Category: Companies Act
Government notifies NFRA w.e.f. 21st March, 2018. Rules for appointment of office bearers have also been notified simultaneously. As per section 132(4) of the Companies Act, 2013, the National Financial Reporting Authority (NFRA) has been empowered to investigate either suo moto or on a reference made to it by the …
AOC4 XBRL to be filed even if the company do not fall under the specified class of companies in succeeding years-MCA Notification The Government has amended the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015. MCA has notified the Companies (Filing of Documents and …
199 companies face penalty for non-compliance of CSR norms. No proposal to review the state of implementation of the Companies Act related to CSR Section 135 of the Companies Act, 2013 mandates for expenditure on Corporate Social Responsibility (CSR). Further Section 134 provides that the Board’s Report …
Companies required to follow IndAS to report Abridged Financial Statements in AOC3A. Companies (Accounts) Amendment Rules 2018. MCA Notification Ministry of Corporate Affairs (MCA) has issued Notification amending the Companies (Accounts) Rules, 2014 by Companies (Accounts) Amendment Rules, 2018. Section 136 of the Companies Act, 2013 provides for …
Companies engaged in defence production exempted from segment reporting-MCA Notification MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 23rd February, 2018 S.O. 802(E).— In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) and subsection (2) of section 462 of the Companies Act, …
Reappointed independent director to be removed by passing special resolution and after giving him a reasonable opportunity-MCA Sub-section (2) of section 152 of the Companies Act, 2013 provides that every director (including an independent director) shall be appointed by the company in general meeting; Further, sub-section (10) of …
Amendment to various Companies Rules of 2014. Ministry of Corporate Affairs have amended the following Rules: Rules Changes Notification Companies (Audit and Auditors) Rules, 2018 Substitution of following forms: (a) Form ADT-1. Notice to Registrar fir auditors appointment, and (b) Form ADT-2. Application for removal of auditor before expiry …
Applicability of AS-22 or IndAS-12 to Government company with respect to provisions relating to deferred tax asset/liability for seven years MCA has issued a notification providing that provisions of Accounting Standard 22 or Indian Accounting Standard 12 relating to deferred tax asset or deferred tax liability not to …
Zero fee for incorporation of all companies with authorized capital upto Rs.10 lakh The Finance Ministry has notified the Companies (Registration offices and Fees) Amendment Rules, 2018 inter alia providing for zero fee for incorporation of all companies with authorized capital upto Rs.10 lakh. The Notifications is the …
Companies (Amendment) Act 2017 The Companies (Amendment) Act 2017 has received the assent of the President of India on the 3rd January, 2018. The Amendment Act shall come into force from the date to be notified by the Central Government. Government may also appoint different dates form which the different …
