Category: Companies Act

Ponzi Scheme Offenders-Action taken against by Government/MCA to check cases of deposit taking activities and protect interests of the investor

Ponzi Scheme Offenders-Action taken against  by Government/MCA to check cases of deposit taking activities and protect interests of the investor Ministry of Corporate Affairs Press Release dated 03/05/2016 The Government is committed to tackle the menace of unregulated ponzi deposit-taking schemes and take action against the offenders. The …

Amended Accounting Standards 2016 shall apply to accounting periods commencing on or after the date of notification-MCA Circular

General Circular No. 04/2016 F. No.01/01/2009-CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhavan, Dr R.P. Road, New Delhi Dated: 27th  April, 2016 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification with regard to Companies (Accounting Standards) Amendment Rules …

Acceptance of deposits by Indian companies from a person resident outside India for nomination as Director 160 of the Companies Act, 2013

RBI/2015-16/371 A.P. (DIR Series) Circular No.59 April 13, 2016 To All Authorised Dealer Banks Madam / Sir, Acceptance of deposits by Indian companies from a person resident outside India for nomination as Director Attention of Authorised Dealers Banks is invited to Regulation 3 of the Foreign Exchange Management …

Companies (Accounting Standards) Amendment Rules, 2016 Notification

Ministry of Corporate Affairs (MCA) has made amendments to  Companies (Accounting Standards) Rules, 2006 by the Companies (Accounting Standards) Amendment Rules, 2016 by notification dated 30/03/2016. In the amended rules: Reference to Companies Act 2013 has been incorporated; For financial statements reference to section 2(40) of the Companies Act 2013 …

MCA Notified Indian Accounting Standards Ind AS 11 Construction Contracts and Ind AS 18 Revenue. Download Full Notification

On 16-02-2015, MCA had notified Companies (Indian Accounting Standards) Rules, 2015. Today, (30/03/2016) Ministry of Corporate Affairs (MCA) has notified Companies (Indian Accounting Standards) (Amendment) Rule, 2016. The amendment has made the following changes: Indian Accounting Standard (Ind AS) 11 – Construction Contracts notified. The  standard shall be applied in accounting for …
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