NCLT benches to become functional in next few days: MCA
Posted Date : 03-Jun-2016 , 08:04:14 am | Posted By CASANSAAR
All the 11 benches of the newly constituted National Company Law Tribunal (NCLT) will be fully functional in next "couple of days", a top Corporate Affairs Ministry (MCA) official said.
Infrastructure is ready in all the ten cities where the NCLT benches are being set up. Th...
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MCA cracking down on those who are directors at more than 20 companies
Posted Date : 17-May-2016 , 06:44:59 am | Posted By CASANSAAR
The ministry of corporate affairs (MCA) is cracking down on those who are directors at more than 20 companies and has asked Registrar of Companies officials to start legal action against those exceeding the limit. Interestingly, four persons hold directorships in more than 100 firms each.
A...
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MCA |
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MCA regional directors get more powers under companies law
Posted Date : 09-May-2016 , 08:44:28 am | Posted By CASANSAAR
To reduce procedural requirements, the Ministry of Corporate Affairs (MCA) has given more powers to its regional directors with respect to scrutinising firms suspected of violating companies law.
The move comes at a time when the ministry is bolstering efforts to curb corporate misdoings by imp...
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MCA acts against 169 Cos for not having women directors
Posted Date : 30-Apr-2016 , 07:58:37 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has initiated prosecutions against 169 companies for failure to appoint at least one woman director on their boards.
Certain class of listed and unlisted firms are required to have at least one woman director on their boards under the Companies Act, 2013 --...
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MCA filed prosecution against 107 listed companies
Posted Date : 27-Apr-2016 , 09:07:44 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has filed prosecution against 107 listed companies under various sections of the Companies Act.
The prosecution has been filed under the Companies Act 1956 and Companies Act 2013, Corporate Affairs Minister Arun Jaitley said.
In a written r...
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MCA might deduct payments to Infosys for poor management of MCA21 portal
Posted Date : 27-Apr-2016 , 08:57:33 am | Posted By CASANSAAR
With problems continuing in using the MCA21 portal, the Corporate Affairs Ministry might deduct payments to IT major Infosys, which expects the situation to be normal in the next few weeks.
Infosys, which is managing MCA21, has been facing flak from different quarters on the woes pertaining to ...
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Govt exempts housing finance cos from XBRL filings
Posted Date : 11-Apr-2016 , 07:43:31 am | Posted By CASANSAAR
Providing relaxation for housing finance companies, the Corporate Affair Ministry has exempted such entities from filing financial statements in XBRL format.
XBRL, or Extensible Business Reporting Language, provides a common, electronic format for business reporting.
In a recen...
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MCA |
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FTIL- NSEL merger: MCA says 96% objections Orchestrated
Posted Date : 15-Feb-2016 , 07:46:43 am | Posted By CASANSAAR
As a face-off continues between Jignesh Shah-led FTIL and Corporate Affairs Ministry over NSEL merger, the government in its final order has said that over 96 per cent of the objections received on the proposed amalgamation prima-facie were “orchestrated and concerted”.
In a first-e...
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India has more than 15 lakh registered companies but only 10.7 lakh of them were Active - MCA
Posted Date : 08-Feb-2016 , 08:12:50 am | Posted By CASANSAAR
The country has more than 15 lakh registered companies but only 10.7 lakh of them were active at the end of 2015, according to official data.
Against the backdrop of the government working on ways to improve the ease of doing business, the total number of companies registered in the country...
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0 | Hits : 560
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Ministry of Corporate Affairs sets up Central Registration Centre (CRC) on Republic Day
Posted Date : 25-Jan-2016 , 08:02:48 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has taken the initiative in Government Process Re-engineering (GPR) and launched the Central Registration Centre (CRC), on the occasion of Republic Day 2016, with the specific objective of providing speedy incorporation related services within stipulated time frames...
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CSR fund should not be financing source for government schemes: MCA
Posted Date : 15-Jan-2016 , 08:47:55 am | Posted By CASANSAAR
Companies' CSR funds should not be used as a source of funding government schemes, the Ministry of Corporate Affairs (MCA) has said, adding that such spending should have a larger multiplier effect.
Allaying concerns in certain quarters that compulsory CSR spending under the Companies A...
