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_*MCA UPDATE*_

    *Companies (Removal of Difficulties) Third Order 2016*

    _Effective from 01/04/2014_

    Time period to comply with rotation changed in a logical manner.

    Instead of 3 years, time period given till 1st AGM held after 3 years.

    http://www.mca.gov.in/Ministry/pdf/ROD_Third_Order_2016.pdf

    _*————————————————*_

    *Companies (Appointment & Remuneration of Managerial Personnel) Amendment Rules 2016*

    _*A.*_ *MR-1 not required to be filed for CEO, CS, CFO.*

    _*B.*_ disclosure relating to Directors and employees getting remuneration reduced.

    Disclosure of employees whose salary is Rs. 1.02 crore p.a. / 8.5 lac p.m. to be made _(instead of 60 lac p.a. / 5 lac )

    http://www.mca.gov.in/Min…/pdf/AmendmentRules_01072016.pdf

    3. Deposit Rules Amended.

    http://www.mca.gov.in/Ministry/pdf/Rules_30062016.pdf

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