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The Dictionary Meaning of Nidhi in Indian Context “In the Indian context / language means “TREASURE”. However, in the Indian financial sector it refers to any mutual benefit society notified by the Central / Union Government as a Nidhi Company. Nidhi Companies are created mainly for cultivating the habit of thrift and savings amongst its … Read more
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i)] Government of India Ministry of Corporate Affairs NOTIFICATION New Delhi, 30th June, 2016 G.S.R. .—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby … Read more
W.E.F. June 01, 2016 Government constituted the Benches of National Company Law Tribunal and hence, the Central Government vide Notification No. S.O. 1934(E) subject to the provisions of Companies Act, 2013, has declared 01.06.2016 as the date on which the provisions of the companies act shall come into force. These are the provisions, which yet … Read more
Ministry of Corporate Affairs seems to be serious about funding of CSR Money. As all the companies are, now a days, being asked by their concerned Registrar of Companies, by sending notice under section 206, to furnish the information/ documents specifically relating to CSR i.e. spending of CSR Money in various CSR Activities. Companies are … Read more
GOVERNMENT OF INDIA Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (AUDITOR’S REPORT) ORDER, 2016 Dated the 9th February, 2016 The Ministry had set-up a Committee on 16th September, 2015 to examine and recommend matter for inclusion in the statement to be attached with Auditor’s Report under Section 143(11) of the Companies … Read more
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 22nd January, 2016 G.S.R. (E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government … Read more
General Circular No. 2/2016 F.No.1/13/2012 CL-V Government of India Ministry of Corporate Affairs ******* 5th Floor, ‘A’ Wing, Shastri Bhavan Dr. R.P.Road, New Delhi-110001 Dated: 15th January, 2016 All the RDs, All the ROCs/OLs All stakeholders, Subject: Whether Hindu Undivided Family (HUF)/ its Karta can become partner/Designated Partner (DP) in Limited Liability Partnership (LLP). Sir, … Read more
The word “REGISTERED VALUER’ has got utmost importance under the companies Act, 2013. It almost covers the 15 areas of the act. In this article, I have tried to elaborate the areas and the valuation of reporting by the Registered Valuer. Section 247 Of The Companies Act, 2013 Contains Provisions Exclusively Regarding Registered Valuers. Definition … Read more
MCA has already extended the due date of annual filing forms without late fees up to 30th December 2015 as per circular dated 30/11/2015. Now MCA clarified that there will be no further extension. The clarification given on www.mca.gov.in is as below: – “The last date for annual filing forms is 30 Dec 2015 and no further extension would be accorded … Read more
MCA has already extended the due date of annual filing forms without late fees up to 30th December 2015 as per circular dated 30/11/2015. Now MCA clarified that there will be no further extension. The clarification given on www.mca.gov.in is as below: – “The last date for annual filing forms is 30 Dec 2015 and no further extension would be accorded … Read more