Author name: ithelp

M/S. System For International Agencies (Petitioner) Versus M/S. Rahul Coach Builders Pvt. Ltd.(Respondent)

Arbitration Petition No.: 6 of 2014 Case decided on: – 16-2-2015. Facts of the Case: There existed an agreement between above mentioned parties. The arbitration clause incorporated in the agreement regarding sale contract dated 2nd May, 2011 stated as follows: “Disputes: In case of any dispute arising out of this agreement between the parties, the …

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Partners Column

I take this opportunity to Congratulate Mr Arvind Kejriwal for his victory. It is indeed a remarkable comeback for Arvind Kejriwal in Delhi elections. The magnificent victory is being considered awe-inspiring as the 46 year old bespectacled IITian, notwithstanding a string of electoral triumphs for BJP since the May Lok Sabha polls, managed to anchor …

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Minutes of proceedings of General Meetings, Board Meetings and other meetings

Companies Act 2013 1956 Section Section 118 – Minutes of proceedings of general meeting, meeting of board of directors and other meeting and resolutions passed by postal ballot. *[Notified on 26-03-2014] 1. Every Company shall maintain minutes of every General Meeting of any class of shareholders or creditors, resolution passed by postal ballot , and …

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Anti–Competitive Agreements Pursuant To The Competition Act, 2002

Prohibition of Anti-Competitive Agreement: No enterprise or association of enterprises or person or association of persons shall enter into any agreement in respect of production, supply, distribution, storage, acquisition or control of goods or provision of services, which causes or is likely to cause an appreciable adverse effect on competition within India. Effect of Anti-Competitive …

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Hellenic Code of Corporate Governance (Greece)

Preface : Corporate governance means the way companies are managed and controlled. Corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure by which the objectives of the company can be discussed and set, the key risks that the company faces …

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Is Secretarial Standard One More Law Burdening The Industry And Professionals?

Introduction Secretarial Standards (‘SS’) are being laid down with an intention to bring harmony and unity between secretarial practice adopted by various corporate and professionals. Prior to Companies Act, 2013, Standards were recommendatory in nature; however with the advent of Companies Act 2013, Standards have gained legal recognition. Standards relating to Board meetings and general …

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LABOUR & OTHER COMPLIANCE’S FOR THE MONTH OF FEBRUARY 2015

S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th February 2015 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th February 2015 3 Monthly return for production and removal of goods and other relevant particulars and CENVAT credit …

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POSH EXPORTS PRIVATE LTD v. THE REGISTRAR OF COMPANIES [DEL]

COMPANY PETITION NO: 207/2014 DECIDED ON: 16/12/2014 Companies Act, 1956- Sec. 560- Restoration of struck off Company- allowed subject to cost of Rs. 75,000/-. BRIEF FACTS: The Petitioner Company was Incorporated on 12th May, 1997, as a Private Limited Company. The Board of Directors in the meeting held on 20th Feb, 2014 noticed that the …

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MINISTRY OF CORPORATE AFFAIRS (MCA)

1. Companies (Corporate Social Responsibility Policy) Amendment Rules 2015 : In exercise of the powers conferred under Section 135 and sub-sections (1) & (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government has made the rules further to amend the Companies (Corporate Social Responsibility Policy) Rules, 2014. – 1. …

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