Corporate Updates – 21-01-2015


MCA has given the much awaited relief to the foreign nationals, they are now relived from obtaining DSC and filing of Form DIR – 11. MCA has amended Rule 16 of the Companies (Appointment and Qualification of Directors) Rules, 2014, where in case a company which has already filed Form DIR-12 with the Registrar under rule 15, a foreign director of such company resigning from his office may authorise in writing a practising chartered accountant or cost accountant in practice or company secretary in practice or any other resident director of the company to sign Form DIR-11 and file the same on his behalf intimating the reasons for the resignation.


CBDT has amended the Income Tax Rules, 1962, which shall come into force from the day of their publication in the Official Gazette to insert a new Rule 12CA. Accordingly, the statement of income distributed by a business trust to its unit holder shall be furnished to the Principal Commissioner or the Commissioner of Income-tax within whose jurisdiction the principal office of the business trust is situated, by the 30th November of the financial year following the previous year during which such income is distributed. Further, the business trust shall furnished Form No. 64A & Form No. 64B to the Principal Commissioner or the Commissioner of Income Tax and to the unit holder in Form No. 64B, respectively, duly verified by the person distributing the income on behalf of the business trust. in the manner indicated therein.


Oil and Natural Gas Corporation Limited (ONGC), is looking for promising and energetic Indian Citizens with bright academic record and hands on experience to join the organization as Class-I executives in the Company Secretariat. Selection will be on the basis of Educational Qualification, Experience and performance in personal Interview. Interest Candidates fulfilling the prescribed requirements may download the application format from ONGC website with. For further details, Please Click Here.


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