Transfer of proceedings to National Company Law Tribunal - pending Company Law Board matters to be disposed under Companies Act.
The notification directs that all matters, proceedings, and cases pending before the Company Law Board shall stand transferred to the National Company Law Tribunal and be disposed of in accordance with the provisions of the Companies legislation, constituting a procedural reallocation of jurisdiction by the Central Government.

Constitution of tribunal benches establishes locations and territorial jurisdictions under the Companies Act via ministerial notification.
Central Government constitutes Benches of the National Company Law Tribunal by ministerial notification, specifying each Bench's title, location and the states or union territories over which it will exercise territorial jurisdiction, and the notification records subsequent omissions, insertions and substitutions made by later notifications that amend specific territorial allocations.

Commencement of Companies Act provisions: specified sections brought into force on the appointed date, 1 June 2016.
The Central Government, exercising powers under sub section (3) of section 1 of the Companies Act, 2013, appoints 1 June 2016 as the date on which a specified list of provisions-individual sub sections, provisos and several whole sections identified in the notification-shall come into force, including provisions on formation particulars, share and debenture rights, officers' duties, members' remedies, corporate governance, and specified insolvency and winding up sections, together with commencement of a provision amending references to the Tribunal.

Company law appellate tribunal constituted to hear appeals from the company law tribunal under the Companies Act, effective from June.
Constitution of a Company Law Appellate Tribunal under the Companies Act to hear appeals against orders of the Company Law Tribunal, effected by official notification fixing the appellate forum and its commencement date.

Constitution of National Company Law Tribunal establishes its authority to exercise Companies Act powers following government notification.
Central Government constitutes the National Company Law Tribunal under the Companies Act, 2013 to exercise and discharge the powers and functions conferred on it by that Act; the constitution is effected by government notification invoking the statutory commencement mechanism and specifying the Tribunal's effective commencement.

Conversion of firm/LLP to company requires expanded documentary, stamp compliance, CA-certified accounts and registrar intimation.
The rules amend the Companies (Authorised to Register) Rules, 2014 to include firms in conversion proceedings, adding a definition of "firm" and expanding documentary and procedural requirements for conversion from LLPs or firms into companies. Mandatory attachments now include partnership deeds (including revisions), certificate of registration of the firm if any, an undertaking as to Indian Stamp Act compliance, a CA-certified statement of assets and liabilities dated within thirty days of filing, and the latest income tax return. The URC-1 form and consent, affidavit and publication requirements are correspondingly revised, and dissolution papers must be submitted to the authority where the entity was earlier registered.

CSR channels clarified: companies may implement CSR via not-for-profit companies, trusts or societies with mandated project modalities and monitoring.
The amendment permits a company's Board, with CSR Committee approval, to undertake CSR activities through a section 8 company or a registered trust or society established by the company or by Central/State Government or statutory entities; if the Board uses an entity other than those specified, that entity must have an established three-year track record in similar programmes and the company must specify the projects, fund utilisation modalities and monitoring and reporting mechanism.

Commencement of Companies Act provisions: executive notification activates specified sections and clause into force.
Commencement of specified statutory provisions is effected by executive notification appointing a date for those provisions to come into force, thereby operationalising clause (iv) of sub-section (29) of section 2 and sections 435 to 438 and 440 of the Companies Act by administrative order.

Special Courts designation under Companies Act enables trial of serious company offences with prescribed imprisonment.
The Central Government, with High Court concurrence, designates named existing criminal courts as Special Courts under section 435 of the Companies Act, 2013 to try offences under the Act punishable with imprisonment of two years or more, and maps each designated court to its territorial jurisdiction as set out in the notification table, including subsequent substitutions to certain entries.

Companies (Registration Offices and Fees) Amendment Rules substitute GNL 1 and GNL 4, prescribing mandatory ROC e form fields and signatures.
The amendment substitutes Form GNL-1 and Form GNL-4, prescribing mandatory fields for ROC applications including applicant category, company identifiers (CIN/FCRN, GLN), application particulars (compounding of offences, AGM extension, schemes), required attachments, stamp duty particulars, and digital signature and professional certification requirements for signatories.

Appointment of Chief Executive Officer under Companies Act to hold additional charge for a limited government-designated tenure.
Central Government has appointed Shri Amardeep Singh Bhatia, IAS, as Chief Executive Officer of the Investor Education and Protection Fund Authority under sub-section (6) of the Companies Act, 2013 read with rule 6 of the IEPF Authority Rules, 2016, to hold the office as an Additional Charge, commencing on assumption of charge for a limited tenure or until further orders.

