MCA has come with Company (Incorporation) Third Amendment Rules by notification dated 27.07.2016

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

WWW.MCA.GOV.IN

www.mca.gov.in

http://mca.gov.in/Ministry/pdf/Rules_22072016_1.pdf

http://mca.gov.in/Ministry/pdf/Rules_22072016.pdf

Website of NCLT has started functioning, u can find all the details at www.nclt.gov.in including listing of cases before all benches n all other information

(i)Now shares with differential rights can be issued after 5 years once the various defaults like non-payment of dividend/ interest etc made good

(ii) Start ups can issue sweat equity upto 50% of paid-up share capital upto 5 years from date of registration as start-ups

(iii)Start ups can issue ESOP to its promoters also upto 5 years

(iv)Now at preferential offer shares can be issued as partly paid-up shares as well.

(v)Now at preferential offer shares, convertible securities can be issued with an an option of fixing the conversion price at front (at time of issue) or fixing the price 30 days in advance to date of conversion based on a valuation report (not older than 60 days)

(vi)Now SH-7 can be used for filing of increase of members in case of company not having share capital

(vii) Now company issuing secured debenture can create charge on either its assets or assets of holding company or subsidiary company or associate company.

http://www.mca.gov.in/Ministry/pdf/Rules_19072016.pdf

*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

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*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

WWW.MCA.GOV.IN

www.mca.gov.in

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

It also provides that AOC-4 CFS will be made available latest by October 2015, hence, a company, which is required to file its Consolidated Financial Statement, would be able to do so without any additional fees upto 30/11/2015.

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