Issue of securities in dematerialized form by unlisted public companies
- Admin
- 06 Mar, 2020
Ministry of Corporate Affairs vide its Notification dated 10th September 2018 had amended Companies (Prospectus and Allotment of Securities) Rules, 2014. By virtue of this amendment, all unlisted public companies are required to issue/ transfer securities in demat form only and also to dematerialise the existing securities, w.e.f. 2ndOct. 2018, as a measure to enhance transparency, investor protection and corporate governance standards, etc
No More Government Approval For Managerial Remuneration
- Admin
- 06 Mar, 2020
Ministry of Corporate Affairs (MCA) vide its notification dated 12th September 2018 had provided a major relief to Companies willing to pay managerial remuneration beyond the threshold limits as per provisions of Companies Act, 2013.
New Return To Be Field By All Companies For Outstanding Payables To Micro And Small Enterprises - From1
- Admin
- 06 Mar, 2020
The Ministry of Micro, Small and Medium Enterprises (MSME) has issued a notification dated 2nd November, 2018, to protect the interest of Micro and Small Enterprises. As per the above said notification, all Companies who get supplies of goods or services from the micro and small enterprises and whose payments to micro and small enterprises suppliers exceed forty five (45) days shall submit a half yearly return to the Ministry of Corporate Affairs
KYC of Companies - Verification of registered office etc.
- Admin
- 06 Mar, 2020
After having introduced KYC of directors of Companies in 2018, Ministry of Corporate Affairs (MCA) has introduced KYC of Companies by way of notification dated 21st February, 2019.The said notification shall be effective from 25th February, 2019By way of above notification, MCA the amended the Companies (Incorporation) Rules, 2014 by insertion of Rule 25A.
New Corporate Income Tax By Government Of India
- Admin
- 06 Mar, 2020
The amendments were announced by the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman. For your kind reference, we have compiled the key amendments which are as under