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KEY TAKE AWAY -THE COMPANIES (AMENDMENT) BILL, 2020
KEY TAKE AWAY -THE COMPANIES (AMENDMENT) BILL, 2020 The government has passed The Companies (Amendment) Bill, 2020 as Bill No. 88 of 2020 to further amend Companies Act, 2013. CLC Committee submitted its report in November 2019. There are amendments in 66 Sections of Companies
Extension of the last date of filing of Form NFRA-2.
To All RDs, All ROC, The Stakeholders. Subject: Extension of the last date of filing of Form NFRA-2. Sir, In continuation of the Ministry’s General Circular No. 14/2019 dated 27th November 2019 and after due examination, it has been decided that the time limit for
Exemptions to Government Companies under Section 462
Exemptions to Government Companies under Section 462 G.S.R. _ (E). -In exercise of the powers conferred by clauses (a) and (b) of subsection (1) and in pursuance of sub-section (2) of section 462 of the companies Act, 2013 (18 of 2013), the Central Government,
Clarification on Prosecutions Filed or Internal Adjudication Proceedings Initiated
To, All Regional Directors, All Registrar of Companies, All Official Liquidators. Subject: Clarification on prosecutions filed or internal adjudication proceedings initiated against Independent Directors, non-promoters and non-KMP non-executive directors. Sir, Under several provisions of the Companies Act, 2013 [Act], proceedings are required to be initiated
STANDARD ON INTERNAL AUDIT (SIA) 250 EXPOSURE DRAFT: ICAI
STANDARD ON INTERNAL AUDIT (SIA) 250 COMMUNICATION WITH THOSE CHARGED WITH GOVERNANCE 1 Introduction 1.1 Standard on Internal Audit (SIA) 360 “Communication with Management” mandates the need to have effective two-way communication with management for the achievement of internal audit objectives. This Standard covers the
Brief Note on Lifting the Corporate Veil
Lifting of Corporate Veil Black Law’s Dictionary defines piercing of corporate veil as follows: “the judicial act of imposing personal liability on otherwise immune corporate officers, directors, or shareholders for the corporation’s wrongful acts” The principle of the veil of incorporation is a legal concept
MCA exempts experienced KMP & Directors from Online Test
MCA exempts experienced Key Managerial Personnel and Directors from Online Test on Appointment of Independent Directors G.S.R._(E):- In exercise of the powers conferred by section .1.49 read, with section 469 of the Companies Act,2013 (1g of 2013), the Central Government hereby makes the following rules
10 Major Changes in CARO, 2020 vs CARO, 2016 in Fastrack Summary Mode
10 Major Changes in CARO, 2020 vs CARO, 2016 in Fastrack Summary Mode As you would be aware, Companies (Auditor’s Report) Order 2020 or CARO 2020 has been notified by MCA, applicable with effect from 25th February 2020. Note that earlier it was 16 Clauses
THE TERMINATED EMPLOYEES (WELFARE) BILL, 2020
THE TERMINATED EMPLOYEES (WELFARE) BILL, 2020 A Bill to provide for the welfare measures for the employees who have been terminated by the employers and for matters connected therewith or incidental thereto. Section 1. Short, Title and Application. (1) This Act may be called the Terminated Employees
Companies (Appointment and Qualification of Directors) Amendment Rules, 2020.
Companies (Appointment and Qualification of Directors) Amendment Rules, 2020. G.S.R.- (E):- In exercise of the powers conferred by section .1.49 read, with section 469 of the Companies Act,2013 (1g of 2013), the Central Government hereby makes the following rules further to amend the Companies (Appointment
Companies (Incorporation) Amendment Rules, 2020.
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION G.S.R 128(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 hereby makes the following rules further to amend the Companies (Incorporation) Rules, 2014, namely:
CARO 2003, 2015, 2016 and 2020 comparison table
Clause by Clause Comparison of the Reporting Companies (Auditor’s Report) Order 2020 vis a vis Previous CAROs CARO 2003 2015 2016 2020 ISSUE DATE June 2003 10 April 2015 29 March 2016 25th February 2020 EFFECTIVE DATE July 2003 Audits of FY 2014-15 and onwards