Investor Education and Protection Fund Authority constituted; members appointed, terms governed by applicable rules, reimbursement for meeting expenses.
Central Government constitutes the Investor Education and Protection Fund Authority under the Companies Act, appointing the Secretary, Ministry of Corporate Affairs as Chairperson ex officio, ex officio regulator representatives, and named non-official members. Membership is divided between ex officio officials and appointed members. The term of office for specified members is governed by the Authority rules and non-official members are entitled to reimbursement of actual expenditure for attending meetings as provided in those rules.

Delegation of powers to appoint inspectors enables regional directors to inspect company books after central government orders such inspections.
The Central Government, being satisfied that circumstances warrant, delegates the powers to appoint Inspectors for inspection of a company's books and papers (where such inspection is ordered by the Central Government) to the Regional Directors, thereby vesting appointment authority in regional officials to operationalise centrally ordered inspections.

Regional Director jurisdiction expanded to include Telangana under Section 396, altering territorial scope for administrative functions.
Amendment to the administrative allocation of Regional Directors under Section 396 of the Companies Act, 2013 substitutes the territorial description in a prior notification to include Telangana alongside Karnataka and Andhra Pradesh, thereby modifying the territorial scope for discharge of Regional Directors' functions under the cited provision with retrospective effect to the earlier notification's effective date.

Indian Accounting Standards compliance requires revised Schedule III presentation and enhanced disclosure obligations in financial statements.
Amendments create Division II in Schedule III to require companies subject to Indian Accounting Standards (Ind AS) to prepare financial statements under a prescribed presentation and minimum disclosure framework, with Notes providing narrative, disaggregated information and cross references. The Schedule prescribes formats for Balance Sheet, Statement of Changes in Equity and Statement of Profit and Loss, requires comparatives and rounding conventions, sets materiality and classification rules for current/non current items, and mandates detailed disclosures for assets, liabilities, equity, income and expense items. Consolidated financial statements follow these requirements with additional group level disclosures.

XBRL filing exemption: specified entities in banking, insurance, power and non banking finance relieved from filing financial statements electronically.
The amendment substitutes the proviso to rule 3 to provide that companies in the banking sector, insurance sector, power sector, non banking financial companies and housing finance companies need not file financial statements under rule 3 of the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015; the rules are titled as the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2016 and commence on publication in the Official Gazette.

Accounting Standards: revised recognition, measurement and disclosure rules for inventories, provisions, PPE and consolidation.
Amendments revise multiple Accounting Standards: AS 2 mandates inventories be measured at the lower of cost and net realisable value with defined cost components, permitted cost formulas and disclosure requirements; AS 4/AS 29 distinguish contingencies and post balance sheet events, require provisions only where present obligation, probable outflow and reliable estimate exist and set measurement and disclosure rules; AS 10 prescribes recognition, measurement (cost or revaluation model), depreciation, derecognition and disclosure for property, plant and equipment; AS 13, AS 14 and AS 21 restate rules for investments, amalgamations (including goodwill treatment) and consolidated financial statements, with transitional provisions and cross references to other Standards.

Forensic Audit recruitment rules set qualifications, age limits, promotion and deputation conditions for key investigative posts.
These recruitment rules regulate staffing for Assistant Director, Senior Assistant Director and Deputy Director (Forensic Audit) posts in the Serious Fraud Investigation Office, specifying pay bands, age limits, probation, essential educational qualifications and minimum audit or forensic audit experience for direct recruits; setting promotion and deputation eligibility and tenures; mandating Departmental Promotion/Confirmation Committees and consultation with the Union Public Service Commission; and preserving powers to relax provisions and apply reservation and other concessions.

Ind AS applicability expands to NBFCs: phased implementation, transition and consolidation requirements imposed by government rules.
The amendment expands Ind AS applicability by defining NBFCs and imposing a phased adoption timetable for NBFCs and their group entities based on net worth and listing status, prescribes net worth calculation from specified audited stand alone statements, and provides consolidation guidance where group entities apply different accounting frameworks. It requires banking and insurance groups to follow regulator notified Ind AS variants and inserts comprehensive transitional, measurement and disclosure amendments across multiple Ind ASs including Ind AS 101, 109, 110, 11 and 18.

Accounting standards consultation permitted with ICAI and National Advisory Committee pending constitution of NFRA authority
The Order inserts a proviso in section 133 permitting the Central Government to prescribe Accounting Standards or addenda as recommended by the Institute of Chartered Accountants of India, after consultation with and examination of recommendations from the National Advisory Committee on Accounting Standards, until the National Financial Reporting Authority is constituted; it is deemed effective from 1st April, 2015 and issued under section 470 to remove difficulties.