Author name: CS P. Surya Prakash

UK CORPORATE GOVERNANCE CODE

(To familiarize with the best practices on Corporate Governance & Corporate Laws) INTRODUCTION: The UK Corporate Governance Code (also known as”Combined Code”) is a set of principles of corporate governance aimed at companies listed on the London Stock Exchange. It is supervised by the Financial Reporting Council and its importance derives from the Financial Services …

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Insight on Secretarial Audit Report

[vc_row][vc_column][vc_column_text]Meaning It is a process of verification of records and documents to check compliance with the provisions of various laws and rules/procedures, maintenance of books, records etc. by an independent professional to ensure that the company has complied with the legal and procedural requirements and also followed due processes. Initiatives by MCA/History The Ministry of …

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Legal Jargon

Word :“Ab initio ” Meaning : From the beginning. Example: The contract was void ab initio. Prononciation: ab in-i-ti-o Word :“Ipso facto” Meaning : By that very fact or act. Example: A blind person, ipso facto, is not entitled to a driver’s license. Prononciation: ip-so fac-to

Legal Jargon

Word :“ Garnishment ” Meaning : A court order directing that money or property of a third party be seized to satisfy a debt owed. Example: The court issued garnishment to the employer to pay a part of the employee’s wages to someone else towards payment of debt or judgment. Prononciation: Gar-nish-ment

Compliance Calendar for Listed Companies for the quarter ended on 30th June, 2013

S.No Activities Clause/ Regulation No. Agreement/ Regulation etc. Compliance Due Date 1 Intimation for holding of Board Meeting for considering the unaudited quarterly financial results . Clause 41 Listing Agreement 9 (Nine) days in advance of the Board Meeting 2 Newspaper Advertisement about Board Meeting to consider quarterly financial results Clause 41 Listing Agreement 9 …

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Legal Jargon

Word : Ad infinitum Meaning : Again and again in the same way; forever Example:The sequence 1, 2, 3, … continues ad infinitum. Prononciation: Ad in-fi-ni-tum Word: unequivocal: Meaning:Admitting of no doubt or misunderstanding; clear and unambiguous. Example:Unequivocal undertaking to relate to the ultimate goal of nuclear disarmament. Prononciation: un-e-quiv-o-cal

Compliance Calendar for Listed Companies for the quarter ended on 30th June, 2013

S.No Activities Clause/ Regulation No. Agreement/ Regulation etc. Compliance Due Date 1. Compliance Certificate on Corporate Governance Clause 49(VI)(ii) Listing Agreement 15th  July 2. Shareholding Pattern Clause 35 Listing Agreement 21st July 3. Intimation for holding of Board Meeting for considering the unaudited quarterly financial results . Clause 41(III)(a) Listing Agreement 9 (Nine) days in …

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