Filing of Form 23B without Payment of Fee
Posted Date : 31-Jul-2012 , 08:06:28 am | Posted By CASANSAAR
As you may be aware, the Ministry of Corporate Affairs vide its circular number 14/2012 dated 21.06.2012 had imposed fees on Form 23B (Information by auditor to Registrar) w.e.f. 22/07/2012. Subsequently, the Ministry vide its circular number 19/2012 dated 27.07.2012 has extended the last date for f...
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Corporate Law |
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Filing of Cost Audit Report and Compliance Report in the Extensible Business Reporting Language (XBRL) Mode
Posted Date : 30-Jul-2012 , 09:47:20 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has decided that all cost auditors and the concerned companies will be allowed to file their Cost Audit Reports and Compliance Reports for the year 2011-12 [including the overdue reports relating to any previous year(s)] with the Central Government in the XBRL mode,...
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Corporate Law |
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MCA: Payment of stamp duty on increase of authorised capital
Posted Date : 26-Jul-2012 , 09:06:26 am | Posted By CASANSAAR
A Notification vide No. G.S.R. 716(E). dated 23.09.2011 was issued, in view of the order of the Hon’ble High Court of Delhi dtd. 21.04.2011 in the matter of M/s. S.E. Investment Limited Vs Union Of India and Others {W.P. (c) 2393/2010 and CM Appl. 4794/2011}, the Hon’ble Court ...
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Corporate Law |
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13 cos under MCA scanner for alleged money circulation
Posted Date : 26-Jul-2012 , 06:41:09 am | Posted By CASANSAAR
Corporate Affairs Ministry has cracked the whip this time around on 13 companies most of which are in real estate. The registrar of companies is investigating allegations of money circulation and money laundering. In fact even the RBI has trained its guns on the alleged scams, reports CNBC-TV18's Ma...
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Corporate Law |
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Imposing Fees on Certain E-Forms Filed with ROC, RD OR MCA(HQ) under MCA-21 Where at Present No Fee is Prescribed
Posted Date : 24-Jul-2012 , 09:01:07 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has decided to impose a certain amount of fee on the following forms at the rates indicated in the table below:-
S.
No.
Form No.
Particulars of the Form
Fee Applicable
1
Form 1 of Investor Educati...
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Corporate Law |
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Last date for filing Form 23B without fees has been extended
Posted Date : 21-Jul-2012 , 05:38:08 pm | Posted By CASANSAAR
Ministry vide circular number 14/2012 dated 21.06.2012 had imposed fees on Form 23B (Information by auditor to Registrar) w.e.f. 22/07/2012.
Kindly note that the last date for filing the Form 23B without fee has been extended for two weeks. Fee shall be charged on a...
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Corporate Law |
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MCA Invites Views/Suggestions on the Proposed
Posted Date : 19-Jul-2012 , 08:44:36 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has decided to invite views/suggestions from various Individuals/Experts/Institutions/Organizations interested in the subject matter of the proposed ‘Multistate Societies Registration Bill, 2012’. All those desirous of submitting views/suggestions m...
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Corporate Law |
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MCA
Posted Date : 19-Jul-2012 , 07:36:13 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has decided to further mandate the following select class of companies to file their Balance Sheet and Profit & Loss Account in XBRL mode for the financial year commencing on or after 1.4.2011 : (i) all companies listed with any Stock Exchange(s) in India a...
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Corporate Law |
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Registrar of Companies looking into financial irregularities of OnMobile: M V Moily
Posted Date : 18-Jul-2012 , 07:31:35 am | Posted By CASANSAAR
The Corporate Affairs Ministry today said it has asked the Registrar of Companies (RoC) to look into the alleged financial irregularities of the mobile value-added services company OnMobile. "We are making some discreet inquiry. I don't know whether any fraud (financial...
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Corporate Law |
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MCA moves cabinet note on Cos Bill for making key changes
Posted Date : 17-Jul-2012 , 08:34:53 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) has moved a Cabinet note on the Companies Bill for making some key changes. According to the sources these changes have been made to take on board the objections raised by the Standing Committee on Finance, reports, Ronojoy Banerjee of CNBC-TV18.
