I. External Commercial Borrowings (ECB) – Revised framework (Notified via RBI//2015-16/349, A.P. (DIR Series) Circular No.56 dated 30th March, 2016) [Changes made in: A.P. (DIR Series) Circular No.32 dated November 30, 2015 and paragraph no. 1.8, 2.2, 2.4.1, 2.4.2, 2.4.5, 2.4.6, 2.5, 2.16 and 2.16.xiii of Master Direction No.5 dated January 1, 2016 ] Taking into account […]
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1. Companies (Share Capital and Debentures) 2nd Amendment Rules, 2016: (Notified vide Notification dated 29th March, 2016) In the Companies (Share Capital and Debentures) Rules, 2014, in rule 12, after sub-rule (5), the following proviso shall be inserted, namely: “Provided that where all members of a company agree, the offer for buy-back may remain open
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I. Introduction: As part of efforts to address difficulties faced by stakeholders and facilitate the ease of doing business in the country, The Companies (Amendment) Bill, 2016 to further amend the Companies Act, 2013 has been introduced in Lok Sabha on 16th March, 2016 by Hon’ble Minister of Finance, Corporate Affairs and Information and Broadcasting
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The objective of the Corporate Governance Code for SMEs is to support and guide internal corporate governance of SME’s in Dubai which will enable the sector to overcome the lack of internal corporate governance know-how on implementation, as well as the unavailability of external qualified specialists in the region. This is a voluntary framework designed
S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th March 2016 and For the month of March – 31st March 2016 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th March 2016 and For the
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S. NO. BASIS OF DIFFRENCE COMPANIES ACT, 2013 COMPANIES ACT, 1956 DIFFRENCE 1. Conversion As per section 71(1): A company may issue debentures with an option to convert such debentures into shares, either wholly or partly at the time of redemption. Provided that the issue of debentures with an option to convert such debentures
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I. Introduction: Investor Education and Protection Fund (IEPF) is for promotion of investors’ awareness and protection of the interests of investors. The provisions of sub Section (5) (6) & (7) of section 125 of the Companies Act, 2013 are effective from 13th of January, 2016 vide MCA Notification issued by Central Government. II. Procedure for transfer
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1. Word: Ex post facto Definition: with retrospective action or force Use of the Word: describing a law which is retrospective (it affects past acts as well as future ones) 2. Word: Actus reus Definition: a criminal act Use of the Word: Every crime must be considered in two parts-the physical act of the crime
Dear Friends, Greetings to All! The great Chanakya, Prime Minister during the Golden Age of Modern India also known as Kautilya or Vishnu Gupta had once quoted, “When the king becomes stronger and controls the nation, petty thief, terrorist and traitors feel the heat and complain of intolerance in the Society”. I would prefer to
Review of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism by Listed Stock Exchanges:SEBI has issued Circular No. CIR/MRD/DP/36/2016 dated February 15, 2016 regarding Review of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism: Comprehensive guidelines on sale of shares through Offer for Sale mechanism were issued vide circular no CIR/MRD/DP/18/2012
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