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...
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...
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...
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...
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...
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....
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,...
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...
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...
RBI ordered banks for Automation of Income Recognition, Asset Classification and Provisioning processes
All the banks were directed by the Reserve Bank of India to introduce an automated IT-based system for asset classification and provisioning calculation and...
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,...
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 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...
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...
Central Govt. extends the Emergency Credit Line Guarantee Scheme (ECGLS) to November 30, 2020
On Monday this week, the Government of India has announced the extension of the Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs by one...
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...
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...
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
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...
Priority Sector Lending Guidelines got revised by RBI
The Priority Section Lending (PSL) Guidelines got revised by the Reserve Bank of India (RBI). A thorough study was conducted about the priority section...
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...
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...
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...
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...
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...
IRDAI approves insurance firms to conduct video-based KYC
The Insurance Regulatory and Development Authority of India (IRDAI) on 21st September 2020 has allowed life and general insurance companies to use Video-Based Identification...
MCA: Extension of time given to hold AGM for FY 2019-20
On September 8, 2020, the Ministry of Corporate Affairs (MCA) gave a major sense of relief to about 12 lakhs Companies by extending the...
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...
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),...
MCA announces extension of Fresh Start Scheme and the LLP Settlement Scheme, 2020 till...
Ministry of Corporate Affairs (MCA) has announced the extension of the Companies Fresh Start Scheme, 2020 and the LLP Settlement Scheme, 2020 till 31st December...