There are no provisions in the Companies Act, 1956 or 2013 relating to Chit Funds or ‘Chit Fund Companies’. Provisions to this effect are contained in the Chit Funds Act, 1982 which is a Central Act administered by the Ministry of Financ ..
The Ministry of Finance is in the process of strengthening the regulatory framework of the commodity derivative markets for some time. As part of this process, greater empowerment of Forward Markets Commission (FMC), the market regulator is also bei ..
Makes Provision for Empowering SEBI to Initiate Action Against Unregulated Deposit Taking and Ponzi Schemes ; to call for Relevant Information and Records From any Person Among Others Securities Laws (Amendment) Bill 2014 has been introduced in L ..
No instances of transfer of money abroad by companies on account of any lacunae in the provisions of the Companies Act 1956/2013 has so far been brought to the notice of Ministry of Corporate Affairs by stakeholders or the relevant Agencies of the G ..
Companies Act 2013 has been enacted only last year and so far a little more than half of its provisions have come into force. Matters arising from the operation of provisions already brought in force are getting attention of Government in the form o ..
Section 149 of the Companies Act, 2013 read with Rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 2014 makes it mandatory for every listed company and every public company having paid-up share capital of not less than Rupe ..
The Central Government in the exercise of the powers conferred by sub-section (1) of Section 203 of the Companies Act, 2013 (18 of 2013) read with clause (51) of Section 2 and Section 469 of the said Act, amended the Companies (Appointment and Remu ..
Following receipt of queries and suggestions from stakeholders, it has been decided to amend Rule 6 of the Companies (Meetings and Powers of Board) Rules, 2014. This will provide additional time for companies in constituting Audit Committees, and No ..
Ministry of Corporate Affairs, Government of India has published a circular with clarification with regard to Section 180 of the Companies Act, 2013. The MCA acknowledged of receiving many representations regarding various difficulties arising out ..
The Securities and Exchange Board of India (SEBI) has asked all listed companies to prepare an annual document where all relevant information is available at one place. The document shall be known as ''Annual Information Memorandum'' ..
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