As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new e-form viz. DIR-3 KYC to be notified and deployed shortly. Accordingly, every Director who has been allotted DIN on or before 31st March, 2018 and whose DIN is in ‘Approved’ status,  would be mandatorily required to file […]

MCA vide Corrigendum on Thursday, June 21, 2018 made correction to the Commencement Notification  of Companies Amendment Act, 2017  dated 13.06.2018, wherein in the table For “Section 22” read as “Clause (iii) of Section 21 and Section 22”.Thus as per this Corrigendum, Clause (iii) of Section 21 shall come into force along with Section 22 […]

MCA vide Notification No. G.S.R.__(E) on Monday, 18th June, 2018  has issued Companies (Accounting Standards) Amendment Rules, 2018 in Consultation with National Advisory Committee  on Accounting Standards to amend the Companies (Accounting Standards) Rules, 2006 wherein, in the ‘ANNEXURE’ under the heading “ACCOUNTING STANDARDS” under “Accounting Standards (AS) 11”, paragraph 32  shall be substituted. The […]

MCA vide Notification No.G.S.R.__(E) on Wednesday, 13th June, 2018 has notified the Companies (Management and Administration) Second Amendment Rules, 2018 to amend the Companies (Management and Administration) Rules, 2014 wherein: rule 13 shall be omitted; in rule 15, the sub-rule(6), shall be omitted; in rule 18, in sub-rule (3), Explanation after clause (ix), shall be […]

MCA vide Notification No.G.S.R.__(E) on Wednesday, 13th June, 2018 notified the Companies (Significant Beneficial Owners) Rules,2018. This Rules contains the following sub-rules: Short title and commencement. Declaration of significant beneficial ownership in shares under section 90.(to be filed in Form No. BEN-1) Return of significant beneficial owners in shares(to be filed in Form No. BEN-2 […]

MCA vide Notification No. S.O. __(E) on Wednesday, 13th June, 2018 have appointed 13th June, 2018 as the date on which the provisions of the following sections of the Companies (Amendment) Act, 2017 shall come into force: Sr. No Section of Companies (Amendment) Act, 2017 Section of Companies Act, 2013 Section pertains to 1. Section 22 Section […]

MCA Vide Notification No. G.S.R. 557(E) on Tuesday, 12th June, 2018 has issued Limited Liability Partnership (Amendment) Rules, 2018 to amend the Limited Liability Partnership Rules, 2009 wherein; in Rule 10;- Sub-rule (1) shall be substituted and; In sub-rule (4), clause (i), shall be substituted.

MCA vide Notification No. G.S.R-__(E) on Tuesday, 12th June, 2018 issued Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2018 to amend the Companies (Appointment and Qualification of Directors) Rules, 2014 wherein, Form DIR-3 and Form DIR-6 shall be substituted. The said Notification can be accessed from the following link: MCANotf.dt 12.6.18_Co(App Qualifitn of Dir)3rd […]

MCA vide Notification No. G.S.R. 431(E) on Monday 7th May, 2018 notified the Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2018 to amend the Companies (Appointment and Qualification of Directors) Rules,2014 (hereinafter referred to as the principal rules), wherein rule 5 shall be numbered as sub-rule (1) thereof, and after subrule (1) as […]

MCA vide General Circular no.06/2018 on Monday 28th May, 2018 provided clarification with regard to provisions under section 135(5) of the Companies Act,2013; wherein concerns have been raised by the stakeholders regarding non-compliance of proviso to sub-section(5) of Section 135 of the Companies Act, 2013 which lays down that the company shall give preference to […]