MCA UPDATE

Order under section 68(2)(d) of the Companies Act 2013

In exercise of the powers conferred under the proviso to clause (d) of sub-section (2) of section 68 of the Companies Act, 2013 (18 of 2013) (Act), the Central Government has notified that –
 
The debt to capital and free reserves ratio shall be 6:1 for government companies within the meaning of Clause 45 of Section 2 of the...Continue Reading

MCA UPDATE

The Companies (Share Capital and Debentures) Amendment Rules, 2016

In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government has issued Companies (Share Capital and Debentures) Amendment Rules, 2016 whereby the following clause has been inserted after sub-clause (iii) of Clause (n) of...Continue Reading

Competition Commission of India Update

Ministry of Corporate Affairs issues notifications regarding (a) exemption regarding “group”; (b) Target exemption; (c) increase in value of assets and turnover, S.O. 673(E), 674 (E), 675(E). - 4th March 2016

The...Continue Reading

Kindly note Version of LLP Form 4-4A & Form 11 are going to be changed w.e.f Mar-8th. Stakeholders are requested to plan accordingly

SEBI Updates- 03.03.2016

Sebi has issued FAQ on SEBI (Share Based Employee Benefits) Regulations, 2014 in respect of :

• un-appropriated inventory of shares
• The restriction on grant of ESOPs to independent directors
• The lock-in requirement is applicable at the level of employee

MCA UPDATE

NOTICE INVITING COMMENTS ON THE DRAFT RULES W.R.T. REVIVAL AND REHABILITATION OF SICK COMPANIES RELATED PROVISIONS UNDER THE COMPANIES ACT, 2013

National Company Law Tribunal (NCLT) and its Appellate Authority is at an advanced stage of constitution. After its constitution, it is proposed to commence...Continue Reading

Kindly note that a new LLP Front Office Service ‘Enter Form 3 or Form 3 & 4 details for LLP filing’ has been introduced. This service will enable users to insert relevant details of Form 3 or Form 3 & Form 4 (both) in case corresponding Form 3 & Form 4 (both) are pending for processing in the system. The LLP users who update the relevant details within the due date (i.e. 30 days of event date) of change...Continue Reading

Ministry of Corporate Affairs vide its Notification No. GSR 148(E) dated 08th February, 2016 amended Chartered Accountant Procedures of Meetings of Quality Review Board , and Terms and Conditions of Service and Allowances of the Chair Person and Members of the Board...Continue Reading

SEBI UPDATE

CIRCULAR ON MUTUAL FUNDS 

Please refer to SEBI circular dated November 24, 2000 on treatment of unclaimed redemption and dividend amounts. In partial modification of the aforementioned circular, it has been decided that:

A. Treatment of unclaimed redemption and dividend amounts

1. The unclaimed redemption and dividend amounts, that are currently allowed to be deployed only in call money market or money...Continue Reading

MCA UPDATE

NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (COST RECORDS AND AUDIT) AMENDMENT RULES, 2016

Ministry of Corporate Affairs invite comments / suggestions  on the draft Companies (Cost Records and Audit) Amendment Rules, 2016.

The suggestions / comments on the above said rules along with justification in brief may be sent latest by 08th March,...Continue Reading