1. Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses RBI has vide circular RBI/2014-15/257 A.P. (DIR Series) Circular No.35 dated 9th October, 2014 decided to permit remittances to the Prime Minister’s National Relief Fund through the Exchange Houses subject to the condition that the remittances …
1. Clarification on Government Debt Investment Limits SEBI has issued a circular CIR/IMD/FIIC/19/2014 dated 9th October, 2014 which clarifies that all investments by Long Term FPIs (Sovereign Wealth Funds (SWFs), Multilateral Agencies, Endowment Funds, Insurance Funds, Pension Funds and Foreign Central Banks) in the USD 5 billion Government debt limit shall continue to be made …
Auditors S No Title The Companies Act, 2013 The Companies Act, 1956 1 Appointment of First Auditor Section 139 Board shall appoint within 30 days from the date of registration of the company. Section 224 Board shall appoint within one month from the date of registration of the company. 2 Ceiling limits of …
Offence: As per section 3(38) of General Clauses Act, 1897 “Offence” shall mean any act or omission made punishable by any law for the time being in force. Compounding of offence: In today’s Corporate world, good governance means to comply with all the provisions of Corporate laws. Non compliance will result in penalties or penalties …
Compounding Of Offences – Section 441 Of Companies Act, 2013 Read More »
The Chinese economy is experiencing a period of unparalleled wealth and growth opportunities. The mandate to improve the corporate governance (“CG”) of Chinese companies as part of the government’s efforts to develop the financial market has become a top priority for the Chinese national agenda. To understand CG in China, one has to take into …
Circulars: Clarification regarding filing of Form DPT4 under Companies Act, 2013: MCA has issued circular no.27/2014 dated June 30, 2014 granting extension of 2 months upto 31-08-2014 without any additional fee in terms of Section 403 of the Act to enable the companies for filing of statement under Form DPT-4 with the Registrar. Clarification with …
Financial Commitment (FC) by Indian Party under Overseas DirectInvestments (ODI) – Restoration of Limit The Reserve Bank of India (“RBI”) has issued a circular A.P. (DIR Series) Circular No.1 dated July 3, 2014 restoring the limit of Overseas Direct Investments (ODI)/ Financial Commitment (FC) to be undertaken by an Indian Party under the automatic route …
Circulars: Circular on extension of timeline on alignment of employee benefit scheme with SEBI (ESOS and ESPS) Guidelines, 1999 SEBI has issued a circular CIR/CFD/POLICYCELL/3/2014 dated 27th June, 2014. SEBI Board has approved certain proposals for framing a new set of regulations concerning employee benefit schemes dealing in shares of the company. The new regulations …
Decided on: May 8, 2014 Sections 391 & 394 of Companies Act, 1956 read with Section 110 of Companies Act, 2013 and SEBI Circular No. CIR/CFD/DIL/8/2013 dated May 21, 2013. Scheme of Amalgamation between M/s Wadala Commodities Limited and M/s Godrej Industries Limited (“Applicant Company”). Matter: For withdrawing the application for dispensing with an …
Availability of e-forms/non-eforms under the Companies Act, 2013. MCA has issued circular no.09/2014 dated on 25th April, 2014 notifying the availability of 46 new e-forms including 3 general e-forms with effect from 28th April, 2014. The 3 general e-forms will be used for filing 17 forms which are not available as e-forms as on date …
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