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FAQs Related to MCA Mandate to Private Companies to have a Whole-Time CS

8Jan

By instaaccountsNo Comments

MCA, News

FAQs Related to MCA Mandate to Private Companies to have a Whole-Time CS

What is the name of this notification? These rules may be called the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020 When is this notification issued? This Notification is issued on 3 January 2020 What is the key message or essence of this notification? This amendment is about the following 2 key points: Appointment of a whole-time Company Secretary: MCA Mandates Appointment of Whole-time Company Secretary to All Private Companies that have 10 Crore & More or Companies having Mandatory to submit Secretarial Audit Report: Both Private & PubliC Limited Companies with Outstanding Loan or Borrowings from banks or Public Financial Institutions exceeds Rs 100 crore have to submit the Secretarial Audit Report When is this amendm...

MCA Mandates Appointment of Whole-time Company Secretary to All Private Companies that have 10 Crore & More

7Jan

By instaaccountsNo Comments

MCA, Regulatory

MCA Mandates Appointment of Whole-time Company Secretary to All Private Companies that have 10 Crore & More

In the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2O14 (hereinafter referred to as said rules), for rule 8, it was stated that, "Every listed company and every other public company having a paid-up share capital of ten crore rupees or more to have a whole-time key managerial personnel." Vide Notification Dated 3 Jan 2020 Ministry of Corporate Affairs as made it mandatory to have a whole-time company secretary for every Private Limited Company that has a paid-up capital of Rs 10 Crore or more. This rule is effective from 1st Apr 2020. Infographic: No of Companies with paid-up capital of 10 Crore and above As per data from InstaFinancials, count of companies that have paid-up capital of 10 Crore and above 25,859 - All Companies 13,813 - Private...

Companies (appointment and managerial personnel) Amdt Rules 2020 | MCA Notification

7Jan

By instaaccounts1 Comment

MCA, Regulatory

Companies (appointment and managerial personnel) Amdt Rules 2020 | MCA Notification

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i)] MINITRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 3rd January, 2O2O G.S.R. .- ln exercise of the powers conferred by sub-section (1) of section 203 of the companies Act, 2Ol3 (18 of 2013) read with section 469 of the said Act, the Central Government hereby makes the following rules further to amend the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2O14, namely:- (1) These rules may be called the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020. (2) They shall be applicable in respect of financial years commencing on or after 1st April, 2020.ln the Companies (Appointment and Remuneration of Managerial Personnel) Rul...

Ministry of Corporate Affairs Notification on Share Capital Rules

22Aug

By instaaccountsNo Comments

Generic

Ministry of Corporate Affairs Notification on Share Capital Rules

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. (1) These rules may be called the Companies (Share Capital and Debentures) Amendment Rules,2019. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Companies (Share Capital and Debentures) Rules, 2014, in rule 4 (hereinafter referred to as the principal rules), in sub-rule (1) i) for clause (c), the following clause shall be substituted, namely:- "(c) the voting power in respect of shares with differential rights of the compan...

16Sep

By No Comments

Corporate

Last Date of Filing DIR 3 KYC without fee expired on 15th Sep 2018

Ministry Of Corporate Affairs notified that there is no further extension in the last date of filing of DIR 3 KYC. Accordingly, every director who did not file DIR 3 KYC within the due date of 15 Sep 2018, their DINs will be deactivated with reason ‘Non-filing of DIR 3 KYC’. All filing after the due date will attract a Fee of Rs 5,000. Summary No extension in the last date of filing of DIR 3 KYC Form DINs will be deactivated for directors who did not file DIR 3 KYC DIR-3 KYC filing will not be available on 16th and 17th Sep 2018 Directors filing their DIR 3 KYC form after the due date of 15 Sep 2018 need to pay Rs. 5,000 as a penalty to MCA for late filing of DIR 3 KYC The last date of filing DIR 3 KYC without government fees has expired on 15th Sep 2018. After this date, direct...