1. Constitution of Special Investigating Team – sharing of information. In pursuance of the Hon’ble Supreme Court Judgment dated July 4, 2011, Government of India has constituted a Special Investigation Team (SIT) under the Chairmanship of Hon’ble Justice M.B. Shah. In this regard, the Hon’ble Supreme Court has directed that: “All organs agencies, departments and […]
RESERVE BANK OF INDIA (RBI) Read More »
1. Change in Government Debt Investment Limits. The present debt investment limits available for Foreign Portfolio Investments (FPIs) in Government securities (G-Secs) include a USD 20 billion limit for all FPIs and another USD 10 billion limit for Long Term FPIs. While the USD 20 billion limit has been fully utilized, the USD 10 billion
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1. Notification with regard to Section 203(1) of the Companies Act, 2013: In exercise of the powers conferred by the second proviso to sub-section (1) of section 203 of the Companies Act, 2013, the Central Government has notified that public companies having paid-up share capital of rupees one hundred crore or more and annual turnover
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INTRODUCTION Companies Act, 2013 has unveiled a new era in the Indian Corporate Sector which places more reliance on disclosure norms rather than on approvals. One such area is “related party transactions” which is covered under Section 188 of Companies Act, 2013. As per Ministry of Corporate Affairs Notification dated 26th March, 2014, section 188
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Word : Rebuttal Origin : Latin. Meaning : Is an opposing argument or debate. Example : He chooses to give a point by point rebuttal of my earlier comments. Word : Paralegal Origin : Latin. Meaning : a nonlawyer who performs routine tasks requiring some knowledge of the law and procedures, employed by a law
Applicability: Every listed company or a company having not less than 1000 shareholders shall provide to its members facility to exercise their right to vote at general meetings by electronic means. A company which opts to provide the facility to its members to exercise their votes at any general meeting by electronic voting system shall
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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 August, 2014 2. Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th August, 2014 3. Monthly return for production and removal of goods and other relevant particulars and CENVAT
LABOUR LAW COMPLIANCE’S FOR THE MONTH OF AUGUST,2014 Read More »
HIGH COURT OF DELHI Zhuhai Hansen Technology Co. Ltd. v. Shilpi Cable Technologies Ltd. CO. PETITION No. 333 of 2012 MARCH 19, 2013 Excercising Winding up not possible if disputes between parties pending- Section 433(e) and 434 of the Companies Act, 1956 The Petitioner, Zhuhai Hansen Technology Co. Ltd., a company incorporated in People’s Republic of
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S. No Activities Sections /Rules /Clauses, etc. Acts / Regulations, etc. Compliance Due Date 1. Compliance Certificate on Corporate Governance Clause 49 Listing Agreement 15th July, 2014 2. Shareholding Pattern Clause 35 Listing Agreement 21st July, 2014 3. Intimation for holding Board Meeting for considering the Audited/un-audited financial results for the Quarter ended on 30th
Comparative Statement: S.No Particulars Companies Act, 1956 Companies Act, 2013 1. Reference Section 124 to Section 145 of Companies Act, 1956 Section 77-87 of the Companies Act, 2013 read with the Companies (Registration of Charges) Rules, 2014 2. Definition Inclusive definition of Charge given in this Act as “Charge includes a Mortgage” Charge defined as
Registration of Charges – Comparison between Companies Act, 1956 and Companies Act, 2013 Read More »