Page-3 of Companies Act
Government makes demat mandatory for issue and transfer of shares
Union Ministry of Corporate Affairs (MCA) has mandatory for unlisted public companies to issue new shares or transfer of all shares in dematerialised or demat (i.e. in electronic form) form beginning October 2, 2018. With this, major benefits of dematerialisation ..
Month: Current Affairs - September, 2018
Injeti Srinivas heads committee on review of penal provisions of Company Act 2013
The committee, chaired by Corporate Affairs Secretary Injeti Srinivas, has recently submitted final report on review of penal provisions of Company Act 2013 to the Union Minister for Finance & Corporate Affairs, Arun Jaitley. The Committee recommended that the existing ..
Government sets up committee to review the enforcement of CSR provisions
The Ministry of Corporate Affairs (MCA) has constituted 12-member committee to review enforcement of Corporate Social Responsibility (CSR) provisions under Companies Act, 2013. It will be headed by Regional Director (Western Region) Manmohan Juneja. Besides, there will be two sub-committees ..
Month: Current Affairs - April, 2018
Union Cabinet approves establishment of NFRA to oversee auditors
The Union Cabinet has approved the establishment of National Financial Reporting Authority (NFRA). The NFRA will act as an independent regulator for the auditing profession which was one of the key changes brought in by the Companies Act 2013. The ..
Government notifies the Companies (Amendment) Act, 2017
The Ministry of Corporate Affairs has notified the Companies (Amendment) Act, 2017. The Amendment Act amended some provisions of Companies Act, 2013. Few provisions in the Amendment Act have important bearing on the working of the Insolvency and Bankruptcy Code ..