Circulars: Whether Hindu Undivided Family HUF)/ its Karta can become partner/Designated Partner (DP) in Limited Liability Partnership (LLP) vide MCA Circular No. 02/2016 Reference is invited to General Circular No. 13/2013 wherein, in paragraph 2, it has been clarified that “as per section 5 of LLP Act, 2008 only an individual or body corporate may […]
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Circulars: Procedures for ensuring compliance with Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 (SECC Regulations) by Listed Stock Exchanges vide Circular No. CIR/MRD/DSA/01/2016 Regulation 45 of the SECC Regulations provides for listing of stock exchanges. As per Regulation 45(2) of the SECC Regulations, the Board may specify such conditions as it may
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Particulars OLD CLAUSE NEW REGULATION CHANGES OLD LISTING AGREEMENT NEW LISTING REGULATION Outcome of Board Meeting 20(a)to(c) Schedule III, Part A, Para A (4)(a)to(g) Intimate to the Stock Exchange (SE) within 15 minutes of the closure of the Board Meeting (BM) Disclose to the SE, within 30 minutes of the closure of the BM Disclosure to
Few Comparisons between Old Listing Agreement Clauses and New Listing Regulations Read More »
Sridhar Sundararajan – Plaintiff Vs. Ultramarine & Pigments Limited – Defendant-1 and Rangaswamy Sampath – Defendant- 2 The Notice of Motion seeks an order against the 2nd Defendant from functioning or continuing to exercise his powers as Chairman and Managing Director of the 1st Defendant-Company. Facts: The 1st Defendant is a public limited listed Company.
S. No. Particulars Companies Act, 2013 Companies Act, 1956 1 Applicability Section 230 – 240* Section 390 -396A 2 Cross Border Mergers Inbound mergers (Foreign Company merging into Indian Company as well as outbound foreign company mergers (Indian Company merging into foreign Company with RBI approval) are allowed. Permits only inbound foreign Company merger (Foreign Company
S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th January 2016 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 6th January 2016 3 Monthly return for production and removal of goods and other relevant particulars and CENVAT
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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
The Code of Best practice (“Guidelines”) on corporate governance is a joint initiative by The Institute of Chartered Accountants and the Securities & Exchange Commission of Sri lanka. The principles laid down in these guidelines are divided into two categories: Section 1: The Company: A. Directors A.1.The Board: Every public company should be headed by
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I. Introduction: There are around 1.5 lakh dormant companies presently in India as per the government data some of which are either incorporated for future projects or to hold asset or Intellectual Property Rights. Some are yet to commence operations while some have been non operational for a long period of time. However, dormant companies
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Word: ad quod damnum Meaning: according to the harm Definition and Use: Implies that the reward or penalty ought to correspond to the damage suffered or inflicted. It is generally used in Law of Torts. Word: consuetudo pro lege servatur Meaning: Custom is held as law Definition and Use: Where no laws apply to a