Filing of Balance Sheet and Profit and Loss Account in extensible Business Reporting Language (XBRL) mode– In partial modification of Para 1 of MCA’s Circular no. 57/2011 dated 28.07.2011, the last date for filing financial statements in XBRL mode without any additional fee due to delay by those Phase-l class of companies (excluding exempted class) …
S. No. Compliance Form to be filed Relevant Law Due date 1. Excise Duty payment GAR 7 Central Excise Rules, 2002, 5th December 2. Payment of service tax collected to the department GAR 7 Service Tax Rules, 1994 5th December 3. Profession Tax Monthly Return Form V Andhra Pradesh Tax on Professions, Trades, Callings and …
Compliance Calendar for the month of December, 2011 Read More »
[vc_row][vc_column][vc_column_text]Need for Fast Track Exit Mode: There are a number of companies, which are registered under the Companies Act, 1956, but due to various reasons they are inoperative since incorporation or commenced business but became inoperative or defunct later on. Such companies may be desirous of getting their names struck off from the Register of …
Fast Track Exit mode for defunct companies under Section 560 of the Companies Act, 1956 Read More »
[vc_row][vc_column][vc_column_text]The retail industry in India is of late often being hailed as one of the sunrise sectors in the economy. AT Kearney, the well-known international management consultancy, recently identified India as the ‘second most attractive retail destination’ globally from among thirty emergent markets. It has made India the cause of a good deal of excitement …
BHILWARA DUGDH UTPADAK SAHAKARI S. LTD V VINOD KUMAR SHARMA (DEAD BY LRS) & ORS(SC) Civil Appeal No. 2585 of 2006 Markandey Katju & Chandramauli Kr. Prasad, J.J. Decided on 01/09/2011 This Appeal reveals the unfortunate state of affairs prevailing in the field of labour relations in our country. In order to avoid their liability under …
GUPTA REFRACTORIES V CONSOLIDATED STEELS & ALLOYS LTD (DEL) Co APP. 21/2009 Vikramajit Sen & Siddharth Mridul, JJ. The Learned Single judge while dealing with the aspect whether the plant and machinery in the factory premises of the Company in liquidation was movable or immovable property, came to the conclusion that heavy machinery, plant and …
M/s. Spice Communications Limited & ANR, Decision by Delhi High Court, on 4th July 2011 The Amalgamation of Spice Communications Limited (Spice) with Idea Cellular Limited (Idea) was allowed by Gujarat High Court on 26th November, 2009. Spice and Idea, the Petitioner Companies are the telecommunication companies which have been granted various Unified Access Services …
External Commercial Borrowings (ECB) Policy:RBI Vide its circular: RBI/2011 -12/273 A.P. (DIR Series) Circular No. 51 dated 23rd November, 2011 has notified that in lieu of the borrowers experiencing difficulties in raising ECBs within the existing all-in-cost ceiling in the global financial markets, it has been decided to revise the all-in-cost ceiling for ECB. The …
Increase in FII debt limit in Government & Corporate Debt Category: Government vide press release dated November 18, 2011 has decided to: a. Increase the current limit of FII investment in Government Securities by US $ 5 billion raising the cap to US $ 15 billion. The incremental limit of US $ 5 billion can …
Word: Ignorantia juris non excusat Meaning : “Ignorantia juris non excusat” is a Latin Legal term that means “Ignorance of the law is not an excuse.” This means that persons who violates the law cannot claim ignorance as an excuse for why they committed a crime. Pronunciation: Ignoran+tia+ Juris+ non+ excusat Word: alienation Meaning : …
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