Companies Act schedule amendments circulated for implementation and acknowledgement by company registries.
Amendments to Schedule V and Schedule VI of the Companies Act, 1956 were notified by Gazette instruments and circulated by the Department of Company Affairs to Regional Directors and Registrars of Companies for information and necessary action, with a request for acknowledgement of receipt.

Submission of soft copy of Cost Audit Reports must be on non rewritable media in prescribed two part formats to ensure uniformity.
Cost Auditors must submit the soft copy of Cost Audit Reports on a non rewritable CD ROM with two parts: Part I as a single file in PDF (Adobe Acrobat v4.0+) or Microsoft XLS format containing the full report and annexures, and Part II as an Excel worksheet reproducing Paras 4-28 of the Annexure in the prescribed format. The electronic submission must not disclose any identifying or location information of the unit or company. These format and anonymity requirements are effective immediately.

Amendment to Schedule XIII notified; compliance for companies in special economic zones and IEPF committee changes forwarded.
The Department of Company Affairs forwards two Gazette notifications for action: an amendment to Schedule XIII of the Companies Act, 1956 concerning companies in Special Economic Zones, and an amendment to the committee that administers the Investor Education and Protection Fund, directing Regional Directors and Registrars of Companies to note the changes and acknowledge receipt.

Amendments to companies law prospectus and secretary qualification rules circulated for registrar and regional compliance.
The Ministry circulated Gazette notifications amending Schedule II on prospectus provisions and issuing a corrigendum to the rules on appointment and qualifications of company secretaries, directing Regional Directors and Registrars of Companies to note the changes and acknowledge receipt.

Reversion to private company status: subsidiaries of foreign corporates may revert upon application; Registrar must update certificate.
The amendment nullifies the earlier deemed public effect for subsidiaries of foreign body corporates, restoring statutory private company status where applicable. Companies must apply to the Registrar to amend their certificate of incorporation, and the Registrar is required to substitute "private limited" for "public limited" and complete corrections within four weeks. No time limit is prescribed for seeking reversion; companies that do not apply are deemed to have chosen to remain public, and the former exemption used when foreign bodies held all shares is no longer required.

Unclaimed dividends and corporate payments: transfer to Investor Education and Protection Fund after prescribed unclaimed period.
Section 205C mandates transfer of specified unclaimed corporate monies to the Investor Education and Protection Fund when they remain unclaimed for the statutory unclaimed period. This covers unpaid dividends (including interest), application moneys due for refund, matured deposits, matured debentures and interest thereon, subject to transitional rules for amounts previously transferred to government accounts and a limited grace period following the Fund's operational commencement.

Threshold limit for TDS on dividend and mutual fund income raised, exempting small payments from deduction.
The circular raises the threshold limit for deduction of tax at source on dividend income and income from mutual fund units so that no tax shall be deducted where the dividend or unit income does not exceed the prescribed threshold, with immediate effect; officers are directed to implement the revised threshold and to notify staff in their regions.

Constitution of Company Law Board Benches allocates matters to Principal, Regional and Single Member benches with territorial jurisdiction.
Constitution of Company Law Board benches assigns corporate reorganisation, revival, winding up and Chapter VI matters to a Principal Bench and an Additional Principal Bench at Chennai with named Members; interlocutory and miscellaneous applications may be heard by a Single Member. The Additional Principal Bench's territorial jurisdiction covers specified southern States and Union Territories. Regional Benches handle certain listed provisions while Single Member benches at Regional Benches deal with other Companies Act matters and specified Reserve Bank matters. Benches may sit anywhere in India and may refer matters to the Principal Bench for joint consultation.

Amendment to Schedule XIII: Notification forwarded to regional directors and registrars, requiring circulation and acknowledgment.
Notification G.S.R. 565(E) dated 14.08.2002 amending Schedule XIII to the Companies Act, 1956 is circulated by the Department of Company Affairs to all Regional Directors and Registrars of Companies, with directions for circulation and a request to acknowledge receipt; the communication serves as an administrative transmission to bring the amendment to the attention of enforcement and registration authorities.

Rounding of figures in Schedule VI notified; recipients instructed to circulate the alteration and take necessary administrative action.
Alterations to Schedule VI concerning the rounding of figures have been promulgated by government notification and are forwarded to Regional Directors and Registrars of Companies for noting and necessary administrative action, with a request to acknowledge receipt.

Company Law Board fees rules amendment circulated for administrative action and acknowledgement by company registrars.
Amendment to the Company Law Board (Fees on Applications and Petitions) Rules, 1991 by Notification GSR 510(E) dated 22.7.2002 is circulated to Regional Directors and Registrars of Companies for information and necessary action, with a request to acknowledge receipt of the enclosed Gazette notification.