The ...
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Corporate Law |
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MCA`s mandate for Phase II annual filings in XBRL
Posted Date : 14-Jul-2012 , 08:56:03 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) has issued a fresh circular no. 16/2012, which mandates the following class of companies to file their Balance Sheet and Profit & Loss Account in XBRL mode for the financial year commencing on or after April 1, 2011:
> All compani...
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Corporate Law |
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Election of CCI Chairperson as Chair of UNCTAD's IGE on Competition law and policy
Posted Date : 10-Jul-2012 , 07:28:18 am | Posted By CASANSAAR
"Mr. Ashok Chawla , Chairperson , Competition Commission of India has been elected unanimously the chair of the 12th session of Intergovernmental Group of Experts (IGE) on Competition law and policy, UNCTAD in Geneva. His name was proposed by the Chairperson of Competition Commission of Pakistan.UNC...
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Corporate Law |
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MCA fine-tuning provision for mandatory rotation of auditors
Posted Date : 09-Jul-2012 , 07:17:34 am | Posted By CASANSAAR
The Corporate Affairs Ministry is fine-tuning the provisions of the new Companies Bill over the mandatory rotation of statutory auditors every five years to make them more "practical", MCA Minister Veerappa Moily said on Friday."Not exactly diluted, it is being fine-tuned, working something more pra...
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Corporate Law |
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No cap likely on audit firms
Posted Date : 05-Jul-2012 , 08:19:27 am | Posted By CASANSAAR
The big four audit firms can breathe easy as the Ministry of Corporate Affairs (MCA) has decided there will be no cap on the number of companies an audit firm can take on as clients.
A source in the government told The Indian Express that the ministry has decided to drop the recomendation o...
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Corporate Law |
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CCI imposes penalty of more than Eight Crores on Multi System Operators Group (Fast Way Group)
Posted Date : 03-Jul-2012 , 10:01:20 pm | Posted By CASANSAAR
The Competition Commission of India has found Fast Way Group abusing its dominance in the cable TV service in the territory of Punjab and Chandigarh in violation of the provisions of the Competition Act, 2002. The order was passed pursuant to investigation carried out by the Director General upon in...
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Corporate Law |
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MCA Notification on Investor Education
Posted Date : 23-Jun-2012 , 07:51:04 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has notified that Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules, 2012, has mandated every company to file e-Form 5INV containing the information of unclaimed and unpaid amounts as ...
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Corporate Law |
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New LLP Portal
Posted Date : 19-Jun-2012 , 05:57:43 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has placed the New Guidelines for the Stake holders on its newly launched LLP Portal. Hence forth, any user willing to avail any LLP related service for which payment of fees is required need to register on MCA21 system. For reg...
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Corporate Law |
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House panel wants MCA to define
Posted Date : 18-Jun-2012 , 08:56:44 am | Posted By CASANSAAR
A parliamentary panel has recommended that the ministry of corporate affairs (MCA) define the concept of private placement in the proposed Companies Bill.
The ministry has refrained from defining the term as it believes that the concept of public offer is already provided for in the law. Ho...
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Corporate Law |
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MCA issues fresh notices to three Tata group companies
Posted Date : 14-Jun-2012 , 07:37:46 am | Posted By CASANSAAR
In a new twist to the almost six-year-old dispute between the Tatas and the Aditya Birla Group over Idea Cellular Ltd, the ministry of corporate affairs (MCA) has issued fresh notices to three Tata group companies, asking them to furnish their shareholding details by June 13, according to a ministry...
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Corporate Law |
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LLP Registry is Now Merged with MCA-21 and Decentralization of LLP Approval to Various ROCs
Posted Date : 11-Jun-2012 , 10:05:33 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs, has achieved a new milestone by integrating e-Governance project for Limited Liability Partnership (LLP) under the platform of MCA21. This initiative has been taken on the advice of Union Corporate Affairs Minster Dr. M.Veerappa Moily. This will result in prov...
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Corporate Law |
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MCA: Introducing Limited Liability Partnership (LLP) Registration through Electronic Mode (E-Filing).
