S. No. Particulars Companies Act, 2013 Companies Act, 1956 1. Compulsory Internal Audit Sec.138. Prescribes companies of a particular class to appoint an Internal auditor who can be a CA or CWA or of any other professional as may be decided by the Board. No Such Provision existed 2. Rotation of Statutory Auditors Sec.139(3): Members […]
Audit & Auditors – Companies Act, 2013 vs. Companies Act, 1956 Read More »
Meaning of Dividend:The term ‘dividend’ has been defined under Section 2(35) of the Companies Act, 2013. The term “Dividend” includes any interim dividend. It is an inclusive and not an exhaustive definition. According to the generally accepted definition, “Dividend” means the profit of a Company, which is not retained in the business and is distributed
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The New Zealand Corporate Governance Forum Guidelines (“Guidelines”) are designed as a contemporary governance reference for shareholders, chairpersons, directors and senior executives of listed companies. The broad principles laid down in these Guidelines pertain to: Ethical standards; Board composition and performance; Board Committees; Reporting and Disclosures; Remuneration; Risk Management; Auditors; Shareholders Relations; Stakeholders Relations. This
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S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th December 2015 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th December 2015 3 Monthly return for production and removal of goods and other relevant particulars and CENVAT credit Form
Labour Law & other Compliance’s for the month of December, 2015 Read More »
Introduction Foreign Trade can be understood as exchange of goods and services across International Territories and Borders. This exchange of goods and services between India and various other countries is usually regulated by the Government of India, in the form of a written plan of action rationalizing the course of action of the Government. In
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Since Vietnamese company law provides different internal governance structures for Limited Liability Companies (LLCs) and Shareholding Companies (SCs), this section examines these systems in separate sub-sections. This section concludes that the Enterprise Law 2005 provides different fixed internal governance structures for Company types with mandatory powers and functions for each corporate governance body. INTERNAL GOVERNANCE
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SR. No Compliance Forms to beFiled Relevant Law DueDate 1 Excise duty payment GAR 7 Central Excise Rules, 2002 5thOctober, 2015 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5thOctober, 2015 3 Half yearly return for the period of 01-04-2015 to 30-09-2015 ST-3 Service Tax Rules, 1994 25thOctober,
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S. No Activities Sections /Rules /Clauses, etc. Acts / Regulations, etc. Compliance Due Date 1. Compliance certificate on Corporate Governance Clause 49 Listing Agreement 15th October, 2015 2. Shareholding Pattern[BSE Ltd has launched a facility of XBRL based reporting for Shareholding Pattern (SHP) w.e.f June 12, 2015. To facilitate the reporting of shareholding pattern in XBRL
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1. Constitution of Audit Committee of the Board: RBI vide Circular No. RBI/2015-16/181, DBS.ARS.BC 4/08.91.020/2015-16 dated, 24th September, 2015, in relation to Constitution of the Audit Committee of the Board (ACB) has advised all the public sector banks as follows: “Should a bank have more than one ED, the ED in-charge of internal inspection and
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Maxim: Ratio Decidendi Origin: Latin phrase Meaning: the reason for a decision Example:Ratio Decidendi is the principle of law or the legal reason upon which the outcome of a particular case is founded. Maxim: Obiter Dictum Origin: Latin phrase Meaning: remarks/observations of a judge which are not necessary for reaching a decision Example: An obiter