Amendment in Companies Act likely in 3 phases: Sources

The Ministry of Corporate Affairs (MCA) is likely to amend or clarify the Companies Act 2013 in three phases, said sources. Sources  learns that the ministry is likely to invoke Section 470 to expedite the implementation of the Act, reports Malvika Jain. Since the notification of this Act April 1, 2014, there have been demands Read more about Amendment in Companies Act likely in 3 phases: Sources[…]

Clarification on applicability of Resident Director

The Ministry of Corporate Affairs has issued a circular dated 26.06.2014 to provide clarification on the criteria of calculation of 182 days for the appointment of Resident Director as specified under section 149 (3) of the Companies Act, 2013 which says that a company shall have a director who has stayed in India for a Read more about Clarification on applicability of Resident Director[…]

clarification subsidiaries incorporated to be/ incorporated by companies incorporated outside India cos act 2013

Ministry of Corporate Affairs A’Wing, Sth Floor, Shastri Bhawan Dr. R.P. Road, New Delhi110001 Date:25.06.2014 Regional Directors, Registrars of Companies, Stakeholders. Subject: Clarification relating to incorporation of a company i.e. company Incorporated outside India, Sir,Government has received references seeking clarity about the statusof subsidiaries incorporated/to be incorporated by companies incorporatedoutside India. Attention has, in particular, Read more about clarification subsidiaries incorporated to be/ incorporated by companies incorporated outside India cos act 2013[…]

Latest Notification MCA Notification June 2014

“MCA 2014:as started taking action on difficulties being faced by corporate sector on implementation of Companies Act 2013. A draft notification has been issued for exemption to private companies from several important provisions and comments have been invited by 1.7.2014:http://www.mca.gov.in/Ministry/pdf/Draft_Notification_24062014_1.pdf“ 9811453353

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