Compounding of Contraventions under FEMA, 1999: RBI Vide Circular RBI/2011-12/298 A.P. (DIR Series) Circular No.57 dated 13th December, 2011 notified that as a measure of customer service and for operational convenience, powers have been delegated to the Regional Offices of the Reserve Bank of India to compound certain contraventions of FEMA 1999. The contraventions include: …
Offer For Sale of Shares by Promoters through the Stock Exchange Mechanism: SEBI has in order to facilitate promoters to dilute/offload their holding in listed companies in a transparent manner with wider participation, decided to allow the offer for sale of shares by promoters of such companies through a separate window provided by the stock …
Listed below are the Compliances for the month of January, 2012 S. No. Compliance Form to be filed Relevant Law Due date 1. Excise Duty payment GAR 7 Central Excise Rules, 2002, 5th January 2. Payment of service tax collected by the department GAR 7 Service Tax Rules, 1994 5th January 3. Half yearly Service …
Compliance Calendar for the month of January, 2012 Read More »
The Research and Development Cess Act, 1986 (as amended by The Research and Development Cess (Amendment) Act, 1995) The Research and Development Cess Act, 1986 is the main legislation which provides for the levy and collection of a cess on all payments made for the import of technology for the purpose of encouraging the commercial …
The Companies (Accounting Standards) (Second Amendment) Rules, 2011 : MCA vide notification G.S.R dated 29th December, 2011 has made amendments in Companies (Accounting Standards) Rules, 2006 which will be called the Companies (Accounting Standards) (Second Amendment) Rules, 2011. The Companies (Accounting Standards) Amendment Rules, 2011: MCA vide Notification G.S.R dated 29th December, 2011 has made …
Dear All, India Inc, in 2011 went from a high growth phase to the current slow down and from a heady stock market to a crumbling one. India Inc is grappling with myriad issues such as steep increase in interest rates, status quo on reform agenda, government’s indecisiveness due to increased media vigilance and overarch …
Word-Rescind Meaning: i) To Cancel a contractual agreement or ii) To make void Example: Rescinded the contract on the purchaser’s failure to comply with the notice to complete. Pronunciation: ri+si+nd Word- Appurtenances Meaning: a right, privilege, or property that is considered incident to the principal property for purposes such as passage of title, conveyance …
SOUTH AFRICAN BREWERIES INTERNATIONAL (FINANCE) BV & ANR v.MOHAN GOLDWATER BREWERIES LTD. & ANR [DEL] C.S(OS).No. 1073/2002- Section 142 of Trademark Act, 1999 Decided on : 31/10/2011 Here the plaintiffs “South African Breweries International (Finance) BV claimed registration of the trademark CASTLE and CASTLE label in respect of beer in a large number of countries. …
SURAJ LAMP & INDUSTRIES PVT LTD v. STATE OF HARYANA & ANR [SC] Special Leave Petition (C) No.13917 of 2009- Section 54 & 55 of Transfer of Property Act,1882 Decided on : 11/10/2011 Here the Supreme court has reiterated that any contract of sale (agreement to sell) which is not a registered deed of conveyance …
M/S. Dabur India Limited (Petitioner) vs. Vishwa Properties Private Limited (Respondent)., Decision by Delhi High Court, on 21st February, 2011 A scheme of Amalgamation was made between Balsara Hygiene Products Limited, Besta Cosmetic Limited, Balsara Home Products Limited (hereinafter collectively referred to as the transferor companies) and Dabur India Limited (hereinafter referred to as the …
Don’t miss our future updates! Get Subscribed Today!