Word: res communis Origin: Latin word Meaning: common to all Example: Property constructs like airspace and water rights are said to be res communis – that is, a thing common to all, and that could not be the subject of ownership. Water is a bit more defined — it is common until captured Word: …
The provisions pertaining to appointment of Company Secretaries are given under Section 203 and the Rules under Chapter XIII of Companies Act, 2013. 1. ESSENCE: A company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the …
S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 31st March, 2015 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 31st 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 APRIL 2015 Read More »
(A) Powers of Board (Section 179) Introduction: Section 179(1) of the Companies Act, 2013 i.e., powers of board, provides that board of directors of a company are entitled to exercise the following powers and to do all such acts as may be authorized by the Company: The above referred powers are subject to provisions specified …
Powers of Board Under Section 179 Of Companies Act, 2013 Read More »
It is now more than a year since the Companies Act, 2013 (CA 2013) became effective, replacing the nearly six-decade old Companies Act, 1956 (CA 1956). The CA 2013 seeks to strengthen corporate governance framework in Corporate India. The new law is being implemented in phases and a few sections are yet to become effective. …
Companies Petition No: 148 of 2014 Case Decided On: 13-01-2015 Brief Facts: The Petition was filed by the SHAHIREAL TECH PVT LTD (herein after referred as Petitioner) seeking winding up of the CELEBRATION CITY PROJECTS PVT LTD (herein after referred as Respondent) for the alleged failure to pay the sum Rs. 17,26,41,591/- The contention of …
SHAHIREAL TECH PVT LTD (Petitioner) V/S CELEBRATION CITY PROJECTS PVT LTD (Respondent) Read More »
S.No. Activities Sections / Rules / Clauses, etc. Acts / Regulations, etc. Compliance Due Date 1. Compliance Certificate on Corporate Governance Clause 49 Listing Agreement 15th April, 2015 2. Share holding Pattern Including details of pledge by Promoters. Clause 35 Listing Agreement 21st April, 2015 Note: Kindly Check whether the format provided by the RTA is in …
Compliance Calendar For Listed Companies For The Quarter Ended On 31st March, 2015 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. ROLE OF THE BOARD OF DIRECTORS Listed companies …
What are “Related Party Transactions”? Provision on Related party transactions are as mentioned below: Section -188 of Companies Act, 2013 Section -297 & 314 of Companies Act, 1956 Now, let’s compare; Sl. No. Nature of Difference Companies Act, 2013 Companies Act, 1956 1. Approval from Board sale, purchase or supply of any goods or materials; …
Related Party Transactions under Old Act & New Act Read More »
1. The Companies (Acceptance of Deposits) Amendment Rules, 2015: In exercise of the powers conferred by Sections 73 and 76 read with sub-section (l) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government has made the following rules further to amend the Companies (Acceptance of Deposits) Rules, 20 I 4., …
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