Month: September 2015

Securities Exchange Board of India (SEBI)

1. Format of regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Regulations): In order to ensure that adequate disclosures are made to help investors in taking an informed decision, it has been decided to modify the formats for disclosures under regulation 31 of the Regulations. 2. Circular on Implementation of the …

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MINISTRY OF CORPORATE AFFAIRS (MCA)

1. Companies (Management and Administration) Amendment Rules, 2015 MCA vide its notification dated August 28, 2015 has amended Rule 23 sub-rule (1) of Companies (Management and Administration) Rules, 2015 pertaining to Special Notice by substituting the words “not more than five lakh rupees” with “not less than five lakh rupees”. The above rule is read …

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Incorporation of Companies under Companies Act, 1956 vs 2013

  Sr. No. Subject Matters Provisions under Companies Act, 1956 Provisions under Companies Act, 2013 1 Types of companies that can be formed Public company or private company which can be limited by shares/limited by guarantee or unlimited company. Besides public & private company, One Person Company (OPC) can also be formed. 2 Validity of …

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LABOUR & OTHER COMPLIANCE’S FOR THE MONTH OF SEPTEMBER 2015

  S. No. Compliance Forms to beFiled Relevant Law Due Date 1 Excise duty payment GAR 7 Central Excise Rules, 2002 5th September 2015 2 Payment of service tax  to the department GAR 7 Service Tax Rules, 1994 5th September 2015 3 Monthly return for production and removal of goods and other relevant particulars and …

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Legal Jargons

Maxim: Audi alteram partem Origin: Latin phrase Meaning: hear the other side Example:Both the parties should be heard by a judge before arriving into a decision. (i.e. audi alteram partem) Maxim: Nemo debet esse judex in propria causa Origin: Latin phrase Meaning: No man can be a judge in his own cause Example: It applies …

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The Quoted Companies Alliance Corporate Governance Code for small and mid-size quoted companies (“qca Code”)

I. PREFACE: The QCA Code helps to put into practice the best governance model for smaller and mid-size quoted companies in UK within current legal and regulatory requirements and encourage positive engagement between such companies and their shareholders. The QCA Code adopts key elements of the UK Corporate Governance Code (the UK Code), current policy …

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