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Ministry of corporate affairs has introduced new form 18 which is for location of registered office and new application for allotment of Director’s Identification Number (DIN). Apart from that, MCA has also made certain changes in DIN 4 which is for intimation for change in particulars of Directors of company. New DIN-1 Form COMPANIES DIRECTORS [...]
Ministry of Corporate , in its effort towards full computerization has taken green initiative. It issued GENERAL CIRCULAR NO. 39/2011, DATED 21-6-2011 by which it conveyed all stakeholders as under The Ministry has issued a General Circular No. 29/2011, dated 20-5-2011 wherein it was informed that in order to cut timelines and an another step...
Ministry Of Corporate Affairs has issued circular 37/2011 dt 07/06/2011 by which all companies except banking companies, insurance companies, power companies and NBFC are required to file financial statements for FY 2010-11 in extensible Business Reporting Language format (XBLR) . Here is the excerpt from Circular 37/2011 dt 07/06/2011 Download the circular...
In order to counter the growing menace of black money and money laundering the Government is now considering bringing about some major changes in the Company Act and some other laws. These changes as proposed by an inter-ministerial committee set up by the finance ministry are aimed at helping the Government to identify the ‘beneficial [...]
Ministry of Corporate Affairs have issued circular asking all Directors Identification Number (DIN) holders who have not given their PAN , to file PAN by 31st July 2011 . It has also stated that following fields will now be mandatory in DIN-1 form Name of the Applicant Father’s name of Applicant Date of Birth Income...
New Companies Billis planned to be tabled in the budget session of the Parliament beginning on February 21 . It was also hinted by Officials of the Ministry of Corporate Affairs that there would be no mandatory provision requiring companies to spend 2% of their profits for social welfare purposes, as recommended by the Parliamentary [...]
Public limited company means a company limited by its shares. In terms of section 3(1)(iv) of the Companies Act, 1956 a public company means a company which is not a private company and has a minimum paid-up capital of five lakh rupees or such higher paid-up capital as may be prescribed. A private company which is subsidiary of a public company is also a public company.
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