Single registration for Depository Participants: SEBI has vide its CIR/ MIRSD/5/ 2014 dated 30th December, 2014 made an amendment to the existing registration requirements. The existing requirement of obtaining certificate of initial registration to act as a participant and subsequently permanent registration to continue to act as a participant for each depository has been done …
1. Revision in Bank Rate and change in Bank Rate: RBI has vide its two Circulars dated 15th January, 2015 announced that the bank rate has adjusted from 9% to 8.75% w.e.f January 15, 2015. All penal interest rates linked to the Bank Rate are also revised as follows: Item Existing Rate Revised Rate Penal …
(To familiarise with the best practices on Corporate Governance & Corporate Laws) Committees of the Board of Directors Introduction: The Board of Directors should be small enough in numbers for efficient decision-making and large enough for its members to contribute experience and knowledge from different fields and to allocate management and control functions among themselves. …
Swiss Code of Best Practice for Corporate Governance Read More »
1. Overseas Investments by Alternative Investment Funds (AIF) Reserve Bank of India (“RBI”) has vide its Circular No.48 dated December 09, 2014, decided to permit an Indian Alternative Investment Fund (“AIF”), registered with SEBI, to invest overseas in terms of the provisions issued under the A.P. (DIR Series) Circulars No. 49 and 50 dated April …
1. Redressal of investor grievances through SEBI Complaints Redress System (SCORES) platform: SEBI has vide its Circular No: CIR/OIAE/1/2014 dated December 18, 2014 re-issued the details of the centralized web based complaints redress system ‘SCORES’. The purpose of SCORES is to provide a platform for aggrieved investors, whose grievances, pertaining to securities market, remain unresolved …
The Companies(Cost Records and Audit) Amendment Rules, 2014: The Central Government has made an amendment to Companies (Cost Records & Audit) Rules, 2014. The rules are called Companies (Cost Records & Audit) Amendment Rules, 2014 and shall come into effect from 31st December, 2014. Application of Cost Records: Cost records for products and services shall …
S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th January 2015 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th January 2015 3 Tax Deducted at Source Payment Challan No./ITNS 281 Income Tax Act, 1961 7th January …
Labour Law & Other Compliance’s For January, 2015 Read More »
S. No Activities Sections /Rules /Clauses, etc. Acts / Regulations, etc. Compliance Due Date 1 Compliance Certificate on Corporate Governance. [Note : 1 Refer penalty table below] Clause 49 Listing Agreement 15th January, 2015 2 Shareholding Pattern. [Note : 2 Refer penalty table below] Clause 35 Listing Agreement 21st January, 2015 3 Submission …
The Companies Act, 2013 has introduced some new Concepts which were not present in 1956 Act. Restriction on Non- Cash Transactions Involving Directors (Section 192) Restriction and Legal requirements:-No Company shall enter into an arrangement by which:- a director of the company or its holding, subsidiary or associate company or a person connected with him …
Insight on Section 192 & Section 194 of Companies Act -2013 Read More »
RAJ KUMAR PRASAD & ANR. VS ABBOTT HEALTHCARE PVT. LTD. on 10 September, 2014 Whether the registered proprietor of a trademark can sue another registered proprietor of a trademark alleging deceptive similarity which keeps on arising? The consistent view taken by learned Single Judges is that such a suit would be maintainable and thus by …
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