Month: March 2011

General Exemption Under Sections

General Exemption Under Section 212 of the Companies Act, 1956: Ministry of Corporate Affairs vide General Circular No.2/2011 dated 8th February, 2011 has granted a General Exemption under Section 212 (8) of the Companies Act, 1956 from attaching the Balance Sheet, Profit & Loss Accounts etc., of each of its subsidiary Companies to the Balance Sheet of Holding Companies on certain …

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Listing Agreement for Securitized Debt Instruments

SEBI has notified the Securities and Exchange Board of India (Public offer and Listing of Securitised Debt Instruments) Regulations, 2008. The regulations provide for a framework for issuance and listing of securitized debt instruments by a special purpose distinct entity(SPDE) and has issued the Listing Agreement for Securitized Debt Instruments shall come into force with immediate effect. Listing of securitized …

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Banned Independent Directors

SEBI passed an Order dated March 11, 2011 in the matter of Pyramid Saimira Theatre Ltd. (PSTL) restraining Mr. K. S. Kasiraman, Mr. K. Natarahjan and Mr. G. Ramakrishnan from being an independent director or a member of audit committee of any listed company for a period of two years from March 11, 2011  for inflating its profits and revenues by …

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SITARAM SINGH CONSTRUCTION P.LTD. V. UNION OF INDIA [2010]

1. Restoration of the name of Company in case of omission under Section 560(3) by the Registrar of Companies. SITARAM SINGH CONSTRUCTION P.LTD. V. UNION OF INDIA [2010] Decided on  – 11-12-2009 Under Section 560 of the Companies Act, 1956, the Register of Companies cannot strike out the name of the Company unless the publication of notice …

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