| Notification/Circular no. |
Date | Subject | Amendment |
| G.S.R. 772(E) |
November 03, 2014 | Company Law Board (Fees on Applications and Petitions) Amendment Rules, 2014. |
The Central Government has further amended the Company Law Board (Fees on Applications and Petitions) Rules, 1991 |
| General Circular 42/2014 |
November 12, 2014 | Clarification on matters relating to the Companies(Cost Records and Audit) Rules,2014 |
The Government has received clarification as regards Rules 5 (1) and 6 (2) of the Companies (Records and Audit) Rules, 2014 regarding maintenance of cost records and filing of notice of appointment of the Cost Auditor in Form CRA-2 in electronic mode. In this regard, it has been clarified that considering delay in availibility of Form CRA-2 in electronic mode, it has been decided to extend the date of filing of the said Form without any penalty/late fees upto 31st January, 2015. It is also clarified with regard to the Companies who have already filed Form 23C need not file fresh form CRA-2 for the financial year 2014-2015. |
| General Circular 43/2014 |
November 13, 2014 | Issue of Foreign Currency Convertible Bonds (FCCBs) and Foreign Currency Bonds (FCBs) – Clarification regarding applicability of provisions of Chapter III of the Companies Act, 2013. |
It has been clarified that the issue of FCCBs and FCBs by companies is regulated by the Ministry of Finance’s regulations contained in Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipts Mechanism) Scheme 1993 and RBI through its various directions/regulations. Accordingly, unless otherwise provided in the said Scheme or the directions/regulations issued by RBI, provisions of Chapter III of the Companies Act, 2013 shall not not apply to an issue of a FCCB or FCB made exclusively to persons resident outsde India in accordance with the abovementioned regulations. |
| General Circular 44/2014 |
November 14, 2014 | Extension of Company Law Settlement Scheme,2014 (CLSS-2014) up to 31/12/2014. |
The Company Law Settlement Sheme, 2014 (CLS-2014) has been extended upto 31st December, 2014. |
| General Circular 45/2014 |
November 18, 2014 | Extension of time for holding Annual General Meeting (AGM) under section 96(1) of the Companies Act, 2013-Companies registered in State of Jammu and Kashmir. |
The extension of time has been granted to the Companies registered in the State of Jammu & Kashmir who could not hold their AGMs (other than first AGM) owing to unprecedented floods and the devastation caused thereof for the financial year 2013-14 to hold their AGM upto 31/12/2014. |
MCA November 2014
