Corporate Law News
MCA 21 Project - Achievements and Continuation
11 December 2012 at 13:03The Government is implementing an e-governance initiative called MCA 21 Project to ensure the efficiency of the core services regarding company affairs. Giving this information in written reply to a question in the Parliament, Shri Sachin Pilot, M
Independent Regulator for Auditors
05 December 2012 at 12:10The Parliamentary Standing Committee on Finance which examined the Companies Bill, 2009 and the Companies Bill, 2011 had recommended that the National Advisory Committee on Accounting and Auditing Standards (NACAAS), proposed in the Companies Bill
Protecting the Interests of Small Investors
01 December 2012 at 10:52The Ministry of Corporate Affairs has received complaints against 3, 65 and 19 companies during 2010-11, 2011-12 and 2012-13 (up to 31-10-2012) respectively which are doing business of money circulation schemes with the promise of giving high retu
Investigations by Serious Fraud Investigation Office
01 December 2012 at 10:52Government has said that the Ponzi and Multi-Level Marketing (MLM) schemes fall within the purview of ‘Money Circulation’ which is an offence under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. That Act is administ
Regulatory Harmony in the Companies Bill, 2011
01 December 2012 at 10:52The suggestions made by Securities and Exchange Board of India (SEBI), through Ministry of Finance, during drafting of the Companies Bill, 2011, with regard to issues relating to regulatory harmony, were duly considered and incorporated therein. G
Action Against Vanishing Companies under Companies Act, 1956
27 November 2012 at 12:04Action Against Vanishing Companies Provisions in laws and Rules have been made to ensure that companies function/raise money in a manner which is transparent, accountable and is in accordance with the provisions of the Companies Act and other en
Time Taken to Open Business in India
27 November 2012 at 12:04The Government has said that the time taken to register a company has been reduced to 48 hours. Similarly, issue of Director’s Identification Number (DIN) and name availability of company can now be done online within 24 hours. Giving this i
Due date of filling of e-forms 23AC(Non-XBRL) and 23ACA (Non XBRL) has been extended to 24.11.2012 without additional fees
23 November 2012 at 11:24Due date of filing of e-forms 23AC(Non-XBRL) and 23ACA (Non XBRL) as per new schedule VI (applicable for the accounting year commencing on or after 1.4.2011 ) has been extended upto 24.11.2012 for Companies holding AGM or whose due date for holdin
To avoid last minute rush and system congestion in MCA21, Kindly expedite filing of Balance Sheet and Annual Return
08 November 2012 at 11:51The Ministry issued General Circular No.30/2012 Dated 28.09.2012, In order to ensure smooth filing and to avoid last minute rush, the due date of filing of e-forms 23AC(Non-XBRL) and 23ACA (Non XBRL) as per new schedule VI (applicable for the acc
Appointment of Cost Auditor by Companies
07 November 2012 at 11:01General Circular No. 36/2012 52/5/CAB-2011 Government of India Ministry of Corporate Affairs Cost Audit Branch ***** ‘B-1’ Wing, 2nd Floor, Paryavaran Bhawan, CGO Complex, Lodhi Road, New Delhi – 110 003 Dated the November 6, 20
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