DPT-3 Due Date '30th June' is not as per Companies Act

Why DPT-3 Due Date ’30th June’ is not as per Companies Act?

As per Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014 : A return in Form DPT-3 on or before the 30th day of...
How Long Books of Accounts Must be Preserved In India

How Long Books of Accounts Must be Preserved In India

Books of Accounts are required to be maintained mandatorily in several cases viz, if you a company registered under companies act or you are...
ICSI Releases Guidance Note on Dividend

ICSI Releases Guidance Note on Dividend

The Institute of Company Secretaries of India has released a Guidance Note on Dividend. This Guidance note sets out the explanations, procedure and practical...
New CSR Amendment 2019 - No More Comply or Explain, It is Comply or Imprisonment !

New CSR Amendment 2019 – No More Comply or Explain, It is Comply or...

On 31 July 2019, the Companies (Amendment) Act 2019 (Amendment) received assent of the President of India. On the one hand, the Amendment retains...
MCA Extends DPT-3 Due Date and Reporting Period

MCA Extends DPT-3 Due Date and Reporting Period

As per Rule 16A(3) of the Companies (Acceptance of deposit) Rules, 2014 "every company other than Government company shall file a onetime return...
LLP Cannot Do Manufacturing Business Says MCA - Is it Right? - No in our View and LLP Act does not debars manufacturing business in any way

Why A LLP Not Allowed to DO Manufacturing Business by MCA?

UPDATE - 17th APRIL, 2019 - MCA HAS WITHDRAWN THE OFFICE MEMORANDUM (MENTIONED BELOW) W.E.F 17TH APRIL, 2019 THEREBY GIVING END TO CONFUSION. So we...
Big Relief for Disqualified Directors by Gujarat HC

Big Relief for Disqualified Directors by Gujarat HC

Quick Case Summary  {Gaurang Balvantlal Shah vs Union of India} Section 164(2) which had come into force from 1-1-2014 would have prospective and not retrospective...
Companies Amendment Bill 2018 ROC Physical Verification

New Companies Act will Allow ROC At Your Doorstep & ERA of Commencement Procedure...

Section 12 (9) to be inserted vide Companies (Amendment) Bill, 2018 currently tabled at Lok Sabha says that:- "If the Registrar has reasonable cause...

AOC-4 & MGT-7 Due Date Extended to 31.12.2018

AOC-4 & MGT-7 Due Date Extended to 31.12.2018 The Due Date for Annual Return under ROC i.e. AOC-4 and MGT-7 has been duly extended to...
10 Major Changes in CARO, 2020 vs CARO, 2016 in Fastrack Summary Mode

10 Major Changes in CARO, 2020 vs CARO, 2016 in Fastrack Summary

As you would be aware, Companies (Auditor’s Report) Order 2020 or CARO 2020 has been notified by MCA, applicable with effect from 25th February, 2020....

MCA: Extension of the last date of filing Cost Audit Report announced.

The last date of filing of CRA-4 (form for filing of the cost audit report) for FY 2019-20 under the Companies Act, 2013 has...
Ind AS's New Compendium released by ICAI.

Ind AS’s New Compendium released by ICAI.

The Accounting Standards Board of the Institute of Chartered Accountants of India (ICAI) released a notification on 25th August 2020 which notified some critical...

Government Bans Unregulated Deposits – High Impact Ordinance

The Government has issued The Banning of Unregulated Deposit Schemes Ordinance 2019 on 21.02.2019. Pursuant to this ordinance now any Individual or group of individuals...
Updates that Matter (UTM) by Charteredonline

Updates that Matter (UTM – No. 42)

We are pleased to update you vide UTM’s (Key Update Alerts). Please find hereunder our “Updates that Matter (UTM # No. 42)”, A. GST –Guajarat...
Government allows 100% FDI in coal mining

Government allows 100% FDI in coal mining

Union Minister of Railways and Commerce Piyush Goyal announced the approval of 100 per cent Foreign Direct Investment (FDI) in coal mining and associated infrastructure while...
RBI: Clarifies New Definitions of Micro, Small and Medium Enterprises

RBI: Clarifies New Definitions of Micro, Small and Medium Enterprises

The Reserve Bank of India (R.B.I.) on August 21, 2020, released a notification to clarify some issues for which IBA and bank's representation approached...
MCA

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...
MCA notifies the Insolvency and Bankruptcy (Application to Adjudicating Authority) (Amendment) Rules, 2020

MCA notifies the Insolvency and Bankruptcy (Application to Adjudicating Authority) (Amendment) Rules, 2020

The Ministry of Corporate Affairs (MCA) has notified on September 24, 2020, the new Insolvency and Bankruptcy (Application to Adjudicating Authority) (Amendment) Rules, 2020...
RBI ordered banks for Automation of Income Recognition, Asset Classification and Provisioning processes

RBI releases a Review of Guidelines for Core Investment Companies.

Reserve Bank of India (RBI) on Thursday released a Review of Guidelines for Core Investment Companies which talks about risk management, corporate governance and...
FAQs issued by I.T. dept. on UDIN

FAQs issued by I.T. dept. on UDIN

After noticing the fake certifications by Non-CAs misrepresenting themselves as Chartered Accountants which deceived the authorities and stakeholders, the Institute of Chartered Accountants of...
Ministry of Commerce and Industry notifies Streamlining of UQCs in DGFT’s EDI system & Customs’ ICEGATE

Ministry of Commerce and Industry notifies Streamlining of UQCs in DGFT’s EDI system &...

The Government of India and Ministry of Commerce and Industry released a notification for the streamlining of Unit Quantity Codes (UQCs) in the Director-General...
NFRA Active 24th October 2018 Power and Roles

NFRA – The Auditor’s BOSS Active w.e.f 24th October, 2018

Vide Notification    dated 24th October, 2018, the Ministry of Corporate Affairs has activated the provisions of Section  132 pursuant to which the National...
MCA

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...
SEBI: Issued Circular on Provision regarding Segregation of Portfolios in the Covid-19 pandemic state.

SEBI: Issued Circular on Provision regarding Segregation of Portfolios in the Covid-19 pandemic state

Because of the Covid-19 pandemic situation which the country is facing, the Securities Exchange Board of India (SEBI) released a circular regarding the Provisions...
MCA relaxed the Deposit Norms for Startup Companies

MCA relaxed the Deposit Norms for Startup Companies

In accordance to the Covid-19 pandemic situation the Ministry of Corporate Affairs (MCA) on September 7 ,2020, amended the depository norms for the startup...
MSME

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...

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,...
Central Scrutiny Cell & Online Hearings in MCA w.e.f 1st October, 2021

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...
SEBI

SEBI: Additional Payment Methods like ASBA for Payment of Balance Money in Calls for...

The Securities and Exchange Board of India (SEBI) on Tuesday this week has introduced additional payment mechanism, including Application Supported by Blocked Amount (ASBA),...
MHA directs NGOs seeking Foreign Donations to open FCRA Account at the SBI’s New Delhi branch.

MHA directs NGOs seeking Foreign Donations to open FCRA Account at the SBI’s New...

The Ministry of Home Affairs (MHA) has directed all NGOs registered under the Foreign Contribution (Regulation) Act (FCRA), 2010, to open or maintain an...
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