Tawaref Series: A blueprint for foreign investment success in Saudi Arabia

MCA revises threshold limits for value of Assets and Turnover for purposes of combination...

The Ministry of Corporate Affairs has revised the existing threshold value of assets and turnover mentioned under Section 5 of the Competition Act, 2002...
Byju MCA Inspection report soon

Byju MCA Inspection report soon

Last month, MCA asked its field officers to speed up the inspection process on Byju’s which is in the middle of a corporate battle...
Demat of Shares Mandatory for Private Companies – Practical Guide and Process

Demat of Shares Mandatory for Private Companies – Practical Guide and Process

The Ministry of Corporate Affairs (MCA) has mandated all private companies, except small companies, to issue securities only in dematerialized form within 18 months...
MCA

MCA Updates Alert: New Rules and Change Request Form on MCA-21 Portal

The Ministry of Corporate Affairs (MCA) in India recently announced two important updates for companies. These updates are: 1. Companies (Registration Offices and Fees) Amendment...
10 Key Amendments in SEBI LODR Impacting Listed Entities

10 Key Amendments in SEBI LODR Impacting Listed Entities

The Securities and Exchange Board of India (SEBI) recently amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) by notification of: (i)...
Ministry of Corporate Affairs announces its integration with the National Single Window System (NSWS) for the hassle-free Incorporation of Companies and LLPs – Practical Guide

Ministry of Corporate Affairs announces its integration with the National Single Window System (NSWS)...

The Ministry of Corporate Affairs (MCA) has announced its integration with the National Single Window System (NSWS) for the hassle-free incorporation of companies and...
Government in advanced stages of formulating rules for direct listing of companies abroad

Government in advanced stages of formulating rules for direct listing of companies abroad

The Indian government is in advanced stages of formulating rules for the direct listing of Indian companies on foreign stock exchanges. This is a...
Process to Increase Authorized Share Capital

Process to Increase Authorized Share Capital

What is authorized share capital? Authorized share capital is the maximum amount of capital that a company is authorized to raise by issuing shares. It...

IBBI Cancels Valuer’s Registration for Concealing Criminal Proceedings

Insolvency and Bankruptcy Board of India (IBBI) has issued an order to cancel the registration of Mr. Venkata Krishna Srinivasa Raju Penmetsa as a...
Merger & Acquisitions in India Will Soon Have Time Bound Approvals from MCA

Merger & Acquisitions in India Will Soon Have Time Bound Approvals from MCA

The ministry of corporate affairs has notified changes to the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2023. In a move aimed at improving ease...
Voluntary Corporate Exit Rules Amended to Accommodate CPACE

No Closure of a Company Without Filing Overdue Financials

Notification No. G.S.R. 354(E), Dated: 10.05.2023 The Ministry of Corporate Affairs (MCA) has notified an amendment to the Companies (Removal of Names of Companies from...
Voluntary Corporate Exit Rules Amended to Accommodate CPACE

Voluntary Corporate Exit Rules Amended to Accommodate CPACE for Faster Processing of Striking off...

New Forms STK-2, STK-6 & STK-7 Prescribed Vide Notification Dated 17th April, 2023. The ministry also replaced three forms that are related to the...
Applicability of Audit Trail Provisions on Companies w.e.f 1st April, 2023

Applicability of Audit Trail Provisions on Companies w.e.f 1st April, 2023

Considering the applicability date of the amended audit rules, it implies that the auditor is not required to assess appropriateness of audit trail of...
Legal and Regulatory Framework for Setting Up a Subsidiary in India

Legal and Regulatory Framework for Setting Up a Subsidiary in India

Corporates who wish to Enter Indian Markets by Setting up Subsidiary in India must ensure statutory and legal framework mentioned hereunder is Duly complied. Understanding...

KPMG Faces Backlash after Clean Report Issuance on SVB and Signature Bank – Analyzing...

Accounting firm KPMG, one of the ‘Big 4’, that gave a clean chit to Silicon Valley Bank and Signature Bank, days before they collapsed,...
DPT-3 Due Date '30th June' is not as per Companies Act

How Crowdfunding Platforms Violate the Provisions of Companies Act, 2013

Overall the Deal value as well as number of deals forfunding have been declining in 2022 and 2023. In other words, not only do...

Facts you need to know about Independent Director’s Databank

Independent Directors serve as an important Institution of corporate governance contributing significantly at the boards by bringing a diverse set of skills with an...

Recent Amendments Notified by MCA To Several Companies Rules and Forms

In furtherance to its earlier announcement regarding the launch of 56 (fifty-six) new forms under the Companies Act, 2013 ("Act"), the Ministry of Corporate...

FM Nirmala Sitharaman on action against inflation and why new income tax regime is...

Finance Minister Nirmala Sitharaman pointed out that the new income tax regime is "very attractive" as the tax exemption limit has been hiked to...

Consequences of Non-Appointment of Internal Auditor under the Companies Act, 2013

1. Internal Audit As per the definition given by the Institute of Internal Auditors, USA, internal auditing is an independent, objective assurance and consulting activity...

Govt to set up central processing unit for forms filed under companies law

To ensure a faster response to corporates, the government will set up a central processing centre for handling forms filed with field offices under...

Understanding Social Audit in the Light of Latest Regulatory Changes

1. A Brief on the Concept of Social Audit Over the last few decades, the Comptroller and Auditor General (CAG) of India has been conducting...

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...
Tamil Nadu AAR: GST exempted on supply of Dress, School Bag, Boots etc. to students without consideration to Govt/Govt Aided schools

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,...
SEBI

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...