FII/QFI investments in Commercial Papers SEBI circular CIR/IMD/FIIC/6/2013 dated April 01, 2013, SEBI had permitted FIIs and QFIs to invest upto US$ 3.5 billion in Commercial Papers within the Corporate Debt limit of US$ 51 billion. Pursuant to the RBI circular reducing the existing sub-limit for FII/QFI investment in Commercial Papers from USD 3.5 billion …
External Commercial Borrowings (ECB) – Reporting arrangements The Reserve Bank of India has issued the circular no. A.P.(DIR Series) Circular No. 105 dated 17th February, 2014 modifying the ECB 2 –Return to Capture the details of the financial hedges contracted by corporates, of their foreign currency exposure relating to ECB and their foreign currency earnings …
Notification relating to amendments of Schedule VII of Companies Act, 2013 The Ministry of Corporate Affairs (“MCA”) has issued notification dated 27th February, 2014 amending the Scheduled VII of Companies Act, 2013 by substituting the following items for item (i) to (x) : eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and …
Co. Pet. No. 214/2012 Companies Act, 1956- sections 433 & 434 Petitioner(s) L & T FINANCE LTD…. V/S Respondent(s) NISSAN COPPER LTD…. Brief Facts: The Respondent Company availed loan facility to the tune of Rs 3 crore. The respondent Company did not made any payment to the Petitioner Company nor gave any response to the …
C/AO/225/2012 Decided on : 05/12/2013 Sections 10 and 293(a) of the Companies Act, 1956 read with section 9 of the Code of Civil Procedure, 1908- Appellant PATEL ISHWARBHAI BECHARDAS & 8….(s) Versus Respondent(s) ADD-LIFE PHARMA LTD THROUGH DIRECTOR CHANDRAKANT & 2…. Brief facts: Defendant Company selling land without following the provisions of section 293(a) -shareholders …
Patel Ishwarbhai Bechardas V Add-Life Pharma Ltd[Guj] Read More »
Word: “Docket” Origin: British Meaning:a list of cases in court for trial or the names of the parties who have cases pending. Example: The judge had to postpone some of the cases on the docket. Word: “Hearsay” Origin: Latin Meaning: Unverified information heard or received from another; rumor. Example: I pay no attention to hearsay.
LABOUR & OTHER COMPLIANCE’S FOR THE MONTH OF MARCH, 2014 S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th March, 2014 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5thMarch, 2014 3 Monthly return for production and …
Dear Friends, Several reorganisations have taken place in the Corporate and Political scenarios during the month of February, 2014. Amongst all, the predominant one was the passing of the long awaited Telangana Bill in the Parliament against the backdrop of protest and unruly behaviour of the MPs who were against the division of Andhra Pradesh. …
The quality of corporate governance among listed companies in France has improved and even accelerated in recent years. Standards are now at the highest international levels. In particular, they meet or exceed those recommended by the OECD, which together with the European Commission leads development in this area. This code has established priorities concerning the …
The France model of corporate governance- Board Functionality Read More »
In the earlier issue we have discussed on section 41 of the Companies Act, 1956 which deals with the definition of Member and in the present issue we shall proceed with Section 46 of the Companies Act, 1956 which deals with Contracts and deeds, investments, seal, etc and also with section 47 which deals with …
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