Corporate Updates – 21-03-2016


MCA in its continuous endeavor to serve the stakeholders better is launching a new MCA21 portal for Company users. The new portal is likely to be launched on 27th March 2016. In order to implement the new portal, theoffline payment methods – Challan, NEFT, Pay Later have been disabled for Company services w.e.f. March 19, 2016. Online Payment methods to be effective until the new portal is launched. All Stakeholders are advised to make use of online payment methods until the new portal is launched


The Ministry of Micro, Small & Medium Enterprises has notified a Framework for Revival and Rehabilitation of MSMEs to address the stress in the accounts of MSMEs so that incipient sickness can be detected by banks in the units and a corrective action plan can be set in motion for them. The salient features of the framework are identification of incipient stress; formation of committees for distressed micro, small & medium enterprises (MSMEs); and a Corrective Action Plan by the Committee. Under the framework, before a loan account of an MSME turns into a Non Performing Asset (NPA), banks/creditors are required to identify incipient stress in the account. Any MSME may also voluntarily initiate proceedings if enterprise reasonably apprehends failure of its business or its inability or likely inability to pay debts and before the accumulated losses of the enterprise equals to half or more of its entire net worth. Moreover, banks shall constitute one or more Committees at such locations as may be considered necessary by the board of directors to provide reasonable access to all eligible MSMEs which have availed credit facilities from such bank. The Ministry added that during the period of operation of Corrective Action Plan (CAP), the enterprise shall be allowed to avail both secured and unsecured credit for its business operations.

News from NIRC of ICSI

1. Today, 21st March, 2016, NIRC of ICSI is organizing PCS Meeting on the topic "PREPAREDNESS FOR NCLT" at 3:30 PM at ICSI-NIRC Building, 4, Prasad Nagar Institutional Area, New Delhi. Participation is FREE: Program Credit Hours – 2. The program will be followed by Holi Celebrations with Chandan & Gulal.

2. The Corporate Membership Scheme of NIRC of ICSI is open for the Financial Year 2016-17 and the last date for receipt of Corporate Membership fee with early bird incentive is 31.3.2016. The scheme is available for two options – Option-I : Corporate Membership Scheme –(Delhi); Option-II : Corporate Membership Scheme – (Delhi & Chapters). Anyone becoming a member under the Scheme shall be entitled to attend all the paid programs (Except workshops and residential programs) organized by NIRC (& Chapters) free of charge throughout the year. The payment for Corporate Membership can be made through following options:

Option 1 – Cash deposit at NIRC Building, 4 Prasad Nagar Institutional Area, New Delhi.

Option 2- NEFT transfer to NIRC- ICSI Saving Bank Account No. SB- 90062010039267 Syndicate Bank, East Patel Nagar, New Delhi – 110008, RTGS/ NEFT IFSC – SYNB0009006.

Option 3 – Online payment through payment gateway.

Option 4 – Cheque/DD towards the Corporate Membership Fee for the requisite amount be drawn in favour of “NIRC of the ICSI” and sent to Regional Director, NIRC of ICSI, 4, Prasad Nagar Institutional Area , New Delhi-110005.

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