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. …
MCA has issued FAQs V3 COMPANY FORMS (Director KYC, Charge & Deposit Forms) Read More »
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 …
Vide Notification dated 20th May 2022, the Ministry of Corporate Affairs (MCA) has notified Companies (Incorporation) Second Amendment Rules, 2022. Through this amendment, the Ministry has substituted Form No. INC-9. The new form will be effective from 1st June 2022. To Download the Notification, Please Click Here
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 …
MCA Update on VC- MCA Update on VC 08.12.2021 Clarification of holding of Annual General Meeting (AGM) through Video Conference (VC) or Other Audio Visual Means (OAVM)-reg.
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 …
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 …
New definition of Small Company- Applicable from FY 2021-22 onwards Read More »
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 …
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 …
As per attached order of ROC Mumbai, the office has granted extension to a company for holding AGM. AGM Extension 2021- Key Provisions & Draft Application CS LALIT RAJPUT
Today, MCA has issued Frequently Asked Questions on Corporate Social Responsibility (CSR). These FAQs are in suppression of clarification and FAQs as mentioned in attached picture: The Circular containing latest FAQs can be downloaded by
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, …
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-
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 …
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, …
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 …
ICAI has brought 26 pages booklet – All about Fair Valuation Read More »
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 »
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 …
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 …
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 …
The Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021 2. The Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021
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 …
Only Aadhaar, PAN Card required for MSME registration Read More »
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 …
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 …
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) …
Team Tax Concept’s Initiative to Help India to Overcome Second Wave of COVID-19 Pandemic Read More »
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. …
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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 …
MCA has extended the due date to use accounting software with audit trail from 1st April 2021 to 1st April 2022.
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 »