1. Formats for disclosure under Regulation 30 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011(Regulations). The format for the reports/disclosures to be filed under regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 has been revised. The revised format is available in the circular. 2. Information regarding Grievance …
1. External Commercial Borrowings (ECB) in Indian Rupees RBI has with a view to provide greater flexibility for structuring of ECB arrangements announced vide its circular RBI/2014-15/207 A.P. (DIR Series) Circular No.25 dated September 3, 2014, that recognised non-resident ECB lenders may extend loans in Indian Rupees subject to the following conditions: The lender should …
1. Amendment to Schedule II of Companies Act, 2013 In exercise of the powers conferred by sub-section (l) of section 46:- of the Companies Act, 2013 (18 of 2013), the Central Government has made further amendments to amend schedule II of the said Act with effect from the date of publication of this notification in …
A. Purpose and scope of the guidelines: The purpose of the guideline is to communicate Office of the Superintendent of Financial Institutions (OSFI’s) – ‘Canada’ expectations with respect to corporate governance of federally-regulated financial institutions (FRFIs). It applies to all FRFIs other than the branch operations of foreign banks and foreign insurance companies. The guideline …
Corporate Governance Codes and Principles – “Canada” Read More »
Offence: As per section 3(38) of General Clauses Act, 1897 “Offence” shall mean any act or omission made punishable by any law for the time being in force. Compounding of offence: In today’s Corporate world, good governance means to comply with all the provisions of Corporate laws. Non compliance will result in penalties or penalties …
Compounding Of Offences – Section 441 Of Companies Act, 2013 Read More »
Word: Testify Origin: Latin Meaning: To give evidence under oath as a witness in a court proceeding. Example: Three witnesses were called/summoned to testify at the trial. Word: Uberrima fides Origin: Latin Meaning: utmost good faith Example: The concept that a party to certain types of contract must act in Uberrima fides and declare …
The companies Act, 2013 has come into effect from 01.04.2014 and replaces a nearly six decade-old legislation and overhauls the way corporate functions and are regulated in the country. The note here under gives overview of the provisions of Audit and Auditor covered under Chapter X of Companies Act, 2013. 1). Appointment of first auditor …
Dividend Sl.No. Particulars As per Companies Act, 2013 As per Companies Act, 1956 1 Title 123 – Declaration of Dividend 205 – Dividend to be paid only out of profits 205A (3) – Unpaid dividend to be transferred to special dividend account 206 – Dividend not to be paid except to registered shareholders or to …
Dear friends Beloved Narendra Modi, our Prime Minister delivered sterling speech on Independence Day celebrations from Red Fort which has ceased of the challenges of Bharat, set the direction for his Government and also reiterates the responsibility of each one of us, the citizens of India. I am overwhelmingly impressed by few ideas and initiatives, …
S.No. Compliance Forms to be Filed Relevant Law Due Date 1. Excise Duty payment GAR 7 Central Excise Rules, 2002 5th September 2014 2. Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th September, 2014 3. Monthly return for production and removal of goods and other relevant particulars and CENVAT …
LABOUR LAW COMPLIANCE’S FOR THE MONTH OF SEPTEMBER, 2014 Read More »
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