Corporate Law News



Exposure Draft Accounting Standard (AS) 1 Presentation of Financial Statements The 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. Accounting Standards are applicable to entities ..

Posted in Corporate Law |   481 Views




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 the use of certain red flag indicators as alerts ..

Posted in Corporate Law |   330 Views




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 Winter Session of Parliament Insolv..

Posted in Corporate Law  4 comments |   942 Views




Subject:- Amendments in the Companies (Incorporation) Rules, 2014 – reg. name availability NOTICE INVITING COMMENTS Draft amendment to rule 8 of the Companies (Incorporation) Rules, 2014 is attached as an Annexure-A to this notice. This amendment intends to bring more clarity to the r..

Posted in Corporate Law  1 comments |   763 Views




General Circular No. 12/2018  F. No. 1/4/2016-CL-I  Government of India  Ministry of Corporate Affairs  5th Floor, 'A' Wing, Shastri Bhawan,  Dr. R. P. Road, New Delhi  Dated: 13th December, 2018  To  All RDs,  All RoC, ..

Posted in Corporate Law |   1290 Views




MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 29th October, 2018 G.S.R. 1072(E).- In exercise of the powers conferred by clauses (c) and (d) of sub-section (2) of section 20A read with sub-section (4) of section 21 and sub-sections (2) and (4) of section 21B of the Chartered Ac..

Posted in Corporate Law |   1603 Views




[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, 13th November, 2018 G.S.R. (E). - In exercise of the powers conferred under sub-sections (2) and (4) of section 132, sub..

Posted in Corporate Law  1 comments |   1279 Views




The Companies (Amendment) Ordinance, 2018 promulgated on November 02, 2018 thereby amending some of the sections of the Companies Act, 2013. Giving effect to the recommendations placed in the Report of the Committee to review Offences under the Companies Act, 2013, the Companies (Amendment) Ord..

Posted in Corporate Law |   1044 Views




 PM unveils 12 key initiatives 59 minute loan portal to enable easy access to credit for MSMEs Mandatory 25 percent procurement from MSMEs by CPSEs Ordinance for simplifying procedures for minor offences under Companies Act  The Prime Minister, Shri Narendra Modi, today laun..

Posted in Corporate Law  1 comments |   859 Views




The recommendation of the Union Cabinet for promulgation of the Companies Amendment (Ordinance), 2018 has been assented to by the President of India.  The Ordinance, which has been promulgated today is based on the recommendations of the Committee appointed by the Government to review &nbs..

Posted in Corporate Law |   359 Views






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