Introduction: Sahara India Real Estate Corporation Ltd ( “SIRECL”) and Sahara Housing Investment Corporation Ltd (“SHICL”) (both unlisted public companies), in March 2008 and September 2009, raised around 24,000 crores rupees from investors by issuance of Optionally Fully Convertible Debentures (OFCDS) by passing Special resolution U/S 81(1A). Subsequently they filed RHPs to the concerned ROC …
Dear friends As 2012 has come to an end, let me wish you and your family all the best for the New Year. I hope that 2013 brings you good health, wealth, prosperity and great happiness. Leaders and Organizations continue to face challenges while trying to keep pace with the highly competitive global business environment, …
As I sit down to write the partner’s column, I am wondering what is apropos in the current environment that would interest the reader. Diverse subjects such as logjam in Parliament due to CoalGate, dwindling Indian economy, labor unrest, sub- optimal rain fall, Apple and Samsung patent fight, fate of Companies Bill etc., come to …
Evolution Producer Company form of cooperative entity has been introduced in the Indian economy by virtue of the Companies (Amendment) Act, 2002 which is effective from February 6, 2003. The roots of producer company form of an entity can be traced to the recommendations of an expert committee led by a reputed economist, Mr. Yoginder …
Dear friends Shareholder Activism This has taken centerpiece of business newspapers for the last few months. Shareholder activism is the way in which shareholders can assert their power as owners of the company to influence its behaviour. Activism encompasses broad spectrum of activities such as – proxy voting, dialogue or active engagement with the management, …
Old V/s.NewThe Ministry of Corporate Affairs (MCA) vide Notification No. S.O. 447(E) dated 28th February, 2011 have revised Schedule VI of the Companies Act, 1956 (The Act) which provides the instructions for the preparation of the Balance Sheet and Statement of the Profit & Loss of the Company. The purpose for revising the reporting format …
A comparative Study – Schedule VI of the Companies Act, 1956 Read More »
Dear All, India Inc, in 2011 went from a high growth phase to the current slow down and from a heady stock market to a crumbling one. India Inc is grappling with myriad issues such as steep increase in interest rates, status quo on reform agenda, government’s indecisiveness due to increased media vigilance and overarch …
Dear friends India is witnessing a defining moment of our Democracy having unanimously passed a resolution by parliament to include three important aspects in the proposed Lokpal Bill as suggested by civil society. This is a victory of people of India and hopefully this momentum would continue and active civil society involvement would enhance credibility …
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