MCA ROC

MCA for extension of time period for filing of financial statements

MCA Extension of time period for filing of financial statements for the FY ended 31.03.2022 without levying additional fee

ICSI Request MCA for extension of time period for filing of financial statements THE INSTITUTE OF Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) October 21, 2022 MCA: 2022 Shri Tarun Bajaj, IAS Secretary Ministry of Corporate Affairs, Department …

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Amendment in Section 403 of the Companies Act, 2013 and notification of Companies (Registration Offices and Fees) Amendment Rules, 2022 w.e.f. 01st July, 2022

Amendment in Section 403 of the Companies Act, 2013 and notification of Companies Amendment Rules, 2022 w.e.f. 01st July, 2022

Amendment in Section 403 of the Companies Act, 2013 and notification of Companies (Registration Offices and Fees) Amendment Rules, 2022 w.e.f. 01st July, 2022 This is to inform you that the Central Government has appointed the 01st July, 2022 as the date on which the following provisions of the Companies (Amendment) Act shall come into …

Amendment in Section 403 of the Companies Act, 2013 and notification of Companies Amendment Rules, 2022 w.e.f. 01st July, 2022 Read More »

LLP Form 8 Due Date Extended

LLP Form 8 Due Date Extended

Ministry of Corporate Affairs (MCA) vide General Circular No. 16/2021 dated 26.10.2021 has issued notification / circular and provided Relaxations in paying additional fees in case of delay in filing Form 8 (the Statement of Account and Solvency) by Limited Liability Partnerships upto 30th December, 2021. Notification text: This Ministry has received a representation seeking …

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Govt ‘not willing to interfere’ in affairs of NFRA and ICAI

Breaking- It is Not Within the Purview of NFRA to Recommend that Audit of Certain Categories of Companies is Not Required: ICAI President

In today’s message to members of ICAI, ICAI President has said that as per Companies Act 2013 and NFRA Rules, it is not within the purview of NFRA to recommend that audit of certain categories of companies is not required. He further stated that we are not communicated of any such thought process in the …

Breaking- It is Not Within the Purview of NFRA to Recommend that Audit of Certain Categories of Companies is Not Required: ICAI President Read More »

Vacancy At National Financial Reporting Authority (NFRA) https://www.livelaw.in/job-updates/legal-jobs-managerassistant-manager-vacancy-at-national-financial-reporting-authority-nfra-187092

Breaking: NFRA Issues Consultation Paper for Removing Compulsory Audit of Micro, Small & Medium Companies (MSMCs)

A preliminary analysis has been done by National Financial Reporting Authority (NFRA) on the key financial parameters of the companies registered in India from their MCA-21 filings and it is found that the fees paid to auditors by a large majority of Micro, Small and Medium Companies (MSMCs) are way below what an audit, when …

Breaking: NFRA Issues Consultation Paper for Removing Compulsory Audit of Micro, Small & Medium Companies (MSMCs) Read More »

The LLP (Amendment) Act, 2021

MCA Provides Relaxation to specified practicing CA, CMA and CS w.r.t conducting online Test for Independent Director

MCA issued notification dated 19 Aug 21 providing some further relaxation from online proficiency test for appointment as ID after database registration. A person practicing as Advocate, CA, CMA, CS for more than 10 years will not be required to qualify the test.  Read below notification for details-  

Form MGT-7/MGT-7A is likely to be revised on MCA21 Company Forms Download page w.e.f 14th October, 2021. Stakeholders are advised to check the latest version before filing.

MCA news : 4,540 companies admitted into CIRP; 394 companies stand resolved with 36% realisation of claims by financial creditors under IBC

                           Ministry of Corporate Affairs 4,540 companies admitted into CIRP; 394 companies stand resolved with 36% realisation of claims by financial creditors under IBC Posted On: 10 AUG 2021 7:05PM by PIB Delhi As on 30th June 2021, 4,540 companies were admitted into Corporate …

MCA news : 4,540 companies admitted into CIRP; 394 companies stand resolved with 36% realisation of claims by financial creditors under IBC Read More »

320 foreign companies registered in India between 2018 and 2021

Total of 320 foreign companies registered in the country during the last three years : Shri Rao Inderjit Singh

320 foreign companies registered in India between 2018 and 2021 A total of 320 foreign companies registered in the country during the last three years. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today. Giving more details, the …

Total of 320 foreign companies registered in the country during the last three years : Shri Rao Inderjit Singh Read More »

AGM EXTENSION ORDERS OF ALL ROCs

[BREAKING] AGM Extension By Top 100 Listed Entities By Market Capitalization

AGM EXTENSION BY TOP 100 LISTED ENTITIES BY MARKET CAPITALIZATION Securities and Exchange Board of India (SEBI) vide notification / Circular SEBI/HO/CFD/CMD1/P/CIR/2021/602 dated 23rd July, 2021, has introduced and published “Extension of time for holding the Annual General Meeting (AGM) by top 100 listed entities by market capitalization” in exercise of the powers conferred under Section 11(1) of …

[BREAKING] AGM Extension By Top 100 Listed Entities By Market Capitalization Read More »

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Important company updates -Allotment of new Name to be made effective automatically in case of ORDNC is not complied with within timeline

MCA has issued Cos (Incorporation) Fifth Amendment Rules, 2021 to be effective from 1st Sept, 2021. Allotment of new Name to be made effective automatically in case of ORDNC is not complied with within timeline. In the Companies (Incorporation) Rules, 2014, after rule 33, the following rule shall be inserted, namely: “33A. Allotment of a …

