Ministry of corporate Affairs issued a notification dated 14th December 2015 and published here in the Gazette of India dated 15th December 2015 regarding amendment in the Companies (Audit and Auditors) Rules, 2014.
A gazette notification posted here on official website of the Gazette of India and posted on website of Ministry of Corporate Affairs says that Section 13 and Section 14 of the Companies (Amendment) Act, 2015 came into force with effect from 14th December 2015. The official language of notification read, “The Central Government hereby appoints the 14th day of December, 2015 as the date on which the provisions of section 13 and 14 of the said Act shall come into force.”
With emergence of Digital India, risk and benefit are growing. Every step of further development and growth should be very well calculated. Digital India may serve the state in delivery of governance to its citizen, but may also harm with its securities lapses. This technology is not time tasted and digital security is still at its nascent stage. India critically needs its own high capacity servers to store its own data within geographic limit. We should also have our own geo positioning system. India also need its own cloud storage system, E – mail client for at least all public servants. We need to educate our people to protect their own privacy and sensitive data. Major concern is to provide services to citizen on their hand held digital devices like smart phone and tablets.
My Article on topic “Digitally Mobile India” is published on page 34 of souvenir of 43rd National Convention of Company Secretaries of India held from 17th December 2015 to 19th December 2015 in New Delhi.
Very Soon, Indian Finance Minister will finalize this tax proposal keeping (possible a blind) eye on tax reforms. Indirect tax reforms, even at the central side of constitutional barriers are still at halt just because of long time of eye – wash of Goods and Service Tax reform There is no concrete information on present status and future of Direct Tax Code. We as citizen need to understand and reveal hardship of our tax system and support a simpler tax regime. Our views may help the Government.
National Herald was a newspaper and is a building and, for most political activist on social media, a case by a politician against its rivals.
Draft Companies Bill, 2015 of Pakistan [Pakistan Bill] was recently made available for public comments. Being global player and immediate neighbour, we in India may certainly have academic interests in this development. In this post, I will discuss 9 interesting ingredient of the stuff which has significant difference from Indian Companies Act, 2013.
We live in a changing world; corporate world changing fast and Indian Corporate Law fastest. A draft of the Companies (Management and Administration) third Amendment Rules, 2015 dated 16th November 2015, which is pending for publication in Official Gazette of India amend the version of form MGT -7 once again. Though these amendment rules are not available in official gazette, new version of form MGT – 7 is made available on the MCA21 portal for filing.
Note: MGT – 7 Version 17th November 2015 is being used for writing this post. Earlier posts here and here are only historic relevance now.
Posted in Chapter VII – CA2013, Companies Act 2013, CorpGov, Governance and Responsibility
Tagged Annual Return, India, MCA, MGT – 7, Ministry of corporate affairs, Registrar of Companies, The Companies (Management and Administration) Amendment Rules 2015, The Companies (Management and Administration) Rules 2014, The Companies Act 2013
Companies Act, 2013 uses city 3 times (without taking subordinate legislations into account):
The Companies Act, 1956 also used this term in similar reference.
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AishMGhrana 