INTRODUCTION: The Secretarial Standard on General Meeting (SS-2) as approved by the Central Government has been issued by the Institute of Company Secretaries of India (ICSI) under the provisions of Section 118(10) and explanation under Section 205(1) of the Companies Act, 2013 (the Act), vide ICSI Notification No. 1 (SS) of 2015 dated April 23rd, […]
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Introduction: Annual return is the snapshot of certain company information as they stood on the close of the financial year. Section 92 of the Companies Act, 2013 deals with Annual Return of the Company. Objective of Filing the return: The basic purpose of filing annual return with the Registrar of Companies (‘ROC’) is to provide
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Case decided on 7th August, 2014 I. Case Note: Whether creditors can file a petition for winding up of a company under the Companies Act, 1956 (“CA 1956”), in case the respondent has not made payment for materials supplied by the Petitioner ? – No II. Brief Facts: The Petitioner (i.e., Ashok Aggarwal) has filed
Ashok Aggarwal (Petitioner) Versus Amitex Polymers Pvt. Ltd. (Respondent) Read More »
IPA Educational Society has conferred Mrs. Rashida Adenwala with honorable ‘IPA Proficiency Award’. The jury consisted of the Vice-chairman of ICAI (Hydbad Branch), Chairman of Institute of Cost Accountants of India (Hydbad Branch), Chairman ICSI (Hydbad Branch), President Twin Cities Tax Practitioners Assn, HOD, Dept of Commerce, Osmania University, Vice President A.P. Tax Bar Association.
Mrs. Rashida Adenwala conferred with the honorable ‘IPA Proficiency Award’ Read More »
1. Changes in RTGS time window: RBI Vide Notification No: RBI/2015-16/168 dated September 01, 2015 inviting reference to the Reserve Bank of India press release number 2015-2016/528 dated August 28, 2015 on “Bank Holiday on Second & Fourth Saturdays from September 1; RBI to offer its Support Services to Banks on Working Saturdays. Accordingly, RTGS will
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1. Format of regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Regulations): In order to ensure that adequate disclosures are made to help investors in taking an informed decision, it has been decided to modify the formats for disclosures under regulation 31 of the Regulations. 2. Circular on Implementation of the
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1. Companies (Management and Administration) Amendment Rules, 2015 MCA vide its notification dated August 28, 2015 has amended Rule 23 sub-rule (1) of Companies (Management and Administration) Rules, 2015 pertaining to Special Notice by substituting the words “not more than five lakh rupees” with “not less than five lakh rupees”. The above rule is read
MINISTRY OF CORPORATE AFFAIRS (MCA) Read More »
Sr. No. Subject Matters Provisions under Companies Act, 1956 Provisions under Companies Act, 2013 1 Types of companies that can be formed Public company or private company which can be limited by shares/limited by guarantee or unlimited company. Besides public & private company, One Person Company (OPC) can also be formed. 2 Validity of
Incorporation of Companies under Companies Act, 1956 vs 2013 Read More »
S. No. Compliance Forms to beFiled Relevant Law Due Date 1 Excise duty payment GAR 7 Central Excise Rules, 2002 5th September 2015 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th September 2015 3 Monthly return for production and removal of goods and other relevant particulars and
LABOUR & OTHER COMPLIANCE’S FOR THE MONTH OF SEPTEMBER 2015 Read More »
Maxim: Audi alteram partem Origin: Latin phrase Meaning: hear the other side Example:Both the parties should be heard by a judge before arriving into a decision. (i.e. audi alteram partem) Maxim: Nemo debet esse judex in propria causa Origin: Latin phrase Meaning: No man can be a judge in his own cause Example: It applies