Author name: ithelp

MINISTRY OF CORPORATE AFFAIRS (MCA)

1. National Advisory Committee on Accounting Standards – In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956, the Central Government has decided to constitute an Advisory Committee to be called as the National Advisory Committee on Accounting Standards, which will advise the Central Government on the formulation …

MINISTRY OF CORPORATE AFFAIRS (MCA) Read More »

Compliance Calendar as per the Listing Agreement for the quarter ended on 30th September, 2014

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,2014 2 Shareholding Pattern Clause 35 Listing Agreement 21st October,2014 3 Submission of Reconciliation of Share Capital Audit (Formerly Known as Secretarial Audit Report) Regulation 55A SEBI (Depositories & Participants) …

Compliance Calendar as per the Listing Agreement for the quarter ended on 30th September, 2014 Read More »

Indonesia’s Code of Good Corporate Governance

A. Purpose of the Code The Code of Good Corporate Governance of Indonesia, hereinafter called the GCG Code, is a living instrument offering standards as well as guidance for companies to implement GCG with the purpose of: achieving sustainable growth of the company through a management system based on the principles of transparency, accountability, responsibility, …

Indonesia’s Code of Good Corporate Governance Read More »

Partners Column

Dear Friends, By now, most of you would have enjoyed the long weekend celebrating Gandhi Jayanthi, Dussehra, Floral Bathukamma and Bakrid. It was indeed very much awaited following the busiest month of September wherein  Corporates had to hold their Annual General Meetings. The incumbent Modi’s government in its four months, though did not bring major …

Partners Column Read More »

Labour law & other compliance’s for the month of October, 2014

S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th October, 2014 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th October, 2014 3 Half Yearly Return for the period of 01-04-2014 to 30-09-2014 ST-3 Service Tax Rules, 1994 …

Labour law & other compliance’s for the month of October, 2014 Read More »

Legal Jargons

Word: Sequestration Origin: Late Middle English Meaning: The act of taking someone’s property until debt has been paid. Example: Where a person fails to perform an act or disobeys an injection, commanding persons to enter upon & take possession of his estate & keep it separately from the owner. Word: Quid pro quo Origin: Latin …

Legal Jargons Read More »

Trademark Infringement

Infringement action can be maintained despite long delay in trademark use: Wockhardt Ltd v Remed Healthcare Pvt Ltd: In a recent order the Delhi High Court dealt with a dispute involving deceptively similar trademarks used in relation to pharmaceutical products. In Wockhardt Ltd v Remed Healthcare Pvt Ltd (25th April, 2014) a single-judge bench issued …

Trademark Infringement Read More »

Buy Back of securities of Unlisted Public Company under Companies Act, 2013

Globally, the year 2014 is considered as a year of repurchase revolution as Companies have been gobbling up their own shares at an exceptional rate. The year 2014 is on track to become the third-biggest year for buybacks ever. Apple, IBM, Intel, Merck, Oracle, WaltDisney, ebay, CISCO, Citrix, Boeing, JPMorgan Chase, Goldman Sachs are the …

Buy Back of securities of Unlisted Public Company under Companies Act, 2013 Read More »

Securities Exchange Board of India (SEBI)

1. Formats for disclosure under Regulation 30 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011(Regulations). The format for the reports/disclosures to be filed under regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 has been revised. The revised format is available in the circular. 2. Information regarding Grievance …

Securities Exchange Board of India (SEBI) Read More »

RESERVE BANK OF INDIA (RBI)

1. External Commercial Borrowings (ECB) in Indian Rupees RBI has with a view to provide greater flexibility for structuring of ECB arrangements announced vide its circular RBI/2014-15/207 A.P. (DIR Series) Circular No.25 dated September 3, 2014, that recognised non-resident ECB lenders may extend loans in Indian Rupees subject to the following conditions: The lender should …

RESERVE BANK OF INDIA (RBI) Read More »