In continuation to the General Circular No. 42/2014, the last date of filing of Form CM-2 withoutany penalty/late fee is hereby extended upto 31st March.2015....

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Category : Corporate Laws | Comments : 0 | Hits : 445

COMPANIES (APPOINTMENT AND QUALIFICATION OF DIRECTORS) AMENDMENT RULES, 2015 - AMENDMENT IN RULE 16 NOTIFICATION [F.NO. 01/9/2013-CL.V(PART-II)],DATED 19-1-2015 In exercise of the powers conferred by the second proviso to sub-section (1), sub-section (4) and clause (f) of sub-section (6) of section 149, sub-sections (3) and (4) of section 150, section 151, sub-section (5) of section 152, section 153, section 154, section 157, section 160, sub-section (1) of section 168 and section 170 read w...

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COMPANIES (CORPORATE SOCIAL RESPONSIBILITY POLICY) AMENDMENT RULES, 2015 - AMENDMENT IN RULE 4 NOTIFICATION [F.NO. 1/18/2013-CL-V-PART],DATED 19-1-2015 In exercise of the powers conferred under section 135 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Corporate Social Responsibility Policy) Rules, 2014, namely:— 1.(1) These rules may be called the Companies (Cor...

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Notification dated 09.01.2015: Notification authorizing officers for filing complaint under section 159 read with section 155 of the Companies Act, 2013...

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To be published in the Gazette of India Extraordinary Part-I, Section (I) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice 80 / (RE-2013)/2009-2014 Dated the 06 January, 2015 Subject: Online IEC applications: Postponement of the date of operationalisation of Public Notice No. 76 dated the 27th of November, 2014 In exercise of powers conferred underparagraph 2.4of theForeign Trade Policy (2009-2014), the Director Gene...

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Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan, New Delhi-110011 Policy Circular No.15 (RE-2013)/2009-2014 Dated the 31st December, 2014 To All Regional Authorities Subject: Guidelines for Regional Authorities (RAs) to process Online IEC Applications The following guidelines are laid down as instructions for the Regional Authorities to process Online IEC Applications: Part A: General Information: 1. Fro...

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MCA has notified the much awaited amendments to Cost Rules. Cost Records applicable if turnover exceeds Rs.35 cr. Cost Audit applicability if turnover exceeds Rs.50 Cr (Regulated Industry), Rs.100 Cr. (Others). Refer Detailed Notification at: http://www.mca.gov.in/Ministry/pdf/Amendment_Rules_01012014.pdf...

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Circular No.: 990/14/2014-CX-8 F. No. 267/72/2013-CX.8 (Pt) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs ************* New Delhi, the 19thof November, 2014 To, Principal Chief Commissioners/Chief Commissioners of Central Excise (All) Principal Chief Commissioners/Chief Commissioners of Central Excise of Central Excise & Customs (All) Director General, Directorate General of Central Excise Intelligence Principal Commissioners/...

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The State of Jammu and Kashmir faced unprecedented floods, particularly in the Kashmir valley in September 2014. Kashmir Chamber of Commerce and Industry and others have represented that due to the devastation caused by the floods, companies registered inthe State could not convene AGMS for the financial year 2013-2014 within the stipulated time as required under the provisions of Companies Act, 2013....

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In continuation to the Ministry's General Circular No.34/2014 datedl2.Oa.2OI4 arrd 4O/2O14 dated 15/1Ol2O14 on t}te subject cited above, tlisMinistry has, on consideration of requests received from various stakeholders,has decided to extend the Company Law Settlement Scheme (CLSS 2014) upto 31"t December. 2014...

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MCA extends due date of e-filing of new form for notice of appointment of cost auditor to January 31, 2015.General Circular 42, dated 12.11.2014: Clarification on matters relating to the Companies(Cost Records and Audit) Rules,2014...

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G.S.R.-In exercise of the powers conferred by section 642 read withsub-section (2) of section 6374. ofthe Companies Act, 1956 (1 of 1956) andthe removal of difficulty Orders issued by the Central Governm€nt undersection 470 of t}Ie Companies Act, 2013, the Central Govemment herebymakes the following rules further to amend the Company Law Board (Feeson Applications and Petitions) Rules, 1991 namely...

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In exercise of the powers conferred by sub-section (1) of section 467 ofthe Companies Act, 2013 (18 of 2013), the Central Government hereby makes thefollowing further amendments to Schedule Vll of the said Act, namely:- (i) In item (i), after the words "and sanitation", the words "includingcontribution to the Swach Bharat Kosh set-up by the Central Government forthe promotion of sanitation" shall be inserted; (ii) In item (iv), after the words "and water", the words "including contribution...

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Form ADT-1 is available for filing w.e.f 20th Oct 2014.ADT-1 should not be filed as attachment to Form GNL-2.Versions of forms 21A and INC-2 have been modified w.e.f 20th Oct. You are requested to plan accordingly. Provide whether company isfalling underany classof Companiesas perSection 139(2). WhetherJointAuditorshave beenappointed– Provide Whether joint auditors have been appointed. If yes isselectedthen provide the value forNumberof auditor(s) appointed shall be greater than 1....

