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| | | CORPORATE LAWS UPDATES
- Taxation of Limited Liability Partnership
The Ministry of Corporate Affairs released a press note dated 10th July 2009 on Taxation of Limited Liability partnership.
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- Companies declared by Central Government as Nidhis
In exercise of the powers conferred by subsection (1) and (2) of section 620A of the Companies Act, 1956 (1 of 1956), the Central Government vide Notification No. GSR 522(E) dated July 14, 2009 have declared Companies (as listed in the said notification) to be Nidhis.
- Authorization of officers of SFIO for filing and conducting prosecution under the Companies Act 1956
In exercise of the powers conferred by subsection (1) of section 621 of the Companies Act, 1956 (1 of 1956), the Central Government vide Notification No. GSR 540(E) dated July 21, 2009 authorizes Smt. Indrani Sen Chawdhuree, Senior Assistant Director and Shri Shobhit Gupta, Assistant Director of Serious Fraud Investigation Officer, Ministry of Corporate Affairs, for the purpose of filing and conducting prosecution under the Companies Act.
The detail of the notification is published in the Gazette of India, Extraordinary, Part II, Section 3(i) on July 21, 2009.
- The Companies Bill 2009
In exercise of the powers conferred by section 53A of the Competition Act 2002 (12 of 2003), the Central Government vide Notification No. SO 1240(E) dated May 15, 2009 establish, with effect from May 15, 2009, the Competition Appellate Tribunal, having HQ at Delhi. The detail of the notification is published in the Gazette of India, Extraordinary, Part II, Section 3(i) on May 15, 2009.
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- Amendment to Order dated 25.03.3008 constituting CLB Bench
The Company law Board vide File no. 10/43/3005- CLB dated August 6, 2009 partially modified the Order of even number dated 25 March 2009 i.e. the names of the Members in Para 1(c) (2) be read as follow:
- Shri S Balasubramanian, Chairman
- Shri R Vasudevan, Member
The other provisions of the aforesaid order remain unaltered.
The Order comes into force with immediate effect.
- Companies (Electronic Filing and Authentication of Documents) Amendment Rules, 2009
In exercise of the powers conferred by sub- section (1) of section 642 and 610B read with section 610Aand 610E of the Companies Act, 1956 the Central Government vide GSR 642(E) dated September 7, 2009 made the Companies (Electronic Filing and Authentication of Documents) Amendment Rules 2009 to further amend the Companies (Electronic Filing and Authentication of Documents) Amendment Rules 2006. These amended rules are enforceable from 13th September 2009. The detail of the notification is published in the Gazette of India, Extraordinary, Part II, Section 3(i) on September 7, 2009.
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- Scheme for Filing of Statutory Documents and other Transactions by Companies in Electronic Mode (Amendment) Scheme 2009
In exercise of the powers conferred by sub- section (2) of 610B of the Companies Act, 1956 the Central Government vide SO 2276 dated September 7, 2009 made the Scheme for Filing of Statutory Documents and other Transactions by Companies in Electronic Mode (Amendment) Scheme 2009. These amended schemes are enforceable from 13th September 2009. The detail of the notification is published in the Gazette of India, Extraordinary, Part II, Section 3(i) on September 7, 2009.
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- Companies (Central Government's) General Rules and Forms (Fourth Amendment) Rules, 2009
In exercise of the powers conferred by sub- section (1) of section 642 read with section 610B of the Companies Act, 1956 (1 of 1956) the Central Government vide GSR 643(E) dated September 7, 2009 made the Companies (Central Government’s) General Rules and Forms (Fourth Amendment) Rules 2009 to further amend the Companies (Central Government’s) General Rules and Forms 1956 These amended rules are enforceable from 13th September, 2009. The detail of the notification is published in the Gazette of India, Extraordinary, Part II, Section 3(i) on September 7, 2009.
The amended rules have revised Form No. 1, 5, 44 & 67
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- Companies (Central Government's) General Rules and Forms (Fifth Amendment) Rules, 2009
In exercise of the powers conferred by sub- section (1) of section 642 read with section 610B of the Companies Act, 1956 (1 of 1956) the Central Government vide GSR 649(E) dated September 8, 2009 made the Companies (Central Government’s) General Rules and Forms (Fifth Amendment) Rules 2009 to further amend the Companies (Central Government’s) General Rules and Forms 1956 These amended rules are enforceable from 13th September, 2009. The detail of the notification is published in the Gazette of India, Extraordinary, Part II, Section 3(i) on September 8, 2009.
The amended rules have re-revised Forms 24B and 25A.
For more details please refer to: click here....
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