Corporate Law News

2% lower interest rate on existing and fresh loans for MSME with valid GST/Udyog Aadhaar number

23 February 2019 at 13:40

RBI/2018-19/129DNBR (PD) CC.No.096/03.10.001/2018-19February 22, 2019All systemically important non-deposit taking NBFCsMadam / Dear Sir,Interest Subvention Scheme for MSMEsAs you are aware, Government of India, on November 2, 2018, has announced &ls

Posted in Corporate Law | 5679 Views

ICSI request further clarification for MSME Form I

23 February 2019 at 13:40

Dear Professional ColleagueSubject: Facilitation, Coordination and Knowledge Support by ICSI – Request for issuance of clarification for MSME Form I - Further updateThe Institute of Company Secretaries of India (ICSI) had made representations t

Posted in Corporate Law | 3057 Views

Mandatory implementation of ACTIVe in Companies (Incorporation) Amendment Rules, 2019

22 February 2019 at 11:07

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, dated 21,E February, 2019 G.S.R.(E). In exercise of the powers conferred by sub-se

Posted in Corporate Law | 4 comments | 3417 Views

Last date of filing MSME Form I extended by 30 days

21 February 2019 at 17:17

General Circular No. 01/ 2019 F. No. 17/6/2017- CL V (Pt I) Government of India Ministry of Corporate Affairs 5th Floor, A-Wing Shastri Bhavan, Dr. R P Road, New Delhi - 01 Dated: 21.02.2019 To All Regional Directors, All Registrar of Companies, The

Posted in Corporate Law | 1 comments | 4179 Views

Employer and Employee contribution reduced in ESIC

20 February 2019 at 11:10

MINISTRY OF LABOUR AND EMPLOYMENTNOTIFICATIONNew Delhi, the 15th February, 2019G.S.R. 121(E). - The following draft of certain rules further to amend the Employees' State Insurance (Central) Rules, 1950 which the Central Government, after consult

Posted in Corporate Law | 6 comments | 6057 Views

ICSI submits representation to MCA regarding deployment of Form MSME-1

20 February 2019 at 11:02

THE INSTITUTE OF Company Secretaries of IndiaIN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament MCA/2019 February 19, 2019 Shri Injeti Srinivas, I.A.S. Hon'ble Secretary to Government of India Ministry of Corporate Af

Posted in Corporate Law | 4203 Views

Cabinet approves Promulgation of the Companies (Second Amendment) Ordinance 2019

20 February 2019 at 11:02

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Promulgation of the Companies (Second Amendment) Ordinance 2019 and for replacement of the said Ordinance in Parliament by a replacement Bill. It is based on the recommendatio

Posted in Corporate Law | 1536 Views

Comments invited on draft AS1 Presentation of Financial statements

31 December 2018 at 11:35

Exposure DraftAccounting Standard (AS) 1Presentation of Financial StatementsThe Indian Accounting Standards (Ind AS), as notified by the Ministry of Corporate Affairs in February, 2015, have been applicable to the specified class of companies. Accoun

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Action against Illegal Operations of Shell Companies

22 December 2018 at 11:50

The term ‘shell company’ has not been defined under the Income-tax Act, 1961 or under the Companies Act, 2013. However, the Special Task Force set up by the Government to look into the issue of shell companies has, inter alia, recommended

Posted in Corporate Law | 3087 Views

Major intiatives and changes by MCA in 2018

21 December 2018 at 10:56

Companies (Amendment)Act , 2017 enacted; Out of total 93 Sections , 92 Sections brought into force along with relevant Rules MCA proposes to introduce Companies (Amendment) Bill, 2018 to replace Companies (Amendment) Ordinance 2018 in the ongoing Wi

Posted in Corporate Law | 4 comments | 4788 Views