A seminar was organised by Achromic Point Consulting an International consulting firm on ‘IPO & Private Equity Conclave’ on 15th April, 2011 at Hotel Eros Intercontinental Delhi where we ‘R & A Associates’ were the knowledge partners. The seminar was not only informative but also provided a great opportunity to network, exchange views and discuss …
Companies have been seeking clarification from MCA about the exemption granted under Section 212 (8) of the Companies Act, 1956, vide its Circular No. 02/2011 dated 08th February, 2011. The MCA has vide Circular No. 22/2011 dated 2nd May, 2011 clarified that all the Companies whether listed or unlisted, have to fulfill all the Conditions mentioned in the Circular for availing the …
Clarification in respect of Circular No. 02/2011 Read More »
Another Circular on the path of Green Initiative. MCA has clarified vide circular No. 21/2011 dated 2nd May, 2011 that only a duly approved agency will have to be appointed for providing and supervising electronic platform for electronic voting for postal ballot. Accordingly, The National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited are being approved …
Form 32 for intimating ROC regarding the particulars of appointment of Directors, etc and changes therein in pursuant to Section 303 (2) of the Companies Act, 1956, will now be processed under Straight Through Process (STP) mode and the practicing professionals like CS, CA and CWA have to certify the correctness of the form. The details are available in the …
E-Form 32 for intimating ROC regarding the particulars of appointment of Directors, etc Read More »
In the present system there is a facility with the ROC, to mark the Companies having management dispute on the basis of complaints received. As a result of this marking, all the forms filed for such company are not approved and put under work-in progress, until it is demarked by the ROC. In order to bring uniformity of practices …
Ministry of Corporate Affairs has vide Circular No. 17/2011 dated 21st April 2011 taken a ‘Green initiative in the Corporate Governance’ by allowing paperless compliances by the companies after considering Section 2, 4, 5 and 81 of the Information and Technology Act, 2000 for legal validity of compliances under Companies Act through electronic mode. It has been clarified that if the …
The Ministry of Corporate Affairs has vide circular No. 16/2011 dated 20th April, 2011 issued detailed guidelines simplifying the procedures to be adopted for the amalgamation of Government Companies under section 396 of the Companies Act, 1956
The Ministry of Corporate Affairs has reviewed the existing procedures followed by the Companies for seeking prior approval of the Central Government for appointment of cost auditor under Section 233 B (2) of the Companies Act, 1956 and on that basis revised the said procedure to be followed by the Companies. The modified procedure shall be effective from the financial …
Ministry of Corporate Affairs has vide Circular No. 14/2011 dated 8th April 2011 entrusted practicing professionals registered as Members of the professional bodies namely, ICAI, ICSI & ICWAI with the responsibility of ensuring integrity of documents filed by them with MCA in electronic mode. Professionals are now to be responsible for submitting /certifying documents (to be signed digitally by them) and …
Certification of e-forms under the Companies Act, 1956 by the Practicing professionals Read More »
Ministry of Corporate Affairs vide Circular No. 12/2011 dated 7thApril 2011 has simplified the procedures under the Easy Exit Scheme and issued the revised procedure for EES scheme.
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