PROCESSING OF E-FORM MGT-14 THROUGH ‘STP MODE’
MCA vide its circular No.
28/2014, dated 9th July 2014, has clarified that, w.e.f. 21st July 2014, E-form MGT-14
shall be processed and taken on record using the ‘Straight Through Process’
(STP Mode).
However E-form MGT-14 filed for the following shall not
be processed through STP mode;
1.
Change of Name
2.
Change of object
3.
Resolution for further issue of capital
4.
Conversion of companies
COMPANIES (REMOVAL OF
DIFFICULTIES) FIFTH ORDER
MCA vide its order dated 9th
July 2014, has amended the definition of ‘related party’ by substituting the word ‘or’ by ‘and’ in sub
clause (v) of clause (76) of Section 2 of the Companies Act 2013.
After amendment the
definition of related party will be as below;
2(76) “related party”, with reference to a
company, means—
i.
a director
or his relative;
ii.
a key
managerial personnel or his relative;
iii.
a firm, in
which a director, manager or his relative is a partner;
iv.
a private
company in which a director or manager is a member or
director;
v.
a public
company in which a director or manager is a director and holds along with his relatives, more than
two per cent. of its paid-up share capital;
vi.
any body corporate whose Board of Directors,
managing director or manager is accustomed to act in accordance with the
advice, directions or instructions of a director or manager
vii.
any person
on whose advice, directions or instructions a director or manager is accustomed
to act:
Provided that nothing in sub-clauses (vi)
and (vii)
shall apply to the advice, directions or instructions given in a professional
capacity;
viii.
any company which is—
a. a holding,
subsidiary or an associate company of such company; or
b. a subsidiary of a holding company to which it
is also a subsidiary;
ix.
such other
person as may be prescribed;
Our endeavor is to provide you updates on
Companies Act, 2013. Your suggestions will help us to improve the content of
this blog..
-
Thanks & Regards:
KASHIF ALI & ASSOCIATES
Company Secretaries
268, Business India Complex,
Uday Park, New Delhi-110049
Call us : +91 9718483209
No comments:
Post a Comment