New LLP Portal V3 of MCA Remains Jittery Weeks After Inception
New LLP MCA filing portal V3 is not working since it’s inception on 5th March 2022. Just like the new Income portal when it...
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...
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...
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...
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,...
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...
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...
CARO 2020 Deferred By One Year to 1st April, 2020 – List of Key...
The Ministry of Corporate Affairs (MCA) has deffered the applicability of the notified the Companies (Auditor’s Report) Order (CARO) 2020, till 1st April, 2021.
The notification seeks...
MCA: Extends Time for conducting EGMs through Video Conferencing
The time for conducting Extra-Ordinary General Meetings through Video Conferencing has extended by the Ministry of Corporate Affairs (MCA) till the date of 31st...
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...
UIDAI’s Aadhar Authentication Service undertaken by 24 Insurance Companies notifies Govt.
On Wednesday the Central Government released a notification which notified the reporting entities to comply with standards of privacy and security under the Aadhaar...
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...
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 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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Relaxation provided to LLPs/Companies during the lockdown period by MCA
On September 15, 2020, the Union Minister of State for Finance & Corporate Affairs, Shri Anurag Singh Thakur stated about the various steps taken...
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...
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...
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,...
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...
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...
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...