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Posted Date : 26-Jul-2012 , 09:06:26 am | Posted By CASANSAAR
A Notification vide No. G.S.R. 716(E). dated 23.09.2011 was issued, in view of the order of the Hon’ble High Court of Delhi dtd. 21.04.2011 in the matter of M/s. S.E. Investment Limited Vs Union Of India and Others {W.P. (c) 2393/2010 and CM Appl. 4794/2011}, the Hon’ble Court had inter ...
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Posted Date : 26-Jul-2012 , 06:41:09 am | Posted By CASANSAAR
Corporate Affairs Ministry has cracked the whip this time around on 13 companies most of which are in real estate. The registrar of companies is investigating allegations of money circulation and money laundering. In fact even the RBI has trained its guns on the alleged scams, reports CNBC-TV18's Ma...
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Posted Date : 24-Jul-2012 , 09:01:07 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has decided to impose a certain amount of fee on the following forms at the rates indicated in the table below:- S. No. Form No. Particulars of the Form Fee Applicable 1 Form 1 of Investor Educati...
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Posted Date : 21-Jul-2012 , 05:38:08 pm | Posted By CASANSAAR
Ministry vide circular number 14/2012 dated 21.06.2012 had imposed fees on Form 23B (Information by auditor to Registrar) w.e.f. 22/07/2012. Kindly note that the last date for filing the Form 23B without fee has been extended for two weeks. Fee shall be charged on a...
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Posted Date : 19-Jul-2012 , 08:44:36 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has decided to invite views/suggestions from various Individuals/Experts/Institutions/Organizations interested in the subject matter of the proposed ‘Multistate Societies Registration Bill, 2012’. All those desirous of submitting views/suggestions m...
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Posted Date : 19-Jul-2012 , 07:36:13 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has decided to further mandate the following select class of companies to file their Balance Sheet and Profit & Loss Account in XBRL mode for the financial year commencing on or after 1.4.2011 : (i) all companies listed with any Stock Exchange(s) in India a...
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Posted Date : 18-Jul-2012 , 07:31:35 am | Posted By CASANSAAR
The Corporate Affairs Ministry today said it has asked the Registrar of Companies (RoC) to look into the alleged financial irregularities of the mobile value-added services company OnMobile. "We are making some discreet inquiry. I don't know whether any fraud (financial...
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Posted Date : 17-Jul-2012 , 08:34:53 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) has moved a Cabinet note on the Companies Bill for making some key changes. According to the sources these changes have been made to take on board the objections raised by the Standing Committee on Finance, reports, Ronojoy Banerjee of CNBC-TV18. The ...
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Posted Date : 14-Jul-2012 , 08:56:03 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) has issued a fresh circular no. 16/2012, which mandates the following class of companies to file their Balance Sheet and Profit & Loss Account in XBRL mode for the financial year commencing on or after April 1, 2011: > All compani...
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Posted Date : 10-Jul-2012 , 07:28:18 am | Posted By CASANSAAR
"Mr. Ashok Chawla , Chairperson , Competition Commission of India has been elected unanimously the chair of the 12th session of Intergovernmental Group of Experts (IGE) on Competition law and policy, UNCTAD in Geneva. His name was proposed by the Chairperson of Competition Commission of Pakistan.UNC...
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Posted Date : 09-Jul-2012 , 07:17:34 am | Posted By CASANSAAR
The Corporate Affairs Ministry is fine-tuning the provisions of the new Companies Bill over the mandatory rotation of statutory auditors every five years to make them more "practical", MCA Minister Veerappa Moily said on Friday."Not exactly diluted, it is being fine-tuned, working something more pra...
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Posted Date : 05-Jul-2012 , 08:19:27 am | Posted By CASANSAAR
The big four audit firms can breathe easy as the Ministry of Corporate Affairs (MCA) has decided there will be no cap on the number of companies an audit firm can take on as clients. A source in the government told The Indian Express that the ministry has decided to drop the recomendation o...
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Posted Date : 03-Jul-2012 , 10:01:20 pm | Posted By CASANSAAR
The Competition Commission of India has found Fast Way Group abusing its dominance in the cable TV service in the territory of Punjab and Chandigarh in violation of the provisions of the Competition Act, 2002. The order was passed pursuant to investigation carried out by the Director General upon in...
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Posted Date : 23-Jun-2012 , 07:51:04 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has notified that Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules, 2012, has mandated every company to file e-Form 5INV containing the information of unclaimed and unpaid amounts as ...
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Posted Date : 19-Jun-2012 , 05:57:43 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has placed the New Guidelines for the Stake holders on its newly launched LLP Portal. Hence forth, any user willing to avail any LLP related service for which payment of fees is required need to register on MCA21 system. For reg...
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Posted Date : 18-Jun-2012 , 08:56:44 am | Posted By CASANSAAR
A parliamentary panel has recommended that the ministry of corporate affairs (MCA) define the concept of private placement in the proposed Companies Bill. The ministry has refrained from defining the term as it believes that the concept of public offer is already provided for in the law. Ho...
