Author name: ithelp

Foreign Company

Chapter – XXII – Companies Incorporated outside India read with Companies (Registration of Foreign Companies) Rules, 2014 Introduction: If a person desires to do business in India, he can enter India either by way of establishing a place of business in India or he can form an independent company in India. This note covers relevant …

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Rajasthan R.S.S & Ginning Mills Federation Ltd. v. Deputy Commissioner of Income Tax, Jaipur [SC]

CIVIL APPEAL NO. : 3880 of 2003 DECIDED ON : 29th April, 2014 RAJASTHAN R.S.S. & GINNING MILLS FED. LTD. …APPELLANT DY. COMMISSIONER OF INCOME TAX, JAIPUR. ….RESPONDENT MATTER : Income tax Act, 1961- Section 72- amalgamation of cooperative societies- whether carry forward of loss of the amalgamating societies is available to the amalgamated society- …

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INTERNATIONAL CORPORATE GOVERNANCE NETWORK (ICGN) – CORPORATE GOVERNANCE PRINCIPLES

The International Corporate Governance Network (ICGN), founded in 1995 at the instigation of major institutional investors, represents investors, companies, financial intermediaries, academics and other parties interested in the development of global corporate governance practices. One of its objectives is to facilitate international dialogue on issues of concern to investors. High standards of corporate governance, including …

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Partner’s Column

Dear All, Our Country has witnessed a thumping victory of Bharatiya Janata Party led by Hon’ble Sri Narendra Modi in the recently concluded Loksabha elections with unprecedented majority to form the government solely on their own. This was the first time that the entire country erupted in celebrations on seeing the results. On this occasion, …

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Corporate Governance Framework in Australia

The Australian Securities Exchange (ASX) Corporate Governance Council was formed in August 2002 and has been chaired by the ASX Group (ASX) since its inception. ASX Group is a market operator, clearing house and oversees compliance with its operating rules, promotes standards of corporate governance among Australia’s listed companies and helps to educate retail investors. …

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RESERVE BANK OF INDIA (RBI)

Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of NBFCs Reserve Bank of India has vide its circular DNBS (PD) CC.No.376/03.10.001/2013-14 dated May 26, 2014 notified that NBFCs both Deposit accepting and non-deposit accepting registered with RBI will requiring prior written approval of the Reserve Bank in the following …

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Securities Exchange Board of India (SEBI)

CIR/MRD/DSA/18/2014: Circular on Companies exclusively listed on De-recognized /Non-operational Stock Exchanges – 22nd May, 2014 1.SEBI vide circular dated May 30, 2012 (Exit Circular) issued guidelines in respect of exit options to stock exchanges. In terms of these guidelines, if the stock exchange is not able to achieve the prescribed turnover of Rs 1000 Crore …

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MINISTRY OF CORPORATE AFFAIRS (MCA)

Delegation of powers under section 458 of CA 2013 to Regional Director In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013),  Central Government has delegated to the Regional Directors at Mumbai, Kolkata, Chennai, Noida, Ahmedabad,  Hyderabad and Shillong, the power and functions vested in it under the …

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