Thursday, 27 July 2017
Wednesday, 26 July 2017
Clarification regarding applicability of exemption u/s 143(3)(i) of Companies Act, 2013
Ministry of Corporate Affairs (MCA) has issued a circular dated 25th July, 2017 clarifying the year from which the exemption u/s 143(3)(i) of the Act will be applicable to certain private limited companies.
Earlier, MCA had issued a notification dated 13th June, 2017 amending its previous notification dated 05th June, 2015 which has prescribed exemptions for Private Limited Companies. By this new notification dated 13th June, 2017, alongwith other matters, MCA has given exemption that Auditor is not required to mention details about internal financial control for certain private companies (small companies, OPCs and other specified Private companies).
However, it was not clear from which year this exemption can be implemented. Upon seeking clarifications by stakeholders, MCA by issuing the Circular dated 25th July, 2017 has clarified that this exemption shall be applicable to those audit reports in respect of financial statements pertaining to financial years commencing on or after 01st April, 2016 which are made on or after 13th June, 2017.
Copy of this Circular can be accessed at below link:
Copy of Notification dated 13th June, 2017 can be accessed at below link:
Friday, 21 July 2017
Stakeholders are advised to make a note of the changes and use new version of MCA XBRL Validation Tool V3.0.6 while filing AOC-4 XBRL.
CS Prakash Verma
Wednesday, 19 July 2017
Tuesday, 11 July 2017
Insolvency resolution ecosystem is not ready yet, says SBI's Arundhati Bhattacharya
Friday, 7 July 2017
Company wrongly shown issued capital as Rs.84 cr instead of Rs.100 cr. in violation of Sec.211 of CA 1956. Co. contended that the default did not cause any prejudice to members, creditors and no harm was caused to public interest. NCLT however refused to compound the offence:
Wednesday, 5 July 2017
Above said info may be access from below link -
CS Prakash Verma
Tuesday, 4 July 2017
Monday, 3 July 2017
|The current webpage lists the periodic updates done in the comprehensive e-filing module for Patents:|
|Petition u/r 128||Addition of Rule 128 in "On petition not otherwise provided for"||2017-06-21|
|Segregation of different Petitions under Form 30||Seperate entries of Petition in Entry no. 46 (Schedule 1)||2017-06-21|
|Request for Withdrawal U/R 11A(3)(c)||New entry provided in Form 30 (without fee)||2017-06-19|
|Filing of Response to office action||New entry has been provided in Form 30 (both with fee as well as without fee)||2017-06-14|
|Issues with respect to type of applicant (NP/ONP/SE/SU) in fee calculation||Provision of selection of type of applicant has been provided in form 18, form 18A, Renewal of patent, form 9 and transmittal fee||2017-06-12|
|Conversion of CS to PS under section 9(3)||New entry provided in Form 30 (without fee)||2017-06-07|
|Request for Hearing U/R 84(2)||New entry provided in Form 30 (without fee)||2017-05-29|
|Notify the Controller whether he will attend the hearing U/R28(4)||New entry provided in Form 30 (without fee)||2017-05-29|