Dividend withholding: mandate to include TDS particulars on dividend warrants and issue matching TDS certificates to shareholders.
Companies must include TDS particulars on dividend warrants: ledger folio, number of shares, warrant number, gross dividend, rate of tax, tax deducted, net amount payable, and a certification clause with place, date and signature of the person responsible for deduction. The TDS format may be printed on the reverse of the warrant and, where dividends are paid electronically or in demat form, the same format should be issued; for cash or cheque payments, companies should issue the TDS certificate in this format along with the dividend intimation.

Disclosure thresholds under Companies Act: revised remuneration limits apply and may be used for prior year reports.
Revised disclosure thresholds for employee remuneration under section 217(2A) and the Companies (Particulars of Employees) Rules apply to Directors' Reports annexed to balance sheets for financial years closing on or after the revision date; additionally, Directors' Reports for the financial year ending 31 March 2002 may include employee details on the basis of the revised limits, as an administrative clarification for Regional Directors and Registrars.

Delay in filing statutory form triggers additional fee under Companies Act for late document submission.
Where appointments meet Schedule XIII conditions, a return in Form No.25C must be filed within ninety days; belated filing of Form No.25C does not attract section 637B(b) but falls under section 611, and Registrars of Companies shall charge additional fee on belated Form No.25C filings at the rate standardized by Press Note No.2/95.

Amendment to Companies Secretary qualification rules updates appointment and notification procedures for compliance and circulation.
Amendments and corrigendum were circulated affecting the Companies (Appointment and Qualifications of Secretary) Rules, 1988 and prior notification GSR 555(E); the Department of Company Affairs forwarded three Gazette notifications-a corrigendum, an amendment to the earlier notification, and an amendment to the 1988 Rules-to regional directors and registrars of companies for information, necessary action and acknowledgement.

Amendments to companies fee rules circulated; Schedule VI alterations notified affecting company filing and fee procedures.
Amendments to the Companies (Fees on Applications) Rules, 1999 (GSR 365(E) dated 14.5.2002) and alterations to Schedule VI of the Companies Act, 1956 (GSR 376(E) dated 22.5.2002) were circulated by the Department of Company Affairs to all Regional Directors and Registrars of Companies with a direction to acknowledge receipt and to implement the changes in respect of company filings and fee assessments.

Filing fees for foreign companies revised; standardized delay cost schedule allows belated statutory filings upon payment.
Revision of filing fees for foreign companies under Section 601 increases the prescribed per-document fee and is effective from the notified date. A standardized, tiered additional fee schedule is prescribed to condone delays in filing statutory documents by foreign companies, permitting Registrars to accept the additional fee alongside the normal filing fee to allow belated filings, and directing the Registrar of Companies, Delhi to implement collection of the revised fees and charges.

Revenue recognition norms for Nidhi and Mutual Benefit Societies require asset classification and updated regulatory compliance.
Norms establish standards for revenue recognition and classification of assets for Nidhi companies and Mutual Benefit Societies, circulated via two Gazette notifications: one amending directions for compliance and the other setting asset classification and revenue recognition norms that supersede the prior notification. The Department of Company Affairs instructs Regional Directors, Registrars of Companies and Official Liquidators to implement the updated regulatory instructions and acknowledge receipt.

Public Financial Institution designation for NABARD prompts Companies Act reporting and employee disclosure revisions in directors' reports.
Declaration of NABARD as a Public Financial Institution under section 4A of the Companies Act, 1956 gives NABARD that regulatory classification. Separately, revision of limits under section 217(2A) read with the Companies (Particulars of Employees) Rules, 1975 changes which employees must be disclosed in the Statement attached to the Board's report; this revision applies to directors' reports annexed to balance sheets for financial years whose accounts close on or after the notification date.

Debenture Redemption Reserve clarified: exemptions for banking/AIFI issuers and prescribed adequacy for public and private debentures.
Section 117C requires companies to create a Debenture Redemption Reserve by crediting adequate amounts from profits annually until debentures are redeemed, to be used exclusively for redemption of the specified series. The obligation arises only from distributable profits; no DRR is required in loss years. Section 117C applies to debentures issued and pending redemption (including pre amendment issues) and to the non convertible portion of convertible debentures. Banking companies and RBI regulated All India Financial Institutions are exempt; differentiated adequacy rules are prescribed for RBI registered NBFCs and for manufacturing and infrastructure companies for public and private placements.