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  • REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS - NOTIFICATION OF THE COMPANIES (RESTRICTION ON NUMBER OF LAYERS) RULES, 2017.

    REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS - NOTIFICATION OF THE COMPANIES (RESTRICTION ON NUMBER OF LAYERS) RULES, 2017.

    In view of reports of misuse of multiple layers of companies, where companies create shell companies for diversion of funds or money laundering, MCA vide its notification dated 20 September 2017 has notified the Companies (Restriction on the number of

  • REGULATORY UPDATE: MCA ISSUED NOTICE INVITING COMMENTS/SUGGESTIONS ON INTEGRATION OF NAME RESERVATION WITH SPICE E-FORM UNDER COMPANIES ACT, 2013

    REGULATORY UPDATE: MCA ISSUED NOTICE INVITING COMMENTS/SUGGESTIONS ON INTEGRATION OF NAME RESERVATION WITH SPICE E-FORM UNDER COMPANIES ACT, 2013

    The MCA in view of simplifying the process of name reservation for the Companies, it has issued the Consultation Paper on the integration of Name reservation with SPICE e-form under the Companies Act, 2013. In this regard, it has invited

  • ARRESTS IN CONNECTION WITH INVESTIGATION BY SERIOUS FRAUD INVESTIGATION OFFICE

    ARRESTS IN CONNECTION WITH INVESTIGATION BY SERIOUS FRAUD INVESTIGATION OFFICE

    NOTIFICATION OF THE COMPANIES (ARRESTS IN CONNECTION WITH INVESTIGATION BY SERIOUS FRAUD INVESTIGATION OFFICE) RULES, 2017. The MCA vide its notification dated 24 August 2017 has notified the Companies (Arrest in connection with Investigation by Serious Fraud Investigation Office) Rules, 2017

  • NOTIFICATION OF THE NATIONAL COMPANY LAW APPELLATE TRIBUNAL (AMENDMENT) RULES 2017.

    NOTIFICATION OF THE NATIONAL COMPANY LAW APPELLATE TRIBUNAL (AMENDMENT) RULES 2017.

    NOTIFICATION OF THE NATIONAL COMPANY LAW APPELLATE TRIBUNAL (AMENDMENT) RULES 2017. The MCA vide its notification dated 23 August 2017 has amended Rule 63 of National Company Law Appellate Tribunal Rules 2016  notified on 21 July 2016 regarding Appearance by Authorised

  • COMMENTS INVITED ON THE PROPOSED AMENDMENTS IN THE DRAFT COMPANIES (COST RECORDS AND AUDIT) RULES, 2014

    COMMENTS INVITED ON THE PROPOSED AMENDMENTS IN THE DRAFT COMPANIES (COST RECORDS AND AUDIT) RULES, 2014

    COMMENTS INVITED ON THE PROPOSED AMENDMENTS TO THE DRAFT COMPANIES (COST RECORDS AND AUDIT) RULES, 2014 Pursuant to the implementation of Indian Accounting Standards (IndAS), the MCA vide its public notice dated 11 August 2017 has invited comments/suggestions on the

  • DELEGATION OF POWERS TO REGIONAL DIRECTOR

    DELEGATION OF POWERS TO REGIONAL DIRECTOR

    DELEGATION OF POWERS TO REGIONAL DIRECTOR UNDER SECTION 458 OF COMPANIES ACT 2013 The MCA vide its notification dated 06 September 2017 pursuant to power vested in it under Section 458 of the Companies Act, 2013 has delegated its powers

  • CLARIFICATION ON DEFINITION OF “JOINT VENTURE”

    CLARIFICATION ON DEFINITION OF “JOINT VENTURE”

    MINISTRY OF CORPORATE AFFAIRS (MCA) CLARIFICATION ON DEFINITION OF “JOINT VENTURE” FOR THE PURPOSE OF EXEMPTION FROM APPOINTMENT OF INDEPENDENT DIRECTORS BY CERTAIN UNLISTED PUBLIC COMPANIES The MCA vide its notification dated 5 July 2017 had inserted Rule 4(2) and

  • Regulatory Updates: Ministry of Corporate Affairs - Amendment to the Companies (Meetings of Board and its Powers) Rules, 2014

    Regulatory Updates: Ministry of Corporate Affairs - Amendment to the Companies (Meetings of Board and its Powers) Rules, 2014

    The MCA vide its notification dated 13 July 2017 has amended the Companies (Meetings of Board and its Powers) Rules, 2014. With this amendment, the MCA has amended the provisions relating to: Intimation of a Director to participate by way

  • Regulatory Updates: Notification Final Rules for Valuation of Unquoted Shares

    Regulatory Updates: Notification Final Rules for Valuation of Unquoted Shares

    The Central Board of Direct Taxes vide Notification No. 61/2017 dated 12 July 2017 has notified final rules for valuation of unquoted equity shares for the purposes of Sec. 56(2)(x) and Sec. 50CA. As per Erstwhile Rule 11UA of Income

  • Regulatory Updates: Ministry of Corporate Affairs - Amendment to the Companies (Incorporation) Rules, 2014

    Regulatory Updates: Ministry of Corporate Affairs - Amendment to the Companies (Incorporation) Rules, 2014

    The MCA vide its notification dated 27 July 2017 has amended the Companies (Incorporation) Rules, 2014. The MCA has amended the provisions relating to: Shifting of registered office within the same State: An application seeking confirmation from the Regional Director

  • Regulatory Updates: Ministry of Electronics and Information Technology - Press Brief on Data Protection Framework for India

    Regulatory Updates: Ministry of Electronics and Information Technology - Press Brief on Data Protection Framework for India

    The Ministry of Electronics and Information Technology released a press brief on 31 July 2017, in order to inform the general public that in light of the growth of the digital economy and increased dependence on digital data, the Government

  • Regulatory Updates: Telecom Regulatory Authority of India - Recommendations on Issued Related to Closure of Access Services

    Regulatory Updates: Telecom Regulatory Authority of India - Recommendations on Issued Related to Closure of Access Services

    On 30 November 2016, the Telecom Regulatory Authority of India (“TRAI”) had released a Consultation Paper on “Issues Related to closure of Access Services”. This was released as a result of great inconvenience being caused to subscribers while accessing Access

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