(1) The standards of accounting as specified under the Companies Act, 1956 (1 of 1956) shall be deemed to be the accounting standards until accounting standards are specified by the Central Government under section 133.
(1) A private company other than a company registered under section 8 of the Act having paid up share capital of fifty lakhs rupees or less or and average annual turnover during the relevant period having paid up share capital of fifty lakhs rupees or less and average annual turnover, during the relevant period is two ...
The Foreign Exchange earned in terms of actual inflows during the year and the Foreign Exchange outgo during the year in terms of actual outflows. Provided that the requirement of furnishing information and details under this sub-rule shall not apply to a Government Company engaged in producing defence equipment.
(3) On and from the date mentioned in the certificate of incorporation issued under sub-section (2), the Registrar shall allot to the company a corporate identity number, which shall be a distinct identity for the company and which shall also be included in the certificate.
Rule-6: Manner of consolidation of accounts
Provided also that nothing in this rule shall apply in respect of consolidation of financial statement by a company having subsidiary or subsidiaries incorporated outside India only for the financial year commencing on or after 1st April, 2014.
(1) The standards of accounting as specified under the Companies Act, 1956 (1 of 1956) shall be deemed to be the accounting standards until accounting standards are specified by the Central Government under section 133.
7-Companies (Appointment and Remuneration of Managerial Personnel) Rules,2014. (1) Every application made to the Central Government under the provisions of Chapter XIII shall be made in Form No. MR. 2 and shall be accompanied by fee as may be specified for the purpose.
Section 7(a) of the Companies Act gives express recognition of the constitutional imperative to bring company law within the constitutional framework.
(6) With respect to every meeting conducted through video conferencing or other audio visual means authorised under these rules, the scheduled venue of the meeting as set forth in the notice convening the meeting, which shall be in India, shall be deemed to be the place of the said meeting and all recordings of the ...
(1) Every director shall disclose his concern or interest in any company or companies or bodies corporate (including shareholding interest), firms or other association of individuals, by giving a notice in writing in Form MBP 1.
7.Removal of the auditor before expiry of his term. —
(1) The application to the Central Government for removal of auditor shall be made in Form ADT-2 and shall be accompanied with fees as provided for this purpose under the Companies (Registration Offices and Fees) Rules, 2014.
Availability of books of accounts: Rule 3(1) of the Accounts Rules has been amended to provide that the books of account and other relevant books and papers maintained in an electronic mode should remain accessible in India, at all times so as to be usable for subsequent reference.
The statement containing features of documents referred to in first proviso to sub-section (1) of section 136 shall be in Form AOC-3.
Sub-section (4) of section 88 read with rule 7 deals with maintenance of foreign register. A company may, if so authorised by its articles, keep in any country outside India, in the same format as the principal register, a part of the register referred to in sub-section (1), called “foreign register”.
14-Companies (Appointment and Qualification of Directors) Rules,2014. 1. Every director shall inform to the company concerned about his disqualification under sub-section (1) or sub-section (2) of section 164, if any, in Form DIR-8 before he is appointed or re-appointed. “
The particulars of each person mentioned in the articles as first director of the company and his interest in other firms or bodies corporate along with his consent to act as director of the company shall be filed in Form No. DIR.
12-The Companies (Incorporation) Rules,2014. An application for registration of a company shall be filed, with the Registrar within whose jurisdiction the registered office of the company is proposed to be situated, in Form No.
MCA amends Rule 14 of Companies (Appointment & Qualification of Directors) Rules, 2014. Every director shall inform to the company concerned about his disqualification under sub-section (2) of section 164, if any, in Form DIR-8 before he is appointed or re-appointed.
Rule 13 - Companies required to appoint internal auditor - Companies (Accounts) Rules, 2014.
7Applications to court under s.
that the conditions mentioned in section 6(1) are satisfied as respects a person who is or has been a director of that company, the office-holder shall forthwith report the matter to the Secretary of State.
Section 7(d) of the Investment Company Act prohibits a US public offering of securi- ties issued by a non-US investment company.
(2) The Registrar on the basis of documents and information filed under sub-section (1) shall register all the documents and information referred to in that sub-section in the register and issue a certificate of incorporation in the prescribed form to the effect that the proposed company is incorporated under this Act.
(8) No person shall hold the position of small shareholders' director in more than two companies at the same time: Provided that the second company in which he has been appointed shall not be in a business which is competing or is in conflict with the business of the first company.
The notice of change of the situation of the registered office and verification thereof shall be filed in Form No. INC.
5-Companies (Appointment and Remuneration of Managerial Personnel) Rules,2014. (xii) affirmation that the remuneration is as per the remuneration policy of the company. Explanation. - For the purposes of this rule.