Month: October 2011

Compliance Calendar for Listed Companies for the Quarter ended on 30th September, 2011

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S. No. Activity Sections / Rules / Clauses., etc Act/ Regulations etc Compliance Due Date 1. Compliance Certificate on Corporate Governance Clause 49 Listing Agreement 15th October 2. Shareholding Pattern Clause 35 Listing Agreement 21st October 3. Intimation for holding of Board Meeting for taking on record the un-audited financial results for the Quarter ended …

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Companies (Cost Accounting Records) Rules, 2011

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[vc_row][vc_column][vc_column_text]Background: To enable development of relevant cost accounting methodologies and standards to increase the competitiveness of the Indian manufacturing sector, and to advise the Government on suitable measures for the same, a Group of Experts was constituted under the chairmanship of Shri B.B.Goyal, Cost Advisor. The Expert Group has reviewed the Cost Accounting Record Rules …

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Trade Marks Act, 1999 – Sections 12, 134, 159(5)

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Hindustan Unilever Limited   V. Ashique Chemicals &  ors decided on 08/08/2011 The plaintiff is a registered proprietor of the marks “SUN”, “SUNLIGHT” and “SUNSILK” under Class 3. The plaintiff seeks a perpetual injunction, restraining the defendant from using the mark “SUNPLUS” or the word “SUN” with any prefix or suffix or any other deceptively similar labels …

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Central Excise Act, 1944- For determining the value of goods for the purpose of excise duty, cost of packing the goods to be included

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ROYAL ENFIELD (UNIT OF M/S EICHER LTD) V COMMISSIONER OF CENTRAL EXCISE(SC) Civil Appeal No. 4406 of  2010 Decided on: 10/08/2011 The appellant Company (“ROYAL ENFIELD (UNIT OF M/S EICHER LTDROYAL ENFIELD (UNIT OF M/S EICHER LTD ”) engaged in the manufacture of motorcycles falling under Chapter 87 of the Central Excise Tariff Act, 1985. …

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Case Law on Companies Act – Section 205(C) regarding Unclaimed Deposits

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Case Law on Companies Act – Section 205(C) regarding Unclaimed Deposits – plaintiff wants refund – bank refuses to do so and suggests the amount to be claimed by the depositors – whether correct – held, no The Peerless General Finance & Investment Co. Ltd. v. UCO Bank [Cal] Decided on: 15/06/2011 The plaintiff,  a …

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MINISTRY OF CORPORATE AFFAIRS(MCA)

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Companies (Central Government’s) General Rules and Forms (Amendment) Rules, 2011: MCA Vide Notification G.S.R.(E) dated 23rd September 2011, amended form 5. Same shall come into force w.e.f 25th September 2011. Companies (Amendment) Regulations 2011: MCA Vide Notification   G.S.R.(E) dated 22nd September 2011, has informed that the Registrar shall not keep any document pending for approval …

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RESERVE BANK OF INDIA(RBI)

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Returns to be submitted by NBFCs – Revised Formats: RBI vide  its notification. RBI /2011-12/195DNBS(PD).CC. No.243/03.02.02/2011-12, dated 22nd September 2011, has revised the formats of Returns to be submitted by NBFCs. Foreign Investments in India – Transfer of security by way of gift –Liberalisation:  RBI vide its notification RBI/2011-12/175 A.P. (DIR Series) Circular No. 14, …

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