New e-forms AOC - 4 (Non-XBRL), MGT - 7, ADT - 2 & SH - 9 are being made available w.e.f. 25.09.2015. Beta version of C&I Validation tool is also being made available.
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Acceptance of deposit from relatives of directors of Pvt. Cos
The MCA vide its notification dated 15.09.2015 has relaxed the Deposit Rules to the extent that a private company can accept loan from relatives of its directors, subject to that such person shall give a declaration that the loan is given out of his owned funds and are not from borrowed funds. Relative need not be a member of the company.
MCA introduces CLSS 2014
The Ministry of Corporate Affairs has introduced once again Company Law Settlement Scheme - CLSS 2014 vide Circular No. 34 dated 13th August 2014. This CLSS will commence from 15th August 2014 and will remain in force till 15th October 2014. Under the scheme, companies, which have defaulted in Annual filings (Form 23AC/ACA, 20B, 21A, 66 and 23B) due upto 30th June 2014 can file these forms with 25% of additional fees.
New circular from MCA
MCA issues notification for amending Companies (Share Capital and Debenture) Rules, 2014 on 18.06.2014.