Ministry of Corporate Affairs –initiatives and salient achievements in the last six months https://www.taxtmi.com/news?id=14769 Enhancement of the corporate regulatory framework focuses on clarifying and operationalising the Companies Act, 2013 through circulars, rule amendments and orders to remove implementation difficulties; amendments expand CSR funding eligibility. Compliance has been simplified by discontinuing selected forms, substituting declarations for affidavits, reducing small-company fees, easing foreign director procedures and integrating incorporation processes with a unified e-business portal. Adoption arrangements for Ind AS have been completed. Proposed statutory changes aim to align capital and seal requirements with international practice, simplify related-party approvals while protecting minority shareholders, provide penalties for deposit defaults, and rationalise fraud-related procedures. Enforcement steps include SFIO investigations, merger action to address oversight failures and online fraud inquiries. en-us Tue, 28 Jul 2015 17:58:06 +0530 Tue, 28 Jul 2015 17:58:06 +0530 TaxTMI RSS Generator Ministry of Corporate Affairs –initiatives and salient achievements in the last six months https://www.taxtmi.com/news?id=14769 Enhancement of the corporate regulatory framework focuses on clarifying and operationalising the Companies Act, 2013 through circulars, rule amendments and orders to remove implementation difficulties; amendments expand CSR funding eligibility. Compliance has been simplified by discontinuing selected forms, substituting declarations for affidavits, reducing small-company fees, easing foreign director procedures and integrating incorporation processes with a unified e-business portal. Adoption arrangements for Ind AS have been completed. Proposed statutory changes aim to align capital and seal requirements with international practice, simplify related-party approvals while protecting minority shareholders, provide penalties for deposit defaults, and rationalise fraud-related procedures. Enforcement steps include SFIO investigations, merger action to address oversight failures and online fraud inquiries. News - Tue, 28 Jul 2015 17:58:06 +0530 https://www.taxtmi.com/news?id=14769