Category: Companies Act

One day extension of Condonation of Delay Scheme 2018 to 01.05.2018 General Circular No. 03/2018 F. No. 02/04/2017-CL-V GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road, New Delhi Dated: 27.04.2018 To, All Regional Directors, All Registrars of Companies, All Stakeholders. …

Signing of share certificates by companies without common seal. Amendment to Table-F of the Schedule-I Articles of Association of company limited by shares  From the commencement of the Companies (Amendment) Act, 2015 (21 of 2015), i.e. with effect from the 29th May, 2015, companies are not be required …

Companies exempted from the applicability  of AS-22 and AS-12-MCA Notification MCA Vide Notification No. S.O. 529(E) dated 5th February, 2018, had directed that with effect from the 1st April, 2017, the provisions of Accounting Standard 22 or Indian Accounting Standard 12 relating to deferred tax asset or deferred tax liability …

Indian Accounting Standard (Ind AS) 115, Revenue from Contracts with Customers Central Government, in consultation with the National Advisory Committee on Accounting Standards has amended the Companies (Indian Accounting Standards) Rules, 2015. Accordingly, the Companies (Indian Accounting Standards) Amendment Rules, 2018 has been notified which comes into force from …

Extension of companies condonation of delay scheme 2018 (CODS-2018) upto 30th April, 2018  General Circular No. 02/2018 File No.02/04/2017-CL-V Ministry of Corporate Affairs 5th Floor, ‘A’ Wing , Shastri Bhawan Dr. Rajendra Prasad Road, New Delhi- 110 001. Dated: 28.03.2018 To All Regional Directors, All Registrar of Companies, …

Relaxation of additional fees and extension of last date of filing of AOC-4 XBRL E-Forms using Ind AS for FY 2016-17 to 30th  April 2018 F. No. 01/19/2013-CL-V (pt.) Government of India Ministry of Corporate Affairs General Circular No.01/2018 To All Regional Directors, All Registrar of Companies, All …

Conflict of interest is sufficient cause for share transfer refusal u/s 58(4) of Companies Act, 2013 –Supreme Court. CLB obliged consider contention of transfer being deceptive and mala fide. ABCAUS Case Law Citation: ABCAUS 2265 (2018) (03) SC The appellant was a public company whose majority of shares …

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 …