Various measures taken by Ministry of Corporate Affairs (MCA) to fight COVID-19 pandemic (MCA Press release dated 20 July 2021)

The Ministry of Corporate Affairs (MCA) primarily administers the provisions of the Companies Act, 2013 (the Act), the Limited Liability Partnership Act, 2008 and the Insolvency and Bankruptcy Code, 2016. This was stated by Minister of State for the Ministry of Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question inContinue reading “Various measures taken by Ministry of Corporate Affairs (MCA) to fight COVID-19 pandemic (MCA Press release dated 20 July 2021)”

Closure/shutting down of Company(कंपनी बंद कैसे करें ?)

Dear Friends, Please find below YouTube video link on Closure/shutting down of Company(कंपनी बंद कैसे करें ?)(Sale/transfer of Company, Striking off Company, Winding up of company, Getting Dormant status) Regards,Bipul Kumar

Extension of last date for submission of public comments to 30th July, 2021 for Consultation Paper on Enhancing Engagement with Stakeholders

The National Financial Reporting Authority (NFRA) has extended the last date for submission of comments on its Consultation Paper titled “Enhancing Engagement with Stakeholders: Report of Technical Advisory Committee (March 2021)” from 10th July, 2021 to 30th July 2021. Consultation paper may be viewed at https://nfra.gov.in/consultation_papers. The comments may either be submitted by email at comments-tac.paper @nfra.gov.in or sent by postContinue reading “Extension of last date for submission of public comments to 30th July, 2021 for Consultation Paper on Enhancing Engagement with Stakeholders”

Relaxation on levy of additional fees in filing of certain Forms(including DPT-3 & Form CFSS) under the Companies Act, 2013 and LLP Act 2008- Extension of time till 31st Aug 2021.

MCA Vide General Circular No. 11/2021 dated 30th June, 2021 relaxing levy of additional fees in filing of certain Forms(including DPT-3 & Form CFSS) under the Companies Act, 2013 and LLP Act 2008 till 31st Aug 2021. Circular says, In continuation to this Ministry’s General Circular No 06/2021 dated 03 May 2021  and on accountContinue reading “Relaxation on levy of additional fees in filing of certain Forms(including DPT-3 & Form CFSS) under the Companies Act, 2013 and LLP Act 2008- Extension of time till 31st Aug 2021.”

New Accounting Standards Rules for Small and Medium Sized Company (SMC) w.e.f. 01st April 2021 -Companies (Accounting Standards) Rules, 2021 (MCA Notification dated 23 June 2021)

Dear Friends, Please find below YouTube Video link on New Accounting Standards Rules for Small and Medium Sized Company (SMC) w.e.f. 01st April 2021 -Companies (Accounting Standards) Rules, 2021 (MCA Notification dated 23 June 2021) ✅ New definition of SMC ✅Applicability date of AS rules ✅Obligation to comply with Accounting Standards ✅Benefits of New DefinitionContinue reading “New Accounting Standards Rules for Small and Medium Sized Company (SMC) w.e.f. 01st April 2021 -Companies (Accounting Standards) Rules, 2021 (MCA Notification dated 23 June 2021)”

Companies (Indian Accounting Standards) Amendment Rules 2021 MCA notification dated 18th June 2021

MCA has notified the Companies (Indian Accounting Standards) Amendment Rules, 2021 to further amend the Companies (Indian Accounting Standards) Rules,2015. New amendments will be effective from date of publication in official Gazette. As per amendment rules following Ind AS has been amended : 1. Ind AS 101 First-time Adoption of Indian Accounting Standards 2. IndContinue reading “Companies (Indian Accounting Standards) Amendment Rules 2021 MCA notification dated 18th June 2021”

Inclusion of Independent director in databank of Independent Directors after payment of additional fees, in case of delay in applying/renewal (MCA Notification dated 18th June 2021)

MCA has issued notification on 18th June 2021 by Companies (Creation andMaintenance of databank of Independent Directors) Amendment Rules, 2021 inserting sub rule 8 in Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019. As per new sub rule 8, In case of delay on the part of an individual in applying toContinue reading “Inclusion of Independent director in databank of Independent Directors after payment of additional fees, in case of delay in applying/renewal (MCA Notification dated 18th June 2021)”

Ministry of Corporate affairs eases rules for board meetings conducted through virtual mode

Amid the coronavirus pandemic, MCA  amended  new rules shifting from physical board  meetings to meeting through virtual mode. MCA has amended the Companies (Meetings of Board and its Powers) Rules, 2014, omitting Rule 4 by Companies (Meetings of Board and its Powers) Amendment Rules, 2021 vide MCA Notification dated 15th June 2021. To curb the difficultiesContinue reading “Ministry of Corporate affairs eases rules for board meetings conducted through virtual mode”

Issue of Securities-Public offer, Rights issue, Private placement, Offer for Sale, IPO, FPO

A company can raise funds through issue of securities.  Issues of Securities can be classified as a 1. Public   2. Rights or 3. Preferential issues /private placements. While public and rights issues involve a detailed procedure, private placements or preferential issues are relatively simpler. : Public offer : “Public offer” includes initial public offer orContinue reading “Issue of Securities-Public offer, Rights issue, Private placement, Offer for Sale, IPO, FPO”

Fund raising options available for Private Limited Company

Every business needs fund for plant/machinery/fixed assets, working capital, business expansion etc. In this video, I have listed some fund raising options available for Private Limited Company as under-A. Further Issue of Capital–Right Issue, Employee stock optional plan (“ESOP”), Private Placement/ Preferential Allotment B. Loan and Debenture– Loan, Unsecured Loan from Director and his Relatives,Continue reading “Fund raising options available for Private Limited Company”