MCA vide its notification dated 28 March 2018 has notified the Companies (Indian Accounting Standards) Amendments Rules 2018 with effect from 1 April 2018. The Companies (Indian Accounting Standards) Amendment Rules, 2018 has been amended to include Ind AS 115 Revenue
The MCA vide its notification dated 7 May 2018 has amended Companies (Prospectus and Allotment of Securities) Rules 2014 and done away the requirement of detailed list of contents of the prospectus following suggestions from the stakeholders that offer documents
The Ministry of Corporate Affairs vide its notification dated 7 May 2018 has notified following sections effective from 7 May 2018. Section 2 (6)- Associate Company Section 2 (6) deals with the definition of “Associate Company”. The explanation part of
The MCA vide its notification dated 7 May 2018 has amended Companies (Specification of Definition Details) Rules 2014 by Companies (Specification of Definition Details) Amendment Rules 2018. In order to address changes in the definition of term subsidiary and associate
External Commercial Borrowings (ECB): ECBs are commercial loans raised by eligible resident entities from recognized non-resident entities and should conform to parameters such as minimum maturity, permitted and non-permitted end-uses, maximum all-in-cost ceiling, etc. The parameters apply in totality and not
The MCA vide its notification dated 7 May 2018 has amended Rule 10 (3) of the Companies (Registration Offices and Fees) Rules, 2014 by the Companies (Registration Offices and Fees) Second Amendment Rules, 2018 providing that Registrar shall allow fifteen
The MCA vide its notification dated 7 May 2018 has amended Companies (Meeting of Board and Its Powers) Rules 2014 by the Companies (Meetings of Board and Its Powers) Amendment Rules 2018. Now any director may participate through video conferencing
The MCA vide its notification dated 7 May 2018 has amended Companies (Audit and Auditors) Rules 2014 by Companies (Audit and Auditors) Amendment Rules 2018. The Explanation to Rule 3(7) of Companies (Audit and Auditors) Rules, 2014 stating that if
The Central Board of Direct Taxes (CBDT) in consultation with Ministry of Finance has notified Income Tax Return Forms for the Assessment Year ('AY') 2018-19. Few observations are as below: For AY 2017-18, a one-page simplified ITR Form-1(Sahaj) was notified.
The Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act, 2015 also known as The Commercial Courts Act was passed in 2015 with the intent to fasten the process of resolving Commercial disputes in India. The Act
The MCA vide its notification dated 7 May 2018 has amended Companies (Appointment and Qualification of Directors) Rules 2014 by Companies (Appointment and Qualification of Directors) Second Amendment Rules 2018 expanding the scope of qualifications of independent directors. Rule 5
The Department of Industrial Policy and Promotion (DIPP) vide its notification dated 11 April 2018 has amended its previous notification dated 23 May 2017 on the eligibility guidelines for ‘start-ups’. This notification is in suppression of the earlier notification dated
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