Dear friends As 2012 has come to an end, let me wish you and your family all the best for the New Year. I hope that 2013 brings you good health, wealth, prosperity and great happiness. Leaders and Organizations continue to face challenges while trying to keep pace with the highly competitive global business environment, …
A landmark judgment was passed on 31st August 2012 by the Supreme Court of India, in Sahara India Real Estate Corporation Ltd. and others v. Securities and Exchange Board of India and another [2012] 174 Comp Cas 154 (SC) wherein the two companies of the Sahara Group, Sahara India Real Estate Corporation Limited (SIRECL) and …
Sahara India Real Estate Corporation Limited & Others Vs. SEBI. Read More »
[Decided on 16/10/2012] Consumer Protection Act – Section 13 – banking service -overdraft account – withdrawal of amounts through forged cheques – whether complaint maintainable – Held, No. Brief facts Complainants opened Current Account with the opposite party and the said account was operated by Naresh Jain and Abdul Wahid Abdul Gafoor Khatri. On scrutiny …
Citimake Builders PVT LTD V.Samata Sahakari Bank LTD[NCDRC] Read More »
Purpose: An act to prevent the improper use of certain emblems and names for professional and commercial purposes. Background: There are number of instances that come to light in India and abroad on the use of Indian National Flag and emblem and of the names or pictorial representation of Mahatma Gandhi and other national …
The Emblems and Names (Prevention of Improper Use) Act, 1950 Read More »
The much awaited Companies Bill, 2012 (Bill) was passed by the Lok Sabha on 18th December 2012, replacing the 56-year old Companies Act, 1956. The Bill seeks to consolidate and amend the laws relating to the Companies and intends to improve corporate governance and to further strengthen regulations for corporates. The new law is a …
Clarification on Clause 36 of the Equity Listing Agreement: Securities and Exchange Board of India (hereinafter referred to as “SEBI”) has vide Circular No. CIR/CFD/DIL/2/2013 dated January 3, 2013 has informed that certain listed companies have been giving monthly disclosure of their sales/turnover/production figures to their respective trade bodies/industry associations and the same is not …
Definition of ‘Infrastructure Loan’ of NBFCs – Harmonisation The Reserve Bank of India (hereinafter referred to as “RBI”) has vide Circular No. DNBS.PD.CC.No. 317/03.10.001/2012-13 dated 28th December, 2012 amended the definition of Infrastructure Loan for the for the purpose of NBFC Prudential Norms Directions, 2007, to read as follows: Infrastructure loan means a credit facility …
Word: “Arraignment” Meaning: To call a defendant before a court to answer to an indictment. Example:Arraigned on that indictment within two months of the court of appeal’s order. Pronounciation:ar+raign+ment Word: “Indictment” Meaning: a formal written statement framed by a prosecuting authority and found by a jury (as a grand jury) charging a person with an …
S. No Activities Sections /Rules /Clauses,etc. Acts / Regulations, etc. Compliance Due Date 1 Compliance Certificate on Corporate Governance Clause 49 Listing Agreement 15thJanuary,2013 2 Shareholding Pattern Clause 35 Listing Agreement 21stJanuary,2013 3 Submission of Reconciliation of Share Capital Audit (Formerly Known as Secretarial Audit Report) Regulation 55A SEBI (Depositories & Participants) Regulations, 1996 …
LABOUR & OTHER COMPLIANCE’S FOR THE MONTH OF JANUARY 2013 S. No Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5thJanuary,2013 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5thJanuary,2013 3 Monthly return for production and removal of …
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