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 […]
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1. Amendment to Schedule II of Companies Act, 2013 In exercise of the powers conferred by sub-section (l) of section 46:- of the Companies Act, 2013 (18 of 2013), the Central Government has made further amendments to amend schedule II of the said Act with effect from the date of publication of this notification in
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A. Purpose and scope of the guidelines: The purpose of the guideline is to communicate Office of the Superintendent of Financial Institutions (OSFI’s) – ‘Canada’ expectations with respect to corporate governance of federally-regulated financial institutions (FRFIs). It applies to all FRFIs other than the branch operations of foreign banks and foreign insurance companies. The guideline
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Word: Testify Origin: Latin Meaning: To give evidence under oath as a witness in a court proceeding. Example: Three witnesses were called/summoned to testify at the trial. Word: Uberrima fides Origin: Latin Meaning: utmost good faith Example: The concept that a party to certain types of contract must act in Uberrima fides and declare
The companies Act, 2013 has come into effect from 01.04.2014 and replaces a nearly six decade-old legislation and overhauls the way corporate functions and are regulated in the country. The note here under gives overview of the provisions of Audit and Auditor covered under Chapter X of Companies Act, 2013. 1). Appointment of first auditor
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Dividend Sl.No. Particulars As per Companies Act, 2013 As per Companies Act, 1956 1 Title 123 – Declaration of Dividend 205 – Dividend to be paid only out of profits 205A (3) – Unpaid dividend to be transferred to special dividend account 206 – Dividend not to be paid except to registered shareholders or to
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S.No. Compliance Forms to be Filed Relevant Law Due Date 1. Excise Duty payment GAR 7 Central Excise Rules, 2002 5th September 2014 2. Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th September, 2014 3. Monthly return for production and removal of goods and other relevant particulars and CENVAT
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16th November, 2013 Employment contract has nothing to do with the market of providing outsourced legal solutions A case was filed with the Competition Commission of India by an ex-employee working with an organization providing Legal Outsourcing Services. According to the terms of the employment contract with the organization, a clause barred him from accepting employment
Sl. No. Particulars As per Companies Act, 2013 As per Companies Act, 1956 1 Section 56 108, 109, 110 & 113. 2 Title Transfer and Transmission of Securities 108- Transfer not to be registered except on production of instrument of transfer 109- Transfer by Legal Representative 110- Application for Transfer. 113- Limitation of time for
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The NDA government with Narendra Modi at the helm, has brought out its maiden budget. It has received mixed reactions, but given the time constraints and the various economic challenges Mr. Arun Jaitley, must be commended for his pragmatic proposals which are aimed at reigniting growth and reviving the economy. From a macroeconomic perspective, the