News And Updates


Notice inviting comments on the draft rules w.r.t. NCLT related provisions

MCA has sought comments from stakeholders on the Draft rules for setting up of National Companies Law Tribunal (NCLT) under the Companies Act, 2013 in place of Company Law Board (CLB) 

283 Sections of the Companies Act, 2013 have already been commenced. Remaining sections related to functioning of NCLT/NCLAT and certain other authorities are yet to be notified.

In view of the Supreme Court order...Continue Reading


Setting up of Central Registration Centre for Reservation of Name

The Central Government vide  Notification No. S.O 218(E) dated 22.01.2016 has established a Central Registration Centre (CRC) having territorial jurisdiction all over India to process applications for reservation of name i.e., e-Form No. INC-1.

The CRC shall be located at Indian Institute of Corporate Affairs (IICA), Plot No. 6,7, 8, Sector 5, IMT Manesar, District Gurgaon (Haryana), Pin Code-122050.

This Notification...Continue Reading


The Companies (Incorporation) Amendment Rules, 2016

Ministry of Corporate Affairs vide Notification F. No. 1/13/2013 CL-V-part-II dated 22.01.2016 has issued the Companies (Incorporation ) Amendment Rules, 2016  bringing out changes  inter-alia, in Rule 8 (Undesirable Name), Rule 9 (Reservation of name) &  Rule 36 (Integrated Process for incorporation).

They shall came into force with effect from 26th January, 2016


SEBI update- 21.01.2016

SEBI with a view to make the public issue process more efficient and robust has issued Clarification Circular on Streamlining the Process of Public Issue of Equity Shares and Convertibles.

The Stock exchange(s) may validate the electronic bid details with depository’s records for DP ID, Client ID and PAN, at periodic intervals throughout the bidding day during the bidding period and bring the inconsistencies to the...Continue Reading


A HUF or its Karta cannot become a partner or designated partner in LLP

Ministry of Corporate Affairs vide General Circular No 13/2013 dated 15th January, 2016 clarified that a HUF or its Karta cannot become a partner or designated partner in LLP


FAQ's on SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

SEBI has issued next set of FAQ's on SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Through this set of FAQ an attempt has been made to clarify the points including:

  • Definition of Associate Company, 
  • Definition of Related Party, 
  • Definition of 'material subsidiary as per Regulation 16(1)(c)
  • Signing of Compliance certificate, 
  • Applicability of Regulation...Continue Reading

Commencement of sub-sections (5), (6) and (7) of section 125 of CA 2013 - IEPF

In exercise of the powers conferred by sub-section (3) of Section 1 of the Companies Act, 2013 (18 of 2013), the Central Government vide Notification Commencement of sub-sections (5), (6) and (7) of section 125 of CA 2013 - IEPF hereby appoints the 13th day of January, 2016 as the date on which the provisions of sub-section (5), sub-section (6) [except with respect to the manner of administration of the...Continue Reading


FAQs on Corporate Social Responsibility

Ministry has issued Frequently Asked Questions (FAQs) with regard to Corporate Social Responsibility (CSR) under Section 135 of the Companies Act, 2013 to facilitate effective implementation of CSR


FAQ's on SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

SEBI has issued First set of FAQ's on SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Through this set of FAQ an attempt has been made to clarify the points including:

  • Definition of Associate Company, 
  • Definition of Related Party, 
  • Signing of Compliance certificate, 
  • Disclosure of Events or Information
  • Other...Continue Reading

Extension of date of Annual Filing in the State of Tamil Nadu and UT of Puducherry

In continuation of this Ministry's General circular 15/2015 dated 30.11.2015, keeping in view the requests received from various stakeholders stating that due to heaw rains and floods in the State of Tamil Nadu and UT of puducherry, the normal life/work was affected, Ministry of Corporate Affairs has decided vide General Circular no 16/2015 dated...Continue Reading