Category: Companies Act

Powers to appoint inspectors to inspect books, papers of a company u/s 206(5) Companies Act 2013 of Central Government delegated to Regional Directors

MINISTRY OF CORPORATE AFFAIRS Notification New Detlhi, the 29/04/2016 S.O. E. In exercise of the powers conferred by sub-section (1) of section 458 of the Companies Act (18 of 2013)’ the Central Government being satisfied that circumstances warrant, hereby delegates the powers to appoint inspectors for inspection of …

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 …