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RBI/2014-15/266A.P. (DIR Series) Circular No.36 October 16, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) - Compounding of Contraventions under FEMA, 1999 Attention of all the Authorised Dealer Category - I (AD Category - I) banks and their constituents is invited toA.P. (DIR Series) Circular no. 117 dated April 4, 2014and the Foreign Exchange (Compounding Proceed...

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General Circular 41, dated 15.10.2014: Company Law Settlement Scheme, 2014 (CLSS-2014) - Clarification u/s 164(2) of the Companies Act, 2013...

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Company Law Settlement Scheme, 2014 has now been extended till 15 Nov.2014...

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Government has received representations from stakeholders seekingclariflcations on the manner of presentation of notes in Consolidated FinancialStatement (CFS) to be prepared under Schedule III to the Companies Act,2013(Act). These representations have been examined in consultation with thelnstitute of Chartered Accountants of India (ICAI) and it is clarified that Schedulelll to the Act read with the applicable Accounting Standards does not envisagethat a company while preparing its cFS merely r...

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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 Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Companies (Audit and Auditors) Rules, 2014, namely:-1. (1) These rules may be called the Companies (Aud...

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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 Central Government hereby makes the following rules to amend the Companies (Accounts) Rules, 2014, namely:-1. (1) These rules may be called the Companies (Accounts) Amendment Rules, 2014.(2) They shall c...

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Ctarity has been sought by companies registered under section 8 oI theCompanies Act, 2013 (corresponding to section 25 of Companies Act, 1956)about the manner in which the amount of deposit of rupees one lakh receivedby them under sub-section (l) of section 160 of the Companies Act, 2013 (Act)is to be handled if the depositor fails to secure more than twenty hve per centof the total valid votes. It has been noted that the relevant provision is silent onsuch issue....

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Clarifications have been sought on whether a trust or a trustee representing a trustin the case of "Real Estate Investment Trust" (REIT) or "lnfrastructure Investment Trust"(lnvlTs) or such other lrusls set up under lhe regulalions prescribed under the Securities &Exchange Board of lndia Act, 1992, can become a partner in an LLP...

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MCA advises Cos to file their balance sheets and annual accounts at the earliest to avoid congestion on MCA portal...

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In exercise ofthe poweo confened by sub-s€ction (l) ofseation 2l0A ofthe Companijs Act, 1956 (l of 1956), the Centra.l Covemment hereby constitutes anAdvisory Committee to be called the National Advisory Committee on AccountrngStandards, consisting of the following persons to advise the Cental Govemment on thefomulation and laying down of accounting policies and acaounting standards foradoption by companies or class ofcompanies under the said Acl, namely:-...

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General Circular 36 dated 17 Sept 2014: Clarification with regard to provisions of Corporate Social Responsibility(CSR) under section 135 of the Companies Act,2013....

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Exp. on building CSR capacity including related admin overheads can't exceed 5% of total CSR Exp.- MCA. Rules dated 12th Sept 2014: Companies (Corporate Social Responsibility Policy) Amendment Rules,2014....

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COMPANIES ACT, 2013 : Companies (Removal of Difficulties) Seventh Order, 2014 – Amendment in Section 143 of The Companies Act, 2013. S.O. Whereas the Companies Act, 2013 (18 of 2013) (hereinafter referredto as the said Act) received the assent of the President on the 29th August,2013 and section 143 of the Act, which provides for the powers and duties ofthe auditors and auditing standards, came into force with effect from 1st April,20r4; And whereas sub-sections (5) and (7) of sectio...

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Ministry of Corporate Affairs vide notification dated 29th August 2014 has made amendment in schedule II of the Act related to Useful Lives to Compute Depreciation. The text of the amendment is reproduced as below:- 1. In Schedule II of the Companies Act, 2013, - (a) in Part 'A', in paragraph 3, for sub-paragraph (i), the following sub-paragraph shall be substituted, namely:- i. The useful life of an asset shall not ordinarily be different from the useful life specified in Part C and...

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General Circular No. 35/2014 F. No. 17/66/2013/CL-V GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5thFloor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road, New Delhi Dated: 27thAugust 2014 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification Accounting Standards (AS) 10 Capitalization of Cost- regarding. Sir, Government has received a number of representations seeking clarifications on capitalization of costs in cases of ...

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General Circular No. 34/2014 F. No. 02/13/2014 CL-V Government of India Ministry of Corporate Affairs 5thFloor, A Wing, Shastri Bhavan, Dr. R.P. Road, New Delhi Dated. 12/08/2014 To, All Regional Directors, All Registrars of Companies. Subject: COMPANY LAW SETTLEMENT SCHEME, 2014 Sir, As you are aware, the Companies Act requires companies to file annual documents (Annual return and financial Statements) on the MCA21 electronic registry, within prescribed time limits.Section...

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