Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2016(Notified vide notification dated 4th April, 2016) In the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015, in rule 3, for the proviso, the following proviso shall be substituted, namely:- “Provided that the Companies in banking, insurance, …
Electronic book mechanism for issuance of debt securities on private placement basis (Notified vide Circular No.CIR/IMD/DF1/48/2016 dated 21st April, 2016) In order to streamline procedures for issuance of debt securities on private placement basis and enhance transparency to discover prices, it has been decided by SEBI to lay down a framework for issuance of …
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Third Amendment) Regulations, 2016 Vide notification no. FEMA.363/2016-RB dated April 28, 2016, RBI has made the following amendments in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (Notification No.FEMA 20/2000-RB dated 3rd …
Dear Readers, Greetings from R & A At a time when the global growth is facing increasing downside risks, India continues to remain a bright spot as being the fastest growing major economy in 2016-17, growing at 7.5%, ahead of China, as per the World Economic outlook released by the International Monetary Fund. This indeed …
1. Word: Ratio decidendi Definition: The reason behind or crux of a judicial decision. Use of the Word: The ratio decidendi is “the point in a case that determines the judgment” or “the principle that the case establishes” 2. Word: In pari delicto Definition: When both the parties are equally at fault. Use of the …
S.No Basis Companies Act, 1956 Companies Act, 2013 Difference 1. Section Section 295 and 296 Section 185 — 2. Approval criteria Previously the Central Government’s approval was required to be taken. No requirement of making an application to the Central Government for sanctioning the loan or guarantee or security. The requirement to obtain Central Government’s …
Shareholders are real owners of the organization but they are sometimes ill-equipped to exercise effective control over the Company. It leads to abuse of power by persons in control. Therefore, Central Government took cognizance of the matter while drafting Companies Act, 2013 and assumed powers by enacting new provisions relating to inspection and inquiry which …
S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise duty payment GAR 7 Central Excise Rules, 2002 5th May, 2016 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th May, 2016 3 Tax Deducted at Source payment challan No./ITNS 281 Income Tax Act, 1961 7th May, …
I. Facts of the case: The Appellant, trading as M/s. Om Perfumery, made an application to the Registrar of Trade Marks to register a trade mark by name “RAMAYAN” with the device of crown in class 3 in respect of incense sticks (agarbattis, dhoops) and perfumeries etc., The Respondent was a dealer for sale of …
The Code of Practice is intended to strengthen confidence in listed Companies, among shareholders, the capital market and other interested parties. It is important that Companies builds good relationships with society as a whole, and particularly with the stakeholder groups that are affected by their business activities. Companies should therefore pay careful attention to establishing …
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