Lok Sabha passes Companies Act amendment Bill 2014
Posted Date : 17-Dec-2014 , 05:26:03 pm | Posted By CASANSAAR
The Lok Sabha on Wednesday passed the Companies amendment Bill, 2014, which provides for severe punishment for those raising illegal deposits from the public.
The Union Cabinet had approved the amendments earlier this month.
Under the new norms proposed, the paid-up capital criteria has been scrap...
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Corporate Law |
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Govt not to change 20 Companies per Auditor Rule
Posted Date : 17-Dec-2014 , 05:12:33 pm | Posted By CASANSAAR
The corporate affairs ministry has ruled out changing aCompanies Act provision prohibiting an auditor from handling the books of more than 20 companies in a year. This provision would not be changed, said an official.
The new Companies Act says a person shall not be e...
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Corporate Law |
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Illustrative Audit Engagement Letter under Companies Act, 2013 - ICAI
Posted Date : 17-Dec-2014 , 03:08:13 pm | Posted By CASANSAAR
FOR THE ATTENTION OF THE MEMBERSILLUSTRATIVE FORMATS OF THE ENGAGEMENT LETTER FOR AUDIT OF FINANCIAL STATEMENTS UNDER THE COMPANIES ACT, 2013 AND THE RULES THEREUNDER
The Auditing and Assurance Standards Board is issuing the following illustrative formats for engagement letter for audit...
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Corporate Law |
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Companies law amendment bill introduced in Lok Sabha
Posted Date : 12-Dec-2014 , 09:08:33 pm | Posted By CASANSAAR
The government Friday introduced a bill in the Lok Sabha to amend the companies law.
The Companies (Amendment) Bill 2014 was introduced by Finance Minister Arun Jaitley.
There are as many as 14 changes proposed in various provisions of the companies law passed b...
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Corporate Law |
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Delhi HC says tax data of private firms exempt from disclosure under RTI
Posted Date : 10-Dec-2014 , 08:34:08 am | Posted By CASANSAAR
The Delhi high court in a recent order said that tax information of private limited companies is confidential data and exempt from disclosure under the Right To Information (RTI) Act. Currently, individuals are exempt from such disclosure, and the ruling extends the definition of individual in this ...
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Corporate Law |
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Month-Wise Registration of Companies during first five months of 2013-14 and 2014-15 - MCA
Posted Date : 09-Dec-2014 , 09:35:11 pm | Posted By CASANSAAR
The number of companies registered during the first five months of this financial year (2014-15) was 21,260, as against 43,601 companies registered during the corresponding period of the previous year. Month-wise registration of companies is indicated in the Table below:
Table
Number of Companies ...
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Corporate Law |
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Companies (Amendment) Bill, 2014
Posted Date : 02-Dec-2014 , 10:40:03 pm | Posted By CASANSAAR
The Union Cabinet, chaired by the Prime Minister ShriNarendra Modi, today approved the introduction of the Companies (Amendment) Bill, 2014 in Parliament to make certain amendments in the Companies Act, 2013.
The Companies Act, 2013 (Act) was notified on 29.8.2013. Out of 470 s...
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Corporate Law |
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Cabinet tweaks Companies Act, relaxes norms for doing business
Posted Date : 02-Dec-2014 , 10:38:10 pm | Posted By CASANSAAR
Within months of the new Companies Act coming into force, the government today cleared a slew of changes to this law to make it easier for corporates to do business and to ensure severe punishment for those raisingillegal deposits from the public.
This would be among the first major initiat...
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Corporate Law |
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SFIO probed 17 firms for corporate frauds in FY15 so far - FM
Posted Date : 02-Dec-2014 , 07:31:52 pm | Posted By CASANSAAR
As many as 17 firms have been probed by the government's investigation arm the Serious Fraud Investigation Office (SFIO) for corporate frauds in the current financial year so far, the Parliament was informed by Corporate Affairs Minister Arun Jaitley.
With this, a total of 81 companies h...
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Corporate Law |
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Over 275 independent directorships vacant at NSE-listed Companies
Posted Date : 26-Nov-2014 , 07:56:50 am | Posted By CASANSAAR
As many as 277 independent directorship positions have fallen vacant in NSE-listed firms since February, when Sebidecided to restrict the number of companies such directors can serve. Further, six independent directorship positions need to be vacated in NSE-listed companies to comply with ...
