Companies Act May Be Fully Implemented by March 2016 - ICSI
Posted Date : 20-Sep-2015 , 09:17:33 pm | Posted By CASANSAAR
The Companies Act, 2013 is likely to be implemented fully by March 2016, president of the Institute of Company Secretaries of India (ICSI) Atul H Mehta has said.
Addressing a press meet here, Mr Mehta said on Sunday that the Act is being implemented partially and the unimplemented sections of the...
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Need to Rewrite Poorly-Drafted Companies Act: ICICI Bank Chairman
Posted Date : 06-Aug-2015 , 09:06:01 am | Posted By CASANSAAR
In a strong criticism of the "poorly-drafted" Companies Act, ICICI Bank's newly appointed chairman, M K Sharma, has said that tightening of norms has made it a "curse" to be a promoter and everyone is being made to pay because of a few cases like Satyam and Sahara.
Mr Shar...
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Companies Act |
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Number of companies, registered with Registrar of Companies as on 30.06.2015
Posted Date : 25-Jul-2015 , 08:16:51 am | Posted By CASANSAAR
The number of companies, registered with Registrar of Companies as on 30.06.2015, State/UT-wise, is given in Annex-I.
The State/UT-wise and category-wise (struck-off and liquidated) number of closed companies during the last three financial years and the current financial year (up to 30.06....
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Government Extends Date for Suggestions and Comments for the Implementation of the Companies Act, 2013 to 31st July, 2015
Posted Date : 22-Jul-2015 , 07:52:40 am | Posted By CASANSAAR
The Companies Law Committee set up by the Government to make recommendations on issues arising from the implementation of the Companies Act, 2013 had invited suggestions and comments from stakeholders to assist its deliberations. These suggestions and comments were invited through the Ministry of Co...
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Companies Act |
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Company law Committee invites comments/Suggestions in the implementation of Companies Act 2013
Posted Date : 20-Jun-2015 , 09:18:02 am | Posted By CASANSAAR
The Companies Law Committee set up by the Government to make recommendations on issues arising from the implementation of the Companies Act, 2013 invites comments/suggestions to assist its deliberations.
Suggestions/ comments may kindly be sent only through the Ministry of Corporate Affairs&rsquo...
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Companies Act |
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Government relaxes norms pertaining to related party transactions, Audits & acceptance of deposits for Private Companies
Posted Date : 08-Jun-2015 , 08:26:40 am | Posted By CASANSAAR
As part of its strategy to make it easier to do business in the country, the government has relaxed norms pertaining to related party transactions, accepting deposits and appointing auditors in private companies.
Various norms have also been eased for government-owned companies, nidhi...
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Companies Act |
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Govt relaxes compliance provisions for private companies
Posted Date : 06-Jun-2015 , 09:00:33 pm | Posted By CASANSAAR
Keeping up with its promise of making life easier for private companies, the Modi-led Government has now exempted such companies from several provisions of the new company law enacted in 2013.
Besides providing exemptions, the Corporate Affairs Ministry has also provided certain relaxations, wh...
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Companies Act |
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Govt set up eight-member panel to suggest changes to Companies Act
Posted Date : 05-Jun-2015 , 05:57:27 pm | Posted By CASANSAAR
Govt set up eight-member panel to suggest changes to Companies Act
Continuing efforts to improve the ease of doing business in the country, the government has set up an eight-member panel to address issues related to the new companies law and suggest necessary change...
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Companies Act |
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Companies (Amendment) Act, 2015 Notified by the Government
Posted Date : 28-May-2015 , 09:15:14 am | Posted By CASANSAAR
Companies (Amendment) Act, 2015 Notified by the Government.
The Central government notified the Companies (Amendment) Act, 2015 on May, 26. By the amendment, requirement of minimum paid up capital is to be done away with. In addition, the aspect of having a common seal has been changed and havi...
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Companies Act |
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Company registrations - Decoding the mystery of down fall
Posted Date : 25-May-2015 , 08:42:40 am | Posted By CASANSAAR
Company registrations - Decoding the mystery of down fall.
'Make in India' and "ease of doing business" have been the key campaigns of Prime Minister Narendra Modi's government but according to official data on companies, aspiring entrepreneurs either seem to be reluct...
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Companies Act |
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Exposure Draft by ICAI on the Managerial Remuneration under the Companies Act 2013
Posted Date : 19-May-2015 , 08:57:19 am | Posted By CASANSAAR
Exposure Draft by ICAI on the Managerial Remuneration under the Companies Act 2013.
Comments/suggestions may kindly be sent to the following address/ e-mail within 10 days i.e. upto 27th May, 2015. clcgc@icai.in...
