Happy Diwali...!!!

Wishing You and 

Your Family Happy and 

Safe Diwali...!!!

From,
CS Meetesh Shiroya

Relaxation of Additional Fees and extention of Last date

MCA

Finally Officially Circular Issued by MCA.

Find the below Circular For Relaxation of Additional Fees and extention of Last date fof Filing AOC - 4, AOC - 4 (XBRL), AOC - 4 (CFS) and MGT - 7 e-forms under Companies Act, 2013.

Last date for filing of Financial Statements and Annual Returns under the Companies Act, 2013 using eforms AoC-4/AoC-4 (XBRL)/AoC-4 CFS or MGT-7 as the case may be without payment of additional fee wherever applicable has been extended till 29th November 2016. Stakeholders may plan their filings accordingly.

For details Go through official link...!!!


mca.gov.in/Ministry/pdf/Generalcircular12_28102016.pdf

Thanks & Regards,
CS Meetesh Shiroya

Daily Updates and News

MCA 

Services on MCA portal will not be available from 05:15PM to 07:30PM today. Stakeholders are requested to plan accordingly.

 MCA 

Updated validation tool for C&I taxonomy version- 3.0.5 would be available on XBRL portal w.e.f. 29th October 2016. Kindly download the new tool and use it for filing of AOC-4 XBRL e-form.

Thanks & Regards,

CS Meetesh Shiroya

Daily Updates and News

MCA

Stakeholders facing issues with modification of AOC-4 forms only are requested to download fresh form from the portal to be deployed on 27th Oct 2016.

http://www.mca.gov.in/

Thanks & Regards,

CS Meetesh Shiroya

Daily Updates and News

MCA

  

VPD services will be disabled on the MCA21 portal from 12:30PM to 08:00PM today. Stakeholders are requested to plan accordingly.

MCA

LLP Forms Form 3 and  Form 4 are likely to be revised on MCA21 LLP Forms Download page w.e.f 21st October 2016. Stakeholders are advised to check the latest version before filing.

MCA

Forms CHG-8, AOC-4 and 20-B are likely to be revised on MCA21 Company Forms Download page w.e.f  22nd October 2016. Stakeholders are advised to check the latest version before filing.

Thanks & Regards,

CS Meetesh Shiroya

Daily Updates and News

NCLT

NCLT constitutes Internal Complaints Committee u/s 4 of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 for all benches of NCLT for a period of 3 years, Committee Presiding Officer is Ms. Ina Malhotra.

NCLT

NCLT has designated its Members in different branches of the Tribunal to hear appeal against order of Registrar or such other officer officiating as the Registrar of the Bench. Further, it has been clarified that appeal against order of Registrar with regard to Principal Bench and New Delhi Bench(s) shall be made before Hon'ble President, National Company Law Tribunal. The list of designated members are available at NCLTs Website.

Daily Updates and News

MCA

Revised “Simplified Proforma for Incorporating Companies Electronically" (SPICe) along with electronic MoA (SPICe MoA) and electronic AoA (SPICe AoA) will be available w.e.f 18th October, 2016 for filing purposes. Stakeholders are requested to use the latest version of SPICe forms and plan your filing accordingly.

MCA

Dear Corporates, to avoid last minute rush and system congestion on the MCA21 portal on account of Annual Filings during October / November 2016, Companies are requested to file their Financials and Annual Return at the earliest without postponing it to the last days. 

Thanks & Regards,

CS Meetesh Shiroya

Daily Updates and News

NCLT UPDATES 

NCLT has constituted an Internal Complaints Committee in terms of Section 4 of the Sexual Harassment of Women (Prevention, Prohibition and Redressal) Act, 2013 for all benches of National Company Law Tribunal for a period of three years. The Committee shall constitute of 4 Members with Ms. Ina Malhotra, Member (Judicial) acting as the presiding officer of the Committee.

Thanks & Regards,

 CS Meetesh Shiroya

Daily Updates and News

MCA

Stakeholders may kindly note that e-Form INC-29 (Integrated Incorporation Form) will be withdrawn w.e.f. 1st November, 2016. Accordingly, INC-29 e-Form will no longer be available on the MCA21 portal and stakeholders will not be able to file any previously downloaded versions from this date. Stakeholders are requested to plan accordingly and use SPICe (Simplified Proforma for Incorporating Company electronically), INC-2 (One Person Company), or INC-7 (Incorporation of Company) e-Forms, as applicable.

