Posts In: Corporate

Ministry of Corporate Affairs has notified the Companies (Restriction on number of layers) Rules, 2017 (“Rules”) vide notification no. G.S.R. 1176(E) dated 20th September, 2017.

September 22, 2017 Corporate 0

Rule 2 of the Rules restricts any company from having more than two layers of subsidiaries. Exemptions:   An Indian Company acquiring a company incorporated outside...

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Ministry of Corporate Affairs requests corporates to start filing financial statements and annual returns at the earliest to avoid system congestion

September 15, 2017 Corporate 0

The Ministry of Corporate Affairs (“MCA”) through its Important Notices segment in its website, has requested corporates to start filing respective financial statements and annual...

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SEBI notifies the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2017

September 13, 2017 Corporate 0

The Securities and Exchange Board of India (“SEBI”) notified the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations,...

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MCA invites comments on Draft Companies (Cost Records and Audit) Amendment Rules, 2017 till 26.08.2017

September 12, 2017 Corporate 0

The Ministry of Corporate Affairs (“MCA”) has invited comments on the Draft Companies (Cost Records and Audit) Amendment Rules, 2017 (“Draft Rules”) Upon coming into...

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MCA revises SPICe Form effective September 9, 2017

September 12, 2017 Corporate 0

The Ministry of Corporate Affairs (“MCA”) has informed through the ‘Important Notices’ segment in its website that the Form INC 32 – Simplified Pro forma...

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Form DIR-12 revised w.e.f 8th September, 2017, informs MCA

September 12, 2017 Corporate 0

Pursuant to the update in trailing email, the Ministry of Corporate Affairs (“MCA”) has updated the following Forms, effective since 8th September, 2017: Form DIR-12:...

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Compliance on MCA

MCA clarifies the meaning of ‘joint venture’ in the Companies (Appointment and Qualification of Directors) Rules, 2014

September 11, 2017 Corporate 0

The Ministry of Corporate Affairs (“MCA”) has clarified the meaning of “joint venture” as mentioned in Rule 4 of the Companies (Appointment and Qualification of...

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Directors disqualified under section 164(2) of the Companies Act, 2013 to abstain from holding office and filing any document/application with MCA during the period of disqualification

September 11, 2017 Corporate 0

The Ministry of Corporate Affairs (“MCA”) in it’s website under ‘Important Notices’ segment has stated that a disqualified Director under Section 164(2) of the Companies...

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Form DIR-12 likely to be revised, informs MCA

September 11, 2017 Corporate 0

The Ministry of Corporate Affairs (“MCA”) has informed through the ‘Important Notices’ segment in its website that the following forms are likely to be revised...

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MCA imposes strict penalty for siphoning off money from bank accounts of “Struck Off” Companies

September 11, 2017 Corporate 0

In a recent press release, dated 6th September, 2017, the Ministry of Corporate Affairs (“MCA”) has resolved to strengthen the rules and procedures of Corporate Governance...

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