Bulk share transfer procedure permits a covering transfer deed to register multiple transfers with annexed certificate details.
Companies may accept a single covering transfer deed signed by the transferee enclosing individual transfer deeds executed by transferors; the covering deed must include an Annexure of distinctive and certificate numbers. Enclosed individual transfer deeds need not be signed by the transferee and may bear a stamped name and address. Required stamp duty may be affixed on the covering deed or paid as prescribed by the Government.

Depreciation rate revision: revised rates apply to newly acquired assets and set transitional options for existing assets.
Revised rates of depreciation apply prospectively to assets acquired on or after the notification and to accounts closed on or after that date. For existing assets, W.D.V. users must apply revised W.D.V. rates to the written down value as at the end of the previous financial year. Straight Line Method users may either recompute the remaining period using revised rates and amortise the unamortised value, continue with old SLM rates for existing assets, or apply the revised SLM rates to original cost from the year of change.

Delegation of enforcement powers to SEBI enables filing of company-law offences and requires coordination to avoid duplicate action.
Authorisation permits a SEBI officer to file complaints under specified provisions of the Companies Act, 1956, with SEBI requested to supply complaint details to the concerned Registrars of Companies and the Department. Registrars must avoid duplication of enforcement where SEBI acts concurrently, and SEBI is to forward compounding applications under the compounding provision to the concerned Registrar for appropriate action under law.

Trust for odd-lot share disposal encourages companies to appoint independent trustees to consolidate and sell shareholders' odd lots.
Companies are advised to establish a voluntary trust mechanism whereby an independent trustee, unconnected with management, receives only the company's odd lot shares from investors, consolidates them into marketable parcels, engages recognised brokers to sell without manipulating market rates, and remits sale proceeds less brokerage and service charges to the original holders; the trustee may be advanced initial funds to be reimbursed, must keep daily books open to Registrar scrutiny, and companies must monitor trustees and direct investor complaints to the Investor Protection Cell or local Registrar.

House building loan exemption: companies may grant loans to managing directors on employee terms without prior government approval.
Companies may grant house building loans to managing directors and whole time directors without prior Central Government approval if the loans are made on the same terms and conditions as those applicable to the company's officers and employees; if no such officer scheme exists or the proposed loan falls outside those terms, prior government approval is required.

Signature verification: where attested signatures appear doubtful, companies should refer to the transferor before refusing registration.
Companies should not refuse registration of share transfers merely because signatures do not tally when attested by an authorized attestor; if there is doubt or apprehension about the genuineness or adequacy of attestation, companies should satisfy themselves by making a reference to the transferor, using such verification as an exception rather than a routine practice.

Reimbursement of director travel and personal effects transport permitted if company rules allow, without external approval.
Expenses on travel of a managing or whole-time director or manager and family and on transportation of personal effects on expiry of tenure are not perquisites and are not covered by Schedule XIII; companies may incur such expenses if the company's travelling rules provide for them, and no Central Government approval is required.

Application of revised Schedule XIII governs appointments and remuneration; increases allowed without Central Government approval except where specific conditions apply.
The revised Schedule XIII governs appointments and remuneration of managing/whole-time directors and managers from its notification; increases in remuneration for incumbents may be made from that date without Central Government approval unless earlier approval imposed specific conditions, which remain binding. For salary and perquisites the effective capital is calculated as at the last date of the financial year preceding the year of appointment or fixation/revision, except companies incorporated in the same financial year may use the date preceding appointment.

Acceptance of computer printed company documents - registrars must accept legible, compliant memoranda and articles for registration.
Registrars are directed to accept computer printed memorandum and articles of association for registration, including for purposes of sections 15 and 30, provided the documents are neatly and legibly printed and comply with the other requirements of the Companies Act; such acceptance is effective immediately and Registrars should take such documents on record.

Annual cost audit mandated for companies under cost accounting rules, converting alternate-year audits into compulsory yearly audits.
Revised orders convert alternate-year cost audits into compulsory annual cost audits beginning with the financial year ending 31 March 1994 and thereafter for companies previously subject to alternate-year audits. A list of affected companies will be sent to the Institute Secretary and members are to be informed via the Institute journal. The compulsory annual audit applies to industries for which Cost Accounting Records Rules have been prescribed under the statutory company accounts framework, imposing annual audit frequency and reporting obligations.

Maintenance of cost accounts: cost auditors must report non compliance immediately to enable regulatory action and enforcement.
Companies subject to the Cost Accounting Records Rules must maintain books of cost accounts with continual right of access to those records to ensure compliance with Section 209(1)(d). Cost auditors who detect non maintenance or non submission of cost records are required to report such non compliance to the Department of Company Affairs immediately when noticed; auditors who fail to do so may face departmental action under the Act and Rules.

Compounding of company law offences permits settlement by fee payment, barring prosecution and imposing compliance conditions.
The Act permits compounding of offences not punishable exclusively by imprisonment, with applications made by the company or officers in default to the Registrar for onward submission to the designated adjudicatory authority. Compounding bars subsequent prosecution and may terminate pending prosecutions by discharge. The authority may require filing of returns or documents within a specified time, non compliance of which is separately punishable. A single order can compound multiple offences, but a similar offence committed later cannot be compounded within three years. Composition fees are payable from company funds or, where applicable, from personal funds of officers in default.

Refund orders for public issue allotment require registered posting above a prescribed threshold and attract interest for delays.
Companies must dispatch refund orders for public issue allotments exceeding a prescribed threshold by registered post, with smaller refunds sent under certificate of posting; delayed refunds attract interest at a prescribed annual rate payable with the refund or duplicate refund order up to the date of actual despatch, and companies remain subject to Companies Act penal provisions for non compliance.

STOCKINVEST disclosure requirement: statutory allotment advertisements must state applications received, successful allottees and shares allotted.
Lead managers must ensure statutory advertisements on the basis of allotment disclose STOCKINVEST information: the number and percentage of applications received through STOCKINVEST, the aggregate shares applied for via STOCKINVEST, the number of successful allottees from STOCKINVEST, and the number and percentage of shares allotted to STOCKINVEST applicants, in compliance with Companies Law disclosure obligations.