I. INTRODUCTION: As per the Black’s Law Dictionary, to “Compound” means “to settle a matter by a money payment, in lieu of other liability.” This meaning clearly defines the concept of Compounding as a mechanism that provides the offender an opportunity to avoid prosecution from the offence committed by him after paying off monitory payment. […]
Compounding Under FEMA Read More »
Parties Appellant: Madura Coats Ltd Vs. Respondent: Modi Rubber Ltd & ANR Citation Civil Appeal No. 1475 of 2006 Court Supreme Court of India Facts: The appellant (Madura Coats) is aggrieved by the judgment and order dated 20th May, 2004 passed by the Division Bench of the Allahabad High Court in Special Appeal No. 420
Madura Coats Ltd Vs. Modi Rubber Ltd & ANR Read More »
S. No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th October 2016 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th October 2016 3 Tax Deducted at Source Payment Challan No./ITNS 281 Income Tax Act, 1961 7th
LABOUR & OTHER COMPLIANCES Read More »
The Ministry of Corporate Affairs (MCA) has amended the Companies (Management and Administration) Rules, 2014 with the notification of ‘Companies (Management and Administration) Amendment Rules, 2016 [amendment rules]’ Date of notification: September 23, 2016. Register of Members Under Section 88 read with rule 3 every company (having share capital) was required to maintain a register
Companies (Management and Administration) Amendment Rules, 2016 Read More »
S.No. Regulation Compliance Due Date As per SEBI (LODR) Regulations, 2015 1 27(2) Corporate Governance Report In respect of the listed entity having paid up equity share capital exceeding rupees ten crore and net worth exceeding rupees twenty-five crore, as on the last day of the previous financial year. 15th October, 2016 2 13(3) Statement
S. No. Particulars Companies Act, 2013 SEBI( LODR) Regulations, 2015 (Shall cover only Materiality of Related Party Transaction) 1 Definition Related Party Transactions- Not Defined under Companies Act Related Party Transactions- Pursuant to regulation 23 of LODR related party transactions means “a transfer of resources, services or obligations between a listed entity and a related
Introduction of Companies (Mediation and Conciliation) Rules:For expediting resolution of the pending disputes, Central Government has introduced the Companies (Mediation and Conciliation) Rules 2016. The said rules prescribe the procedure for the empanelment of mediator or conciliator, their qualifications, disqualifications, appointment of mediator or conciliator, time limit for conducting mediation or conciliation, procedure for conducting
Ministry of corporate affairs (MCA) Read More »
Restrictions on Promoters and Whole-Time Directors of Compulsorily Delisted Companies Pending Fulfillment of Exit Offers to the Shareholders ” In terms of Regulation 24 of the Delisting Regulations, the company which has been compulsorily delisted, its whole-time directors, its promoters and the companies promoted by any such person, shall not directly or indirectly access the
Securities and Exchange Board of India (SEBI) Read More »
Foreign Exchange Management (Deposit) Regulations, 2016The Reserve Bank has made the Foreign Exchange Management (Deposit) Regulations, 2016 relating to deposits between a person resident in India and a person resident outside India. By issuing the said regulations, RBI has repealed and superseded regulations under the Foreign Exchange Management (Deposit) Regulations, 2000. It covers the following
Reserve bank of India (RBI) Read More »
Companies (Share Capital and Debentures) Fourth Amendment Rules, 2016They shall come into force on the date of their publication in the Official Gazette. In the Companies (Share Capital and Debentures) Rules, 2014, in rule 18, after Sub-rule (10), the following sub-rule shall be inserted, namely: – “(11) Nothing contained in this rule shall apply to
Ministry of corporate affairs (MCA) Read More »