Form INC-32 can be filed even after approval of INC-1. This facility was not provided in INC-29 MOA & AOA has been provided in electronic mode in INC-33 and INC-34 respectively. With e-MOA & AOA no need of subscriber’s signatures. DSC of subscribers can be affixed on e-MOA & AOA. No need of witness signatures. … Continue reading “MCA introduced SPICE (Simplified Proforma for Incorporating Company Electronically) w.e.f. 02.10.2016 vide e-form INC-32”

India’s Minister of State for External Affairs Gen. V.K.Singh revealed that Indian Governmeent is looking for ways to link all insurance schemes in such  a  way that the interest of million of its expatriates are safegaurded, just like Philippinies has for its oversees workers.As part of country’s social security scheme ,Philippinies has schemes for thier housing and medical requirements,education for children … Continue reading “Benefits for expatriates”

Janani Sishu Suraksha Karyakaram started by Ministry of Health to ensure better facilities for pregnant women and new born child by providing free  ambulance services from home and drop back,free delivery/caesarean section;free drugs,diagonstics and blood transfusion and similar facilities are provided to child upto 1 year of age. This will be beneficial for those mothers who … Continue reading “Janani Sishu Shuraksha Karyakaram”

Union Agriculture and Farmers Welfare Minister,Shri Radha Mohan Singh launched e-Nam mobile app for farmers to connect trading markets for farmers benefits.It will be a boon for all farmers as there will be flat pricing accross the country and it will benefit poor farmers as they would not be fooled anymore by commission agents. They can get … Continue reading “e-Nam mobile app for farmers”

The Ministry of Corporate Affairs has modified the e-Forms MGT-15, FC-3, INC-4, MGT-14, 23C, 23D, A-XBRL, I-XBRL, 23AC XBRL, 23ACA XBRL and AOC-4 XBRL. The new version of the said e-Forms is available w.e.f. 8th October, 2016 and 5th October, 2016. Only new version of e-forms will be acceptable. Therefore, Stakeholders are requested to plan accordingly.

MCA has revised its (i) Form CHG-8 (Application to Central Government for extension of time for filing particulars of registration of creation / modification / satisfaction of charge OR for rectification of omission or misstatement of any particular in respect of creation/ modification/ satisfaction of charge), (ii) Form AOC-4 (Form for filing financial statement and other documents … Continue reading “MCA has revised the version of e-forms”

SEBI proposed a Consultative Paper titled ‘Corporate Governance Issues in Compensation Agreements’ to review the disclosure requirements under SEBI (LODR) Regulations, 2015. The Paper has proposed curbs on compensation agreements between promoters of a listed entity and private equity (PE) funds. One view is that there is no place at all for such side agreements in case of … Continue reading “SEBI proposed a Consultative Paper titled ‘Corporate Governance Issues in Compensation Agreements’”

aking into account the withdrawal of the incremental CRR effective from the fortnight beginning December 10, 2016 and with a view to provide flexibility to the banking system for its liquidity management, the Reserve Bank of India has decided to conduct Fixed Rate Reverse Repo operationon December 10, 2016 (Saturday) between 11.00 am and 12.00 … Continue reading “Fixed Rate Reverse Repo Operation on Saturday, December 10, 2016”

Additional fees payable by the companies having registered offices in the State of Jammu & Kashmir on e-forms AOC-4, AOC-4 XBRL, AOC-4 CFS and MGT-7 has been waived till 31st Dec 2016 vide general circular no. 14/2016 dated 07/12/2016. Stakeholders may take note of the same and plan accordingly. Source: www.mca.gov.in

Form INC-27 for incorporation of companies is likely to be revised on MCA21 Company Forms Download page w.e.f. 10th December, 2016. Stakeholders are advised to check the latest version before filing. Source: www.mca.gov.in

Forms SPICe and SPICe MoA has been revised on MCA21 Company Forms Download page w.e.f December 7, 2016. Stakeholders are advised to check the latest version before filing. Source: www.mca.gov.in

Ministry of Corporate Affairs has issued Clarification regarding filing of offline Challans with IEPF Authority under Companies Act. MCA has made it mandatory to deposit the amount in IEPF through online challans only. Further Form IEPF-1 mentioning SRN No. of Challan generated online can only be accepted. All Companies transferring the amount to IEPF are … Continue reading “Depositing amount in IEPF through online challans only”

Filing Form 3 within 30 days of incorporation is mandatory. Stakeholders are advised to ensure that Form 3 (Information with regard to Limited Liability Partnership agreement and changes, if any, made therein) has been mandatorily filed for initial agreement before filing of Form 8 (Statement of Account & Solvency) and Form 11 (Annual Return of … Continue reading “Annual Filing for LLPs”

Reviewing the current liquidity conditions after the withdrawal of legal tender status of ₹ 500/- and ₹ 1000/- denominations of bank notes issued by the Reserve Bank of India till November 8, 2016 (SBN), RBI has decided to issue a directive under section 42(1A) of the Reserve Bank of India Act, 1934 requiring all Scheduled … Continue reading “Requirement for maintaining additional CRR”

RBI has directed that the foreign citizens (i.e. foreign passport holders) can exchange foreign exchange for Indian currency notes up to a limit of ₹ 5000/- per week till December 15, 2016 subject to the tenderer submitting a self-declaration that this facility has not been availed of during the week. The Authorized Person shall keep … Continue reading “Exchange facility for foreign citizens”