Corporate Law News
Reengineer the process of allotment of DIN
09 January 2018 at 11:04It is proposed to reengineer the process of allotment of DIN by allotting DIN to individuals only at the time of their appointment as Directors (If they do NOT possess a DIN) in companies. DIR-3 (Application for Director Identification Number) would
Relaxation in the provisions of MAT for insolvent companies
08 January 2018 at 11:06Relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016 The existing pr
29403 companies registered as LLP in India in 2016-17
06 January 2018 at 12:51The Limited Liability Partnership Rules, 2009 have been in force since 01.04.2009. The Limited Liability Partnership Rules provide for effectuating/implementing the provisions of Limited Liability Partnership Act, 2008. The Rules, inter-alia include
Registrar of Companies removed names of 2,26,166 defunct companies in 2017
06 January 2018 at 12:51The Government has initiated campaign against black money, wilful defaulters and erring directors. There are a number of registered companies that are facing action from authorities after the demonetisation.Prior to demonetisation, 16,08,637 number o
Reactivation of DIN for disqualified directors in progress
05 January 2018 at 11:10Stakeholders of Condonation of Delay Scheme (notified vide General Circular No.16/2017 dated 29th December 2017) may kindly note that the process for ‘reactivating’ the DINs in system in respect of disqualified Directors is in progress an
Companies (Amendment) Bill 2017 becomes an Act receives President's Assent
04 January 2018 at 12:00The Companies (Amendment) Bill, 2017 was passed by Lok Sabha on July 27, 2017 and by Rajya Sabha on December 19, 2017 and, now, on 3rd January 2018the bill has become an Act subsequent to receiving the President�s assent.With this latest amendm
Amendments to Insolvency and Bankruptcy law
03 January 2018 at 11:13Sub: Amendments to (i) the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and (ii) the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate
Properties of struck off companies from ROC cannot be used
23 December 2017 at 11:05Properties of struck off companies from RoC can�t be used, operated, transferred or alienated in any mannerThe Central Government has drawn the attention of all the concerned States and Union Territories (UTs) towards the fact that so far, 2,2
Achievements of Ministry of Corporate Affairs during 2017
22 December 2017 at 12:01True to the motto on Ministry of Corporate Affairs (MCA) website of �Empowering Business, Protecting Investors� and its function as Regulator, Integrator, Facilitator and Educator, Ministry of Corporate Affairs was actively and affirmativ
Major policy initiatives and achievements of MCA in 2017
22 December 2017 at 12:01Major policy initiatives undertaken and achievements made by the Ministry of Corporate Affairs during the year 2017.Major thrust on checking the menace of black money by striking-off more than 2 lakh shell companies from the Register of Companies
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