MCA vide Circular No. 40/2011 dated 23rd June, 2011 has advised to all the ROCs to review all the pending forms which were filed prior to 15th February, 2009. The pending forms have been placed in the category “Held in abeyance”(HIAB) and the ROCs have been asked to dispose all such forms by 7th July, 2011. Hence, MCA has requested to …
Disposing of Pending Forms with Registrar of Companies Read More »
MCA vide its circular No. 29/2011 had taken another step towards “Green Initiative” in Corporate Governance by notifying that all certificates and standard letters will be issued electronically under the Digital Signature of the Registrar of Companies. In this regard, 13 (Thirteen) certificates have already been developed and implemented by the Ministry as per Circular No. 39/2011 dated 21st June, 2011. …
Green Initiative – Issue of Certificates by Digital Signature Read More »
Ministry of Corporate Affairs vide General Circular No. 38/2011 dated 20th June, 2011 has clarified about Circular No. 33/2011 dated 1st June, 2011, wherein it was informed that no request, whether oral, or in writing or through e-forms, for recording any event based information/changes filed to the Registrar of Companies (ROC) will be accepted from defaulting companies, unless they file their updated …
MCA had mandated certain class of companies to file Balance Sheet and Profit & Loss Account along with Director’s Report and Auditor’s Report for the Financial Year 2010 – 2011 by using XBRL Taxonomy. MCA has prepared and hosted the Taxanomy Business Rules, Validity tools etc., required for the preparation of the above documents in XBLR format on the website of the ministry …
Filing of Annual Accounts in eXtensible Business Reporting Language (XBRL) mode Read More »
MCA has come back with another opportunity for fast track exit (FTE)by a defunct company by issuing new guidelines for Fast Track Exit (FTE) vide General Circular No. 36/2011 dated 7th June, 2011. The conditions under which a company will be called as “defunct company” for the purpose of these guidelines has been specified. Also, those Companies …
Guidelines for Fast Track Exit mode for defunct companies Read More »
MCA had issued a General circular in May, 2011 clarifying participation of Director’s and Shareholder’s in the Board Meetings and Shareholders Meetings, respectively. The MCA has now issued clarifications vide its Circular No. 35/2011 dated 6th June, 2011for better understanding of the earlier circular. MCA has clarified that video conferencing facility shall be mandatory in case of Listed Companies …
MCA issued a Notification no. GSF 453 dated 14th June, 2011 amending the Companies Regulations, 1956 by reclassifying the jurisdictional region of RD’s from four to six by inserting two new regions i.e. Eastern & North Eastern Region and South East Region Directorate Headquarter at Hyderabad. These new Regulations will be known as Companies (Amendment) Regulations, 2011.
MCA vide its notification dated 10th June, 2011, has amended the provisions of Section 4A of the Companies Act, 1956 and inserted four more companies in the list of the Public Financial Institutions (PFIs) which will be known as PFIs.
MCA vide notification no. GSR 430 (E) dated 3rd June, 2011, revised Cost Audit Report rules and issued new Companies (Cost Audit Report) Rule, 2011. The said rules shall be applicable to every Company in respect of which an audit of the cost records has been ordered by the Central Government under sub-section (1) of Section 233B of the Companies Act, 1956.
MCA vide notification no. GSR 429 (E) dated 3rd June, 2011,has revised and issued new Companies (Cost Accounting Records) Rules, 2011. The Company’s to which these rules apply has to obtain a Compliance Report, in each of its financial year commencing on or after 1st April, 2011 duly certified by a Cost Accountant and submit the same to the Central Government …
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