Corporate Law News

Integration of LLP System into MCA-21

09 May 2012 at 10:41

1. The Ministry is in process of integration of LLP system into MCA-21 in the month of June 2012 by allowing filing & approval of LLP forms at MCA-21 website (www.mca.gov.in) for better e-governance facility for stakeholders, by making neces

Posted in Corporate Law | 4371 Views

Conducting of AGM by Companies

08 May 2012 at 10:58

The Companies Act, 1956 prescribes filing of a copy of the Balance Sheet and Annual Report after the AGM has been conducted, with the concerned Registrar of Companies. There is no requirement under the Companies Act requiring the Registrar of Comp

Posted in Corporate Law | 1 comments | 8031 Views

Furnishing of Misleading Information by Multinational Network Accounting Firms (MNAFs)

07 May 2012 at 17:28

Furnishing of Misleading Information by MNAFs According to the information furnished by the Institute of Chartered Accountants of India (ICAI) a High Power Committee (HPC) appointed by them for examining the operation of Multinational Network Ac

Posted in Corporate Law | 4500 Views

Stopping of Form 23AC and Form 23AC XBRL for fy starting on or after 01.04.2011

04 May 2012 at 17:01

Please note that existing Form 23AC, Form 23ACA, Form 23AC-XBRL and Form 23ACA-XBRL can not be filed by those companies whose financial year is starting on or after 1.4.2011 as Revised Schedule VI is applicable for such period. New e-forms are und

Posted in Corporate Law | 1 comments | 13155 Views

Future Implementation of XBRL

04 May 2012 at 13:10

The Ministry of Corporate Affairs has set up a Committee to develop the roadmap for future implementation of Extensible Business Reporting Language (XBRL). This Committee comprises of XBRL experts and representatives from the corporate sector as

Posted in Corporate Law | 9816 Views

Compliance of Reporting Norms by Companies

01 May 2012 at 12:06

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that the reporting norms comprises of annual reporting of financial results and state of affairs by companies in the format prescribed unde

Posted in Corporate Law | 8130 Views

Registration of New Companies

01 May 2012 at 12:06

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that every year new companies get registration for business in the country and the number of companies registered during 2008-08, 2009-10

Posted in Corporate Law | 1 comments | 13278 Views

De-Registration of not-for-Profit Companies

01 May 2012 at 12:06

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that the Government has not proposed to relax existing norms for not-for-profit companies to allow them to de-register without having to fo

Posted in Corporate Law | 6030 Views