MCA UPDATE

New Version of e-Forms - Companies Act, 1956

Forms 20B and 23AC forms are likely to be revised on MCA21 Company Forms Download page w.e.f 13th  Sep 2016. Stakeholders are advised to check the latest version before filing

MCA UPDATE

New Version of e-Forms - Companies Act, 2013

Forms AOC-4, INC-7, DIR-11, CHG-1, CHG-9 forms are likely to be revised on MCA21 Company Forms Download page w.e.f 14th  Sep 2016. Stakeholders are advised to check the latest version before filing.

MCA UPDATE

Companies (Mediation and Conciliation) Rules, 2016

In exercise of the power conferred under section 442 read with Section 469 of the Companies Act, 2013, the Ministry of Corporate Affairs has notified Companies (Mediation and Conciliation) Rules. 

These rules may be called Companies (Mediation and Conciliation) Rules, 2016

They shall come into force on the date of their notification in the official...Continue Reading

MCA UPDATE

Commencement notification dated 09.09.2016

ln exercise of the power conferred by sub-section (13) of section 1 of the Companies Act, 2013, the Central Government appointed 09th September, 2016 as the date on which the provisions of section 227, clause (b) of sub- section (1) or section 242,...Continue Reading

RBI UPDATE

Restrictions on Promoters and Whole-Time Directors of Compulsorily Delisted Companies Pending Fulfillment of Exit Offers to the Shareholders

In order to ensure effective enforcement of exit option to the public shareholders in case of compulsory delisting, it is felt necessary to strengthen the regulatory mechanism in this regard. Accordingly, it is hereby directed that in case of such...Continue Reading

MCA UPDATE

MCA21 System - Temporary unavailable

The MCA21 system will be unavailable from 8:00am to 6:00pm IST on Saturday, 10th Sep 2016 for system maintenance. Stakeholders are requested to plan accordingly.

RBI UPDATE

Master Direction - Non-Banking Financial Company

RBI has issued the following directions for the purpose of enabling the Bank to regulate the financial system to the advantage of the country and to prevent the affairs of any Systemically / Non-Systemically Important Non-Deposit taking Non-Banking Financial Company and Deposit taking Non-Banking Financial Company from being conducted in a manner detrimental to...Continue Reading

MCA UPDATE

Applicability of section 124 (1) to (4) and  (6) from 07.09.2016

Ministry of Corporate Affairs vide notification dated 05.09.2016 has notified 07th September, 2016 as the date on which the provisions of Section 124 sub-sections (1) to (4), (6) [with respect to the manner of administration of the Investor Education and Protection Fund] and (8) to (11) of section 125 of the said Act shall come into force.

MCA UPDATE

New Version of Forms

Annual filing forms for Companies Act, 1956 - 23AC, 23ACA, 23B, 20B, 21A, 66 are recently made available on MCA21 portal.

IEPF Forms are likely to be available on the IEPF portal w.e.f 7th Sep 2016. 

LLP Forms Form 4, Form 5 and Form 8 are likely to be revised on MCA21 LLP Forms Download page w.e.f 8th September 2016. 

Stakeholders are requested to plan...Continue Reading

SEBI UPDATE

SEBI CAUTIONS INVESTORS

 A.     SCHEMES INVOLVE DISTRIBUTION OF PRIZE MONIES

It has come to the notice of SEBI that various entities are soliciting investors by offering leagues/schemes/competitions etc. related to securities markets. Some of the schemes may involve distribution of prize monies. Participation in such schemes including sharing of confidential and personal trading data is at...Continue Reading