Dear friends Elections We are in the midst of world’s biggest poll battle, the general elections in India, voting is being held in nine stages from Apr 7th to May 12th and results are expected on May 16th . More than 814 million people are eligible to vote in this election which is a huge …
CIVIL APPEAL NO. 6041 OF 2013 Appellant Securities and Exchange Board of India Respondent Mb. Akshya Infrastructure Pvt. Ltd. Appeal was directed against the judgment and final order of Securities Appellate Tribunal, Mumbai (SAT) dated 19th June, 2013. The fundamental issue which arose in this appeal was whether an open offer voluntarily made through a …
Securities and Exchange Board of India Vs. Mb. Akshya Infrastructure Pvt. Ltd. Read More »
Word : Non est factum Origin: Latin Meaning: not my act. This is a denial by a person that they were actually involved in some action or dealings. In a contract, it can occur if a party denies that they signed the contract – that someone else forged their signature. Word : Sunset clause Origin: …
Ministry of Corporate Affairs is notifying the Act and the Rules with lightning speed. After notification of majority of sections and rules, these have caught the professional and corporate sector in a whirlwind. We have tried to give below a background of important provisions of Companies Act, 2013 pertaining to meetings of Boards and Auditors. …
Overview of the provisions relating to Board & Auditors Under Companies Act, 2013 Read More »
S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 7th May, 2014 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 7th May, 2014 3 Monthly return for production and removal of goods and other relevant particulars and CENVAT …
It is that time of the year, which comes once in every five years, where every political party in India is seen competing with each other to woo the public for votes. The amount of money spent on canvassing by each political party is undoubtedly huge. There are many sources from where the political parties …
Political Contributions in India – Prohibitions & Restrictions Read More »
We all are aware that a Company being an artificial person does not have a physical presence. Therefore, it acts through its Board of Directors for carrying out its activities and for entering into various agreements. The Company uses Common Seal as its Signature. Here, comes the role of “Common Seal”. Definition of Common Seal: …
Availability of e-forms/non-eforms under the Companies Act, 2013. MCA has issued circular no.09/2014 dated on 25th April, 2014 notifying the availability of 46 new e-forms including 3 general e-forms with effect from 28th April, 2014. The 3 general e-forms will be used for filing 17 forms which are not available as e-forms as on date …
Corporate Governance in listed entities – Amendments to Clauses 35B and 49 of the Equity Listing Agreement. Securities Exchange Board of India vide Circular No. CIR/CFD/POLICY CELL/2/2014, dated April 17, 2014 has amended clause 35B and 49 of Listing agreement in order to align with the provisions of the Companies Act, 2013, adopt best practices …
Foreign Direct Investment (FDI) in India – Reporting mechanism for transfer of equity shares/ fully and mandatorily convertible preference shares/ fully and mandatorily convertible debentures As per Reserve Bank of India’s circular dated September 6, 2013, a non-resident (NR) [including a Non Resident Indian (NRI)], who has acquired and continues to hold control in an …
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