MCA November 2014

By December 28, 2014 December 20th, 2019 No Comments
Date Subject Amendment
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 
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. 
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,
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.
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.  
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.

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