Month: May 2015

R & A Events

R & A family had a team outing on 25th & 26th April, 2015 at the Domus Resorts, Shameerpet, Hyderabad. R & A had hired event mangers to facilitate the two day event. The event managers had planned the entire event with one major objective in mind which was to have ‘FUN’. Various team building …

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Securities Exchange Board of India (SEBI)

1. Exclusively listed companies of De-recognized/Non operational/exited Stock Exchanges. SEBI has issued a circular CIR/MRD/DSA/05/2015 dated 17th April, 2015 wherein it has clarified that the exclusively listed companies which fail to obtain listing in any other nationwide stock exchange will cease to be a listed company and will be moved to the dissemination board by …

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MINISTRY OF CORPORATE AFFAIRS (MCA)

1. The Companies ( Incorporation) Amendment Rules, 2015 MCA has vide its Notification dated 1st May, 2015 made amendments to Companies Incorporation Rules wherein the process of incorporation of company has been integrated. The application for allotment of DIN upto 3 directors, reservation of name, incorporation of company and appointment of directors of the proposed company …

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Jyoti Limited & Others (Appellants) Versus Bharat J. Patel & Others (Respondents)

Case Decided On: 17-03-2015 J. Chelameswar & R.K. Agrawal, JJ. [Decided on 17/03/2015] Section 186 of the Companies Act 1956 read with section 9 of Civil Procedure Code,1908 – disputes in holding general meeting – civil court admitted the suit filed by respondent – appellants contested that the issue should go before CLB – whether …

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Independent Directors

The provisions relating to Independent Directors have been taken from Sections 149, 150 of Companies Act, 2013 and Schedule IV read with Rule 4, 5 & 6 of the Companies ( Appointment and Qualification of Directors) rules, 2014 ESSENCE : The Companies Act, 2013 (“Act”), aims to overhaul the provisions relating to independent directors completely …

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Germany Corporate Governance

DEFINITION: “Corporate Governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined.” INTRODUCTION: The German Corporate Governance Code presents essential statutory …

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UNDISCLOSED FOREIGN INCOME AND ASSETS (IMPOSITION OF TAX) BILL, 2015

Introduction: The Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 (also known as the “Black Money Bill”) is proposed to be tabled before Lok Sabha next week which was introduced earlier in the parliament in the month March, 2015. The objective of the bill is to make provisions for undisclosed foreign income and …

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