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Corporate Law News


Action against Companies Based on Investor Grievances

   04 September 2013 at 12:50

The Ministry of Corporate Affairs has initiated action against 49 companies in 2010-11, 39 companies in 2011-12 and 78 companies in 2012-13 based on investors’ grievances. Giving this information in written reply to a question in the Rajya Sab

Posted in Corporate Law |   5676 Views


Companies Act 2013 published in the Gazette of India

   03 September 2013 at 11:03

The Companies Bill, 2013 Receives the Assent of the President Published in the Gazette of India as Act No. 18 of 2013 The historic new Company Law in the country has been enacted with the President of India giving his assent to the Companies Bill,

Posted in Corporate Law  14 comments |   27312 Views


Non-Submission of Balance Sheets by Companies

   02 September 2013 at 13:09

Details of companies which did not file Balance Sheets and Annual Returns during last three years are as under: Period No of Companies Balance Sheets Annual Returns 2009-1

Posted in Corporate Law  5 comments |   15054 Views


Fraudulent Activities by Companies under sections 235/237 of the Companies Act, 1956

   02 September 2013 at 13:08

The Ministry of Corporate Affairs has received complaints against certain companies for allegedly defrauding investors by offering high returns. Giving this information in written reply to a question in the Lok Sabha recently, Shri Sachin Pilot, Min

Posted in Corporate Law |   14412 Views


Companies Bill receives Hon'ble President's assent-Companies Bill enacted into law

   31 August 2013 at 13:33

Companies Bill receives Hon'ble President's assent-Companies Bill enacted into law

Posted in Corporate Law  11 comments |   11220 Views


ICAI-Highlights of Companies Bill

   21 August 2013 at 16:01

WHY A NEW LAW WAS NEEDED? · The changing national and international economic environment Exponential growth of the Indian economy Changes in the stakeholders’ expectations Manifold Increase in Number of Companies Y

Posted in Corporate Law |   19824 Views


Spending on Corporate Social Responsibility by Companies

   21 August 2013 at 11:51

There is no provision for Corporate Social Responsibility (CSR) spending by companies in the present company law i.e. Companies Act, 1956. However, the new Companies Bill, 2012 has a provision of CSR under Clause 135 which states that every company

Posted in Corporate Law  1 comments |   7227 Views


Measures to Check the Incidents of Vanishing Companies

   21 August 2013 at 11:51

Presently, there are 87 companies falling under the category, “Vanishing Companies”. Giving this information in written reply to a question in the Lok Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that the FIRs have been

Posted in Corporate Law  1 comments |   4698 Views


CMA-Cost Audit And Role of Cost Accountants in Companies Bill, 2012

   16 August 2013 at 11:25

CMA Suresh Chandra Mohanty, President, Institute of Cost Accountants of India, congratulated the Hon’ble Union Minister of Corporate Affairs, Shri Sachin Pilot ji and his team for their unstinted efforts in reforming the corporate legislation

Posted in Corporate Law |   23196 Views


Request for extension of stamp duty payment not to be entertained by MCA

   13 August 2013 at 11:38

Stakeholders may kindly note that requests for extension of last date for payment of stamp duty beyond the expiry date would not be entertained by MCA w.e.f. 01.10.2013. Stakeholders are requested to make payment of stamp duty within the expiry date

Posted in Corporate Law  3 comments |   8352 Views