Commencement of Credit Information Companies Act: all provisions brought into force on notified date by central government
The Central Government, exercising power under subsection (3) of section 1 of the Credit Information Companies (Regulation) Act, 2005, appoints the fourteenth day of December, 2006 as the date on which all provisions of the Act shall come into force.

Accounting Standards require companies and auditors to apply prescribed standards in preparation of general purpose financial statements.
The Central Government prescribes Accounting Standards and requires every company and its auditor(s) to apply them in preparing General Purpose Financial Statements; Accounting Standards 1-7 and 9-29 take effect for accounting periods commencing on or after publication. The rules define key terms including Small and Medium Sized Company and set eligibility conditions and a two period qualification requirement before SMCs may claim exemptions or relaxations.

Electronic filing framework under MCA-21 enables secure e-registry, mandatory digital signatures and DIN-based filings.
The Scheme implements the MCA-21 Project under section 610B to enable electronic filing, storage, retrieval, viewing, processing and transmission of company records through a secure Electronic Registry and Disaster Recovery Centre. It prescribes covered transactions (e.g., incorporation, annual returns, charges, inspections, approvals), mandates e-Forms, provisional and regular Director Identification Numbers, mandatory Digital Signatures for filings, electronic addresses for communications, fee payment mechanisms with refund procedures, and facilitation and helpdesk arrangements to support rollover, data migration and corrective verification.

Delegation of powers enables regional officials to allot Director Identification Numbers through the Northern Region office.
Central Government delegates its authority to allot Director Identification Numbers under sections 266A and 266B of the Companies Act to the Regional Director, Joint Director, Deputy Director and Assistant Director posted in the office of the Regional Director, Northern Region, exercising powers under clause (b) of sub-section (1) of section 637 of the Companies Act, 1956.

Director Identification Number requirement - centralized electronic allotment, lifetime identifier and filing duties for directors and companies.
The Rules mandate that every existing and prospective individual director apply electronically in Form DIN-1 to obtain a Director Identification Number; an on-line Provisional DIN is generated which must be regularised by submitting a physically signed Form DIN-1 with certified proof of identity and residence within the prescribed period. The Central Government processes applications, communicates approval or rejection, and all allotted DINs are unique and valid for the life time of the individual. Directors must notify companies of their DIN and must inform the Registrar via company filings; directors must also notify any changes in particulars using Form DIN-4 with supporting certified evidence.

Commencement of sections 2 and 3 appointed under Companies (Amendment) Act, 2006 to take effect on 1 November 2006.
The Central Government, under subsection (2) of section 1 of the Companies (Amendment) Act, 2006, by GSR 648(E) notified that the provisions of sections 2 and 3 of the Amendment Act shall come into force on 1-11-2006; the notification was issued by the Ministry of Company Affairs with file reference F. No. 1/4/2006-CL-V.

Commencement of Section 4: Government appoints a specific date for Section 4 of the Companies Amendment Act to commence.
The Central Government, under sub-section (2) of section 1 of the Companies (Amendment) Act, 2006, appoints the 16th day of September, 2006 as the date on which the provisions of Section 4 of the said Act shall come into force, by notification S.O. 1529(E) dated 14th September, 2006 issued by the Ministry of Company Affairs.

Companies form amendment updates statutory filing requirements and prescribes new e forms for charges, accounts and compliance.
Notification amends the Companies (Central Government's) General Rules and Forms by substituting specified Form Nos. 8, 20B, 21A, 23AC and 62 and inserting Forms 23ACA and 66, prescribing their content, mandatory fields, attachment requirements, digital signature and verification provisions, and the operative commencement date under powers conferred by section 642 read with section 610A of the Companies Act, 1956.

Electronic filing requirements: digital signature authentication mandated for company filings and secure electronic registry for public access.
All prescribed company filings must be submitted in computer readable PDF form and authenticated by an authorised company officer using a valid digital signature; Certifying Authority issued Digital Signature Certificates of higher class specification are required. The Central Government shall maintain an online portal and a secure electronic registry for storage and public inspection of filed documents, permit electronic issuance and authentication of official certificates and communications, and allow physical issuance only where electronic issuance is impracticable with reasons recorded in writing.

Inspection of Registrar records limited to in-person for physical files; electronic records accessible online upon fee payment.
The substituted regulations require applicants to apply and pay the prescribed fee to inspect Registrar records; non electronic documents may be inspected only in the presence of the Registrar or an authorised person during office hours, while electronically filed or scanned and digitized records forming part of the electronic registry are available exclusively in electronic form on payment of the prescribed fee.

