MCA Notifications 2016

List of Notifications issued by the Ministry of Corporate Affairs (MCA) during 2016, for making amendments in provisions of Companies Act, Companies Rules, etc., along with pdf copy download link.

MCA Notifications 2016 (No./ Date/ Particulars)
Notification dt. 17 Nov. 2016MCA clarifies that relevant Ind AS shall apply for computation of amortisation amount over the useful life of intangible assets. However, where a company is not required to comply with the Ind AS Rules, then relevant Accounting Standards under Companies (Accounting Standards) Rules shall apply.
Notification dt. 3 Oct. 2016: MCA has notified/ re-constituted the ‘National Advisory Committee on Accounting Standards (NACA)’, consisting of 13 Members, to advise the Central Government on the formulation of accounting policies/ standards by companies.
Notification dt. 23 Sept. 2016MCA notifies the ‘Companies (Management and Administration) Amendment Rules, 2016’ applicable w.e.f. 23rd Sept. 2016 and has amended Form MGT-6.
Notification dt. 12 Sept. 2016MCA notifies certain amendments in Schedule V on provisions pertaining to Appointment and Remuneration of Managerial Persons under the Companies Act, 2013.
Notification dt. 27 July 2016MCA notifies the Companies (Accounts) Amendment Rules, 2016.
Notification dt. 19 July, 2016: MCA notifies the Companies (Share Capital and Debentures) Third Amendment Rules, 2016 to carry out amendments in provisions relating to issue of equity shares with differential rights, issue of sweat equity by Start-ups, incorporation of company by start-ups, etc..
Notification dt 30 June 2016: MCA notifies the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016.
Notification dt. 6 April, 2016MCA amends Schedule III to the Companies Act, 2013. Instructions revised for preparation of financial statements (i.e. Balance Sheet, P&L A/c, Notes to Accounts, etc.) by the entities under Ind AS Rules.
Notification dt. 4th April, 2016MCA amends XBRL Rules and adds Housing Finance Companies as exempted from XBRL Filing.
Notification dt 30 March 2016: MCA notifies the Companies Indian Accounting Standards (Ind AS) Amendment Rules, 2016, in consultation with NACAS.
Notification dt 30th March 2016MCA notifies the Companies (Accounting Standards) Amendment Rules, 2016, to omit AS 6 and to amend various other Accounting Standards.

For downloading various General Circulars/ Notifications/ Orders issued by MCA in different years, please refer the following links:
1. MCA General Circulars: 2020, 2019, 2018, 2017, 2016
2. MCA Notifications: 2020, 2019, 2018, 2017, 2016
3. MCA Orders: 2020, 2019, 2018, 2017, 2016, 2015
Note: For Official/ updated copy of relevant General Circulars/ Notifications/ Orders, please visit the MCA website.