Corporate Updates 25 June 2014

MCA: 

The MCA has come out with the Notice inviting Public Comments for the Draft Notification for the Draft Notification under Section 462 of the Companies Act, 2013 for providing various Exemptions to Private Limited Companies. These proposed exceptions covers provisions dealing with: Share capital, further issue, Meetings, appointment of auditors, restrictions on powers of Board, loan to directors, KMP, etc.. The draft notification is very much in line with the demands of stakeholders, professionals and corporate and seems to be finalized on the basis of the meeting of stakeholders with the Hon’ble Minister of State Ms. Sitharaman. MCA is empowered under the provisions of Section 462(1) of the Companies Act, 2013 (Act) to direct, by notification, in the public interest, that any of the provisions of this Act shall not apply to such class or classes of companies. Suggestions/Comments on the proposed draft notification may be addressed/sent latest by 1st July, 2014 through email at exemptions@mca.gov.in. It is requested that the name, Telephone number and address of the sender should be indicated at the time of sending suggestions/comments.

MCA: 

Version of the Form INC-1, INC-2, INC-22, FC-2, FC-3, SH-8, CHG-1, DIR-12, INC-21, MGT-14, INC-23, INC-28, MR-1, MR-2, SH-7 and FC-4  have been revised w.e.f today the 25th June, 2014. Only new version of these eForms will be acceptable, stakeholders are requested to plan accordingly and ensure that you have downloaded the latest version for filing and uploading the latest version only. Form-wise date of last version change is available at on the website of MCA, to view & download, the list of all such Forms, Click Here.

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