Dear Friends, The GDP numbers for Q1 for FY 2016 are out registering a growth of 7% as against 7.5% for the previous quarter in the backdrop of deceleration in the farm, services and manufacturing sector. Government projected a GDP of 8.1% – 8.5% for FY 16 which seemed to be a difficult proposition given …
I. INTRODUCTION The financial/ corporate frauds and scams which have taken place in India, required the attention of the Law makers. It was high time to evaluate the high standards in corporate governance and implement stringent provisions to tackle corporate Fraud. The problem was on the rise both in its frequency and severity. The increasing …
I. Introduction Securities and Exchange Board of India (‘SEBI’) vide its circular no. CIR/MRD/DSA/14/2012 dated 30th May, 2012 has issued revised guidelines in respect of exit option for de-recognized/non-operational stock exchanges. II. Applicability The said circular applies to: Recognized stock exchanges Stock exchanges that stand de-recognised as on date of the above circular i.e, 30th …
Exit Policy for De-recognized/ Non-operational Stock Exchanges Read More »
MADHU KAPUR, WIFE OF LATE CO-FOUNDER OF YES BANK, ASHOK KAPUR VS YES BANK LIMITED & RANA KAPOOR, MANAGING DIRECTOR OF YES BANK LIMITED I. KEY NOTE OF THE CASE: Can successors of the Late Company- founder of Yes Bank Limited nominate Directors to the Board? Can successors of Late Company- founder of the Company …
Dear Friends, As the whole country mourns the sudden loss of our most favorite and beloved President Dr. A P. J Abdul Kalam, I too would like to pay my respect and homage to him by taking an oath to imbibe some of his valuable principles of life: 1) Be Active AlwaysAt 80+, when most …
INTRODUCTION: The Secretarial Standard on General Meeting (SS-2) as approved by the Central Government has been issued by the Institute of Company Secretaries of India (ICSI) under the provisions of Section 118(10) and explanation under Section 205(1) of the Companies Act, 2013 (the Act), vide ICSI Notification No. 1 (SS) of 2015 dated April 23rd, …
Introduction: Annual return is the snapshot of certain company information as they stood on the close of the financial year. Section 92 of the Companies Act, 2013 deals with Annual Return of the Company. Objective of Filing the return: The basic purpose of filing annual return with the Registrar of Companies (‘ROC’) is to provide …
Case decided on 7th August, 2014 I. Case Note: Whether creditors can file a petition for winding up of a company under the Companies Act, 1956 (“CA 1956”), in case the respondent has not made payment for materials supplied by the Petitioner ? – No II. Brief Facts: The Petitioner (i.e., Ashok Aggarwal) has filed …
Ashok Aggarwal (Petitioner) Versus Amitex Polymers Pvt. Ltd. (Respondent) Read More »
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. …
Mrs. Rashida Adenwala conferred with the honorable ‘IPA Proficiency Award’ Read More »
1. Changes in RTGS time window: RBI Vide Notification No: RBI/2015-16/168 dated September 01, 2015 inviting reference to the Reserve Bank of India press release number 2015-2016/528 dated August 28, 2015 on “Bank Holiday on Second & Fourth Saturdays from September 1; RBI to offer its Support Services to Banks on Working Saturdays. Accordingly, RTGS will …
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