Month: July 2014

MINISTRY OF CORPORATE AFFAIRS (MCA)

Circulars: Clarification regarding filing of Form DPT4 under Companies Act, 2013: MCA has issued circular no.27/2014 dated June 30, 2014 granting extension of 2 months upto 31-08-2014 without any additional fee in terms of Section 403 of the Act to enable the companies for filing of statement under Form DPT-4 with the Registrar. Clarification with …

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Board Meeting Through Video Conferencing

Introduction The term video conferencing has become prevalent conference solution in the global business world today. Regardless of where you are, it allows you to have ‘face-to-face’ interaction with any one, any time and is cost-effective. Keeping in pace with the new technology, the Ministry of Corporate Affairs permitted companies to conduct Board Meetings through …

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Compliance Calendar as per the Listing Agreement for the quarter ended on 30th June, 2014.

S. No Activities Sections /Rules /Clauses, etc. Acts / Regulations, etc. Compliance Due Date 1. Compliance Certificate on Corporate Governance Clause 49 Listing Agreement 15th July, 2014 2. Shareholding Pattern Clause 35 Listing Agreement 21st July, 2014 3. Intimation for holding Board Meeting for considering the Audited/un-audited financial results for the Quarter ended on 30th …

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Registration of Charges – Comparison between Companies Act, 1956 and Companies Act, 2013

Comparative Statement: S.No Particulars Companies Act, 1956 Companies Act, 2013 1. Reference Section 124 to Section 145 of Companies Act, 1956 Section 77-87 of the Companies Act, 2013 read with the Companies (Registration of Charges) Rules, 2014 2. Definition Inclusive definition of Charge given in this Act as “Charge includes a Mortgage” Charge defined as …

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Legal Jargons

Word : Ultra posse nemo obligatur Origin : Latin. Meaning : One shall do what he can do to support the community. That means, nobody is obligated to do more than what he can do. Explanation : Everyone has his own level of ability to do a particular thing and one cannot expect that all …

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Foreign Company

Chapter – XXII – Companies Incorporated outside India read with Companies (Registration of Foreign Companies) Rules, 2014 Introduction: If a person desires to do business in India, he can enter India either by way of establishing a place of business in India or he can form an independent company in India. This note covers relevant …

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Rajasthan R.S.S & Ginning Mills Federation Ltd. v. Deputy Commissioner of Income Tax, Jaipur [SC]

CIVIL APPEAL NO. : 3880 of 2003 DECIDED ON : 29th April, 2014 RAJASTHAN R.S.S. & GINNING MILLS FED. LTD. …APPELLANT DY. COMMISSIONER OF INCOME TAX, JAIPUR. ….RESPONDENT MATTER : Income tax Act, 1961- Section 72- amalgamation of cooperative societies- whether carry forward of loss of the amalgamating societies is available to the amalgamated society- …

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INTERNATIONAL CORPORATE GOVERNANCE NETWORK (ICGN) – CORPORATE GOVERNANCE PRINCIPLES

The International Corporate Governance Network (ICGN), founded in 1995 at the instigation of major institutional investors, represents investors, companies, financial intermediaries, academics and other parties interested in the development of global corporate governance practices. One of its objectives is to facilitate international dialogue on issues of concern to investors. High standards of corporate governance, including …

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RESERVE BANK OF INDIA (RBI)

Financial Commitment (FC) by Indian Party under Overseas DirectInvestments (ODI) – Restoration of Limit The Reserve Bank of India (“RBI”) has issued a circular  A.P. (DIR Series) Circular No.1 dated July 3, 2014 restoring the limit of Overseas Direct Investments (ODI)/ Financial Commitment (FC) to be undertaken by an Indian Party under the automatic route …

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