New Schedule VI – New Balance Sheet and Profit and Loss A/c format applicable from F.Y. 2011-12

Company Law : Section 642 of the Companies Act, 1956 – Schedules, forms and rules – Power of Central Government to make rules – Amendment in Notification No. S.O. 447(E), dated 28-2-2011. NOTIFICATION [F. NO. 2/6/2008-C.L-V], DATED 30-3-2011

In exercise of the powers conferred by clause(a) of sub-section(1) of section 642 read with sub-section(1) of section 210A and sub-section (3C) of section 211 of the Companies Act,1956, (1 of 1956), the Central Government hereby makes the following amendment to paragraph 2 of the notification No.447(E) dated the 28th February, 2011:-

“The notification shall come into force for the Balance Sheet and Profit and Loss Account to be prepared for the financial year commencing on or after 1.4.2011″. To go to the official notification page, Click Here

Prosecution of Directors - MCA Circular Dated 25.03.2011

The Directors can also be prosecuted in case of Default committed. Section 5 of the companies act 1956 says that "Officers in Default" and "Directors" are responsible for the compliance and any default done. 

For Details, please go through the Circular published by the MCA Website.

Thanks,

CS Futurz

Admin

DIN Process Simplified - MCA Circular Dated 04.03.2011

The procedure for obtaining the DIN U/S 266B of Companies Act 1956 has been simplified. 

The same can be found under the Official Circular Notice by MCA.

CS Futurz 

Admin