Parties to the Case: Equitas Micro Finance Limited & Equitas Housing Finance Ltd. (“Transferor Companies”) Equitas Finance Ltd. (“Transferee Company”) Dates in a scheme of Amalgamation: A typical scheme of amalgamation provides for two dates, viz., ‘Appointed Date’ and the ‘Effective Date’. The Effective Date would be the date on which the scheme is sanctioned …
Amalgamation – Fixing Of Appointment Date And Effective Date Read More »
S. No. Compliance Forms to be Filed Relevant Law Due Date 1. Excise duty payment GAR 7 Central Excise Rules, 2002 5th July 2016 2. Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th July 2016 3. Tax Deducted at Source payment challan No./ITNS 281 Income …
INTRODUCTION: In November 2004, The Tallinn Stock Exchange and Financial Supervision Authority conducted a round table of so called wise men, during which people associated with various economic sectors came together collectively as a group of experts. The purpose of the roundtable was to point out the principles of corporate governance necessary to be fixed …
A. Introduction: The MCA has issued the Companies (Acceptance of Deposits) Amendment Rules, 2016 on June 29, 2016, amending and expanding the list of exempted Deposits under the Companies (Acceptance of Deposit) Rules, 2014. These amendments shall come into force on the date of their publication in the Official Gazette. These rules are summarised below …
Amendments made to the Companies (Acceptance of Deposit) Rules, 2014 Read More »
Overseas ventures are a stepping stone to enter international market and in recent times, India has taken necessary steps to make its presence felt in the global arena. We are all aware that India has outpaced Japan and placed itself on third rank globally in terms of PPP (Purchase Power Parity). Further in the catalog …
Overseas Business Set up-Incorporation Of An Entity In USA Read More »
1. Word:Sine qua non Origin: Latin word Meaning: an indispensable and essential action, condition or ingredient. Example: Her presence was the sine qua non of every social event. 2. Word: De novo Origin: Latin word Meaning: “from the beginning”, “afresh”, “anew”, “beginning again”. Example: In a pure meritocracy, everyone must begin de novo.
S. No Basis Table F of the Companies Act, 2013 Table A of the Companies Act, 1956 Difference 1 Issue of share certificate in case of allotment to subscribers Within 2 months after incorporation No such provisions Now the Company has to issue share certificate within 2 months after incorporation to its subscribers 2 Issue …
COMPARISION – TABLE F OF THE COMPANIES ACT, 2013 & TABLE A OF THE COMPANIES ACT, 1956 Read More »
S. No Activities Regulations Acts / Regulations, etc. Compliance Due Date 1. Statement on Investor Complaints Specifying the number of investor complaints pending at the beginning of the quarter, those received during the quarter, disposed of during the quarter and those remaining unresolved at the end of the quarter. 13(3) SEBI Listing Regulations 2015 21st …
P. (DIR Series) Circular No. 77 [(2)/10(R)] – Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 As a part of Government’s initiative for startups, it has been decided that Indian startups having overseas subsidiaries may open foreign currency account with a bank outside India for the purpose of crediting …
CIRCULAR- SEBI/HO/MRD/DP/CIR/P/2016/58 June 07- 2016 Subject: Investor Protection Fund (IPF) of Depositories The Depository System Review Committee (DSRC) had examined various aspects of the depository IPF including utilization and investment policy of IPF and quantum of funds to be transferred to IPF. The Expert Committee on Clearing Corporations also deliberated the issue with regard to …
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