Power to modify Companies Act application to Nidhis: government declares specified companies and prescribes exemptions.
Central Government, exercising powers to modify the Companies Act for Nidhis, declares the listed companies to be Nidhis subject to prior Government directions and amends the earlier notification by adding these companies to Schedule I. The notification specifies that certain Act provisions in Schedule III shall not apply to them or shall apply only with stated exceptions, modifications and adaptations, thereby formalising their classification and the modified statutory application.

Nidhi company provisions modified: service, voting limits, dividend procedures, director remuneration and filing fee adaptations.
Amendments tailor application of specified Companies Act provisions to Nidhi companies and Mutual Benefit Societies by substituting a specialized Schedule that carves out, modifies, or exempts general statutory obligations. Service of documents is limited to substantial members with broader notice permitted for smaller holders. Voting rights are capped to prevent concentration, meeting and balance sheet notice requirements may be fulfilled by public notice and notice board disclosure for small members, and dividend, filing fee, director remuneration, loan disclosure and nomination deposit rules are adapted to the mutual context.

Document endorsement requirements mandate company number, unique identifier and digital or Registrar authentication on filed documents.
Regulation 19 requires every document registered, recorded, or filed with the Registrar to bear the company number from the Register of Companies, a unique document number, and the date of registration; endorsements must be signed and sealed by the Registrar or authenticated by a valid computer-generated digital signature, and where endorsement cannot be entered on the document, a signed separate attachment is required for physical documents while electronic documents must carry an authenticated digital endorsement.

National Advisory Committee on Accounting Standards constituted to advise on company accounting policies and standards.
Constitution of the National Advisory Committee on Accounting Standards under the Companies Act to advise the Central Government on accounting policies and standards for companies. The notification specifies the Committee's statutory mandate and lists its membership drawn from professional institutes, regulators, government nominees and industry representatives, with each member's term prescribed to continue until a common terminal date. The notification is effective from publication in the Official Gazette.

Digital signature requirement: filing deadline extended but all electronic filings must use authorized DSCs under MCA21 thereafter.
Companies may file statutory documents without Digital Signature Certificates until the extended cut-off; thereafter all electronic filings under the MCA21 system must be submitted using the digital signatures of authorized signatories, with no further extensions. Companies and professionals should procure Class 2 or higher DSCs before the final deadline to comply with the mandatory electronic filing requirement.

Commencement of Act: specified Disaster Management Act provisions notified to come into force on appointed date.
Appointment under Section 1(3) of the Disaster Management Act, 2005 notifies that sections 2, 3, 4, 5, 6, 8, 10, 75, 77 and 79 shall come into force on the date appointed by the notification, bringing those listed provisions into operation from that appointed date.

Cost audit requirement mandates plantation companies to maintain and have cost accounting records audited annually under plantation rules.
An audit order requires specified plantation companies to maintain cost accounting records under the Cost Accounting Records (Plantation Products) Rules, 2002 and to have those records audited annually; the directive, issued under section 233B(1) of the Companies Act, applies to the listed companies for the year ending 31-3-2006 or the current financial year as applicable and for every financial year thereafter.

Audit of cost accounts ordered for specified pharmaceutical companies under statutory power, imposing annual cost-records audit requirement.
An audit order under section 233B mandates annual audits of cost accounting records maintained under the Cost Accounting Records (Bulk Drugs) Rules, 1974 and the Cost Accounting Records (Formulations) Rules, 1988 for specified pharmaceutical companies for the year ending 31-3-2006 or the current financial year and every financial year thereafter, with a list of named manufacturers and locations to which the requirement applies.

Cost accounting records wording revised: 'proper' and 'adequate' qualifiers removed, simplifying books and schedule particulars.
Amendments simplify statutory terminology by replacing "keep proper books of account" with "keep books of account" and changing "the particulars specified in the Schedule" to "the particulars of records specified in the Schedule". The Schedule replaces all occurrences of "proper records", "proper and adequate records" and "adequate records" with the single term "records", standardising the description of recordkeeping obligations and taking effect on publication in the Official Gazette.

Prohibition on specified securities contracts restricts non spot dealings, allowing limited when issued and ready forward transactions for designated entities.
No person shall enter into contracts for sale or purchase of Government securities, gold related securities and money market securities other than spot delivery or exchange traded contracts; when issued contracts in Government securities are permitted only to scheduled commercial banks, Primary Dealers and other RBI permitted persons under RBI specified terms. Ready forward contracts in corporate debt are prohibited, while ready forward contracts in Government securities are allowed only to specified SGL/Gilt account holders and designated financial entities, must be settled through SGL/Constituent SGL accounts, and must comply with SEBI and RBI rules and notifications.