Posted Date : 11-Jun-2012 , 01:00:46 pm | Posted By CASANSAAR
Introducing Limited Liability Partnership (LLP) Registration through Electronic Mode (E-Filing).
A. LLP REGISTRY PROCESS FOR NEW UNITS
1. LLP registration process has been upgraded and aligned with MCA Portal 21. 2. Ministry has since decentralized this process. Hencefo...
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Corporate Law |
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Change in accounting principles may hit companies' ability to borrow
Posted Date : 05-Jun-2012 , 08:03:13 am | Posted By CASANSAAR
Indian companies, grappling with slowing business environment and deferment of projects, will now have to contend with another challenge from a recent change in accounting principles that will increase their current liabilities and limit ability to borrow. The changes approved by the ...
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Corporate Law |
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Amount of Reebok fraud appears inflated: SFIO
Posted Date : 04-Jun-2012 , 08:24:21 am | Posted By CASANSAAR
An initial probe by the Serious Fraud Investigation Office (SFIO), the investigative arm of the Ministry of Corporate Affairs, into the Reebok India scam suggested the amount of Rs 870 crore as alleged by the company’s German parent, appeared “exaggerated”.
“We have ...
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Corporate Law |
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Cost audit reports to come under the ambit of XBRL
Posted Date : 02-Jun-2012 , 07:52:11 am | Posted By CASANSAAR
XBRL is a global standard for easy exchange of business information between different government departments and regulators under which financials are filed in a XBRL syntax as an .xml file instead of uploading the records in .doc or pdf format.
"This is a welcome move by the MCA ...
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Corporate Law |
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Non-Availability of LLP Services for 10 days from 1st June, 2012 - MCA
Posted Date : 01-Jun-2012 , 07:36:41 am | Posted By CASANSAAR
Ministry of Corporate Affairs
Government of India
Dear Corporates,
In Our Continued Endeavor To Enhance The Services To Stakeholders, MCA Announces Launch Of Upgraded LLP Registry From 11th June 2012.
Stakeholders- Will Now Have Facility Of Online Payment From A...
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Corporate Law |
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Reebok case probe widens, KPMG may come under scanner
Posted Date : 01-Jun-2012 , 07:32:22 am | Posted By CASANSAAR
Law enforcement agencies looking into the alleged financial irregularities at the Indian arm of Adidas AG’s Reebok unit are set to widen their probe to include audit firm KPMG India.
Maheshwar Dayal, deputy commissioner of police, Gurgaon (east), and a corporate affairs ministry official with...
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Corporate Law |
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MCA sets up committee on investor issues
Posted Date : 31-May-2012 , 07:29:37 am | Posted By CASANSAAR
The ministry of corporate affairs (MCA) has set up an experts committee under the chairmanship of Jaydeep N Shah, president of the Institute of Chartered Accountants of India (ICAI), for following up action points on several issues associated with investor education and grievances redressa...
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Corporate Law |
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Guidelines for Declaring a Financial Institution as Public Financial Institution Under Section 4a of the Companies Act, 1956
Posted Date : 30-May-2012 , 07:51:58 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has after giving due consideration decided that any Financial Institution applying for declaration as PFI shall fulfil the following criteria:- (a) A company or corporation should be established under a special Act or the Companies Act, 1956 being a central act...
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Corporate Law |
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MCA refers Reebok fraud case to SFIO
Posted Date : 29-May-2012 , 01:38:54 pm | Posted By CASANSAAR
Corporate Affairs Minister Veerappa Moily today said "something wrong" has been found in the books of Reebok India, which has accused two of its former top executives of a Rs 870-crore fraud.
The minister also said the matter has now been referred to the Serious Fraud Investigation Office (...
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Corporate Law |
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Reebok India: Corporate Affairs Ministry orders scrutiny of books
Posted Date : 23-May-2012 , 10:33:03 pm | Posted By CASANSAAR
The Corporate Affairs Ministry today ordered a scrutiny of the books of accounts ofsportswear maker Reebok's Indian arm over complaints of an alleged Rs 870-crore fraud. "We have ordered an enquiry under section 234 of the Companies Act, which is a non-invasive scrutiny. The Regi...
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Corporate Law |
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