Decided on 21/03/2013 Companies Act, 1956 – Sections 391 & 394 – compromise with creditor – court sanctioned the scheme and kept one creditor out of the scheme – whether correct – Held,Yes. Brief facts: The appellant is aggrieved by the finding returned by the learned Company Judge in its order dated 31.03.2006. The learned …
Lakshmiji Sugar Milss Company & Anr v. Union Of India & Ors [Del] Read More »
[Decided on 05/04/2013] Companies Act, 1956 Sections 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 and Respondent No.4 companies are incorporated with idendtical name with the words “VOV cosmetic”. …
Vov Cosmetics Pvt Ltd & Ors v. Union Of India & Ors [Bom] Read More »
The German Corporate Governance Code presents essential statutory regulations for the management and supervision (governance) of German listed companies and contains internationally and nationally recognized standards for good and responsible governance. The Code aims at making the German Corporate Governance system transparent and understandable. A dual board system is prescribed by law for German stock …
We discussed on Section 25 of the Companies Act, 1956 in the earlier issue and in the present issue we shall proceed with Sections 26 to 36 which deals with the Articles of Association. Query # 1 : Normally articles constitute a contract between members and the company, but whether the articles can also constitute …
Word: “Sine die” Origin: French Meaning: Without assigning a day for a further meeting or hearing Example: The meeting was adjourned sine die. Word: “Laissez faire” Origin: French Meaning: A policy of non-interference Example: “I think the government should hold up laissez fair in regards to bailout packages.”
S. No Activities Sections /Rules /Clauses, etc. Acts / Regulations, etc. Compliance Due Date 1 Compliance Certificate on Corporate Governance Clause 49 Listing Agreement 15thJanuary,2014 2 Shareholding Pattern Clause 35 Listing Agreement 21stJanuary,2014 3 Submission of Reconciliation of Share Capital Audit (Formerly Known as Secretarial Audit Report) Regulation 55A SEBI (Depositories & Participants) Regulations, 1996 …
Labour Law and & other compliance’s for the month of January, 2014 S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5thJanuary 2014 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th January 2014 3 Monthly return for …
Dear friends Wish you and your families and your businesses a very cheerful and prosperous year 2014 Am thrilled and amazed by the victory of AAP (Aam Admi Party) in Delhi elections and taking reins of Delhi government within one year forming a political party. It speaks volume and reinforces confidence in the Indian Democracy. …
Borrowing and Lending in Rupees – Investments by persons resident outside India in the tax free, secured, redeemable, non-convertible bonds: RBI had earlier imposed restrictions on persons resident in India who have borrowed in Rupees from a person resident outside India to the effect that such borrowed funds cannot be used for any investment, whether …
Rationalization of Periodic Call Auction for Illiquid Scrips SEBI had vide circular no CIR/MRD/DP/ 6/2013 dated February 14, 2013 issued guidelines for trading in the illiquid scripts through Periodic Call Auction session. After introduction of periodic call auction framework, representations had been received from market participants regarding the aforesaid circular. The issues raised by market …
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