Western India Regional Council of
The Institute of Chartered Accountants of India

Law Update Details

November 2018 CA. Rahul Joglekar

MCA (www.mca.gov.in)

MCA notification No. GSR 925(E) Dated 25th September 2018 – Companies (Registered Valuers and Valuation) Third Amendment Rules, 2018

MCA has amended the Valuation Rules, whereby the time limit for compulsorily having the qualification of Registered Valuers has been extended from 30th September 2018 to 31st January 2019. For a complete text of this notification, please refer the link: http://www.mca.gov.in/Ministry/pdf/CompaniesThirdAmendment_25092018.pdf

MCA notification No. GSR 903(E) Dated 20th September 2018 - Companies (Indian Accounting Standards) Second Amendment Rules, 2018

MCA has amended the Companies Indian Accounting standards Rules 2015 Vide the above notification. Certain amendments have been made in IndAs 20 relating to Government Grants. Related consequential amendments in other accounting standards have also been made. For a complete text of this notification, please refer the link: http://www.mca.gov.in/Ministry/pdf/CompaniesIASsecondAmendment_21092018.pdf

MCA notification No GSR(E) Dated 11th October 2018 - Amendment to Schedule III of Companies Act 2013

MCA has amended Schedule III to the Companies Act which prescribes the format of financial statements for companies. The amendments have been made in case of companies following IndAS as per the eligibility criteria as well as companies required to follow the accounting standards as per Companies Accounting Standards Rules 2006. Further, Division III has been inserted in the said Schedule to prescribe the format of financial Statements for a NBFC whose financial statements are drawn up in compliance of the Companies (Indian Accounting Standards) Rules, 2015. For complete text of this notification, 

please refer the link: http://www.mca.gov.in/Ministry/pdf/NotificationScheduleIII_12102018.pdf

SEBI (www.sebi.gov.in)

SEBI Notification No.SEBI/LAD-NRO/GN/2018/31 dated 11th September 2018 - Securities And Exchange Board Of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018

SEBI has notified these regulations to be followed in case of IPOs or in case of further issue by any listed company including preferential issue, qualified institutions placement by a listed issuer, listing on the institutional trading platform through an issue or without an issue and bonus issue by a listed issuer. For a complete text of the notification please refer the link: https://www.sebi.gov.in/legal/regulations/sep-2018/securities-and-exchange-board-of-india-issue-of-capital-and-disclosure-requirements-regulations-2018-_40328.html


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