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Dear All,

Kindly see the note below and check the links: 


MCA has issued General Circular No. 3/ 2015 dated 03.03.2015 and clarified on practical difficulty for filing DIR-12 in case of resignations filed for all directors in DIR-11 was leading to deactivation of DSC on request from the stakeholders the respective jurisdictional ROC to allow any one of the resigned director to perform authorization for DIR 12 who was an authorized signatory director for DIR-12

Please refer to the MCA Notification referred above at http://www.mca.gov.in/Ministry/pdf/General_Circular_03_2015.pdf

MCA has issued General Circular No. 4/2015 dated 10.03.2015 and clarified that loans and/or advances made by the companies to their employees, other than the managing or whole time directors (which is governed by section 185) are not governed by the requirements of section 186 of the Companies Act, 2013.

This clarification will, however, be applicable if such loans/advances to employees are in accordance with the conditions of service applicable to employees and are also in accordance with the remuneration policy, in cases where such policy is required to be formulated.

Please refer to the MCA Notification referred above at 
http://www.mca.gov.in/Ministry/pdf/Circular_04_10032015.pdf

MCA issued Companies (Acceptance of Deposits) Amendment Rules,2015

In exercise of the powers conferred by sections 73 and 76 read with sub-section (1) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Acceptance of Deposits) Rules,2014

The Amendment is related to the procedure to comply with if the company doesn’t return money received or allot within the specified period (01.06.2015) and also amending the FORM DPT-3 to that extent.


As you are aware, in exercise of the powers conferred by sub-section (2) of section 145 of the Income-tax Act, 1961, the CBDT has notified the Income Computation and Disclosure Standards. This notification has come into force with effect from 1st day of April, 2015.

The Direct Taxes Committee of the Institute Chartered Accountants of India had submitted its representations to CBDT.(Shared Via emial from Jimmmit)

Please refer to below link for Tax Accounting Standards Notified by CBDT. 


I am sharing the amendments shared from CA Durgesh Kabra.

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