Companies (Appointment and Qualification of Directors) Rules,2017

  G.S.R, -(E).- In exercise of the powers conferred by the second proviso to sub-section (1), sub-section (4), clause (f) of sub-section (6) of section 149, subsections (3) and (4) of section 150, section 151, sub-section (5) of section 152, section 153, section 154, section 157, section 160, sub-section (1) of section 158 and section 170 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Appointment and Qualification of Directors) Rules, 2014, namely: – 1. (1) These rules may be called the Companies (Appointment and Qualification of Directors) Amendment Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Companies (Appointment and Qualification

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National Company Law Tribunal (Amendment) Rules,2017

  [To be published section in the Gazette of India, Extra-ordinary, Part-ll, Section 3]  MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, dated the 5th July,2017 G.S.R. _ (E).- In exercise of the powers conferred by sub-section (l) and sub-section (2) of section 469 of the Companies Act, 20 13 ( 18 of 2013), the Central Government hereby makes the following rules further to amend the National Company Law Tribunal Rules, 2016, namely:- ( 1) These rules may be called the National Company Law Tribunal (Amendment) Rules, 20 17. (2) They shall come into force on the date of their publication in the Official Gazette. In the National Company Law Tribunal Rules, 2016, after rule 87, the following rule shall be inserted, namely:- ’87A. Appeal or application under sub-section (I) and

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Amendment in Sch.IV of the Companies Act 2013

  [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY’ PART II’ SECTION 3, SUB-SECTION (ii)] Government of India Ministry of Corporate Affairs Notification New Delhi, dated, the 5th July 2017 S.O. _ (E).- In exercise of the powers conferred by sub-section (1) of section 467 of the companies Act,2013 (18 of 2013), the central Government hereby makes the following amendments to Schedule IV of the said Act, namely:- 2. In the Companies Act,2013,in Schedule IV, – (i) in paragraph III, in sub-para (12), for the words “acting within his authority”, the words “act within their authority” shall be substituted; (ii) in paragraph VI, sub-para (2), for the words ” a period of not more than one hundred and eighty days”, the words “three months” shall be substituted; (iii) in

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MCA proposes to strike off name of 81 LLPs

  PUBLIC NOTICE [Pursuant to the Rule 37(2) of the LLP Rules, 2009] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS OFFICE OF THE ROC -cum- OL, ODISHA CORPORATE BHAWAN PLOT NO. 9(P), SECTOR : I, CDA, CUTACK : 753 014. Public Notice No- ROC/LLP/Sec.75/ Dated the 30th June, 2017. Reference: In the matter of striking off of LLPs under section 75 of the LLP Act, 2008 read with the Rule 37 of the LLP Rules, 2009. 1. Notice is hereby given that the Registrar has a reasonable cause to believe that “The following LLPs in Table “A” (List of 81 Nos. LLPs) have not been carrying on any business or operation for a period of two immediately preceding financial years.” And, therefore, proposes to remove/strike off the names of the

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Companies (Audit and Auditors) Second Amendment Rules, 2017

New Rule Clause 5: Class of Companies.- For the purposes of sub-section (2) of section 139, the class of companies shall mean the following classes of companies excluding one person companies and small companies:- (a) all unlisted public companies having paid up share capital of rupees ten crore or more; (b) all private limited companies having paid up share capital of rupees fifty crore (earlier 20 crores) or more; (c) all companies having paid up share capital of below threshold limit mentioned in (a) and (b) above, but having public borrowings from financial institutions, banks or public deposits of rupees fifty crores or more.   [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, Section 3, Sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi,

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Clarification on transmission of Securities by Operation of Law -Reg.

  General Circular No. 07/2017 No. 05/23/2016-IEPF Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. P. Road, New Delhi Dated: 05th June, 2017 To, All Stakeholders, Nodal Officer’s (IEPF) of Concerned Companies All Regional Director’s & Registrar of Companies of Min of Corp. Affairs Subject: Clarification regarding transmission of Securities by Operation of Law – Reg. Sir/ Madam, Clarity has been sought by stakeholders w.r.t. issue of duplicate shares under Rule 6 (3)(d) of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. It has been stated that since transfer of shares to IEPF under section 124 (6) of the Companies Act, 2013 read with rules referred to above takes place on account of operation of law hence the procedure followed during

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Clarification regarding due date of transfer of shares to IEPF Authority

  Ministry of Corporate Affairs has issued a clarification pursuant to second proviso to Rule 6 of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017. According to the Rule, where the seven year period under sub-section (5) of section 124 is completed during September 7, 2016 to May 31, 2017, the due date for transfer of such shares by companies is May 31, 2017. The Investor Education and Protection Fund Authority is in the process of finalizing the modalities for transfer/transmittal of shares from companies accounts to the Demat account of the IEPF Authority. It is considering opening special Demat account and till opening of Demat accounts, the due date for transfer of shares stands extended. The Companies are advised to complete all formalities,

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Invitation of Application for National CSR Awards

  About the National CSR Awards Government of India has instituted the 1st ever National Corporate Social Responsibility (CSR) Awards to recognize companies that have made a positive impact on the society through their innovative & sustainable CSR initiatives. The National CSR Awards seek to: recognize the companies that have positively impacted both business and society by taking a strategic approach to CSR through collaborative program. recognize the companies that are leading transformation by integrating sustainability in their core business model. recognize companies for implementing measures for conservation and sustainable management of the biodiversity and ecosystem in the value chain. identifying innovative approaches and employing application and technologies that will help to build a robust CSR programs to further the cause of inclusive and sustainable development. Focus Areas: Human Development

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Limited Liability Partnership (Amendment) Rules, 2017

  MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 16th May, 2017 G.S.R. 470(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009, namely:— 1. (1) These rules may be called the Limited Liability Partnership (Amendment) Rules, 2017. (2) They shall come into force with effect from 20th May, 2017. In the Limited Liability Partnership Rules, 2009 (herein after referred to as the Principal Rules), in rule 37, after sub-rule (1), the following sub-rule shall be inserted, namely:— “(1A) The limited liability partnership referred to in clause (b) of sub-rule (1) of rule 37 shall,— (I) file overdue returns in Form 8 and Form 11

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Comply with norms related to transfer of proceedings from HCs to NCLT before 14.06.2017

  NATIONAL COMPANY LAW TRIBUNAL 6th Floor, Block- 3, CGO Complex, Lodhi Road, New Delhi- 110003 Dated: 17th May 2017 NOTICE Government of India vide Notification No. GSR 1119 (E) dated 07th December, 2016 has notified Companies (Transfer of Proceedings) Rules, 2016. Through these rules all matters relating to winding up and amalgamation has been transferred from High Courts to National Company Law Tribunal. Rule 5 of the aforesaid Rules, 2016 states that – “All petitions relating to winding up under clause (e) of section 433 of the Companies Act, 1956 filed on the ground of inability to pay its debts pending before a High Court and where the petition has not been served on the respondent as required under rule 26 of the Company (Court ) Rules, 1959 shall be

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