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Posted Date : 14-Jun-2012 , 07:37:46 am | Posted By CASANSAAR
In a new twist to the almost six-year-old dispute between the Tatas and the Aditya Birla Group over Idea Cellular Ltd, the ministry of corporate affairs (MCA) has issued fresh notices to three Tata group companies, asking them to furnish their shareholding details by June 13, according to a ministry...
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Posted Date : 11-Jun-2012 , 10:05:33 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs, has achieved a new milestone by integrating e-Governance project for Limited Liability Partnership (LLP) under the platform of MCA21. This initiative has been taken on the advice of Union Corporate Affairs Minster Dr. M.Veerappa Moily. This will result in prov...
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Posted Date : 11-Jun-2012 , 01:00:46 pm | Posted By CASANSAAR
Introducing Limited Liability Partnership (LLP) Registration through Electronic Mode (E-Filing). A. LLP REGISTRY PROCESS FOR NEW UNITS 1. LLP registration process has been upgraded and aligned with MCA Portal 21. 2. Ministry has since decentralized this process. Hencefo...
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Posted Date : 05-Jun-2012 , 08:03:13 am | Posted By CASANSAAR
Indian companies, grappling with slowing business environment and deferment of projects, will now have to contend with another challenge from a recent change in accounting principles that will increase their current liabilities and limit ability to borrow. The changes approved by the ...
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Posted Date : 04-Jun-2012 , 08:24:21 am | Posted By CASANSAAR
An initial probe by the Serious Fraud Investigation Office (SFIO), the investigative arm of the Ministry of Corporate Affairs, into the Reebok India scam suggested the amount of Rs 870 crore as alleged by the company’s German parent, appeared “exaggerated”. “We have ...
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Posted Date : 02-Jun-2012 , 07:52:11 am | Posted By CASANSAAR
XBRL is a global standard for easy exchange of business information between different government departments and regulators under which financials are filed in a XBRL syntax as an .xml file instead of uploading the records in .doc or pdf format. "This is a welcome move by the MCA ...
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Posted Date : 01-Jun-2012 , 07:36:41 am | Posted By CASANSAAR
Ministry of Corporate Affairs Government of India Dear Corporates, In Our Continued Endeavor To Enhance The Services To Stakeholders, MCA Announces Launch Of Upgraded LLP Registry From 11th June 2012. Stakeholders- Will Now Have Facility Of Online Payment From A...
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Posted Date : 01-Jun-2012 , 07:32:22 am | Posted By CASANSAAR
Law enforcement agencies looking into the alleged financial irregularities at the Indian arm of Adidas AG’s Reebok unit are set to widen their probe to include audit firm KPMG India. Maheshwar Dayal, deputy commissioner of police, Gurgaon (east), and a corporate affairs ministry official with...
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Posted Date : 31-May-2012 , 07:29:37 am | Posted By CASANSAAR
The ministry of corporate affairs (MCA) has set up an experts committee under the chairmanship of Jaydeep N Shah, president of the Institute of Chartered Accountants of India (ICAI), for following up action points on several issues associated with investor education and grievances redressa...
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Posted Date : 30-May-2012 , 07:51:58 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has after giving due consideration decided that any Financial Institution applying for declaration as PFI shall fulfil the following criteria:- (a) A company or corporation should be established under a special Act or the Companies Act, 1956 being a central act...
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Posted Date : 29-May-2012 , 01:38:54 pm | Posted By CASANSAAR
Corporate Affairs Minister Veerappa Moily today said "something wrong" has been found in the books of Reebok India, which has accused two of its former top executives of a Rs 870-crore fraud. The minister also said the matter has now been referred to the Serious Fraud Investigation Office (...
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Posted Date : 23-May-2012 , 10:33:03 pm | Posted By CASANSAAR
The Corporate Affairs Ministry today ordered a scrutiny of the books of accounts ofsportswear maker Reebok's Indian arm over complaints of an alleged Rs 870-crore fraud. "We have ordered an enquiry under section 234 of the Companies Act, which is a non-invasive scrutiny. The Regi...
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Posted Date : 15-May-2012 , 08:49:34 am | Posted By CASANSAAR
A Company Secretary here has clarified that he had filed returns of two companies, over which questions were raised in Parliament, to the Registrar of Companies under his e-mail id for his administrative convenience. “I am a qualified practising Company Secretary. As a practising Company Secr...
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Posted Date : 15-May-2012 , 08:47:12 am | Posted By CASANSAAR
Draft of notice to be displayed on LLP website Ministry of Corporate Affairs NOTICE 1. The Ministry is in process of integration of LLP system into MCA-21 in the month of june 2012 by allowing filing & approval of LLP forms at MCA-21 website (www.mca.gov.in) for bett...
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