Introduction E-Voting is an internet based system through which participation of shareholders in larger numbers in the decision making process of companies is made easy through login and registration of their votes on company resolutions. This is a more efficient, convenient and cost effective method. The system would process, record votes automatically and facilitate declaration …
E-Voting in pursuit of Better Corporate Governance Read More »
With the Intent to facilitate the Globalized Corporate structure in their endeavor to meet the Statutory Compliance’s in adherence to good Corporate Governance practices, the Ministry has introduced the much awaited concept of enabling participation of Directors in the meeting of the Board/Committee through video conferencing. This initiative is not only a big boom for …
Word: “Doctrine ” Meaning:A belief or set of beliefs Example:The government was founded on a doctrine of equality for all people. Pronunciation:doc-trine Word: “Verbatim ” Meaning: Using exactly the same words; corresponding word for word. Explanation: Using the same words in the same order as the Original Statement. Example: “You can’t just copy the encyclopaedia …
Maintenance of Collateral by Foreign Institutional Investors (FII’s) in Cash and F&O segment. The Reserve Bank of India (hereinafter referred to as “RBI”) had earlier issued a circular, in terms of which FIIs may offer such securities as permitted by the Reserve Bank from time to time as collateral to the recognized Stock Exchanges in …
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2013 SEBI vide notification dated March 26, 2013 has made the following amendments in SEBI (SAST) Regulations, 2011: Clarification on reckoning the period of ninety days in case of increase of voting rights due to buyback by Target Company. Relevant date …
Amendment of Companies (Acceptance of Deposit) Rules, 1975. The Ministry of Corporate Affairs (hereinafter referred to as “MCA”) has issued a General Circular dated 21st March, 2013, amending the Companies (Acceptance of Deposit) Rules, 1975. These rules will be called Companies (Acceptance of Deposit Amendment) Rules, 2013. The amendment substitutes the following sub clauses: Amendment …
Word: “Res Judicata n. Latin, the thing has been judged.” Meaning: An issue that is before a court, has already been decided by another court, between the same parties. Therefore, it will be dismissed by the current court. Example:Andhra Pradesh High Court determines that John is the father of Betty’s child. John cannot raise the …
Guidelines for Enabling Partial Two-Way Fungibility of Indian Depository Receipts (IDRs) : SEBI has in order to encourage more number of foreign companies to issue IDRs in the Indian market and also to enable the investors to take informed investment decision, decided to provide a detailed roadmap and guidelines for the future IDR issuances as …
Foreign Exchange Management Act,1999 – Import of precious and semi precious stones- Clarification The Reserve Bank of India (hereinafter referred to as “RBI”) has vide notification RBI/2012-13/418 A.P. (DIR Series) Circular No.83 dated 20th Feb, 2013 clarified that AD Category – I banks which are permitted to approve Suppliers and Buyers Credit including the Usance …
OTHER COMPLIANCE’S FOR THE MONTH OF FEBRAUARY 2013 S. No Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5thFebruary 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5thFebruary 3 Tax Deducted at Source Payment Challan No./ITNS 281 Income …
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