The month of June, 2015 left the Maggi lovers in a great set back as Central food safety regulator FSSAI banned Nestle’s most popular food item -Maggi saying it as unsafe and hazardous for consumption on finding excessive levels of lead in its taste enhancer monosodium glutamate (MSG) and for violation of labelling regulations. At …
1. Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013 under section 74 of the said Act MCA vide circular dated 18th June, 2015 clarified that that vide Removal of Difficulties (Second) Order [S.O. 1428(E)] dated 2nd June, 2014 and Removal of Difficulties (Fourth) Order [S.O. 146O(E)] dated …
1. Requirements specified under the SEBI (Share Based Employee Benefits) Regulations, 2014 The Securities Exchange Board of India (SEBI) vide its Circular No. CIR/CFD/POLICY CELL/2/2015 dated June 16, 2015 has specified certain processes/disclosure requirements under the SEBI (Share Based Employee Benefits) Regulations, 2014. The following necessary guidelines are being issued: Regulation 3(3) – Minimum Provisions …
1. Liquidity Adjustment Facility – Repo and Reverse Repo Rates It has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 7.50 per cent to 7.25 per cent with immediate effect. Consequent to the change in the Repo rate, the Reverse Repo rate under the LAF will …
“Corporate Governance” means a structure for transparent, fair, timely and decisive decision-making by companies, with due attention to the needs and perspectives of shareholders and also customers, employees, stakeholders and local communities. OBJECTIVES OF THE CODE: To establish fundamental principles for effective corporate governance. To seek “growth-oriented governance” by promoting timely and decisive decision-making based …
Introduction: Insider Trading, as may be familiar to lot of us, is principally the act of dealing in securities with the advantage of having asymmetrical access to unpublished information which when published would impact the price of securities in the market. India seems to be having a long standing tryst with the notion of Insider …
Introduction: The Secretarial Standard on Meetings of the Board of Directors (SS-1), 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) of the Companies Act, 2013 (the Act), vide ICSI Notification No. 1 (SS) of 2015 dated April 23rd, 2015 …
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1) Disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015 The Securities Exchange Board of India (SEBI) vide Circular No. CIR/ISD/01/2015 dated May 11, 2015 has notified the Disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015. The formats for the disclosure under Regulation 6 of SEBI (Prohibition of Insider Trading) Regulations, 2015, have been …
1. Foreign Exchange Management (Permissible Capital Account Transactions) (Third Amendment) Regulations, 2015 The Reserve Bank of India (RBI) has amended the Foreign Exchange Management (Permissible Capital Account Transactions) Regulations, 2000, vide Notification No. FEMA. 341/2015-RB dated May 26, 2015. RBI has allowed resident individual to draw from an authorized person foreign exchange not exceeding USD …
1. Extension of time for filing of Notice of appointment of the Cost Auditor for the F.Y. 2015-16 in Form CRA-2 and filing of cost audit report to the Central Government for the F.Y. 2014-15 in form CRA MCA has released the revised Form CRA-2 on 12th June, 2015 and is available on the MCA …
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