MCA

MCA has issued FAQs V3 COMPANY FORMS (Director KYC, Charge & Deposit Forms)

FAQs V3 COMPANY FORMS (Director KYC, Charge & Deposit Forms) 1. Where should I file Company forms effective from 31st August 2022? Set 1 forms covering 9 forms are being migrated to V3 while remaining Company forms are still in the V2 portal. This phased migration is done to enable smooth transition of the portal. …

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AGM Extension: Draft Board Resolution

Draft Board Resolution for Extension of AGM EXTRACTS OF THE MINUTES OF THE  ………… (no. of meeting) MEETING OF THE BOARD OF THE DIRECTORS OF ……………………… LIMITED (THE COMPANY) HELD ON ………….DAY, ……………(date) AT …………(time) AM/PM AT THE REGISTERED OF THE COMPANY AT …………………………… The Chairman informed the Board that as our company having (mention …

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Corporate Compliance Calendar for January, 2021

Corporate Compliance Calendar for January, 2022

This article contains various Compliance requirements for the Month of January, 2022 under various Statutory Laws. Compliance means “adhering to rules and regulations. ”Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure. If you think compliance is expensive, try non‐ compliance” Compliance …

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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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New definition of Small Company- Applicable from FY 2021-22 onwards

The new definition of Small Company- Know whether your company falls into Small Companies The Ministry of Corporate Affairs has notified an amendment in the Companies (Specification of Definitions Details) Rules, 2014 that came into force on 1st April 2021. The MCA (Ministry of Corporate Affairs) has effected this amendment in accordance with the proposal …

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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 »

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CCI imposes Rs 200 crore penalty on Maruti for voilation of the provisions of Competition Act, 2002

CCI imposes Rs 200 crore penalty on Maruti for restricting discounts by dealers The Competition Commission of India (CCI) passed a final order against Maruti Suzuki India Limited (MSIL) for indulging in anti-competitive conduct of Resale Price Maintenance (RPM) in the passenger vehicle segment by way of implementing Discount Control Policy vis-à-vis dealers, and accordingly, …

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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 »

Cabinet approves amendments to LLP Act

Cabinet approves amendments to LLP Act for decriminalizing offences, know New Concept of Small Company

Cabinet approves amendments to LLP Act Limited Liability Partnership Amendment Bill, 2021 The Cabinet on 28th day of July, 2021, Wednesday, approved amendments to the Limited Liability Partnership (LLP) Act for decriminalising offences under the law as the government looks to improve ease of doing business and encourage start-ups.LLPs are becoming popular among start-ups. Currently, …

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ICAI has brought 26 pages booklet – All about Fair Valuation

ICAI has brought 26 pages booklet on a very interesting topic: concept Paper on All about Fair Valuation.   Glancing on 26 pages gives you an overall understanding of Fair Value, Entry Price, Exit Price and its importance of implementation in business valuation. ICAI has brought 26 pages booklet.    Click on below link in …

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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 …

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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 …

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Minister of State for Corporate Affairs

Shri Rao Inderjit Singh appointed as Union Minister of State in Ministry of Corporate Affairs

Shri Rao Inderjit Singh took charge as Union Minister of State in the Ministry Corporate Affairs (MCA), here today. Before taking charge as Union Minister of State for MCA, Shri Singh already held the position of Union Minister of State (Independent Charges) for the Ministry of Statistics and Programme Implementation as also for the Ministry …

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Recognition to Secretarial Auditor under the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

38th Weekly Corporate Affairs Newsletter

We thought it would help to give you a sense of what’s available to you by subscribing to this 38th  WEEKLY CORPORATE AFFAIRS Newsletter- ·  SEBI Updates ·  MCA Updates ·  RBI Updates ·  IBC Law Updates ·  Labour Law Updates ·  PRESS Information ·  IPO & Investment Section ·  IRDAI (Insurance Sector) Updates ·  Department of Telecommunication  ·  MSME Updates ·  Competition Commission of India ·  Cabinet Decisions / New Laws …

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Nitin Gadkari says road infrastructure is being developed faster, safer and more sustainable than ever before

Only Aadhaar, PAN Card required for MSME registration

The government has simplified the registration process for micro, small and medium enterprises (MSMEs) and they will now only need to furnish PAN and Aadhaar to register. Addressing a webinar of SMEStreet GameChangers Forum on Tuesday, Shri Gadkari  announced simplification of the process for registration of Micro, Small and Medium Enterprises .He said that now …

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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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MCA

Revamped website, e.Book, e.Consultation module and new email services deployed for better stakeholders’ experience introduced :- MCA New Website

Minister of State for Finance and Corporate Affairs Shri Anurag Singh Thakur launches 1st Phase of MCA21 Version 3.0 Minister of State for Finance and Corporate Affairs Shri Anurag Singh Thakur launched the first phase of the Ministry of Corporate Affairs’ (MCA) MCA21 Version 3.0 (V3.0) comprising revamped website, new email services for MCA Officers …

Revamped website, e.Book, e.Consultation module and new email services deployed for better stakeholders’ experience introduced :- MCA New Website Read More »

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 »

MCA

Changes by Ministry of Company Affairs wef 1st April 2021 to ensure more and more transparency

Schedule III of the Companies Act 2013 contains the general instructions for preparation of Balance Sheet and Statement of Profit and Loss of a Company. Following are the changes made in the financials/ notes to accounts on account of amendments in Schedule III brought about by MCA: Now companies have to round off the figures …

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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 …

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