Month: July 2011

Legal Jargons

Word : Exparte Meaning: Word  exparte is derived from Latin word meaning “for one party,” referring to motions, hearings or orders granted on the request of and for the benefit of one party only. This is an exception to the basic rule of court procedure that both parties must be present at any argument before …

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Consumer Protection Act 1986 ( “CPA”) In India

[vc_row][vc_column][vc_column_text]The Consumer Protection Act, 1986 was enacted for better protection of the interests of consumers. The provisions of the Act came into force with effect from 15th April, 1987. Consumer Protection Act imposes strict liability on a manufacturer, in case of supply of defective goods by him, and a service provider, in case of deficiency in …

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Role of a Company Secretary in finalization of Accounts of a Company

There is a pondering question in all of our minds that whether a Company Secretary can be held liable for wrong entries in the books of accounts or falsification of accounts of the company in discharge of his statutory duties or not ? By looking into various sections, judgments and Case Laws, I am of the …

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Partners Column

“Imagination is the beginning of creation. You imagine what you desire, you will what you imagine and at last you create what you will.” George Bernard Shaw. Dear Professionals, I take this opportunity to apprise you about the plans, recent developments and the achievements at R & A. The Vision of R & A is to be …

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Listed below are the Compliances for the period 25th May to 25th June

  S. No. Compliance Form to be filed Relevant Law Due date 1. Excise Duty payment GAR 7 Central Excise Rules, 2002, 5th July 2. Payment of service tax collected to the department GAR 7 Service Tax Rules, 1994 5th July 3. Quarterly Return Form XXVII AP Shops and Establishments Rules 1990 10th July 4. …

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For Listed companies for the quarter ended on 30th June, 2011

  S. No. Activities Sections /Rules /Clauses,etc. Acts / Regulations, etc. Compliance Due Date 1. Compliance Certificate on Corporate Governance Governance Clause 49 Listing Agreement 15th July 2. Shareholding Pattern Clause 35 Listing Agreement 21stJuly 3. Intimation for holding of Board Meet-ing for taking on record the un-audited financial results for the quarter ended. Clause …

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Disposing of Pending Forms with Registrar of Companies

MCA vide  Circular No. 40/2011 dated 23rd June, 2011 has advised to all the ROCs to review all the pending forms which were filed prior to 15th February, 2009. The pending forms have been placed in the category “Held in abeyance”(HIAB) and the ROCs have been asked to dispose all such forms by 7th July, 2011. Hence, MCA has requested to …

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Green Initiative – Issue of Certificates by Digital Signature

MCA vide its circular No. 29/2011 had taken another step towards “Green Initiative” in Corporate Governance by notifying that all certificates and standard letters will be issued electronically under the Digital Signature of the Registrar of Companies. In this regard, 13 (Thirteen) certificates have already been developed and implemented by the Ministry as per Circular No. 39/2011 dated 21st June, 2011. …

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Clarification on proper Corporate Governance and Compliance of provisions of Companies Act, 1956

Ministry of Corporate Affairs vide General Circular  No. 38/2011  dated  20th June, 2011 has clarified about  Circular No. 33/2011 dated 1st June, 2011, wherein it was informed that no request, whether oral, or in writing or through e-forms, for recording any event based information/changes filed to the Registrar of Companies (ROC) will be accepted from defaulting companies, unless they file their updated …

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