[vc_row][vc_column][vc_column_text]1 CLB cannot order to defer the holding of Extra-Ordinary General Meeting on the requisition made by a shareholder (Company – IFCI) on the ground that specific authorization/board resolution is not enclosed to file such requisition by the Company Secretary Case Law : IFCI LTD v. TFCI LTD [DELHI HIGH COURT] …
Word : Ceteris Paribus Meaning: Ceteris Paribus is derived from a Latin word which basically means “all other things being equal” or “with other things the same,” It is an example of an ablative absolute and is commonly rendered in English as “all other things being equal.” A prediction, or a statement about causal or logical …
us analyse it. Two things which have to be first answered are:- 1. Does the Companies Act, 1956 allow storage of Registers in the Electronic format? 2. Does the Companies Act, 1956 allow Maintenance of Registers at the place other than the Registered Office of the Company? Primarily we need to first examine the provisions of the …
Can Storage of Registers be in Electronic format, A big Dilemma! Read More »
Under the Companies Act, 1956, a company is required to maintain certain registers and records. There are some other registers and records, the maintenance of which is not statutorily required but is essential for the smooth, efficient and systematic functioning of the company. Some of the registers and records are required to be kept open by a …
Maintenance Of Registers And Records Under Companies Act, 1956 Read More »
Now we move on to the Information Technology Act, 2000. This act permits the maintenance of registers and records in electronic mode. Such registers and records should be maintained in accordance with the provisions of the said Act. The Information Technology Act, 2000 (the IT Act) was passed interalia to provide for electronic governance. Section 3 of …
Now we move on to the questions of admission of electronic records and transmissions in the law of evidence. Law presumes paper-based documents as proof of transactions. Difficulties arise when records are kept in the electronic forms. Law of Evidence has to ensure that electronic transmissions and electronic records will have the same value as paper based …
MCA had mandated certain class of companies to file Balance Sheet and Profit & Loss Account along with Director’s Report and Auditor’s Report for the Financial Year 2010 – 2011 by using XBRL Taxonomy. MCA has prepared and hosted the Taxanomy Business Rules, Validity tools etc., required for the preparation of the above documents in XBLR format on the website of the ministry …
Filing of Annual Accounts in eXtensible Business Reporting Language (XBRL) mode Read More »
MCA has come back with another opportunity for fast track exit (FTE)by a defunct company by issuing new guidelines for Fast Track Exit (FTE) vide General Circular No. 36/2011 dated 7th June, 2011. The conditions under which a company will be called as “defunct company” for the purpose of these guidelines has been specified. Also, those Companies …
Guidelines for Fast Track Exit mode for defunct companies Read More »
In this column I wish to explain something about Neuroplasticity. Though this is related to science, the editors interest is to strengthen the Luminosity of an individual. Well, Luminosity means the quality of being intellectually brilliant, enlightened, inspired, etc. I hope every one would have a dream that they are sharp at every aspect to create visibility for …
Legal Metrology means that part of metrology which treats units of weighment and measurement, methods of weighment and measurement and weighing and measuring instruments, in relation to the mandatory technical and legal requirements which have the object of ensuring public guarantee from the point of view of security and accuracy of the weighments and measurements. The Central …
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