MCA clarifies the mandating Companies to round off figures appearing in Financial Statements
MCA vide an update dated September 26, 2022, clarifies the following: “CLARIFICATION: Amendment to Schedule III to the Companies Act, 2013 vide MCA Notification GSR. 207(E) dated March 24, 2021 mandates companies to round off the figures appearing in the Financial Statements depending upon their total income. However, if the companies provide absolute figures in e-forms ie. AOC-4, the […]
MCA amends the Companies (Corporate Social Responsibility Policy) Rules, 2014
MCA vide its notification dated September 20, 2022 amended the Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter referred to as “the said rules”) and called it the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022 (“the said amendment”). In the said amendment:
MCA amends the Companies (Specification of Definition Details) Rules, 2014
MCA vide its notification dated September 15, 2022 amends the Companies (Specification of definition details) Rules, 2014 and called it the Companies (Specification of definition details) Amendment Rules, 2022. In the Companies (Specification of definition details) Rules, 2014, in rule 2, in sub-rule (1), for clause (t), the following clause is substituted: “(t) For the purposes of […]
MCA amends the notification of the GOI, notifying Corporate Debtors competent to make an application for fast track Corporate Insolvency Resolution Process
MCA vide its notification dated August 30, 2022 amended the notification of the Government of India, in the Ministry of Corporate Affairs, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide S.O. 1911(E), dated June 14, 2017 (“said notification”). In the said notification, clause (b) is substituted by the following: “(b) a Startup (other […]
MCA amends the Companies (Registration of Charges) Rules, 2014
MCA vide its notification dated August 29, 2022 amended the Companies (Registration of Charges) Rules, 2014 and called it the Companies (Registration of Charges) Second Amendment Rules, 2014.
MCA amends the Companies (Acceptance of Deposits) Rules, 2014
MCA vide its notification dated August 29, 2022 amended the Companies (Acceptance of Deposits) Rules, 2014 and called it the Companies (Acceptance of Deposits) Amendment Rules, 2022 (“the said amendment”). In the Companies (Acceptance of Deposits) Rules, 2014:
MCA amends the Companies (Appointment and Qualification of Directors) Rules, 2014
MCA vide its notification dated August 29, 2022 amended the Companies (Appointment and Qualification of Directors) Rules, 2014 and called it the Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2022 (“the said amendment”). In the Companies (Appointment and Qualification of Directors) Rules, 2014, in the Annexure, e-form DIR-3-KYC and web-form DIR-3-KYC-WEB are substituted by the […]
MCA amends the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016
MCA vide its notification dated August 24, 2022 amended the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 and called it the Companies (Removal of Names of Companies from the Register of Companies) Second Amendment Rules, 2022. In the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016:
MCA amends the Companies (Incorporation) Rules, 2014
MCA vide its notification dated August 18, 2022 amended the Companies (Incorporation) Rules, 2014 and called it the Companies (Incorporation) Third Amendment Rules, 2022. In the Companies (Incorporation) Rules, 2014, after rule 25A, the following rule is inserted: 25B. Physical verification of the Registered Office of the company. (1) The Registrar, based upon the information or documents […]
MCA amends the Companies (Accounts) Rules, 2014
MCA vide its notification dated August 05, 2022 makes rules further to amend the Companies (Accounts) Rules, 2014 and called them the Companies (Accounts) Fourth Amendment Rules, 2022. In the Companies (Accounts) Rules, 2014, in rule 3: