Category: Companies Act

Earlier all the companies (public/ private/ OPC) were required to file annual return in Form No. MGT-7. However, Ministry of Corporate Affairs (MCA) on 5th March 2021 amended Companies (Management and Administration) Rules, 2014 and …

Read More "MCA revises form MGT-7/MGT-7A."

NFRA noted that most of the companies to which these proposed revised standards will apply are private limited companies.

Due to the extraordinary disruption caused by the pandemic, It has been decided that if a cost-audit report for the financial year 2020-21 by the cost auditor to the Board of Directors of the companies …

Read More "MCA extends the last date of filing of cost audit report to the board of directors."

Based on the representation received from the companies, seeking extension of time for holding Annual General Meeting, MCA has granted extension of time for a period of two months, which means the companies now have …

Read More "MCA extends the time for holding AGM for Financial Year ended on 31st March 2021."

Stakeholders are advised to verify the antecedents of the company functioning as a Nidhi company and to ensure that the company has been declared as Nidhi company by the central government.

The amendment exempts advocates, Company Secretaries, Cost accountants and chartered accountants practicing for 10 years from requirement to pass online proficiency self-assessment test to be included in independent directors databank.

The amendment provides that the Indian Institute of Corporate Affairs (IICA) shall within sixty days from the end of every financial year send an annual report to every individual whose name is included in the …

Read More "The Companies (Creation and Maintenance of databank of Independent Directors) Second Amendment Rules, 2021"

As per the draft, a new regulation 111D has been inserted which reads as “A member in practice may form a multi-disciplinary firm with the member of other professional bodies as prescribed under Regulations 111B …

Read More "The Cost and Works Accountants (Amendment) Regulations, 2021."

Section 387 to 392 of the Companies Act 2013 deals with dating of prospectus and provisions as to experts consent and allotment, the registration of prospectus, offer of India depository receipts and the punishment for …

Read More "MCA exempts foreign companies and companies incorporated outside India from the provisions of sections 387 to 392."

The electronic-based offering of securities, subscription thereof or listing of securities in the International Financial Services Centres set up under section 18 of the Special Economic Zones Act, 2005 (28 of 2005) shall not be …

Read More "The Companies (Specification of definitions details) Third Amendment Rules, 2021."