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...

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,...
NCLT

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...
MCA: Extension of time given to hold AGM for FY 2019-20

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...
MCA

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...

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