Author name: Akash Tiwari

Legal Jargon

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1. Word:Locus Standi Origin: Latin word Meaning: a right to appear in a court or before anybody on a given question; a right to be heard. Example: A foreign government which has not been recognized by the UK government has no locus standi in the English courts. 2. Word: Sub judice Origin: Latin word Meaning: before a court of law or a judge; under judicial consideration Example: Often a commissioner had to leave the bench because he was himself aparty to the suit  that was sub judice.

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Present Taxation Vs Good and Service Tax (GST):

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S. No Basis Current Scenario (Excise/ Custom Duty, Service Tax, CST, VAT) GST Scenario (Goods and Service Tax) 1. Architecture / Structural Difference Central taxes: – Excise/Custom duty, Central sales tax charged on services, surcharge and cess. State Taxes: – VAT, Purchase, Luxury Tax, Entertainment Tax, Tax on Lottery, Surcharge & Cess. A dual layered

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TURKEY’ CORPORATE GOVERNANCE CODE

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Board of Directors I. Introduction Board of directors keeps in balance a corporation’s risk, growth and return at the most appropriate level through strategic decisions and manages and represents the corporation by firstly protecting the long-term benefits of the corporation through rational and prudent risk management. Board of directors shall conduct its activities in transparent,

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Ministry of corporate affairs (MCA)

Leave a Comment / Ministry of Corporate Affairs, Updates & Amendments /

Companies (Cost Records and Audit) Amendment Rules, 2016 dated 14th July, 2016MCA vide notification dated 14th July, 2016 has amended the Companies (Cost Records and Audit) Rules, 2014 where: In rule 2, for clause (d), the following clause shall be substituted, namely:-“(d) “cost audit report” means the duly signed cost auditor’s report on the cost

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Securities and Exchange Board of India (SEBI)

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Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2016 dated 08th July, 2016.In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) and Section 25 of the Depositories Act, 1996, the Securities and Exchange Board of India has hereby amended

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Producer Company

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The concept of Producer Companies was introduced in the year 2002 by incorporating Part IXA (section 581A to 581ZT) into the Companies Act, 1956. The proviso to Section 465 (1) of the Companies Act, 2013 provides that the provisions of Part IX A of the Companies Act, 1956 shall be applicable mutatis mutandis to a

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