Open a Bank account through MCA portal.
Posted Date : 18-Nov-2011 , 05:05:35 pm | Posted By CASANSAAR
MCA offers one more innovative service.
Now you can open a bank account with participating banks.
Andhra Bank
Kotak Mahindra Bank
Click here for more details
http://mca.gov.in/MCA21/corporate_bank_acc.html__._,_.___
Ministry of Corporate Affairsmca.gov.in
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Corporate Law |
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Important message on Annual Filing
Posted Date : 29-Oct-2011 , 10:30:37 pm | Posted By CASANSAAR
Dear Corporates please note that Companies having last date of Annual Filling as October 30th 2011 can file on October 31, 2011also without any additional fee, on account of Oct 30th 2011 being a Sunday.
File before October 31st Midnight and save additional fee
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Corporate Law |
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Cabinet to take up Companies Bill on October 25
Posted Date : 25-Oct-2011 , 08:26:28 am | Posted By CASANSAAR
Corporate Affairs Minister Veerappa Moily on Monday said the new Company Law Bill is likely to come up before the Cabinet for approval on Tuesday."The bill is likely to come tomorrow in the Union Cabinet. I hope it gets passed," Moily told reporters here. The Bill has already been vetted by the Parl...
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Corporate Law |
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Ashok Chawla takes oath as New Chairman of CCI
Posted Date : 21-Oct-2011 , 08:03:35 am | Posted By CASANSAAR
Shri Ashok Chawla today took oath as New Chairman of the Competition Commission of India. He was administered the oath of the office by Union Corporate Affairs Minister Dr. M. Veerappa Moily in his Office. Shri Chawla has been the former Finance Secretary to the Govt. of India and has succeeded Shri...
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Corporate Law |
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Cos need not maintain 2 account books: FinMin proposal
Posted Date : 18-Oct-2011 , 08:09:58 am | Posted By CASANSAAR
Companies wanting to migrate to international auditing norms, IFRS, may be spared from maintaining two books of accounts - one under the Companies Act and the other for taxation purposes, if a Finance Ministry proposal gets implemented.
The proposal, which was floated in a Discussion Paper on Tax...
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Corporate Law |
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MCA in favour of corporate governance index
Posted Date : 17-Oct-2011 , 08:48:39 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs today said it is in favour of introducing a corporate governance index that will offer rankings to companies adopting governance standards.
"I would like to introduce a corporate governance index and am working on an award scheme for corporates," Corporate Affair...
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Corporate Law |
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Mahindra Satyam can deposit nominee directors' salaries in Treasury: CLB
Posted Date : 14-Oct-2011 , 03:05:22 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has suggested that Satyam Computer deposit the salary of directors nominated to its board by the Government after a multi-crore accounting fraud was exposed at the IT firm in the Government treasury.
Filing a reply before the Company Law Board, the Ministry of Co...
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Corporate Law |
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MCA confident of meeting deadline for XBRL filing
Posted Date : 13-Oct-2011 , 08:37:16 am | Posted By CASANSAAR
The ministry of corporate affairs (MCA) is expected to meet its 30 November deadline of making 30,000 companies file their income statements and balance sheets in eXtensible Business Reporting Language (XBRL) format—a computer language for reporting financial statements.
The deadlin...
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Corporate Law |
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Second Round of Consultations on the Revised Version of National Competition Policy Begins Tomorrow
Posted Date : 21-Sep-2011 , 05:36:52 pm | Posted By CASANSAAR
The Second round of consultations on the revised version of National Competition Policy will held tomorrow at FICCI, Federation House, Tansen Marg, New Delhi. The Union Minister for Corporate Affairs Dr. M.Veerappa Moily will chair the consultations. The consultations are a sequel to the consti...
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Corporate Law |
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XBRL: Accounting giants on backfoot
Posted Date : 21-Sep-2011 , 08:22:00 am | Posted By CASANSAAR
In what could come as a major blow to the big four accounting firms, companies filing their financial records and returns in XBRL —(extensible business reporting language)—a computer language for reporting financial statements—may be exempted from getting a certification on the s...
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Corporate Law |
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Public procurement policy, companies Bills likely in winter session
Posted Date : 21-Sep-2011 , 08:05:02 am | Posted By CASANSAAR
This winter session of Parliament will see important Bills coming up for clearance to bring in transparency in procurement of raw materials in the government sector and efficiency in corporate governance.
The Government will introduce the Public Procurement Policy and the Company Law Bill in the ...
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Corporate Law |
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Cabinet to take up new Companies Bill soon: Moily
Posted Date : 12-Sep-2011 , 07:11:48 pm | Posted By CASANSAAR
Corporate Affairs Minister Veerappa Moily today said the Union Cabinet will take up the New Companies Bill for approval within the next fortnight and expressed hope that it will be passed by Parliament before the end of this year.
"The final draft of the New Companies Bill is ready and it h...
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Corporate Law |
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Centre to move ahead with Companies Bill
Posted Date : 10-Sep-2011 , 09:04:34 am | Posted By CASANSAAR
As part of its effort to showcase its commitment to transparency and accountability, the government has decided to move forward with the Companies Bill, 2011. The Prime Minister's Office has stepped in asking the corporate affairs ministry to move ahead with the proposed legislation. The governme...
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Corporate Law |
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Total No. of Defunct Companies
Posted Date : 08-Sep-2011 , 07:27:22 pm | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that the total number of defunct companies, (those that have not filed their Annual Returns and Balance Sheets for the last three consecutive years or more) as per MCA records is 1,62,144.Total ...
