Corporate Genius Blog

CGB- 3rd Anniversary

2015-07-16T22:22:00.000+05:30

Corporate Genius Blog is celebrating its 3rd Anniversary today 16/07/2015. Thank you all for your whole hearted support and encouragement. ---- Wait for interesting posts in coming days..

Extension of time for filing of CRA 2 & CRA -4

2015-06-15T22:23:00.000+05:30

MCA through its recent circular informed the following- The Ministry of Corporate Affairs has received several representations about the non-availability of the revised form CRA-2 on MCA-21 required for filing of notice of appointment of the Cost Auditor for the F.Y. 2015-16, although the time Iimit for filing of the same has either lapsed or will be lapsing. The revised form CRA-2

The Companies (Amendment) Act 2015

2015-06-04T15:15:00.000+05:30

Download The Companies Amendment Act 2015 by clicking on the link given below- Click Here ------------------------- Blog Disclaimer Applies.

SEBI (Prohibition of Insider Trading) Regulations 2015 came into effect

2015-05-17T11:57:00.001+05:30

SEBI had vide its notification dtd 15/01/2015 published the SEBI (Prohibition of Insider Trading) Regulations 2015 which would replace the existing two decade old SEBI (Prohibition of Insider Trading) Regulations 1992. The new regulations was announced to come into effect from May 2015 onwards. As announced, the regulations came into effect. The new regulations have widened the definitions of

ICAI- Background Material on GST

2015-05-17T11:42:00.002+05:30

Background Material on GST issued by Institute of Chartered Accountants of India (ICAI). Download by Clicking me ------------------------------------------------------------------------------------------------- Blog Disclaimer Applies

The Companies (Incorporation) Amendment Bill 2015

2015-05-16T22:01:00.003+05:30

Download The Companies (Incorporation) Amendment Bill 2015

NCLT to become a reality- Good news for Corporate World

2015-05-15T21:22:00.001+05:30

The Hon'ble SupremeCourt of India upheld the constitutional validity of National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT). The said decision is beleived to boost the development of Corporate Sector and for speedy implementation of remaining sections The Companies Act 2013 (new Cos Act). Read the full judgement here from Supreme Court Website (

SEBI strict in case of appointment of Woman Directors

2015-04-20T21:06:00.000+05:30

SEBI recently issued a circular in the interest of trade and public interest and for the protection of the interests of investors in securities and to promote the development of, and to regulate the securities market and shall come into effect immediately. SEBI, vide its Circular No. CIR/CFD/POLICY CELL/2/2014 dated April 17, 2014, amended the provisions of Clause 49 of Listing Agreement

Foreign Trade-Only 3 docs required for Export/Imports

2015-03-22T23:33:00.000+05:30

As per the recent notification dtd 12.03.2015 by Central Govt, with effect from 1st April, 2015, only three documents each {as given in para (a) & (b) below} would be mandatory for exports and imports. The new Para 2.53 of Foreign Trade Policy, 2009-14 reads as follows- “The following mandatory documents are prescribed for exports and imports of goods from/into India: (a) Mandatory

MCA amendment of rules.

2015-03-20T22:00:00.002+05:30

Ministry of Corporate Affairs has brought amendments to the following rules. (Click on the links to View/Download files.) The Companies (Management and Administration)Amendment Rules 2015 The Companies (Share Capital and Debentures)Amendment Rules, 2015 The Companies (Meetings of Board and its Powers)Amendment Rules, 2015 ------------------------

Regd blog updates

2015-03-01T21:19:00.001+05:30

Hi all, Hope all of you are doing well. Congratulations to all students who passed CS/CA/CMA exams. I request all those who were not able to get through this time, to continue your efforts. Please do try to update yourselves both in studies and also in Articleship/Training. Hope next time, you will succeed in flying colors. All the best ! As I was busy with my work, I was not able to post

Appointment of Cost auditor- filing date extension

2015-02-17T16:17:00.002+05:30

The last date for filing of Notice of appointment of Cost Auditor in Form CRA-2 without any penalty/late fee is extended to 31st March 2015.

