Category: MCA
Out of disqualified directors majority of them were directors of struck off companies The Ministry of Corporate Affairs, in a press release issued today has revealed that out of 3,09,619 disqualified directors, 2,10,116 number of disqualified directors were directors on the Board of struck off companies The provisions …
MCA initiatives for making the Incorporation Process Speedy On the occasion of the 69th Republic Day, the Ministry of Corporate Affairs (MCA) has launched the following Government Process Re-engineering (GPR) initiatives for making the Incorporation Process Speedy, Smooth, Simple and reducing the number of procedures involved for starting a …
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 …
Timeline for new company incorporation and name reservation forms. Date of discontinuance of old forms INC-1 and INC-7 and dates for re-submission A new name reservation service is being developed and is likely to be deployed on 26th January, 2018. Therefore w.e.f. 00:00 hours of 06-01-2018, INC-1 will …
Reactivation of DINs of disqualified Directors has been completed and the status of the relevant DINs can be checked now for applying under CODS-2018 MCA has notified Condonation of Delay Scheme (CODS) (notified vide General Circular No.16/2017 dated 29th December 2017) for re-activation of companies that has been struck …
DIN allotment to be only at the time of appointment as directors-MCA to modify DIN allotment process. MCA is all set to reengineer the process of allotment of DIN by allotting DIN to individuals only at the time of their appointment as Directors (If they do NOT possess a DIN) …
Properties of struck off companies from RoC can’t be used, operated, transferred or alienated until restored by Tribunal u/s 252 of the Companies Act. Registrar of Companies (RoC) invoking his powers u/s 248 can strike off/remove the name of a company in cases inter alia where company has …
Percentage of women directors on the boards of companies is only 25. Under SEBI Regulations/Cos Act every listed company must have a women director. Press Information Bureau Government of India Ministry of Corporate Affairs 19-December-2017 18:28 IST MCA21 Registry states that 25.01% women work as Directors on Boards …
MCA introduces Condonation of Delay Scheme 2018 (CODS-2018) for defaulting companies to file its overdue returns/documents due for filing till 30.06.2017 by temporarily activating DIN of disqualified directors General Circular No.16/2017 File No. 02/04/2017-CLV Ministry of Corporate Affairs 5th Floor,‘A’Wing,Shastri Bhawan Dr.Rajendra Prasad Road, NewDelhi-110001. Dated 29.12.2017 To …
Ordinance to amend Insolvency and Bankruptcy Code 2016 to prevent unscrupulous, undesirable persons from misusing/vitiating provisions of the Code. Press Information Bureau Government of India Ministry of Corporate Affairs 23-November-2017 15:04 IST President grants assent to Ordinance to amend Insolvency and Bankruptcy Code, 2016 The President of India …