 MCA FORMS CHANGED

• Forms MGT-15, FC-3, INC-4 , MGT-14, 23C, 23D, A-XBRL, I-XBRL,  23AC XBRL, 23ACA XBRL and AOC-4 XBRL Forms were recently revised on MCA21 Company Forms Download page. Stakeholders are advised to check the latest version before filing.

Thanks & Regards,

CS Meetesh Shiroya

WISH YOU A VERY HAPPY CS DAY

WISH YOU A VERY HAPPY CS DAY

Business World ना बिन मेरे चलता,

Economy का गुलशन भी मुझसे ही फलता,

मेरे Signature की क़ीमत है सबने जानी, देश की उन्नती में भूमिका पहचानी,

Law की दुनिया का अनोखा Talent हूँ ।

°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°

CS नाम के आगे लिखे महज 2 शब्द नहीं हे ये,

इन शब्दों के मायने बता सकूँ मेरे शब्दकोष में वो शब्द नहीं हे ।

कितनी जिंदगियो के ख्वाब हे यह शब्द,

दिल में बसी  आस पाने को यह पहचान,

धड़कंन में छिपी आरजू,आगाज हे यह शब्द

परिश्रम के हजारो घंटो में बहे पसीने की खुशबू,

क्लाइंट्स की संतुष्टि से मिली मुस्कान हे यह शब्द,

मेरा गर्व, अभिमान और गौरव हे यह शब्द,

मेरा नाम और पहचान हे......ये शब्द।

Proud to be a part of Glorious & Noble Profession of CS

From,

CS Meetesh Shiroya

Everything About SPICe and GPR

MCA takes another Initiative in Government 

Process Re-engineering (GPR)

The Ministry of Corporate Affairs has taken another bold initiative in Government Process Re-engineering (GPR) and launched Simplified Proforma for Incorporating Company Electronically (SPICe) e-Form, on the occasion of Gandhi Jayanthi 2016, with the specific objective of providing speedy incorporation related services within stipulated time frames which are in line with international best practices.

SPICe’s USP is as follows: -

1. Simplified and completely Digital form for Company Incorporation

2. Standard format of e-Memorandum of Association as per Companies Act, 2013

3. Standard format of e-Articles of Association as per Companies Act, 2013

4. Memorandum and Articles will now be filed as linked e-forms (except for Section 8 companies)

5. Provision to apply for Company Incorporation with a pre-approved Company Name

6. Mandatory DSCs of Subscribers and Witnesses (max 7+1) in SPICe MOA and SPICe AOA

7. Back Office productivity gains due to faster review of e-MOA and e-AOA by approving authories.

Existing INC-29 and INC-7 will be phased out and SPICe will be the Sole, Simplified & Versatile form available for incorporation of a company in India.

Visit the Link For Circular...!!!

http://www.mca.gov.in/Ministry/pdf/SPICEPress%20Release_03102016.pdf

"Everything About SPICe”

Good Step is taken by Ministry of Corporate Affairs by introducing E-Form INC-32 under SPICe scheme vide MCA's notification dated 01/10/2016 notifying Companies(Incorporation) Fourth Amendment Rules, 2016.

Visit the Link For Circular...!!!

http://www.mca.gov.in/Ministry/pdf/CompaniesIncorporationFourthAmendmentRules_01102016.pdf

What do you mean by SPICE ?

This is the steps which cover the digitization of Company Incorporation Procedure and reduced the Paper Work.

SPICE means Simplified Proforma for Incorporating Company Electronically. This is nothing but only digitization the Process of Incorporation of Company. As per the notification, MCA has notified simplified integrated process for incorporating a company in E-form INC-32 alongwith Memorandum of Association in E-form INC-33 and Article of Association in E-form INC-34. So by this process MCA has simplified the procedure for incorporation of Company by introducing filing of pre-drafted Memorandum and Article of Association electronically, which will make work easier and also prove to Ease of Doing Business.

From 01/05/2015, MCA came with the Integrated process of Incorporation of Company by filing E-form INC-29. This was a major reform brought by MCA for incorporation of company which require filing of only one E-form i.e. INC-29 as against five forms filed earlier (i.e. DIR-3 for application for obtaining DIN, INC-1 for approving the name of company, INC-7 for registration of company with MOA and AOA, INC-22 for registered office and Form DIR-12 for first directors of company). So the process is easy and you get Approval within 48 hours *subject to the satisfaction of departments.

