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Category: Corporate

MCA releases Companies(Share Capital and Debenture) Amendment Rule 2020

MCA releases Companies(Share Capital and Debenture) Amendment Rule 2020

  [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section OA  MINISTRY OF CORPORATE AFFAIRS NOTIFICATION  New Delhi, 5th June, 2020  G.S.R.(E)- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Share Capital and Debentures) Rules, 2014, namely: – 1. Short title and commencement.- (1) These rules may be…

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Major racket of fake invoicing of Rs 7896 crore busted involving network of 23 shell companies

Major racket of fake invoicing of Rs 7896 crore busted involving network of 23 shell companies

Major racket of fake invoicing of Rs 7896 crore busted involving network of 23 shell companies Two Accused Arrested & Remanded to 14 Days Judicial Custody The officers of Anti Evasion wing of Central Tax, Delhi West Commissionerate have busted a major racket of fake invoicing of Rs.7896 crore involving fraudulent Input Tax Credit (ITC) of Rs.1709 crore, using a network of 23 shell companies, which procured and generated invoices without actual supply of goods and availed as well as…

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Spice+ to offer 10 services in single web form says MCA

Spice+ to offer 10 services in single web form says MCA

MCA Secretary inaugurates SPICe+ web form SPICe+ to offer 10 services by 3 Central Government Ministries/ Departments in a single web form Shri Injeti Srinivas, Secretary, Ministry of Corporate Affairs(MCA), today inaugurated the ‘SPICe+’ Web Form here today. As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs has notified a new Web Form christened ‘SPICe+‘ (pronounced ‘SPICe Plus’) replacing the existing SPICe form. SPICe+ would offer 10 services by 3 Central Govt…

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MCA Circular for filing of various forms in the Registry (MCA-21) by IPs appointed under IBC, 2016

MCA Circular for filing of various forms in the Registry (MCA-21) by IPs appointed under IBC, 2016

General Circular No. 04/2020   F.No. 01/02/2019- CL-V Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi-1. Dated: 17.02.2020  To All Regional Directors, All Registrar of Companies, All Stakeholders. Subject: Filing of forms in the Registry (MCA-21) by the Insolvency Professional (Interim Resolution Professional (IRP) or Resolution Professional (RP) or Liquidator) appointed under Insolvency Bankruptcy Code, 2016 (IBC, 2016).  Sir, Several requests have been received in the Ministry with respect…

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MCA invites comments to enhance audit independence and accountability

MCA invites comments to enhance audit independence and accountability

GOVERNMENT OF INDIA Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE CONSULTATION PAPER TO EXAMINE THE EXISTING PROVISIONS OF LAW AND MAKE SUITABLE AMENDMENTS THEREIN TO ENHANCE AUDIT INDEPENDENCE AND ACCOUNTABILITY Dated the 6th February 2020 1. A consultation paper to examine the existing provisions of law and make suitable amendments therein to enhance audit independence and accountability has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above consultation paper….

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