 35 of the Equity Listing Agreement & Clause 37 of the SME Listing Agreement, listed companies are required to file their Shareholding Pattern with the Stock Exchanges on Quarterly Basis. Hence, in order to ensure accurate & efficient filing by Listed Companies, BSE on 11th June, 2015, launched the XBRL solutions for filing these […]
Gist of the Exemptions granted to Private Companies.
MCA on 5th June, 2015 issued a Notification exempting Private Companies from various provisions of the Companies Act, 2013. The Gazette Copy of the said notification is yet to be published. To access the gist of these exemptions and their impact click on the link below: Gist of Exemptions to Private Companies