Ministry of Corporate Affairs

MINISTRY OF CORPORATE AFFAIRS (MCA)

1. Notification with regard to Section 203(1) of the Companies Act, 2013: In exercise of the powers conferred by the second proviso to sub-section (1) of section 203 of the Companies Act, 2013, the Central Government  has notified that public companies having paid-up share capital of rupees one hundred crore or more and annual turnover …

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MINISTRY OF CORPORATE AFFAIRS (MCA)

Circulars: Clarification regarding filing of Form DPT4 under Companies Act, 2013: MCA has issued circular no.27/2014 dated June 30, 2014 granting extension of 2 months upto 31-08-2014 without any additional fee in terms of Section 403 of the Act to enable the companies for filing of statement under Form DPT-4 with the Registrar. Clarification with …

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MINISTRY OF CORPORATE AFFAIRS (MCA)

Delegation of powers under section 458 of CA 2013 to Regional Director In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013),  Central Government has delegated to the Regional Directors at Mumbai, Kolkata, Chennai, Noida, Ahmedabad,  Hyderabad and Shillong, the power and functions vested in it under the …

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MINISTRY OF CORPORATE AFFAIRS (MCA)

Availability of e-forms/non-eforms under the Companies Act, 2013. MCA has issued circular no.09/2014 dated on 25th April, 2014 notifying the availability of 46 new e-forms including 3 general e-forms with effect from 28th April, 2014.  The 3 general e-forms  will be used for filing 17 forms which are not available as e-forms as on date …

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MINISTRY OF CORPORATE AFFAIRS (“MCA”)

1. Rules: The Ministry of Corporate Affairs (“MCA”) has on 31st March 2014 notified rules for 5 Chapters of the Companies Act 2013. Chapter X The Companies (Audit and Auditors) Rules, 2014 Chapter V The Companies (Acceptance of Deposits) Rules, 2014 Chapter XXII The Companies (Registration of Foreign Companies) Rules,2014 Chapter XIV The Companies (Inspection, …

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MINISTRY OF CORPORATE AFFAIRS

Notification relating to amendments of Schedule VII of Companies Act, 2013 The Ministry of Corporate Affairs (“MCA”) has issued notification dated 27th February, 2014 amending the Scheduled VII of Companies Act, 2013 by substituting the following items for item (i) to (x) : eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and …

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MINISTRY OF CORPORATE AFFAIRS

Clarification with regard to holding of shares or exercising power in a fiduciary capacity – Holding and Subsidiary relationship under Section 2(87) of the Companies Act, 2013 : MCA has received a number of representations consequent upon notifying section 2(87) of the Companies Act, 2013 which defines “subsidiary company” or “subsidiary”. MCA has been asked …

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Ministry of Corporate Affairs

Clarification with regard to applicability of provision of Section 372A of the Companies Act, 1956: Consequent to the notification of Section 185 of the Companies Act, 2013 dealing with loans to directors which corresponds to Section 295 of the Companies Act, 1956, the Ministry had been approached with a number of representations. Section 186 of …

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Ministry of Corporate Affairs

Companies (Removal of Difficulties) Order, 2013: Ministry of Corporate Affairs (MCA)Vide Companies (Removal of Difficulties) Order, 2013 dated 20/09/2013 notified as under. The order may be called Companies (Removal of Difficulties) Order, 2013. Continuance of matters, proceedings or cases before the Company Law Board until there are transferred to tribunal under Section 434:- It is …

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