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…

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…

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…

CSR spending mandatory for public sector companies

The gov­ern­ment has made it manda­to­ry for all prof­it-mak­ing cen­tral pub­lic sec­tor com­pa­nies to spend mon­ey on Cor­po­rate Social Respon­si­bil­i­ty activ­i­ties. The Depart­ment of Pub­lic Enter­pris­es (DPE) has come out with the revised guide­lines fol­low­ing the new Com­pa­nies Act mak­ing social wel­fare spend­ing…