Month: October 2012

Compliance Calendar as per Listing Agreement for the quarter & half year ended on 30th September, 2012

Sl.No Activities Sections /Rules /Clauses,etc. Acts / Regulations, etc. Compliance Due Date 1 Compliance Certificate on Corporate Governance Clause 49 Listing Agreement 15th October,,2012 2 Shareholding Pattern   Clause 35 Listing Agreement 21st October,2012 3 Compliance Certificate on Share Transfer Process (Half Yearly Compliance) Clause 47(c) Listing Agreement 31st October,2012 4 Submission of Reconciliation of …

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Partners Column

“Tough times never last, but tough people do” the title of the book by Robert H. Schuller, is so apt for all those corporates and business houses that have been able to sustain themselves in these very prolonged depressed economic markets. With the government of India, now pushing the pedal on perhaps the biggest economic …

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RESERVE BANK OF INDIA (RBI)

Foreign Direct Investment (FDI) in India – Allotment of Shares to person resident outside India under Memorandum of Association (MoA) of an Indian company – Pricing guidelines :RBI has vide its circular RBI/2012-13/223 A.P. (DIR Series) Circular No. 36 dated September 26, 2012 has intimated  that in cases, where non-residents (including NRIs) make investment in an …

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Ministry of Corporate Affairs

Filling Of Balance Sheet and profit and loss Account by Companies in Non-XBRL for the accounting year commencing on or after 01.04.2011 : In supersession to all the earlier circulars issued in this regard, the Ministry has now issued General_Circular_30/2012. dated 28.09.2012 as per which the due date of filing of e-forms 23AC(Non-XBRL) and 23ACA …

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The Societies Registration Act, 1860

Introduction The Societies Registration Act, 1860 (‘Act’) provided for the registration of literary, scientific and charitable societies. The object of this Act, as enunciated in its preamble, was to make provisions for improving the legal conditions of societies established for the promotion of literature, science or the fine art, or for the diffusion of useful …

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Legal Jargons

Word: Peremptory Meaning: Peremptory is a Latin word which means putting an end to all debate or action. Example: The officer issued peremptory commands Pronunciation: per+emp+to+ry Word: Deceit Meaning: concealment or distortion of the truth for the purpose of misleading. Example: Once she exposed their deceit, no one ever trusted them again. Pronounciation: dih+seet

Can a High Court dismiss the Appeal of the Appellant and commence contempt proceedings ?

Relevant Act : Industrial Disputes Act, 1947 Decided Case Law : Mohit Electronics & Workman Tahir Hussan (Del) Facts of the Case : The Labour Court directed the management for payment of wages to Workmen. Management appealed to High Court without complying the order of Labour Court. The Writ Petition filed by the appellant was …

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Can a Arbitrator order winding up of a company ?

Relevant Act : Companies Act, 1956. Decided Case Law : Haryana Telecom Ltd  Vs Sterlite Industries (India) Ltd. Case Decided by : Supreme Court Clarification : The Arbitrator can refer the matters relating to disputes for which he is empowered to  decide. An Arbitrator, not withstanding any agreement between the parties, would have no jurisdiction …

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