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Corporate Law |
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Expert Committee to Review E-Forms Under the Companies Act
Posted Date : 26-Nov-2014 , 07:43:43 am | Posted By CASANSAAR
Expert Committee Constituted to Review E-Forms in order to Simplify Procedures for Stakeholders Under the Companies Act
The Government has recently constituted an Expert Committee to review e-forms and other overall filing process, in order to simplify procedures for sta...
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Corporate Law |
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Achhe Din for Professionals - Govt set to iron out thorny provisions in Companies Act
Posted Date : 21-Nov-2014 , 08:06:44 am | Posted By CASANSAAR
Amid its efforts to improve ease of doing business in the country, the government has decided to revisit rules related to the Companies Act, 2013, by doing away with or amending several provisions which were considered harsh by industry & Professionals.
According to the proposal floated...
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Corporate Law |
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Peak Filing Preparation 2013-2014 - MCA 21
Posted Date : 07-Nov-2014 , 07:32:41 pm | Posted By CASANSAAR
As you are aware it is time of peak filing of Balance Sheet & Annual Return under the Companies Act. To avoid last minute rush and system congestion on the MCA 21 portal on account of filings under the Company Law Settlement Scheme, 2014 ending on 15.11.2014 and annual filings during Novemb...
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Corporate Law |
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Corporates to pump in Rs 14,000 cr towards CSR in 2014-15: FM
Posted Date : 05-Nov-2014 , 08:17:34 am | Posted By CASANSAAR
Finance Minister Arun Jaitley today said companies are expected to pump in as much as Rs 14,000 crore for Corporate Social Responsibility (CSR) activities in 2014-15 and the amount will be increasing in subsequent years.
“… CSR alone in its very first year is going to contribut...
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Corporate Law |
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MCA set up an internal committee to review e-Forms as well as the overall filing process to simplify procedures
Posted Date : 05-Nov-2014 , 08:13:39 am | Posted By CASANSAAR
To ease doing of business, Corporate Affairs ministry has set up an internal committee to review e-Forms as well as the overall filing process to simplify procedures under the new companies law.
Modi government is taking a number of steps to make it easier to do business in India. The compa...
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Corporate Law |
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Contributions to Swachh Bharat, Clean Ganga come under CSR ambit
Posted Date : 27-Oct-2014 , 07:56:00 am | Posted By CASANSAAR
Corporate contributions towards Narendra Modi-led Government’s two key initiatives of Swachh Bharat and Clean Ganga will now be counted as CSR spend.
The Corporate Affairs Ministry has amended Schedule VII of Companies Act to specify that contributions to ‘Swachh Bharat Kosh&rsq...
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Corporate Law |
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Directors can be held liable for dishonour of cheque, rules SC
Posted Date : 21-Oct-2014 , 08:44:12 am | Posted By CASANSAAR
The Supreme Court has said that all directors involved in the day-to-day running of a company can be made liable for a bounced cheque, but not one who resigned before the cheque was issued. The top court said this while dealing with a case filed by a private company that had lent money to another.&n...
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Corporate Law |
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Companies may need more guidance on internal financial control reporting - ICAI
Posted Date : 21-Oct-2014 , 08:10:04 am | Posted By CASANSAAR
The apex body of chartered accountants ICAI today said companies, too, would be looking up to the Corporate Affairs Ministry for guidance on the rule that statutory auditors should disclose details about a company's internal financial controls. Under the new companies law -- being implemented b...
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Corporate Law |
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MCA not extended Date of GNL-2 for filling of ADT-1
Posted Date : 17-Oct-2014 , 08:58:36 am | Posted By CASANSAAR
Company Law Settlement Scheme, 2014 has now been extended till 15 Nov.2014 vide circular no. 40/2014 dated 15th october 2014.
There is heavy congestion on MCA site as it has capacity of routine pressure and not peak filing and due to which filing system of MCA failed and MCA has extended th...
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Corporate Law |
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Company Law Settlement Scheme, 2014 has now been extended till 15 Nov
Posted Date : 15-Oct-2014 , 11:38:48 pm | Posted By CASANSAAR
Company Law Settlement Scheme, 2014 has now been extended till 15 Nov.2014 vide circular no. 40/2014 dated 15th october 2014....
