With a view to facilitate the promotion, development and enhancing the competitiveness of micro, small and medium enterprises, the Micro, Small and Medium Enterprises Development Act, 2006 (“MSMED Act”) has been enacted. ELIGIBILITY FOR REGISTRATION: For an enterprise to get registration under the MSMED Act, it must qualify as a micro or a small or as …
The Micro, Small and Medium Enterprises Development Act, 2006 Read More »
R & A Associates established in 1996, is an integrated Corporate Secretarial & Legal Services Firm, offering One-Stop solution for all Corporate Compliances and Legal Requirements. R & A Associates celebrated its 19th Foundation Day on October 23, 2015 marking another year of success with enthusiasm, fun and frolic. R&A had planned week long exciting activities …
General: International Monetary Fund (IMF) on 6 October 2015 released World Economic Outlook (WEO) October 2015 Update. As per the said report, India’s growth is expected to strengthen from 7.3 percent 2015 and last year to 7.5 percent in 2016. Also, domestic demand in India is projected to remain strong. India has accelerated its efforts …
Word: Above water Meaning: A company who can stay out of debt and economic trouble. Use of the word: have a better credit rating and the investors see such companies as well off. They will also be rewarded with a higher line of credit. Word: a fortiori Meaning: with even stronger reason Use of the …
Section 189 of the Companies Act, 2013 read with Section 184, 188 of Companies Act, 2013 and Rule 16 of Companies (Meetings of Board and its Power) Rules, 2014 APPLICABILITY: This section applies to every company including banking and insurance Company. EXPLANATION: This section provides that every company is required to maintain a register in …
Register Of Contracts Or Arrangements In Which Directors Are Interested Read More »
S. No Particulars Companies Act, 2013 Companies Act, 1956 Changes 1 Applicability Section – 179 read with Rule 8 of the Companies(Meetings of the Board and its Powers) Rules, 2014 Section – 291 & 292 — 2 Powers of Board The Board of Directors shall exercise the following powers on behalf of the company by …
Powers of the Board – Companies Act, 2013 Vs Companies Act, 1956 Read More »
Introduction: The structure and membership of the board of directors is a cornerstone of good corporate governance that conditions its effectiveness and influences both the quality of its decisions and ability to successfully promote the corporate interest.The board of directors should have an optimal size to promote its efficient functioning and maximise participation. The recommended …
S. No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th November, 2015 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th November, 2015 3 Monthly return for production and removal of goods and other relevant particulars and …
Background of the Case:This is a landmark judgment, concerning section 66A of the Information Technology Act, 2000. This Section was not in the Act as originally enacted, but came into force by virtue of an Amendment Act of 2009 with effect from 27.10.2009.The reason behind the insertion of section 66A according to the Amendment Bill …
Shreya Singhal v. Union Of India [AIR 2015 SC 1523] Read More »
I. Limited Liability Partnership (Amendment) Rules, 2015 dated 15.10.2015 In exercise of the powers conferred under sub-Sections (1) and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes the Limited Liability Partnership (Amendment) Rules, 2015 to amend the Limited Liability Partnership Rules, 2009. They shall …
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