Recent amendments under Companies Act

Recent amendments under Companies Act

1.Sec.269 r/w Scheduele XIII exempts the private company and unlisted public company.Only listed company and subsidiary of listed company has to comply.

2.The sec.25 a power now vested with ROC, earstwhile with RD.

3.The sec.212 exempts attaching statement in relation to subsidiary company by complying certain conditions.Listed companies has to comply as per AS 21.

4.The The internet payment is mandatory from 27th march up to 50,000.Over and above 50,000, cash challan is accepted.However, from 1st october 2011 onwards, every paymeny must be online.cno cash payment at all.

5.The companies Name rules 2011 announced wherein professionals can approve the name by affixing the his/her DSC.
6.The DIN can be approved by the professionals by affixing his/her DSC as per new DIN rules.
7.The revised schedule VI has been announced, however effective yet to notify.
8.The IND-AS has been announced which is yet to notify.
9.ROC Karnataka issuing Sec.560(5) notice for gezette notification for EES 2010 scheme.
10.Payment to non WTD by way of commission does not require a CG approval if within the 1% or 3% of NP as the case may be.
11.There is Schedule VI relaxation in respect of certain prescribed companies.