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...

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...
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...

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...
M.C.A. Amends Schedule VII of Companies Act, 2013.

M.C.A. Amends Schedule VII of Companies Act, 2013.

On Monday the Ministry of Corporate Affairs (MCA) amended the Schedule VII of Companies Act, 2013 which included that more entities engaged in research...

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...

CBIC: Deferred Import Duty payment without Intimation Benefit is available for Eligible Importers

On 19th August 2020, the Central Board of Indirect Taxes And Customs (CBIC) released a notification No.79/2020-Customs (N.T.) which notified the Deferred Payment of...

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...

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...
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...
MCA: Released Notification for Companies are not required to attach extract of Annual Return.

MCA: Released Notification for Companies are not required to attach extract of Annual Return.

Ministry of Corporate Affairs released a notification on August 28, 2020, for making amendments in the Companies (Management and Administration) Rules, 2014 which should...

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...

How To File For Condonation of Delay Scheme, 2018 For Disqualified Companies / Directors...

How To File For Condonation of Delay Scheme, 2018 For Disqualified Companies / Directors  - Come Out Clean or Repent ! Whereas, companies registered under the Companies Act,...
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...
MCA Extends DPT-3 Due Date and Reporting Period

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...
Framework for Authorisation of Pan-India Umbrella Entity for Retail Payments released by RBI

Framework for Authorisation of Pan-India Umbrella Entity for Retail Payments released by RBI

Reserve Bank Of India (RBI) on Tuesday published the framework for authorisation of pan-India Umbrella Entity for Retail Payment Systems. RBI in its draft...
Independent Director Registration - A Detailed Guide on Step by Step Process, Law and Open Issues

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...

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...

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...
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...
SEBI clarifies on Collection and Reporting of Margins by Trading Member (TM) / Clearing Member (CM) in Cash Segment.

SEBI clarifies on Collection and Reporting of Margins by Trading Member (TM) / Clearing...

On September 15, 2020, the Securities Exchange Board of India (SEBI) issued a circular for clarifying the issue related to the Collection and Reporting...
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...
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...
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...

Independent Director Registration – A Detailed Guide on Step by Step Process, Law and...

{UPDATE ALERT} MCA Relaxed Examination Criterion for Experienced Director's vide Notification Dated 28th Feb, 2020 - For Details read Comment Box Below the Post. With...
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...
MCA appoints two part-time members to IBBI Governing Board

MCA appoints two part-time members to IBBI Governing Board

Updated - April 02, 2024 at 08:43 AM. IBBI Governing Board is now in full strength in line with IBC requirement Corporate Affairs Ministry (MCA)...