Corporate Law News

Harsh punitive action to be taken against Shell Companies

Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of dormant companies, invocation of Benami Transactions (Prohibition) Amendment Act, 2016;A Task Force set-up under the

Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 notified

The Insolvency and Bankruptcy Board of India notifies Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 notified; Regulations to come into force with immediate effect; Regulations inter alia provide for the details of

Advisory to Company Secretaries regarding LLP

Company Secretaries are to note that if the word „CS‟ or „Company Secretary‟ or „Company Secretaries‟ is used by a LLP as suffix, then a prior No Objection Certificate (NOC) is mandatorily required to be obtained from the ICSI by su

Last date extended to 29th Nov for filing annual company return

ICSI requests MCA to extend last date for filing company annual return

THE INSTITUTE OF Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament CS Mamta Binani PRESIDENT MCA:2016 Shri Tapan RaySecretary to the Government of IndiaMinistry of Corporate AffairsA-Wing,

Peak Filing Preparation 2016-MCA 21

ANNOUNCEMENT Sub: Peak Filing Preparation 2016- MCA 21 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 annua

Extension of last date for filing forms under Companies Act

Relaxation of additional Fees and extension of last date of in filing AOC-4, AOC-4 (XBRL), AOC-4(CFS) and MGT-7 under the Companies Act, 2013PFA the enclosed file for more details

MCA issues order regarding rotation of auditors

Ministry of Corporate Affairs has issued Companies Third (Removal of Difficulty) Order, 2016, regarding applicability of the provisions of Rotation of Auditors as per Section 139 (2) of the Companies Act, 2013.PFA the enclosed attachment for more det

MCA constitutes National Company Law Tribunal

Ministry of Corporate Affairs issues notification for constitution of the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT); Hon’ble Justice S.J. Mukhopadhaya, Judge (Retd.), Supreme Court of India joins a

CSR Spends on Swachh Bharat CESS

As per Union Budget 2016-2017, the estimated amount to be collected from Swachh Bharat Cess during the year 2016-17 is Rs. 10,000 crores.