31.03.2015
Delegation of powers to RDs u/s 94(5) read with section 458 of CA, 2013 Regional Directors can direct an inspection of registers and returns and authorize extracts required to be taken from the registers and returns of a company. This notification shall come into effect from the date of its publication in the official Gazette.

31.03.2015 The Companies (Acceptance of Deposits) Amendment Rules, 2015
1. Share application money received prior to April 1, 2014 will not be considered as deposits if They have been disclosed as such in the balance sheet for the financial year ending prior to March 31, 2014, and The company either allot shares or returns the money before June 1, 2015
2. Companies may accept deposits without deposit insurance contract till 31 March, 2016 or till the availability of a deposit insurance product, whichever is earlier.

30.03.2015

General Circular No.05/2015 Amount received by private companies from their members, directors or their relatives before 1st April, 2014 - Clarification regarding applicability of Companies (Acceptance of Deposits) Rules, 20l4

Clarified that these amounts shall not be treated as deposits subject to the private company disclosing in its notes to financial statement for the financial year commencing on or after April 1, 2014 the figure of such amounts and the accounting head in which such amounts have been shown in the financial statement.

Any renewal or acceptance of fresh deposits from 1st April, 2014 shall be in accordance with the provisions of Companies Act, 2013 and rules made thereunder.

24.03.2015

Appointment of RoCs as adjudicating officers with jurisdiction and their appellate authorities’ u/s 454 of CA 2013. Registrars of Companies appointed as adjudicating officers for penalties under the provisions of the Companies Act 2013 for their respective jurisdictions.

19.03.2015

The Companies (Management and Administration) Amendment Rules, 2015 Provisions for E-voting made applicable only for companies with 1000 or more members Further clarifications provided on E-voting and its implementation. The provisions of this rule are applicable to all General meetings for which notices are issued from the date of commencement of this rule.

18.03.2015
Companies (Share Capital and Debentures) Amendment Rules, 2015

1. Where there is a contradiction or conflict between regulations framed by SEBI and MCA, SEBI regulations shall prevail for listed companies and MCA regulations will apply for unlisted public companies and private companies.
2. Where a Company Secretary is appointed, any person authorised by the Board or Secretary can sign the share certificate.
3. Time limit for issue of duplicate share certificates is extended from 15 days to 45 days.
4. Employee includes employees of a subsidiary and holding company for the purpose of ESOP and for this purpose the employees of the associate company shall not be considered. 5. Rule 13, a new provision introduced. In case of any preferential allotment made by a company to its existing members, there is no requirement of making open offer in Form PAS 4 and filling thereof with the ROC/SEBI. However, complete record of private placement offers in Form PAS 5 is required to be maintained.
6. Security for the debenture can be created on any specific movable property or specific immovable property wherever situated or whatever interest. In case of nonbanking financial company, the charge or mortgage may be created on any movable property, it need not be specific.
7. Issue of debentures by a government company which is fully secured by the guarantee given by the Central Government or one or more State Government or by both, the requirement for creation of charge under this subrule shall not apply.
8. Where any loan is availed by a subsidiary company from any bank or financial institution, its holding company is allowed to offer its property as security.The time period allotted for creating a trust deed is extended from 60 days to three months from the date of allotment
9. A new sub clause added to Rule 18 which deals with debentures by which these rules are made not applicable to funds raised by issue of commercial paper or any other similar money market instruments or FCCB or FCB.
10. Format of Form SH 13 and Form SH14 has been revised – now it includes details of nominee, in case minor nominee dies before attaining age of majority.

18.03.2015

The Companies (Meetings of Board and its Powers) Amendment Rules, 2015 The following decisions which were required to be taken only at a meeting of the Board of Directors are now permitted to be passed as circular resolutions:

1. to take note of appointment(s)or removal(s)of one level below the Key Management Personnel;

2. to take note of the disclosure of director’s interest and shareholding;

3. to buy, sell investments held by the company (other than trade investments), constituting five percent or more of the paid up share capital and free reserves of the investee company;

4. to invite or accept or renew public deposits and related matters;

5. to review or change the terms and conditions of public deposit; 6. to approve quarterly, half yearly and annual financial statements or financial results as the case may be.

12.03.2015 Inviting applications for filling up the posts of two Members of the Competition Appellate Tribunal.
10.03.2015 General Circular 4/2015: Clarification with regard to section 185 and 186 of the Companies Act, 2013 - loans and advances to employees
Loans and/or advances made by the companies to their employees, other than the Managing Director or Whole Time Directors are not governed by the requirements of Section 186 of the Companies Act, 2013. However such loans and/or advances to employees need to be in accordance with the remuneration policy and in the offer document/ appointment letter.
03.03.2015

General circular 03/2015: Clarification in relation to filing of Form DIR-11& DIR-12 under the CA 2013 In the absence of authorised signatories, even after resignation as a director, the resigned director is permitted to sign DIR-12 (Particulars of appointment of directors and the key managerial personnel and the changes among them) to facilitate compliance.