The Parliament has passed amendments to Companies Act and the bill now advocates for stricter laws for CSR.
Amendments are made to Section 135 to carry forward the unspent corporate social responsibility amount, to a special account to be spent within three financial years and transfer ther..
Re-categorising of offences:
The list of offences which are re-categorised as defaults carrying civil liabilities which would be subject to an in-house adjudication mechanism, along with the pre-ordinance punishment in each case is as under:
As we all the aware that the Amendment to Section 89 and insertion of Section 90 are the key amendments made by the Companies (Amendment) Act, 2017(‘Amendment Act’).
Enforced w.e.f. June 14, 2018 and Companies (Significant Beneficial Owners) Rules, 2018 were notified.
Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 have been notified w.e.f 25th July 2019
E-FORM DIR-3 KYC applicable in two cases:
Case 1: Where the individual who holds DIN and is filing his KYC details for the first time
Case 2: Where ..
SEBI has revised Annual maintenance charges levied on Debt Securities held through Basic Services Demat Accounts from June 1. The move is expected to further boost participation of retail investors in the debt market. Basic Services Demat Account (BSDA) offers limited services at a lower cos..
FURTHER CLARIFICATION ON 'MSME FORM I'
In relation to
notification issued by the Ministry of Micro, Small and Medium Enterprises, dated 02nd November, 2018, MCA Introduce new Form 'MSME FORM I' Via Companies (Furnishing of information abou..
As per new section inserted after section 10 of the companies act 2013, section 10A says a company incorporated on or after 02//11/2018, having share capital shall not commence its business or exercise any ..
MCA has notified the amendments to the Companies (Significant Beneficial Ownership) Rules, 2018 dated 08.02.2019 vide Companies (Significant Beneficial Owners) Amendment Rules, 2019. The amendments inter alia pertain to widening the definition and scope of 'significant beneficial owner' to include d..