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Corporate Law |
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Amendment in Companies (Accounts) Rules, 2014,
Posted Date : 14-Oct-2014 , 09:33:42 pm | Posted By CASANSAAR
In exercise of the powers conferred by sub-sections (1) and (3) of section 128, sub-section (3) of section 129, section 133, section 134, sub-section (4) of section 135, sub-section (1) of section 136, section 137 and section 138 read with section 469 of the Companies Act, 2013 (18 of 2013), the Cen...
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Corporate Law |
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Amendment in Companies (Audit and Auditors) Rules, 2014
Posted Date : 14-Oct-2014 , 09:16:24 pm | Posted By CASANSAAR
In exercise of powers conferred by sub-sections (1), (2) and (4) of section 139, sub-sections (1) and (2) of section 140, sub-section (3) of section 141, sub-sections (2), (3), (8) and (12) of section 143, sub-section (3) of section 148 read with sub-sections (1) and (2) of section 469 of the Compan...
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Corporate Law |
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Golden Opportunity - CASANSAAR offers 20% Discount on Website Development on the Occasion of New Web Office
Posted Date : 13-Oct-2014 , 12:17:01 pm | Posted By CASANSAAR
On the Occasion of New Web Office, CASANSAAR offers its users a Discount of 20% on Website Development.
- You can now get your Professional Website developed on discounted Prices of Rs. 2500/- with 2 email id's having space of 2GB Each.- This offer is only for CA/CS/CMAs and for there own /...
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Corporate Law |
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MCA to prescribe road map for companies to adopt new account norms next week
Posted Date : 13-Oct-2014 , 08:10:23 am | Posted By CASANSAAR
The transition to a new framework for both financial reporting and tax reporting purposes will be a big change for companies and analysts say it may not be that smooth."Companies should start assessing the impact of Ind-AS adoption on their business, financial reporting, systems and processes, train...
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Corporate Law |
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Court issues summons to Ramalinga Raju, others in SEBI case
Posted Date : 13-Oct-2014 , 07:53:29 am | Posted By CASANSAAR
An economic offences court here has issued summonses to Satyam Computer Services founder Ramalinga Raju, his brother Rama Raju and three former senior executives among others, to appear before it on November 13 in connection with complaints by capital market regulator SEBI. Based...
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Corporate Law |
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Incorporation of one-person companies sees spurt since April
Posted Date : 13-Oct-2014 , 07:52:16 am | Posted By CASANSAAR
The new Companies Act has made it legal to set up a company with just one director, limiting the liability of a business owner to the assets of the firm, unlike the alternative sole proprietorship model where an owner is personally liable for business debt.
Data from the corporate affairs ministry ...
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Corporate Law |
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Govt to look into People's concerns on Flipkart's massive discount sale
Posted Date : 08-Oct-2014 , 09:17:07 pm | Posted By CASANSAAR
After receiving many complaints from traders on Flipkart's massive discount sale, Government today said it will look into the concerns and take a call on whether more clarity is required on e-commerce retail business. Speaking to reporters on the sidelines of a function in New Delhi Commerce an...
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Corporate Law |
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Registration of companies declines 50 per cent on compliance norms
Posted Date : 07-Oct-2014 , 08:14:27 am | Posted By CASANSAAR
The registration of companies has halved in the first five months of this financial year, with some analysts blaming it on cumbersome compliance requirements of the new companies act. The number of companies that were registered in April-August fell to 21,260 from 43,000 a year earlier, accordi...
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Corporate Law |
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Access your Provident Fund account online from Oct 16
Posted Date : 06-Oct-2014 , 09:04:43 am | Posted By CASANSAAR
Nearly 50 million members of Employees' Provident Fund Organisation (EPFO) will be able to access their PF accounts online on real time basis by mid-October, an official said Sunday.
EPFO subscribers would be able to access their permanent or universal account numbers (UANs) through a dedic...
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Corporate Law |
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Corporate Affairs Min says simplifying procedures under new cos law
Posted Date : 04-Oct-2014 , 08:58:48 am | Posted By CASANSAAR
Making efforts to ensure smooth implementation of the new companies law, the Ministry of Corporate Affairs is working on simplifying procedures by way of notifications and circulars.
The Companies Act, 2013 – that replaces the nearly six-decade old law governing corporates in the coun...
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