FII Investment in Government debt long term and corporate debt long term infra category: The Reserve Bank of India (RBI), vide its circular dated June 25, 2012 decided to enhance the existing limit for investment by SEBI registered Foreign Institutional Investors (FIIs) in Government debt by a further amount of USD 5 billion taking the …
Filing of Cost Audit Report (Form‐I) and Compliance Report (Form‐A) in (XBRL) mode : In continuation of MCA’s General Circular No. 8/2012 dated 10th May, 2012, it has been decided vide General Circular No. 8/2012 dated 29th June, 2012 that filing of Cost Audit Reports and Compliance Reports with the Central Government in the XBRL mode …
[vc_row][vc_column][vc_column_text]Meaning of Depository: The word ‘depositary’ is defined as “the party of the institution (eg bank or trust company) receiving a deposit. One with whom anything is lodged in trust, as ‘depository’ is the place where it is put. The obligation upon the depositary is that he keeps the thing with reasonable care and upon …
Master Circular on Foreign Investment in India : RBI has compiled and issued the Master Circular on Foreign Investment vide its notification RBI/2012-13/15 Master Circular No. 15/2012-13 dated 2nd July, 2012. This Master Circular also covers the area of ‘Investment in capital of partnership firms or proprietary concern’. This Master Circular is being issued with …
Avnish Bajaj v. State & anr; Ebay India Pvt. Ltd v. State & Anr decided by Supreme Court on 27th April, 2012. Brief Facts: The main issue involved in this batch of appeal is whether Directors of a Company alone can be prosecuted without making the Company as one of the accused. However, the Supreme …
Aneeta Hada Vs. M/s. Godfather Travels & Tours Pvt Ltd Read More »
[vc_row][vc_column][vc_column_text]Introduction: Compliances are a set of rules and requirements dictated by legislation that are compulsory to adhere to. Ignorance of the law is not an excuse. Failure to adhere to legislation can become a costly exercise that can normally be avoided. The responsibility for compliance of the regulations under various statutes is with the directors, …
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