CA Circle India

Many practitioners interpreted the Companies (Audit and Auditors) Rules, 2014 to mean that ADT-1 was not strictly required for the first auditor, since Rule 4(2) referred only to Section 139(1) (appointment after AGM) and not Section 139(6) (first auditor appointment by Board).

In a major relief to businesses navigating insolvency proceedings, the Ministry of Corporate Affairs (MCA) has recently issued crucial clarifications on exemptions under Section 14(1) of the Insolvency and Bankruptcy Code (IBC). These clarifications are significant as they provide clearer guidance to corporate debtors about specific transactions and processes that are not halted by the moratorium, thus enhancing the predictability and efficiency of insolvency proceedings.

With the launch of the MCA21 V3 portal on July 14, 2025, the Ministry of Corporate Affairs (MCA) is rolling out 38 revamped e-forms, including 13 annual filing forms and 6 audit/cost audit forms. This migration is not only digitizes and streamlines the compliance process but also introduces new and modified information requirements across key ROC forms

Liability of Independent Non-Executive Directors in Cheque Bouncing Cases: Legal Perspectives and Judicial Precedents

The main aim of Producer organization is to ensure better income for the producers through Farmer Producer Organization an organization...