In continuation to the Ministry’s General Circular No.34/2014 dated l2.O8.2O14 and 4O/2O14 dated 15/1O/2O14 on the subject cited above, this Ministry has, on consideration of requests received from various stakeholders, has decided to extend the Company Law Settlement Scheme (CLSS…
Category: Company Law
MCA is taking Measure to avoid System Congestion
To avoid last minute rush and system congestion on the MCA 21 portal on account of filings under the Company Law Settlement Scheme, 2014 ending on 15.11.2014 and annual filings during November 2014, you might have already taken steps in…
Not Filed Annual Return Yet take the advantage of CLSS 2014 before 15th November 2014
The Companies Act, 2013 lays down a stricter regime for the defaulting companies with higher additional fees. The quantum of punishment has been enhanced under the above mentioned provisions of the Act vis-a-vis the earlier Act i.e. Companies Act, 1956.…
Delay in Filing of Return under Companies act 2013
Every company shall file with the Registrar a copy of the annual return, within sixty days from the date on which the annual general meeting is held or where no annual general meeting is held in any year within sixty…
Forms to be used for filing Annual return with ROC
Every company shall file with the Registrar a copy of the annual return, within sixty days from the date on which the annual general meeting is held or where no annual general meeting is held in any year within sixty…
Annual Return filing Under Companies Act 2013
Section 92 of Companies Act 2013 deals with the annual return of a company. Every company shall prepare annual return in the prescribed form containing the particulars as they stood on the close of the financial year. Details to be provided…
Clarification on matters relating to Consolidated Financial Statement
MCA has issued Circular No-39/2014 dated 14.10.2014 on Clarification on matters relating to Consolidated Financial Statement Government has received representations from stakeholders seeking clarifications on the manner of presentation of notes in Consolidated Financial Statement (CFS) to be prepared under Schedule…
Auditors to report on internal financial controls system from financial year commencing 01.04.2015
Section 143(3)(i) of the Companies Act 2013 requires the auditors of the companies to report as whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls. Now MCA has deferred the reporting…
Trusts Setup under SEBI Act 1992 can become a Partner of LLP
After Clarifications have been sought on whether a trust or a trustee representing a trust in the case of “Real Estate Investment Trust” (REIT) or “infrastructure Investment Trust” (lnvlTs) or such other trusls set up under the regulations prescribed under…
Board of Director to decide the forfeiture or refund of the deposit in certain cases
Board of Director to decide the forfeiture or refund of the deposit under section 160 of the Companies Act, 2013 in certain cases. After a clarification sought by the companies registered under Section 8 of the Companies Act, 2013 (corresponding…