Month: November 2015

The Micro, Small and Medium Enterprises Development Act, 2006

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 …

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19th Foundation Day: 23rd October 2015

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 …

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Legal Jargons

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 …

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Register Of Contracts Or Arrangements In Which Directors Are Interested

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 …

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Powers of the Board – Companies Act, 2013 Vs Companies Act, 1956

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 …

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Spain Code of Best Practices for Corporate Governance – For Listed Companies ; Structure, membership, meetings and committees of Board of Directors

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 …

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MINISTRY OF CORPORATE AFFAIRS (MCA)

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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