Month: July 2013

Angel Investor

[vc_row][vc_column][vc_column_text]INTRODUCTION In this developing era, development is not cynical but institutionalizing the path for development is arduous, climbing only the first stair is cumbersome because the other stairs will automatically show its way. As an already running company does not have much difficulty to touch the sky of pinnacle but laying down the foundation for …

Angel Investor Read More »

Legal Jargon

Word : Ad infinitum Meaning : Again and again in the same way; forever Example:The sequence 1, 2, 3, … continues ad infinitum. Prononciation: Ad in-fi-ni-tum Word: unequivocal: Meaning:Admitting of no doubt or misunderstanding; clear and unambiguous. Example:Unequivocal undertaking to relate to the ultimate goal of nuclear disarmament. Prononciation: un-e-quiv-o-cal

Lets Analyze

In the earlier issue we have discussed about Section 10 of the Companies Act and in the present issue also we shall proceed with the same section which deals with the Jurisdiction of Courts. Query # 1 In case of offense punishable under section 113 of the Companies Act, 1956, whether cause of action would …

Lets Analyze Read More »

VOV COSMETICS PVT LTD & ORS V/s UNION OF INDIA & ORS [BOM]

Writ Petition No: 2519 of 2012 Decided on: 05/04/2013 Companies Act, 1956 – Section 20 and 22 – incorporation of companies with identical names – later company directed to change its name merely on the ground that names are identical – whether tenable- Held, No. Brief Facts: Petitioner Company: VOV Cosmetics Pvt Ltd, incorporated on …

VOV COSMETICS PVT LTD & ORS V/s UNION OF INDIA & ORS [BOM] Read More »

Compliance Calendar for Listed Companies for the quarter ended on 30th June, 2013

S.No Activities Clause/ Regulation No. Agreement/ Regulation etc. Compliance Due Date 1. Compliance Certificate on Corporate Governance Clause 49(VI)(ii) Listing Agreement 15th  July 2. Shareholding Pattern Clause 35 Listing Agreement 21st July 3. Intimation for holding of Board Meeting for considering the unaudited quarterly financial results . Clause 41(III)(a) Listing Agreement 9 (Nine) days in …

Compliance Calendar for Listed Companies for the quarter ended on 30th June, 2013 Read More »

Partners column

Dear all, The monsoon season has begun with extreme rainfall that triggered devastating floods and landslides in Uttarakhand. This has taken away thousands of innocent lives and washed away properties rendering people homeless and destitute. Paying tribute to the lost lives due to this calamity let us pray to Almighty to give strength and courage …

Partners column Read More »

The Securities Contract (Regulation) Act, 1956

[vc_row][vc_column][vc_column_text]Introduction: The Securities Contracts (Regulation) Act, 1956 “Act” was enacted in order to prevent undesirable transactions in securities and to regulate the working of stock exchanges in the country. The provision of the Act came into force with effect from 20th February, 1957 vide Notification No. SRO 528 dated 16th February, 1957. Definitions: Stock exchange …

The Securities Contract (Regulation) Act, 1956 Read More »

RESERVE BANK OF INDIA (RBI)

Master Circular on Foreign Investment in India RBI has vide its circular : RBI/2013-14/15 Master Circular No.15 /2013-14 dated 1st July, 2013 released the Master circular on Foreign Investment in India. The regulatory framework and instructions issued by the Reserve Bank have been compiled in this Master Circular. The Master Circular also covers the area …

RESERVE BANK OF INDIA (RBI) Read More »

SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)

Clarification on SEBI’s Circular dated August 13, 2012 providing for the “Manner of Dealing with Audit Reports filed by Listed Companies.” SEBI has vide circular no. CIR/CFD/DIL/9/2013 dated June 5, 2013, given clarification with regard to restatement of books of accounts of listed companies. The main concern raised is whether the restatement of books of …

SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) Read More »