Introduction: Section 134 of the Companies Act, 2013 casts a responsibility on the Board of Directors to prepare a report containing details as discussed below and this report needs to be annexed to the Financial Statements which are laid before the members in the annual general meeting. Companies Act, 2013 also contains provisions regarding revision …
Boards’ Report under Companies Act, 2013-Check List Read More »
Particulars Section 186 of Companies Act, 2013 (“the 2013 Act”) Section 372A of Companies Act, 1956 (“the 1956 Act”) Heading of Section Loan and Investment by Company Inter Corporate-Corporate Loans and Advances. Number of Sub-Section 13 9 Restriction on multi layered Investment A Company shall unless otherwise prescribed, make investment through not more than two …
Change in Conditions FPI investments in Govt Debt Securities SEBI has vide its circular CIR/IMD/FIIC/2/2015 dated 5th February, 2015 announced that investment of coupons in Government securities will be enabled even when the existing limits for FPIs are fully utilised. FPIs shall be permitted to invest in Government securities, the coupons received on their investments …
The Companies (Registration Offices and Fees) Amendment Rules 2015: In exercise of the powers conferred by Sections 396, 398, 399, 403 & 404 of the Companies Act, 2013, the central Govt has made the following rules on 24th February, 2015 to amend the Companies (Registration Offices & Fees) Rules, 2014. In Rule 10 the following …
Foreign Exchange Management Act, 1999 – Import of Goods into India As per the existing regulations, applications by persons, firms and companies for making payments, exceeding USD 5,000 or its equivalent towards imports into India must be made in Form A-1. Reserve Bank of India has vide its circular RBI/2014-15/467 A. P. (DIR Series) Circular …
Word: Uno flatu Origin: Latin word Meaning: The expression literally means “in one breath”. It is used to criticize inconsistencies in speech or testimony, as in: one says one thing, and in the same breath, says another contradictory thing. Word: Stratum Origin: The word ”stratum” was originated in late 16th century and is singular …
Introduction Section 148 of the Companies Act, 2013 (“the Act”) read with Companies (Cost Records and Audit) Rules, 2014 and Companies (Cost Records and Audit) Amendment Rules, 2014 (“Rules”) deals with provisions relating to maintenance of Cost Records and Cost Audit requirement. The Central Government by order has specified certain companies engaged in production of …
Maintenance of Cost Records & Cost Audit Requirement Under Companies Act, 2013 Read More »
Definition:-Corporate governance can be defined as the system by which companies are directed and controlled. Its objective is often stated as being the enhancement of corporate profit and shareholder gain while having regard to the impact that this may have on other stakeholders of the company. BOARD MATTERS:- PRINCIPLE: – Every Company should have an …
S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th March, 2015 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th March, 2015 3 Monthly return for production and removal of goods and other relevant particulars and CENVAT …
LABOUR & OTHER COMPLIANCE’S FOR THE MONTH OF MARCH 2015 Read More »
Arbitration Petition No.: 6 of 2014 Case decided on: – 16-2-2015. Facts of the Case: There existed an agreement between above mentioned parties. The arbitration clause incorporated in the agreement regarding sale contract dated 2nd May, 2011 stated as follows: “Disputes: In case of any dispute arising out of this agreement between the parties, the …
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