IPA Educational Society has conferred Mrs. Rashida Adenwala with honorable ‘IPA Proficiency Award’. The jury consisted of the Vice-chairman of ICAI (Hydbad Branch), Chairman of Institute of Cost Accountants of India (Hydbad Branch), Chairman ICSI (Hydbad Branch), President Twin Cities Tax Practitioners Assn, HOD, Dept of Commerce, Osmania University, Vice President A.P. Tax Bar Association. …
A. Purpose The Corporate Governance Code of Denmark, hereinafter called the ‘Code’ is commissioned to monitor Corporate Governance developments at national and international level, as well as to strive for continuity in Corporate Governance work in Denmark: to support value creation, accountable management and to contribute to the long-term success of companies. to ensure timely …
For larger participation of new category of overseas investor i.e. Qualified Foreign Investors (“QFIs“) to invest in Indian Secondary Market, both Securities and Exchange Board of India (“SEBI”) and Reserve Bank of India (“RBI”) has issued guidelines allowing overseas individual investors to invest up to $51 billion in corporate bonds and debt schemes of mutual …
Investment By Qualified Foreign Investor In Corporate Bonds Read More »
Company Law Board (CLB), Mumbai Bench, rejected rectification of Register of Members pursuant to Section 111(4) & 111 A of the Companies Act, 1956 (now Section 58 & 59 of the Companies Act, 2013). (Re: M/s Badve Engineering Limited in CP No 19 of 2013) Background: The Board of Directors of M/s Badve Engineering Limited …
Wrong filing of Form 2 (now PAS 3) cannot be treated as mere clerical mistake Read More »
Section 177 of the Companies Act, 2013 (“the Act”) read with Rule 6 and 7 of Companies (Meetings of Board and its Powers) Rules, 2014 (“the Rules”) deals with Audit Committee. The requirements relating to audit committee was first introduced by the Companies (Amendment) Act, 2000. Audit committees are a measure of ensuring self discipline, …
An Insight On Audit Committee Under Companies Act, 2013 Read More »
Slowly and steadily the Indian economy is now stabilising and showing a positive sign of inclining upwards on the graphic curve. The various new initiatives by the government to give a boost to the Indian Industry are beginning to make an impact. The “Make in India” initiative is a major new national program designed to …
1. Extension of time for holding Annual General Meeting (AGM) under section 96(1) of the Companies Act, 2013-Companies registered in State of Jammu and Kashmir. Ministry of Corporate Affairs (“MCA”) vide circular 45/2014 dated 18th November, 2014 granted the extension of Annual General Meeting (“AGM”) time up to 31st December, 2014 to those Companies registered …
1. Routing of funds raised abroad to India Reserve Bank of India (“RBI”) has vide Circular No. 41 dated 25th November, 2014 clarified that Indian companies or their AD Category – I banks are not allowed to issue any direct or indirect guarantee or create any contingent liability or offer any security in any form …
1. Conditions for issuance of Offshore Derivative Instruments under SEBI (Foreign Portfolio Investor) regulations, 2014 Securities Exchange Board of India (“SEBI”) has issued the circular CIR/IMD/FIIC/ 20 /2014 dated 24th November, 2014 with respect to alignment of applicable eligibility and investment norms between Foreign Portfolio Investor (FPI) regime and subscription through the Offshore Derivative Instruments …
S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th December, 2014 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th December, 2014 3 Monthly return for production and removal of goods and other relevant particulars and CENVAT …
LABOUR LAW & OTHER COMPLIANCE’S FOR THE MONTH OF DECEMBER, 2014 Read More »
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