Important company updates -Allotment of new Name to be made effective automatically in case of ORDNC is not complied with within timeline Read More »

MCA

MCA Updates dated 24th June, 2021 [Read Circular]

1. Clarification on passing of ordinary and special resolutions: It has been decided by MCA to allow companies to conduct their EGMs through VC or OAVM or transact items through postal ballot in accordance with the framework provided in the aforesaid Circulars upto 31st December, 2021. All other requirements provided in the said Circulars shall …

MCA Updates dated 24th June, 2021 [Read Circular] Read More »

Companies (Incorporation) 4th Amendment Rules 2021

Highlights: Companies (Incorporation) 4th Amendment Rules 2021

Ministry of Corporate Affairs ) MCA) notification dated 07thJune, 2021 has notifiedthe Companies (Incorporation) 4th Amendment Rules 2021 in exercise of the powers conferred under Section 469 (1) & 469 (2) of the Companies Act, 2013, further to amend the Companies (Incorporation) Rules, 2014. Applicability: from the date of publication in Official Gazette. 1. Changes …

Highlights: Companies (Incorporation) 4th Amendment Rules 2021 Read More »

MCA had extended the timeline for allowing companies to hold their EGM through Video Conferencing upto December 31, 2021.

MCA Update on Filings Extension – 40 forms

Please refer the attached file for the list of forms for which additional fee waiver is made available as per Circular no. 06/2021 and 07/2021. Stakeholders may please take note and plan accordingly. List of forms providing waiver of additional fee as per Circular no. 06/2021 and 07/2021 CLICK HERE TO DOWNLOAD CIRCULAR Read more …

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Tax Concept

Team Tax Concept’s Initiative to Help India to Overcome Second Wave of COVID-19 Pandemic

Team Tax Concept’s Initiative to Help India to Overcome Second Wave of COVID-19 Pandemic: Make a donation to any organisation for COVID Relief and send us the proof of donation. In exchange, you can ask any legal queries related to Income Tax, GST and MCA. Please send the proof of donation at 7232812677 (Tax Concept) …

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Competition Commission of India (CCI) Approves Proposed Acquisition of 100% Shareholding and Sole Control of Ingram Micro Inc. by Imola Acquisition Corporation

Competition Commission of India (CCI) Approves Proposed Acquisition of 100% Shareholding and Sole Control of Ingram Micro Inc. by Imola Acquisition Corporation

The Competition Commission of India (CCI) approves proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. by Imola Acquisition Corporation. The proposed combination concerns the proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. together with its parent companies (i) GCL Investment Management Inc. and GCL Investment Holding Inc. …

Competition Commission of India (CCI) Approves Proposed Acquisition of 100% Shareholding and Sole Control of Ingram Micro Inc. by Imola Acquisition Corporation Read More »

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Annual Return (Sec. 92 of CA 2013) Provisions Amended w.e.f. 05.03.2021

Annual Return Provisions Amended w.e.f. 05.03.2021 Section 92 – Annual Return of Companies Act, 2013 Ministry of Corporate Affairs (MCA) vide notification no. / gazette id no. CG-DL-E-08032021-225710 and F. No. 1/1/2018-CL.I dated 05th March, 2021 has amended Section 92 of the Companies Act, 2013 related to Annual Return and the Central Government hereby appoints …

Annual Return (Sec. 92 of CA 2013) Provisions Amended w.e.f. 05.03.2021 Read More »

Analysis of Proposed Amendments in Union Budget 2021-22

The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis. Laying a vision for Aatma Nirbhar Bharat, she said this is an expression of 130 crore Indians who have full confidence in their capabilities and skills. She said that Budget proposals will further strengthen the Sankalp of Nation First, Doubling Farmer’s Income, Strong Infrastructure, Healthy India, Good Governance, Opportunities for youth, Education for All, Women Empowerment, and Inclusive Development among others.

No Relief to GST Sector: Key Highlights of Union Budget 2021

No Major Relief to GST Sector: Key Highlights of Union Budget 2021

(1.) ITR filing exemption to citizens aged 75 years and above (only if income from pension and interest).

(2.) New period for re-opening of assessment for transparent tax system : Reopening of assessment period reduced from 6 years to 3 years except in the cases where tax evasion is 50 lakh or more (re-opening of assessment period is 10 years in these cases).

(3.) Constitution of Dispute Resolution Committee (for taxpayers having taxable income of 50 lakh and above and disputed income is 10 lakh).

Tax Associations Come Together against Wrong Implementation of Tax Laws in India

Tax Associations Come Together against Wrong Implementation of Tax Laws in India

Tax Associations Come Together against Wrong Implementation of Tax Laws in India As we all know that tax implementation in our country is very poor. When portals are not working, government extend due dates but when taxpayers are not able to do compliance due to any reason/ pandemic, government is not extending due dates and …

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MCA Update

MCA Update 01.12.2020 Relaxation of additional fees and extension of last date of filing of CRA-4 (form for filing of cost audit report) for FY 2019-20 under the Companies Act, 2013http://www.mca.gov.in/Ministry/pdf/GeneralCircularNo.38_01122020.pdf MCA portal may experience intermittent unavailability from 01st Dec 2020 10:00 PM to 02nd Dec 2020 07:00 AM due to a planned maintenance activity.