Month: July 2015

Compliance Calendar as per Listing Agreement for the Quarter ended on 30th June, 2015

S. No Activities Sections /Rules /Clauses, etc. Acts / Regulations, etc. Compliance Due Date 1. Compliance Certificate on Corporate Governance Clause 49 Listing Agreement 15th July, 2015 2. Shareholding Pattern[BSE Ltd has launched a facility of XBRL based reporting for Shareholding Pattern w.e.f June 12, 2015. To facilitate the reporting of shareholding pattern in XBRL format, …

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BlueOrchard Microfinance Fund (Appellants) Versus Share Microfin Limited (Respondent)

Case decided on 01.06.2015 C.V. Nagarjuna Reddy, J. (decided on 01.06.2015) Three petitions are filed under Sections 433, 434(1) (c) and 439(1)(b) of the Companies Act,1956 (for short, ‘the Act’) for an order to wind up the respondents for non-payment of the alleged debts due to the petitioner Brief Facts: The petitioner is an investment …

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E-voting Provisions Under Secretarial Standards-2

The phrase ‘voting by electronic means’ is defined in the Companies (Management & Administration) Rules, 2014 as substituted by the Companies (Management and Administration) Amendment Rules, 2015 and the SS – 2 as to includes ‘remote e-voting’ and voting at the general meeting through an electronic voting system which may be the same as used …

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Legal Jargons

Word: sui juris Origin: Latin word Meaning: of his own right Example:A person sui juris is one who possesses full civil rights and is not under any legal incapacity Refers to one legally competent to manage his own affairs Word: res ipsa loquitur Origin: Latin word Meaning: the thing speaks for itself Example: used in …

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Partners Column

The month of June, 2015 left the Maggi lovers in a great set back as Central food safety regulator FSSAI banned Nestle’s most popular food item -Maggi saying it as unsafe and hazardous for consumption on finding excessive levels of lead in its taste enhancer monosodium glutamate (MSG) and for violation of labelling regulations. At …

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MINISTRY OF CORPORATE AFFAIRS (MCA)

1. Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013 under section 74 of the said Act MCA vide circular dated 18th June, 2015 clarified that that vide Removal of Difficulties (Second) Order [S.O. 1428(E)] dated 2nd June, 2014 and Removal of Difficulties (Fourth) Order [S.O. 146O(E)] dated …

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