Monday 1 September 2014

MCA has abolished concept of maximum useful life of asset; allows flexible life supported by technical advice.

Click here to read more.

http://corporatelaws.taxmann.com/topstories/104010000000042259/mca-abolished-concept-of-maximum-useful-life-of-asset-allows-flexible-life-supported-by-technical-advice.aspx

http://bit.ly/1tjdUhl

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MCA issues clarification on capitalization of borrowing cost of power plants on lines of AS-10 and AS-16.

http://corporatelaws.taxmann.com/topstories/104010000000042258/mca-issues-clarification-on-capitalization-of-borrowing-cost-of-power-plants-on-lines-of-as-10-and-as-16.aspx

http://t.co/uZBvEvGT7R"

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Govt. hikes minimum public shareholding limit from 10% to 25% for listed Public Sector Cos.

http://corporatelaws.taxmann.com/topstories/104010000000042240/govt-hikes-minimum-public-shareholding-limit-from-10-to-25-for-listed-public-sector-cos.aspx

http://t.co/EGc77GJajb"

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MCA General Information w.r.t availability and version of certain e-forms

The Ministry of Corporate Affairs has issued a General Notice dated 30th August, 2014 for all the stakeholders informing that the e-Form prescribed under the Company Law Settlement Scheme, 2014 Form CLSS-2014, shall be made available from 1st September, 2014. All such Companies covered under such scheme planning to avail the benefit of such scheme can file such form from the very particular effective date as mentioned above.

http://corporatelawreporter.com/2014/08/30/mca-general-information-wrt-availability-version-eforms/