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Highlights of the Achievements of Ministry of Corporate Affairs
Posted Date : 18-Dec-2015 , 07:30:10 pm | Posted By CASANSAAR
The major highlights of the achievements of the Ministry of corporate Affairs in the current fiscal year is as follows:
The Companies (Amendment) Act, 2015 [21 of 2015] has been published in the Gazette on 26th May, 2015, and is also available on the Ministry’s website....
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MCA |
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MCA to soon introduce a new version of Form INC29
Posted Date : 12-Dec-2015 , 08:56:16 am | Posted By CASANSAAR
Time taken for registration of a company cut by 50% as a part of ‘ease-of-doing business’ effort by the Ministry of Corporate Affairs; Ministry to soon introduce a new version of Form INC29 incorporating suggestions received from the stakeholders allowing up to 5 directors to be appointe...
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Govt investigating over 2,000 people flagged by MCA
Posted Date : 16-Nov-2015 , 07:40:10 am | Posted By CASANSAAR
The income tax department has started investigating the 2,627 people who are directors on board of more than 20 companies, and were flagged by the ministry of corporate affairs as violators of the Companies Act 2013.
The corporate affairs ministry had shared the details regarding these individual...
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MCA asks companies to submit annual filings on time
Posted Date : 03-Oct-2015 , 08:21:29 am | Posted By CASANSAAR
To ensure that there is no last-minute congestion on its e-filing portal, the Ministry of Corporate Affairs (MCA) has asked companies to submit their financial statements and annual returns at the earliest.
The Ministry's message assumes significance as this would also be the first year...
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MCA modified New version of Forms w.e.f 01st August 2015
Posted Date : 01-Aug-2015 , 07:49:21 am | Posted By CASANSAAR
Version of Forms Form 20B, Form 23AC, Form 21A, Form 23ACA, Form 66, Form 23ACA (XBRL), Form 4 LLP, Form FC-4, Form 23B, Form FC-1, are modified w.e.f 1st Aug 2015....
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MCA allows filing of Unaudited Accounts of foreign subsidiaries with ROC
Posted Date : 27-Jul-2015 , 08:46:42 am | Posted By CASANSAAR
The Corporate Affairs Ministry (MCA) has relaxed the norms requiring Indian companies with overseas subsidiaries to file ‘audited’ financial statements of such foreign subsidiaries with the Registrar of Companies (RoC) in India.
After consulting with the CA institute, the Ministry h...
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MCA to notify threshold and rules for flagging Corporate Frauds
Posted Date : 23-Jun-2015 , 06:21:42 am | Posted By CASANSAAR
Auditors of companies may soon be required to alert the authorities in case of any fraud involving a sum of at least Rs 1 crore or 10% of a company's turnover. This mandatory reporting is part of an early warning system being put in place by the government to prevent recurrence of a Satyamlike a...
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Companies are no longer required to file e-form INC-21 with ROC - MCA
Posted Date : 05-Jun-2015 , 08:05:45 am | Posted By CASANSAAR
Companies are no longer required to file e-form INC-21 with ROC - MCA
The requirement of filing declaration by a company before commencement of business or exercising its borrowing powers has been dispensed with under the Companies (Amendment) Act, 2015. Accordingly companies are no longer requir...
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Major Initiatives and Achievements of the Ministry of Corporate Affairs in the Last One Year
Posted Date : 29-May-2015 , 08:13:43 am | Posted By CASANSAAR
Following are the major initiatives and achievements of the Ministry of Corporate Affairs in the last one year.
Furthering ease of doing business - Companies Act, 2013:
16 amendments in the Companies Act, 2013 approved by the Parliament – these amendments a...
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Service of MCA Portal will not be available on 14-03-2015
Posted Date : 13-Mar-2015 , 08:41:58 am | Posted By CASANSAAR
Services on MCA (www.mca.gov.in) portal will not be available from 08:00 AM to 06:00 PM on Saturday, 14th March 2015. We regret the inconvenience caused and request the stakeholders to plan accordingly.- MCA
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Name of top ten companies in india by value of assets
Posted Date : 10-Mar-2015 , 08:42:09 pm | Posted By CASANSAAR
The names of top ten companies in descending order, in terms of their assets as on 31.03.2014, from among the 4,15,886 companies that filed their Balance Sheets for the year 2013-14 till 30.11.2014 is given in the Table. The total reported value of the assets of all the 4,15,886 companies was R...
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