Download- The SEBI (Prohibition of Insider Trading) Regulations 2015

2015-01-30T11:39:00.000+05:30

Click on the link given below to download "The SEBI (Prohibition of Insider Trading) Regulations 2015". The SEBI (Prohibitionof Insider Trading) Regulations 2015 (pdf ~84kb) ----------------------------- Read more about the above post by clicking here If you like this post please do put your comments in the comment box below this post or share it on social network using share/like

SEBI publishes new Insider Trading Regulations in 2015

2015-01-30T11:32:00.000+05:30

SEBI has vide its notification dtd 15/01/2015 published the SEBI (Prohibition of Insider Trading) Regulations 2015 which would replace the existing SEBI (Prohibition of Insider Trading) Regulations 1992. The new regulations would come into effect May 2015 onwards. The new regulations have widened the definitions of “Insider”, “ Unpublished Price Sensitive Information (UPSI)” and “Connected

India- Republic Day 2015

2015-01-25T22:52:00.003+05:30

India celebrates its 66th Republic day on 26th January 2015 Corporate Genius Blog (CGB) wishes all of you a "Happy Republic Day 2015" from CGB ------------------------------------------------------- Corporate Genius Blog - Experience the Power of Knowledge !

Banks to enter Insurance Business- Guidelines

2015-01-25T21:40:00.001+05:30

RBI had through its Circular DBOD.No.FSC.BC.16/24.01.018/2000-2001 dated August 9, 2000 permitted banks to set up insurance joint ventures on risk participation basis and also to undertake insurance business as agents of insurance companies on fee basis, without any risk participation by banks and their subsidiaries, consequent to the notification of Government of India specifying “Insurance”

Salary outside India- FEMA regulations applicable?

2015-01-25T17:13:00.001+05:30

RBI had been receiving queries whether remittance of salary outside India can be affected for employees on deputation to a group company in India and for employees of Limited Liability Partnership. Recently, RBI has through its circular informed that the facility available to an employee of a company under Regulation 7(8) of Notification No. FEMA 10 (as amended from time to time) shall also

Simplification of Customs procedures for shipping

2015-01-23T20:28:00.001+05:30

A Committee was set up by Ministry of Shipping for simplification of shipping related Customs procedures. The Committee has made, interalia, certain recommendations for implementation by Customs. Board has examined the recommendations of the said Committee in consultation with identified Chief Commissioners of Customs. Accordingly, the following decisions have been taken to streamline the

MCA - Amendment to CSR Rules 2014

2015-01-22T21:26:00.001+05:30

MCA through its notification dtd 19/01/2015 made the following amendment to the Companies (Corporate Social Responsibility Policy) Rules 2014. In the Companies (Corporate Social Responsibility Policy) Rules 2014, in Rule 4 in sub-rule (2),- (i) for the words "established by the company or its holding or subsidiary or associate company under section 8 of the Act or otherwise", the words "

Resignation of foreign director- Form DIR II

2015-01-22T21:15:00.000+05:30

MCA has through its notification dtd 19/01/2015 made an amendment to Companies (Appointment and Qualification of Directors) Rules 2014. In the Companies (Appointment and Qualification of Directors) Rules 2014, in rule 16 the following proviso shall be inserted, namely:- "Provided that in case a company has already filed Form DIR-12 with the Registrar under Rule15 a foreign director of such

Answer Key- Self test questions CML4/2014-15

2015-01-16T13:15:00.000+05:30

Answer Key to Self-test questions Set no. CML 4/2014-15 dtd 16/01/2015 Click here to read the questions Answers are as follows 1. 15..th day. 2. False. The sitting fee paid to Independent directors & Women directors should not be less than the sitting fee payable to other directors

Self-test Questions on Company Law- CML 4/2014-15

2015-01-16T13:04:00.000+05:30

Questions Set No. CML 4/2014-15 Applicable Laws: The Companies Act 2013 & related rules/regulations/schedules. Update & refresh your knowledge on Company Laws ! Just try it ! 1. A company shall have a registered office on and from the …th day of its incorporation. (Options- a. 15th b.30th c.7th d.45th ) 2. “A company can pay

Effectiveness of Study Time – Part II

2015-01-06T21:10:00.002+05:30

Feeling sleepy during studies? Try this ! We are all CS/CA/CMA aspirants who have a lot of things to study during our course duration. . We all have heard some of us say - "whenever I take my book and start my studies, I feel sleepy". Many of us may feel sleepy while studying for continuous hours. This tendency could be reduced by following tips. 1.

Companies (Cost Records and Audit) Amendment Rules 2014

2015-01-06T20:02:00.001+05:30

MCA Companies (Cost Records and Audit) Amendment Rules 2014 Click here to View/Download Source: MCA website Blog Disclaimer applies.

New Year Wishes 2015

2015-01-01T23:13:00.001+05:30

HAPPY NEW YEAR to all readers and well wishers. Corporate Genius Blog "Experience the Power of knowledge".