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 …

Clarification on proper Corporate Governance and Compliance of provisions of Companies Act, 1956 Read More »

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 »