Tuesday, August 16, 2011

Gist of MCA Circulars 2011

Exit Scheme
Easy Exit Scheme
Guidelines for Fast Track Exit mode for defunct companies under section 560
Accounting Standards
Constitution of an Advisory Committee
Indian Accounting Standards Converged with IFRS Notified
Companies (Accounting Standards) (Amendment) Rules, 2011- Notified IND AS
Carve-outs provided in IND AS
Amendment in The Companies (Accounting Standard) Rules, 2006
General Exemption under Section 211
Directions under Section 212
Amendments in Schedule XIII regarding Managerial Remuneration 9
Amendments in Forms
Revised Schedule VI
Delegation of powers and functions to ROCs and RDs
Marking a company as having management dispute by ROCs under MCA-21 system
Filing of conflicting eForm 32 by contesting parties
Compliance of Provision of the Companies Act,1956 and Rules made there under
Special drive to clear pendency of e-forms filed with ROCs
Issue of Certificate by ROCs under the Digital Signature
Amendment in Companies Regulations
Process of incorporation of Companies simplified
Guidelines regarding Prosecution of Directors for committing defaults under Companies Act
Settlement of prosecutions cases
Certification of e-forms by the Practicing professionals
Payment of MCA fees in electronic mode
Directors Identification Number (DIN) Process and Rules
Amendment in Companies (Particulars of Employees) Rules, 1975
Director's Relatives (Office or Place of Profit) Rules
The Companies (Passing of the Resolution by Postal Ballot) Rules, 2011
Filing of Balance Sheet and Profit and Loss Account in XBRL mode
Green Initiatives
Green Initiatives - service of documents by e-mode
Clarification regarding sending copies of Balance Sheets etc. through electronic mode
Approval of MCA for appointment of agency for providing electronic platform for electronic voting
Participation by directors in meetings of Board/Committee of directors through electronic mode
Participation by shareholders in general meetings through electronic mode
Guidelines for declaring financial institution as Public Financial Institution
Clarification regarding LLP as body corporate
Clarification on Applicability of provisions of Section 108A to 108I of the Companies Act
Payment of Commission to Non-Whole Time Directors
Loan to Public Limited Companies
Simplified Procedure for amalgamation of Government Companies
Clarification on rate of depreciation for purpose of declaration of dividend by companies
Amendment in Notification No. SRO 355, dated 7-1-1957
Amendment in Notification No. G.S.R. 978, dated 28-5-1963
Cost Audit
Revised procedure to be followed by the companies and cost auditor for appointment of cost auditors
Cost Audit Orders issued under Section 233B
The Companies (Cost Accounting Records) Rules, 2011
The Companies (Cost Audit Report) Rules, 2011
Competition Law

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