MCA Circular on filing of DPT-4 and two new Rules

MCA Circular on filing of DPT-4 and two new Rules

NO NEED TO FILE FORM 23C AND 23D

As per MCA website, form 23C and 23D are not applicable for filing in relation to the appointment of Cost Auditor. New form required pursuant to new Cost Record & Audit shall be made available soon.

Ref: http://www.mca.gov.in/MinistryV2/Download_eForm_choose.html

EXTENSION OF TIME TO FILE FORM DPT-4

MCA vide its circular No. 27/2014, dated 30^TH June 2014 has extended the last date for filing form DPT-4 for two months without any additional fees.  Now the last date for filing the said form with ROC is 31^st August 2014.

You can download the this circular from the following link;

http://mca.gov.in/Ministry/pdf/General_Circular_27_30062014.pdf

TWO NEW RULES

Two new rules are issued by Ministry.

1.      Companies (Prospectus and Allotment of Securities) Amendment Rules, 2014

2.      Companies (cost records and audit) Rules, 2014

Thanks & Regards:

KASHIF ALI & ASSOCIATES

Company Secretaries

268, Business India Complex,

Uday Park, New Delhi-110049

Call us : +91 9718483209

Mail : cs.kashifali@gmail.com

 

MCA circular on Companies (Incorporation) Rules 2014

MCA circular on applicability of requirement of “Resident Director

 

Clarification with regard to holding of shares in a fiduciary capacity by associate company under section 2(6) of the Companies Act, 2013.

 

MCA clarification in relation to status of private company which is subsidiary of foreign company

MCA clarification on format of Annual Return 

 

Big relief to private limited companies

MCA CIRCULAR ON COMPANIES (INCORPORATION) RULES 2014

MCA CIRCULAR ON COMPANIES (INCORPORATION) RULES 2014

 MCA vide its circular No. 26/2014, dated 27^th June 2014 has clarified that the use of “Commodity Exchange” in the name of company shall be allowed only if certificate from “Forward Market Commission” is furnished.  

 Certificate form ‘Forward Market Commission will also be required in case of companies registered with word “Commodity Exchange” before the issue of this circular.

You can download the this circular from the following link;

http://mca.gov.in/Ministry/pdf/General_Circular_26_2014.pdf

https://docs.google.com/file/d/0B8PAtY9FrJZ8LU9ob2VEcDVfWG8/edit?usp=drive_web

  

Thanks & Regards:

KASHIF ALI & ASSOCIATES

Company Secretaries

268, Business India Complex,

Uday Park, New Delhi-110049

Call us : +91 9718483209

MCA circular on applicability of requirement of “Resident Director'

 

 

CLARIFICATION WITH REGARD TO HOLDING OF SHARES IN A FIDUCIARY CAPACITY BY ASSOCIATE COMPANY UNDER SECTION 2(6) OF THE COMPANIES ACT, 2013.

MCA CLARIFICATION IN RELATION TO STATUS OF PRIVATE COMPANY WHICH IS SUBSIDIARY OF FOREIGN COMPANY

MCA Clarification on format of Annual Return 

 

BIG RELIEF TO PRIVATE LIMITED COMPANIES

 

 

 

MCA circular on applicability of requirement of “Resident Director'

MCA circular on applicability of requirement of “Resident Director”

Section 149(3) requires every company to have one “Resident Director” who has stayed in India for not less than 182 in the previous calendar year. 

MCA vide its circular No. 25/2014, dated 26th June 2014, has clarified that ‘residency requirement’ would be reckoned from the date of commencement of the Act i.e. 1^st April 2014. The first previous calendar year for compliance of this provision would be calendar year 2014. The period to be taking into account for compliance of this section will be remaining period of calendar year 2014 (i.e. 1^st April to 31^st December 2014)-

Companies incorporated between 1^st April to 30^th Sep 2014 should have resident director at the time of incorporation or within 6 month of their incorporation.  Companies incorporated after 30^th Sep. 2014 need to have the resident director form the date of incorporation itself.

http://mca.gov.in/Ministry/pdf/General_Circular_25_2014.pdf

Thanks & Regards:

KASHIF ALI & ASSOCIATES

Company Secretaries

268, Business India Complex,

Uday Park, New Delhi-110049

Call us : +91 9718483209

CLARIFICATION WITH REGARD TO HOLDING OF SHARES IN A FIDUCIARY CAPACITY BY ASSOCIATE COMPANY UNDER SECTION 2(6) OF THE COMPANIES ACT, 2013.

MCA CLARIFICATION IN RELATION TO STATUS OF PRIVATE COMPANY WHICH IS SUBSIDIARY OF FOREIGN COMPANY

MCA Clarification on format of Annual Return 

 

BIG RELIEF TO PRIVATE LIMITED COMPANIES

 

 

 

 

 

CLARIFICATION WITH REGARD TO HOLDING OF SHARES IN A FIDUCIARY CAPACITY BY ASSOCIATE COMPANY UNDER SECTION 2(6) OF THE COMPANIES ACT, 2013.

CLARIFICATION WITH REGARD TO HOLDING OF SHARES IN A FIDUCIARY CAPACITY BY ASSOCIATE COMPANY UNDER SECTION 2(6) OF THE COMPANIES ACT, 2013.

In continuation of the General Circular No. 20/2013 dated 27/12/2013, it is clarified that the shares held by a company in another company in a ‘fiduciary capacity’ shall not be counted for the purpose of determining the relationship of `associate company’ under section 2(6) of the Companies Act, 2013.

General Circular 24/2014, dated 25^th June 2014

http://mca.gov.in/Ministry/pdf/General_Circular_24_2014.pdf

Thanks & Regards:

KASHIF ALI & ASSOCIATES

Company Secretaries

268, Business India Complex,

Uday Park, New Delhi-110049

Call us : +91 9718483209, 011-41407878

Note: Kindly note that the entire contents of this article have been developed on the basis of relevant statutory provisions and as per the information existing at the time of preparation i.e.  Act, notification, clarifications & circular issued till 25^th June 2014. Though we have made upmost efforts to provide authentic information, however we do not undertake any liability in any way whatsoever, to any person in respect of anything arising by reliance upon the content of this article

MCA CLARIFICATION IN RELATION TO STATUS OF PRIVATE COMPANY WHICH IS SUBSIDIARY OF FOREIGN COMPANY

 

MCA Clarification on format of Annual Return 

 

BIG RELIEF TO PRIVATE LIMITED COMPANIES