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Companies Act |
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Companies P&L accounts to have separate CSR Expenditure head
Posted Date : 17-May-2015 , 08:51:41 pm | Posted By CASANSAAR
Companies will have to disclose their CSR Expenditure as a separate head in their profit and loss statements, accounting regulator ICAI has said.
Besides, if a company spends more than the mandatory two per cent of profit for Corporate Social Responsibility (CSR), the excess amount can not ...
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Companies Act |
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Main features and relaxations of Companies (Amendment) Bill passed by Rajya Sabha
Posted Date : 13-May-2015 , 04:03:59 pm | Posted By CASANSAAR
Main features and relaxations of Companies (Amendment) Bill are as under:
1. No minimum capital requirement of Rs.1 lakh (in case of private company) or Rs. 5 lakh (in case of public company)
2. Approval of shareholders under Sect...
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Companies Act |
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Companies Amendment Bill approves by Rajya Sabha
Posted Date : 13-May-2015 , 03:56:16 pm | Posted By CASANSAAR
Rajya Sabha today approved a bill to amend the Companies Act with an aim of promoting ease of doing business with as Finance Minister Arun Jaitley saying the law will be reviewed further by an expert committee to be set up shortly to see where the "shoe pinches".
A...
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Companies Act |
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Government easing registration norms, cutting penalty for one-person companies
Posted Date : 12-May-2015 , 07:55:55 am | Posted By CASANSAAR
With the one-person-company (OPC) concept not finding enough takers, the government is simplifying the registration procedure and reducing penalties to encourage small entrepreneurs to corporatise their businesses.
Introduced in April 2014 under the new Companies Act, the OPC concept was se...
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Companies Act |
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Companies Act - Easing of Compliance Norms Under Companies Act
Posted Date : 05-May-2015 , 10:44:37 pm | Posted By CASANSAAR
After commencement of various provisions of the Companies Act, 2013 and rules thereunder, various issues received from Industry Chambers and stakeholders were examined in consultation with stakeholders. In order to address the issues received, certain rules have been amended. The compliance norms, w...
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Companies Act |
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File INC-29 for Name availability, allotment of DIN, Company incorporation and commencement of business
Posted Date : 02-May-2015 , 08:09:17 am | Posted By CASANSAAR
The corporate affairs ministry will from May 1 have an integrated company incorporation form to make compliance and reporting easier and convenient for corporates.
"Name availability, allotment of Director Identification Number (DIN), company incorporation and commencement of business will n...
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Companies Act |
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Amendments in Companies (Amendment) Bill, 2014 approved by Union Cabinet
Posted Date : 30-Apr-2015 , 07:56:33 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for moving of the following Official Amendments in the Companies (Amendment) Bill, 2014 :-
i. Doing away with the requirement for filing a declaration by a company before commencement of business or...
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Companies Act |
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Companies can now file single compliance return for eight labour laws
Posted Date : 25-Apr-2015 , 08:42:30 am | Posted By CASANSAAR
Industries from now on will file just one labour compliance return for eight key labour laws ranging from the Industrial Disputes Act to Minimum Wages Act, the labour ministry said on Friday after easing the compliance process. The process has been taken online, making it smoother.
Labour ministe...
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Companies Act |
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Implementation of section 125 and section 132 of the Companies Act, 2013
Posted Date : 24-Apr-2015 , 10:01:59 pm | Posted By CASANSAAR
Implementation of New Companies Act
The provisions of section 125 and section 132 of the Companies Act, 2013 respectively provide details about the constitution, powers and responsibility of the Investor Education and Protection Fund Authority (IEPFA) and National Financial Reportin...
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Guidance Note on Reporting under Section 143 (3)(f) and (h) of the Companies Act, 2013 - ICAI
Posted Date : 20-Apr-2015 , 09:30:58 pm | Posted By CASANSAAR
Guidance Note on Reporting under Section 143 (3)(f) and (h) of the Companies Act, 2013
The Council of the Institute of Chartered Accountants of India (ICAI), at its 342nd meeting considered and approved the Guidance Note on Reporting Under Section 143(3)(f) and (h) of the Companies Act, 2013...
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Application Guide on the provisions of Schedule II to the Companies Act 2013 - ICAI
Posted Date : 11-Apr-2015 , 01:53:12 pm | Posted By CASANSAAR
Application Guide on the provisions of the Schedule II to the Companies Act, 2013
The Corporate Laws & Corporate Governance Committee of the Institute of Chartered Accountants of India has issued the Application Guide on the provisions of the Schedule II to the Companies Act, 2013. For ...
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MCA eases Director appointment filing requirements
Posted Date : 08-Mar-2015 , 08:29:08 pm | Posted By CASANSAAR
In case of the entire board resigning from a company, the statutory filing about details of new directors' appointment can be made by one of the directors who has quit, according to the Ministry of Corporate Affairs.
The relaxation would help address difficulties faced by stakeholders, especially w...
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