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MCA notified NFRA Rules
MCA vide Notification dated 13th November, 2018, has notified the National Financial Reporting Authority Rules, 2018 w.e.f. 13/11/2018.Key highlights of the Rules:Classes of companies and bodies corpo...
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Cabinet approves Allied and Healthcare Professions Bill, 2018
Press Information Bureau Government of IndiaCabinet22-November-2018 13:36 ISTCabinet approves the Allied and Healthcare Professions Bill, 2018 for regulation and standardisation of education and servi...
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Extension of Norms for Mandatory Packaging in Jute Materials
Press Information Bureau Government of IndiaCabinet Committee on Economic Affairs (CCEA)22-November-2018 13:29 ISTExtension of Norms for Mandatory Packaging in Jute Materials The Cabinet Committee on...
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MCA Invites public comments on Competition Act, 2002
Govt. of IndiaMinistry of Corporate Affairs(Competition 86 NFRA Section)Invitation for public comments on the Competition Act, 2002.The Ministry of Corporate Affairs (MCA) constituted a Competition La...
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ICAI Survey on ‘State of the Internal Audit Profession in India’
Survey on the “State of the Internal Audit Profession in India” by Internal Audit Standards Board, ICAI – Seeking Member’s Inputs – (20-11-2018)SURVEY ON THE STATE OF THE INTERNAL AUDIT PROFESSION IN...
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Dr. Hasmukh Adhia, the Finance Secretary, retires
at the end of this month. He has been in the Finance Ministry for four years and held the specific responsibility of the Revenue Secretary for the last three years. As Secretary, Financial Services, D...
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Father’s name non-mandatory in PAN application form: CBDT
Income Tax department does away with mandatory quoting of father’s name for PAN applications vide Notification No. 82/2018 dated: 19th November, 2018. The notification has also made it mandatory for e...
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Cabinet approves Laying down mechanism for sale of enemy shares
Cabinet approves Laying down procedure and mechanism for sale of enemy sharesThe Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the mechanism and procedure for sale of the ene...
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Committee of Experts report on Regulating audit firms & Networks
The Committee of Experts has submitted its report on Regulating audit firms and the Networks to the Government of India through the Secretary, Ministry of Corporate Affairs. The Committee was constitu...
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ICAI Elections 2018- Manner of Recording of Votes
It is brought to the knowledge of all members eligible to vote that the Central Government has notified the amendments made in the Chartered Accountants (Election to the Council) Rules, 2006 in the Ga...
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CBI Arrests Assistant GST Commissioner In Alleged Bribery Case
CBI ARRESTS AN ASSISTANT COMMISSIONER OF GST AND A PRIVATE PERSON IN AN ALLEGED BRIBERY CASEThe Central Bureau of Investigation (CBI) has arrested an Assistant Commissioner, Goods & Service Tax, Gover...
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FM defends Demonitisation & explains its Impact
Following is the Text of the Article written by the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley on completion of two years of Demonetisation entitled “ Impact of Demonitisation”...
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Procedure to apply for MSME loans up to Rs 1 crore in 59 minutes
The government has recently announced a quick loan scheme for MSME Sector, in which they claim to approve the loan in less than an hour. They have launched a dedicated portal to apply for the loan: ht...
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MCA proposes 20 further Amendments in Companies Act, 2013
Ministry of Corporate AffairsSubject:- Amendments in the Companies Act, 2013 NOTICE INVITING COMMENTSPursuant to the recommendations made by “Committee to review the offences under the Companies Act,...
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Justice Pradipkumar Premshankar Bhatt appointed as ITAT president
MINISTRY OF LAW AND JUSTICE(DEPARTMENT OF LEGAL AFFAIRS)NOTIFICATIONNew Delhi, the 2nd November, 2018No. A-12023(1)/15/2016-Admn.-III (LA).—In exercise of the powers conferred by Sub-Section 3 of Sect...
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President gave assent to the Companies (Amendment) Ordinance, 2018
The President has given his assent to the Companies (Amendment) Ordinance, 2018 (“Ordinance”) dated 02nd November, 2018 w.e.f. 02/11/2018. The Ordinance has been promulgated based on the ‘Report of th...
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Relaxation of Additional fees and extension of last date of in filing of forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the Companies Act, 2013
MCA has been decided to relax the additional fees payable by companies on e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL and e-form MGT-7 upto 31st December, 2018, wherever additional fee is applicable.
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Two new Registrar of Companies (RoC) offices established
MCA has established the following offices of the Registrar of Companies:S. No.Registrar of CompaniesTerritorial jurisdiction>1. Registrar of Companies at VijayawadaWhole State of Andhra Pradesh2. Regi...
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Highlights of the Companies (Amendment) Ordinance, 2018
President gave assent to the Companies (Amendment) Ordinance, 2018 The President has given his assent to the Companies (Amendment) Ordinance, 2018 (“Ordinance”) dated 02nd November, 2018 w.e.f. 02/11/...
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A year on from the Paradise Papers, the lack of progress is worrying
A year on from the Paradise Papers, the world has not made sufficient progress to tackle the secrecy that facilitates the hiding of wealth in tax havens. With 10% of global GDP estimated to be hidden...