Word : Ultra posse nemo obligatur Origin : Latin. Meaning : One shall do what he can do to support the community. That means, nobody is obligated to do more than what he can do. Explanation : Everyone has his own level of ability to do a particular thing and one cannot expect that all […]
Dear Friends, As I started with this column, my thoughts tried to capture the important events during the month of June, 2014, the most remarkable one being the formation of Telengana as the 29th State of the Indian Union on 2nd June, 2014. It is strongly believed that the formation of new state will lead
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
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-
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
INTERNATIONAL CORPORATE GOVERNANCE NETWORK (ICGN) – CORPORATE GOVERNANCE PRINCIPLES Read More »
S.No. Compliance Forms to be Filed Relevant Law Due Date 1. Excise Duty payment GAR 7 Central Excise Rules, 2002 5th July, 2014 2. Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th July, 2014 3. Monthly return for production and removal of goods and other relevant particulars and CENVAT
Labour Law compliance’s for the month of July, 2014 Read More »
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,
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.
Corporate Governance Framework in Australia Read More »
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
RESERVE BANK OF INDIA (RBI) Read More »
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
Securities Exchange Board of India (SEBI) Read More »