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Company incorporation can now be done through only INC-32 (SPICe)

Jan 05, 2017 MCA vide Notification dated December 29, 2016, has amended the Companies (Incorporation) Rules, 2014 through the Companies (Incorporation) Fifth Amendment Rules, 2016, which is effective from January 01, 2017. Major highlights of the amendments are given below: Form INC-2 i.e. form for nomination by the Subscriber or […]

SEBI to tighten noose on side deals between PE Investors and Promoters

Introduction 1. SEBI, in its board meeting held on September 23, 20161, took some significant decisions which will have a wider impact on the corporates, foreign investors, compliance officers, portfolio managers, SEBI-registered intermediaries and Indian investors at large. Some of the important decisions taken by the SEBI Board include allowing […]

Former Kingfisher Airlines CFO gets 18-mnth imprisonment in cheque bounce cases

A local court today sentenced A Raghunathan, former CFO of Kingfisher Airlines Ltd, to 18 months imprisonment in connection with two cheque bounce cases filed against him and businessman Vijay Mallya by GMR Hyderabad International Airport Ltd. Third Special Court Magistrate M Krishna Rao also imposed Rs 20,000 fine in […]

Companies (Management and Administration) Amendment Rules, 2016

To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i)] Government of India MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 23rd September, 2016 G S R (E). In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 of the Companies Act, […]

SEBI proposes Foreign Portfolio Investors to trade directly in Corporate Bonds without a broker

PR No. 139/2016 SEBI Board Meeting The SEBI Board met in Mumbai today and took the following important decisions: I. Amendment to SEBI Regulations to permit Foreign Portfolio Investors (FPIs) to trade directly in Corporate Bonds without a broker The SEBI (Foreign Portfolio Investor) Regulations, 2014 were notified on January […]

TRY IDS – Getting notices regarding cash deposited in savings bank accounts or sale and purchase of immovable properties

Taxpayers are getting notices with respect to cash deposited in savings bank accounts, as well as to sale and purchase of immovable properties. It may be helpful for such taxpayers to take benefit of the Income Declaration Scheme 2016, said Narayan Jain, tax expert while addressing the Smart Business interactive […]

Overview of GST

GST and its working: Goods and Service Tax (GST) as the name suggest is a one single tax on the supply of goods and services, right from the Manufacturing to the ultimate delivery to customer. Credits of input tax paid at each stage will be available in the subsequent stage […]

The Child Labour (Prohibition and Regulation) Amendment Act, 2016

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 30th July, 2016/Shravana 8, 1938 (Saka) The following Act of Parliament received the assent of the President on the 29th July, 2016, and is hereby published for general information:— THE CHILD LABOUR (PROHIBITION AND REGULATION) AMENDMENT ACT, 2016 35 OF […]

FAQs for Name Reservation and Company Incorporation

Q: What is Central Registration Centre (CRC)? The Central Registration Centre (CRC) is an initiative of Ministry of Corporate Affairs (MCA) in Government Process Re-engineering (GPR) with the specific objective of providing speedy incorporation related services in line with global best practices. Q: What services are offered by the CRC […]

Sebi approves BSE, NSE for electronic book mechanism launch

The capital market regulator on Tuesday approved stock market majors — BSE and the National Stock Exchange of India (NSE) — for launch of electronic book mechanism(EBM) for issuance of debt securities on private placement. The Securities and Exchange Board of India (Sebi) allowed the key stock markets to carry […]