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Corporate Law |
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Companies of Baba Ramdev
Posted Date : 08-Sep-2011 , 07:24:30 pm | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the LokSabha that as per latest information available, no company with Baba Ramdev as Director is registered in the country. However, 34 companies are registered in the country wit...
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Corporate Law |
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Under Staffing in Competition Commission of India Question
Posted Date : 05-Sep-2011 , 07:14:02 pm | Posted By CASANSAAR
Out of the 156 posts sanctioned for the Competition Commission of India (CCI) and 41 posts sanctioned for Director General, CCI, 77 and 25 posts, respectively, are lying vacant. Till date, CCI has decided 102 cases, out of total number of 194 cases/information received by it under various secti...
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Corporate Law |
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Expenditure on Corporate Social Responsibility
Posted Date : 05-Sep-2011 , 07:13:20 pm | Posted By CASANSAAR
The Government has not made it compulsory for every company to have a policy for Corporate Social Responsibility (CSR). However, the Department of Public Enterprises has issued comprehensive CSR guidelines for Central Public Sector Enterprises in April, 2010 wherein these enterprises, except those m...
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Corporate Law |
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Functioning of Independent Directors
Posted Date : 30-Aug-2011 , 07:24:52 am | Posted By CASANSAAR
The concept of Independent Director has been proposed in the Companies Bill, 2009. Clause 147 of the Bill, provides for duties of directors which include the duty to act in good faith in best interest of company, to act with due and reasonable care, skill and diligence, to avoid any conflict of inte...
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Corporate Law |
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New Companies Act
Posted Date : 26-Aug-2011 , 07:55:54 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that keeping in view the developments taking place nationally as well as internationally and with a view to modernize the structure for corporate sector through enlightened regulation, a decisio...
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Corporate Law |
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Salaries of Chief Executives
Posted Date : 26-Aug-2011 , 07:54:32 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that the Companies Act, 1956 has prescribed a ceiling on the remuneration of chief executive officers (CEOs) of companies . The total managerial remuneration to be paid to a Board level CEO...
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Corporate Law |
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Foreign Companies in India
Posted Date : 26-Aug-2011 , 07:53:05 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabhathat 820 foreign companies have been registered during the last three years.
&nbs...
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Corporate Law |
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Vanishing Companies
Posted Date : 26-Aug-2011 , 07:51:42 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabhathat 238 Companies have been identified as vanishing companies.
Compan...
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Corporate Law |
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Corporate Social Responsibility
Posted Date : 12-Aug-2011 , 08:09:41 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that the Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises have issued comprehensive guidelines on Corporate Social Responsibility (CSR) for Central Public ...
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Corporate Law |
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More powers to Serious Fraud Investigation Office under the new Companies Bill: M Veerappa Moily, Minister of Corporate Affairs
Posted Date : 11-Aug-2011 , 03:13:16 pm | Posted By CASANSAAR
More powers to Serious Fraud Investigation Office under the new Companies Bill: M Veerappa Moily, Minister of Corporate Affairs He maintained that SFIO had filed 39 cases and all have gone in its favour. "We need to strengthen it by giving it powers of arrest, raid and seizure."
Governme...
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Corporate Law |
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Misuse of Public Issue Funds by Companies
Posted Date : 09-Aug-2011 , 08:12:55 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs today informed the Rajya Sabha that such complaints relate to misuse of public issue funds by way of diversion of funds, non-fulfillment of terms and conditions for the completion of the projects as per the time schedule given in the prospec...
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Corporate Law |
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Ministry of corporate affairs may levy annual duty on registered companies
Posted Date : 05-Aug-2011 , 11:36:22 am | Posted By CASANSAAR
The ministry of corporate affairs (( MCA)) is contemplating introducing an annual charge on all registered companies in the new Companies Bill with the twin aim of boosting its revenue and creating a system to track companies. The charge will most likely be based on the capital size of the com...
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Corporate Law |
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Video Conferencing for AGMs
Posted Date : 05-Aug-2011 , 07:34:20 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has recognized participation by shareholders in the Annual General Meetings under the Companies Act, 1956 for all companies through video conference. Vide Circular dated 06.06.2011 issued by the Ministry, it is proposed to be mandatory for all listed companies for f...
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Corporate Law |
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Naved Masood takes over as new Secretary, Ministry of Corporate Affairs
Posted Date : 01-Aug-2011 , 04:36:44 pm | Posted By CASANSAAR
Sh. Naved Masood, IAS (UP:77) has taken over as new Secretary in the Ministry of Corporate Affairs here today. Prior to it he was Special Secretary and Financial Advisor, Department of Health and Family Welfare in the Ministry of Health and Family Welfare. Sh. Masood replaces Sh. D.K.Mittal IAS (UP:...
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Corporate Law |
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Ministry of Corporate Affairs Releases Draft National Competition Policy for India
Posted Date : 30-Jul-2011 , 07:16:13 am | Posted By CASANSAAR
The Ministry of corporate Affairs has today released the Draft National Competition Policy for India for discussion among the masses and create awareness in this regard. The Policy is as under:
National Competition Policy Statement of the Government of India
Click here to see more...
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Corporate Law |
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Procedure for Obtaining Confirmation of Shifting of Registered Office From one State to Another State Under Section 17 of the Companies Act, 1956 Simplified
Posted Date : 28-Jul-2011 , 07:12:02 am | Posted By CASANSAAR
In order to simplify the procedures and cut timelines, the Ministry has decided to notify section 8 of the Companies (Second Amendment) Act, 2002 (1) of 2003 thereby the work relating to confirmation of shifting of registered office from one state to another state and consequent alteration to Memora...
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