MCA has more facilitated the process of incorporation by introducing SPICe E-form INC-32 which provides the same facilities as were provided in Form INC-29 with more facilitating the process by introducing filing of Memorandum and Article of Association electronically. Relative to the old process, it has the potential to save lots of time, if properly implemented. However, further clarification with regard to incorporation under SPICe are to be provided by Ministry of Corporate Affairs.

Why SPICe is Required ?

As we all know that, India is developing fast and Government will take new initiative day by day so to fulfilled the growing demand of developing Country, something new to be developed and one of the source for that is digitization and government will put pressure on different government authorities to developed the process through digitization and to capture this demand MCA has launched SPICe.

As the Economy Growing, the role of Electronic media is also play an important part in developing country like India, and that's why SPICe is one of the example for the same.

Which Company will be apply under SPICe ?

Incorporation of Seciton-8 Company. 
Incorporation of Producer Company. 
Private Company.
Public Company and
One Person Company.

What is the Purpose of SPICe ?

     To Provide better Platform to the Professionals and remove difficulties in day to day business  and make sure that the professionals will carry their business in smooth and efficient manner.

How SPICe is Work ?

• The main feature of In INC-32 is in point No. 5(a)(i) of INC-32 Form, there is a option “Whether Name is already approved by Registrar of Companies” Company has to select  Yes or No in this Option. 
   

If you select Yes (Means Company has got name approval in INC-1) then mention the SRN of such INC-1. 

If you select No, in that case name is not approved by INC-1 then mention the name and significance as we were applying in INC-29.

• Now under SPICe, Memorandum and Articles of Association need to be filed electronically. As in E-form INC-33, we just have to enter the objects of the company and in E-Form INC-34 which provides pre-drafted clauses of Articles of Association. We just have to select the clauses to be mentioned in the Articles and also select if any clause is not applicable or need to be altered. Hence, the task of drafting memorandum and Article of Association has become much easier for professionals.

In e-MOA (Electronic MOA) and e-AOA (Electronic AOA) has been prescribed by MCA.  In e-form No. INC-33 and e-form No. INC-34. This is the first time in the history of MCA, which provides such facility to prepare MOA & AOA in electronic mode. 




• Instead of Signature of Subscriber affix the DSC of subscribers.
  
  
  
  
•       By affixation of DSC of the subscriber on the INC-33 (e-moa) and INC - 34 (e-aoa) date of signing will be automatically captured  by the form.

• Now Signature of witness done away affix the DSC of 2 witness.

• Maximum 7 (Seven) details of subscribers allowed in SPICe (INC-32).

• Maximum 3 (Three) Directors are allowed for using this integrated form for filing application of allotment of DIN while incorporating a Company.

• In Form INC - 34 Director name should be entered mandatory under “Board of directors”. Mention different appointments as a sub-article, E.g. (a) – Managing Director, (b) – Director Names etc.

• In Form INC - 34 Instead of Signature of witness affix the DSC of 3 witness.

Thanks & Regards,

CS Meetesh Shiroya

Daily Updates and News

MCA

The Ministry of Corporate Affairs has amended the Companies (Incorporation) Rules, 2014 and notified the Companies (Incorporation) Fourth Amendment Rules, 2016 which shall come into force on the date of their publication in the Official Gazette. Revised integrated incorporation form for companies has been released through this Amendment. “Simplified Proforma for Incorporating Companies Electronically (SPICe-INC 32)” along with electronic MoA (SPICe MoA-INC 33) and electronic AoA(SPICe AoA-INC 34) are available for filing purposes. Before filing these forms, stakeholders may get themselves familiarized by downloading them from the portal and thoroughly reading the corresponding instruction kits.

 

MCA

A three-member Expert Group, headed by TERI, Chairman Sh. Ashok Chawla, constituted to examine issues related to audit firms, including possible adverse impact from restrictive shareholder agreements. According to the order, the Expert Group would examine whether joint audit could be introduced in cases where there are restrictive covenants and other specified cases where there is a multinational audit firm as the auditor. Further, the panel would look at having such firms which can provide services outside India, particularly in developing countries, in competition with multinational accounting firms. The panel has been given two months time to submit its report to the government. If required, the group can invite or co-opt subject matter experts relating to audit of books of accounts and financial statements.

Thanks & Regards,

CS Meetesh Shiroya