DGFT issued Clarification on Implementation of Paper Import Monitoring System
The Directorate General of Foreign Trade(DGFT) has issued Clarification on Implementation of Paper Import Monitoring System via issuing Circular.
The Circular Stated, “Import of products under Chapter...
Companies (Authorized to Register) Amendment Rules, 2023
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION
In exercise of the powers conferred by sub-section (1) of section 164, sub-section (1) of section 466, section 367 and...
MCA Notifies Amendment to Companies Rules, 2014 and Form URC-1
The Ministry of Corporate Affairs (MCA) has notified the the Companies (Authorised to Register) Amendment Rules, 2023 wherein the Government has amended the Companies...
Mandatory joint audit to start with big firms
The government is likely to implement phased roll-out for mandatory joint audit of companies, starting with “public interest entities” and large listed companies soon....
Applicability of Corporate Social Responsibility – Companies Act 2013
Section 135 of Companies Act, 2013 provides for provisions regarding Corporate Social Responsibility (CSR) requirements for companies. Every company falling within the prescribed threshold...
MCA to shift 56 new forms to V3 portal soon
The ministry of corporate affairs is planning to shift nearly five dozen company forms to its updated V3 portal by January, which would in...
8 Benefits to Small Company in Companies Act, 2013
1. No need to prepare Cash Flow Statement as a part of Financial Statements
As per the proviso to section 2(40) of the Companies Act,...
Structured Digital Database Compliance Certificate
All About STRUCTURED DIGITAL DATABASE Certificate
Unpublished Price Sensitive Information
Regulation 2(1)(n) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 defines the expression ‘unpublished...
Latest Changes in Companies Act
Maintenance of books of accounts
Rule 3 of Companies (Accounts) Rules, 2014 provides the procedures for the maintenance of books of accounts by the Company.
Rule 3(1) provides that the...
MCA Registered Office Physical Verification
Registered Office is the primary location for the authorities to make any kind of correspondence. In the past times, it has been found that...
SEIS Benefit Can Be Claimed Even If you Don’t have IEC Registration
Hon’ble High court Decision Regarding SEIS benefit can’t be denied for not having IEC when services rendered No IEC required for availing benefit of...
New Form DIR 3 KYC & DIR 3 KYC Web Notified by MCA
Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2022 - G.S.R. 662 (E) - Companies Law
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 29th August,...
CoC Wisdom Cannot be Appealed in NCLT or NCLAT
Vallal RCK Vs Siva Industries and Holdings Limited And Ors. (Supreme Court Of India)
The Supreme Court on Friday said it has time and again...
Now MHA Approval Must For Director Appointment of Company if Belongs to Border Country
“Yesterday, MCA has issued Notification according to which No National of Border Sharing Country with India can be appointed as Director of a Company...
Statutory and Tax Compliance Calendar for June, 2022
Statutory and Tax Compliance Calendar for June, 2022
We have tried to compile updates till 31st May, 2022 and please note List of Compliance may...
More Chinese Companies Under MCA Scrutiny
India is probing the local units of ZTE Corp. and Vivo Mobile Communications Co. for alleged financial improprieties, according to documents seen by Bloomberg, extending an investigation into...
MCA Will Be Able To Predict Bankruptcy Soon with Financial Statements Pattern
Ministry of Corporate Affairs seeks research on database integration to predict bankruptcy
The ministry wants to use the MCA21 database to study financial statements of...
MCA registers highest ever 1.67 lakh companies in FY 2021-22
During the Financial Year 2021-22, Ministry of Corporate Affairs (MCA) registered more than 1.67 Lakh company in-corporations as compared to 1.55 Lakh companies during...
Getting Auditor to Resign Will Get Difficult – Government Set to Tighten the Norms
The government is set to tighten norms for auditors and independent directors. The move is part of a fresh overhaul of the Companies Act, which is in the...
New LLP Portal V3 of MCA Remains Jittery Weeks After Inception
New LLP MCA filing portal V3 is not working since it’s inception on 5th March 2022. Just like the new Income portal when it...
Companies (Indian Accounting Standards) Amendment Rules, 2022
MCA notifies Companies (Indian Accounting Standards) Amendment Rules, 2022 vide Notification No. G.S.R 255(E) Dated: 23rd March, 2022 and further amended Companies (Indian Accounting Standards) Rules, 2015.
MINISTRY...
Removal of Director Disqualification
Process to Reactivate or Restore Disqualified Director DIN
Filing Writ Petition with Respective High CourtObtaining High Court OrdersSubmission of High Court Orders with Relevant...
Limited Liability Partnership (Amendment) Bill, 2021
LLP Amendments
The Rajya Sabha on August 9, 2021, passed the Limited Liability Partnership (Amendment) Bill, 2021 ("Bill"). The Bill seeks to amend the...
Central Bank Digital Currency (CDSC) is the Future of Digital Money in India
Introduction
The idea of “Central Bank Digital Currencies” (CBDC) is not a recent development. Some attribute the origins of CBDCs to Nobel laureate James Tobin2,...
Indian corporate universe will now try to gear up effective operative compliance
With four amendments in act itself and over 530 notifications and circulars since its promulgation, the new companies act has prepared the necessary ground...
MSMEs requesting suspension of Insolvency proceedings, but MCA is not in favour
The government seems to be in no mood to suspend the Insolvency process, even as smaller companies have requested the Corporate Affairs Ministry to...
Important Changes by MCA w.e.f. 01 April 2021
The ministry of corporate affairs (MCA) has amended various rules under the companies law pertaining to audits, auditors, and accounts. Besides, by making changes...
Central Scrutiny Cell & Online Hearings in MCA w.e.f 1st October, 2021
MCA i.e. Ministry of Corporate Affairs recently released a Press Release No. 1695473 dated 05th February, 2021 regarding the Implementation of MCA 21 Version...
CARO 2020 Deferred By One Year to 1st April, 2020 – List of Key...
The Ministry of Corporate Affairs (MCA) has deffered the applicability of the notified the Companies (Auditor’s Report) Order (CARO) 2020, till 1st April, 2021.
The notification seeks...
Companies (Appointment and Qualification of Directors) fifth Amendment Rules, 2020 w.e.f 18th December, 2020
The Ministry of Corporate Affairs vide notification dated 18 December, 2020 has passed the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020.
Summary...