Recent amendment 1. The Ministry of Corporate Affairs issued separate notifications on 24th of March 2021 with a view to promote transparency and accountability in company financial statement, whereby, it brought about changes in the Companies (Audit and Auditors) Rules 2014 (Audit Rules) and also in the Companies (Accounts) Rules 2014 (Accounts Rules) and in Schedule III of the Companies Act 2013. Applicable date of amendments 2. These amendments are applicable with effect from first April 2021. This means, the financial statements prepared
Category: Corporate & Legal
Amendments issued by MCA & RBI
In this edition we have tried to bring to your notice the latest amendment that followed in the month of August, 2021 issued by MCA and RBI. Amendments issued by MCA Companies (Appointment and Qualification of Directors) Amendment Rules, 2021 In exercise of the powers conferred by section 149 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Appointment and Qualification of Directors) Rules,
Amendments issued by MCA & SEBI
In this edition we have tried to bring to your notice the latest amendment that followed in the month of July, 2021 issued by MCA & SEBI. Ministry of Corporate Affairs issues clarification on spending of CSR fund for COVID-19 Vaccination The Ministry of Corporate Affairs vide general circular no. 10/2020 dated 23.03.2020 has clarified that spending of CSR funds for COVID-19 is eligible for CSR Activity. In continuation of said circular vide general circular no 13/2022 dated 30.07.2021 it
Amendments issued by MCA
In this edition we have tried to bring to your notice the latest amendment that followed in the month of June, 2021 issued by MCA. Companies (Incorporation) Fourth Amendment Rules, 2021 In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby further amend the Companies (Incorporation) Rules, 2014, these rules may be called the Companies (Incorporation) Fourth Amendment Rules, 2021 & they shall come
Recent Amendments by MCA & SEBI
In this edition we have tried to bring your notice the latest amendment that followed in the month of May, 2021 issued by MCA and SEBI. Amendments issued by MCA Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 In exercise of the powers conferred under section 460 read with section 403 of the companies act, 2013 and the companies (Registration offices and fees) Rules, 2014, ministry has decided to allow
Recent Amendments by MCA
In this edition we have tried to bring to your notice the latest amendments that followed in the month of April 2021 issued by MCA. Amendments issued by MCA Companies (Audit and Auditors) Second Amendment Rules, 2021: In exercise of the powers conferred by sections 139, 143, 147 and 148 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Audit
Recent Amendments by MCA and SEBI
In this edition we have tried to bring to your notice the latest amendments that followed in the month of March 2021 issued by MCA, SEBI and others. Amendments issued by MCA Companies (Management and Administration) Amendment Rules, 2021. In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Management and Administration) Rules, 2014 &
Recent Amendment by MCA and RBI
In this edition we have tried to bring to your notice the latest amendments that followed in the month of February 2021 issued by MCA and RBI. Amendments issued by MCA Companies (Specification of definitions details) Second Amendment Rules, 2021 In exercise of the powers conferred by the proviso to clause (52) of section 2 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the rules further
Recent Amendment by MCA and RBI
In this edition we have tried to bring to your notice the latest amendments that followed in the month of January 2021 issued by MCA and RBI. Amendments issued by MCA Relaxation on levy of additional fees in filing of e-forms AOC-4, AOC-4(CFS), AOC-4 XBRL, AOC-4 Non-XBRL for the financial year ended on 31.03.2020 under the companies ac, 2013. Read More: http://www.mca.gov.in/Ministry/pdf/GeneralCircularNo.4_29012021.pdf In exercise of the powers conferred by section 135 and sub-sections (1) and (2) of section 469 of
Recent Amendments by MCA & RBI
In this edition we have tried to bring to your notice the latest amendments that followed in the month of December, 2020 issued by MCA and RBI. Amendments issued by MCA Companies (Compromises, Arrangements and Amalgamations) Second Amendment Rules, 2020 MCA has amended the Companies (Compromises, Arrangements, and Amalgamations) Rules, 2016 through Companies (Compromises, Arrangements and Amalgamations) Second Amendment Rules, 2020. Read More: http://www.mca.gov.in/Ministry/pdf/SecondAmdtRules_18122020.pdf Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020 MCA has notified the Companies (Appointment