Ministry to soon introduce a new version of Form INC29 incorporating suggestions received from the stakeholders allowing up to 5 directors to be appointed and greater flexibility in proposing a name for a company Ministry of Corporate Affairs, Government of India has, during the past one year, taken a number of steps, and is in…
The Special Investigation Team (SIT) in its Third Report had observed the following with respect to Shell Companies and Beneficial Ownership: “Shell Companies and beneficial ownership (Reference p. 73-76 of the Third SIT Report) The Report of the Committee headed by Chairman, CBDT on “Measures to tackle Black Money in India and Abroad” submitted in…
General Circular No. /1/2015 No. 1/19/2013-CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhavan, Dr R.P. Road, New Delhi Dated 21st Jul , 2015 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification with regard to circulation and filing of financial statement under relevant provisions of the…
The Competition Commission of India(CCI)has imposed a total penalty of Rs. 671.05 crores upon4 Public Sector Insurance Companies for manipulating the bidding process initiated by Government of Kerala for selecting insurance service provider for Rashtriya Swasthya Bima Yojna for the years 2010-11, 2011-12 and 2012-13. The final order was passed by CCI on10.7.15 in a…
To All Regional Directors,All Registrars of Companies,All Stakeholders Sub – Extension of time for filing of Notice of appointment of the Cost Auditor for the F.Y, 2015-16 in Form CRA-2 and filing of cost audit report to the Central Government for the F.Y. 2014-15 in form CRA-4. Sir, The Ministry has received several representations about…
Following are the main reforms carried out by the government in last one year: 1. Requirement of minimum paid-up capital for companies removed. 2. Requirement of common seal for companies removed. 3. Requirement of filing declaration of commencement for companies removed. 4. Single step incorporation of companies through INC-29 Form. 5. Loans or guarantee to fully owned subsidiary company facilitated.…
The Ministry of Corporate Affairs, Government of India issued the final notifications under Section 462 of the Companies Act, 2013 (Act), which provide exemptions under various provisions of the Act to (i) Private Companies; (ii) Government Companies; (iii) Section 8 Companies and (iv) Nidhis. The notifications for exemptions to private and government companies can be…
MCA has issued notification giving the exemptions to govt. companies from some sections of Companies Act 2013. Notification can be downloaded from here.
Ministry of Corporate Affairs has issued Notification dated June 5, 2015 by which it has provided various much awaited Exemptions to Private Companies other than the subsidiary of a public company wef 05.06.2015. Please download notification from here.
MCA has introduced e-form INC-29 through which one can avail following services: Apply for DIN. Maximum 3 numbers of DIN can be applied using this form. Name of Company Incorporation of Company Separate forms will also be available for incorporation and name of company for those who want to avail these services separately. This form…