Form SPICe MoA, SPICe AoA are likely to be revised on MCA21 w.e.f 26th FEB 2017.

Vide the Companies (Incorporation) Amendment Fifth Rules, 2016 dated 29th December 2016, INC-2 is deprecated and INC-7 shall be used for incorporating Part I Companies and companies with more than seven subscribers only. The revised INC-7 shall be made available on the portal for filing purposes w.e.f 15th January 2017. For incorporating OPCs and Companies … Continue reading “INC-7 form withdrawl for incorporating OPC and Companies with up to Seven Subscribers”

The due date for submission of refund application in Form e-501 ups 51 of MVAT Act, 2002 for the period 2014-15 was 30.09.2016. Now due to the technical problems faced by dealer it has been extended by 7 days i.e up to 08/10/2016.

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”

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’”

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”

MCA has made further amendments to Schedule II to the Comapnies Act, 2013 to clarify that relevant Ind AS shall apply for computation of amortization amount over the useful life of intangible assets. However, where a company is not required to comply with the Ind AS, it shall comply with relevant Accounting Standards under Companies … Continue reading “MCA Amended Schedule II of the Companies Act, 2013”

MCA declared that there will be no extension of last date beyond 29th Nov 2016 for filing financial statements and Annual Returns under the Companies Act, 2013 using e-forms AoC-4/AoC-4 (XBRL)/AoC-4 CFS or MGT-7 as the case may be without payment of additional fee. Additional fee as applicable from the next day of the original … Continue reading “Last date for filing financial statements and Annual Returns”