Entries by Staff Publication

Help in the hour of need: RBI relaxes asset classification norms for MSME accounts

By Abhirup Ghosh(finserv@vinodkothari.com) The Reserve Bank of India (RBI), on 7th February, 2018[1], has come out with a notification to grant relaxation to banks and NBFCs with respect to asset classification in case of MSME accounts. The notification has been released on the pretext that the due to the implementation of Goods and Services Tax, […]

Extract or the Annual Return itself- Anomaly under section 92 through the Companies (Amendment) Act, 2017

By Pammy Jaiswal & Munmi Phukon(corplaw@vinodkothari.com) Introduction While the Companies (Amendment) Act, 2017 (‘Amendment Act’) has brought sea changes in various provisions of the Companies Act, 2013 (‘Act’), in absence of a clarification, some of the provisions are still left open for interpretation. One of them is with respect to placing of annual return on […]

DIN application & allotment- the amendments

By Smriti Wadehra (corplaw@vinodkothari.com) DIN application & allotment- the amendments Introduction The Ministry of Corporate Affairs is aiming towards ease of doing business and intends to simplify the procedure of incorporation of a company. As per the erstwhile provisions, the in order to incorporate a company the person proposed to hold directorship thereof had to […]

MCA relaxing Registration offices and Fees Rules – Stepping towards eASE of Business

By Chahat Jain (corplaw@vinodkothari.com) MCA is implementing reforms to make doing business easier, targeting more and more business to register as companies with a vision to make India count in top 50 of World Bank’s Doing Business rankings. The Companies (Amendment) Act, 2017 also mandates revision in fees pursuant to changes proposed in Section 403 […]

Republic Day Blossom by MCA for Incorporation of Companies in India

corplaw@vinodkothari.com *Quick Summary by CS Dheeraj Kr. Sharma of:* *1. Companies Incorporation (Amendment) Rules, 2018* *2. Companies Appointment and Qualification of Directors (Amendment) Rules, 2018* *3. Companies Registration Offices and Fees (Amendment) Rules, 2018*   – INC-1 discarded. Now _Registration of Unique Name_*(RUN)* to be used for Reservation of Name and Change of Name of existing companies. […]