Format for Auditors’ Certificate required under Clause 24(i) of the Equity Listing Agreement The Securities and Exchange Board of India has through Circular No . CIR/CFD/DIL/1/2014 dated March 25, 2014 prescribed a standard format for Auditors’ Certificate, which is required to be filed by the Company while filing for approval of any draft Scheme of […]
SECURITIES AND EXCHANGE BOARD OF INDIA Read More »
External Commercial Borrowings (ECB) for Civil Aviation Sector The Reserve Bank of India had earlier issued a circular in terms of which External Commercial Borrowings (ECB) could be raised by airline companies for working capital as a permissible end-use, under the approval route. The scheme was extended until 31st December, 2013. RBI has now vide
RESERVE BANK OF INDIA Read More »
1. Rules: The Ministry of Corporate Affairs (“MCA”) has on 31st March 2014 notified rules for 5 Chapters of the Companies Act 2013. Chapter X The Companies (Audit and Auditors) Rules, 2014 Chapter V The Companies (Acceptance of Deposits) Rules, 2014 Chapter XXII The Companies (Registration of Foreign Companies) Rules,2014 Chapter XIV The Companies (Inspection,
MINISTRY OF CORPORATE AFFAIRS (“MCA”) Read More »
Co. Pet. No. 214/2012 Companies Act, 1956- sections 433 & 434 Petitioner(s) L & T FINANCE LTD…. V/S Respondent(s) NISSAN COPPER LTD…. Brief Facts: The Respondent Company availed loan facility to the tune of Rs 3 crore. The respondent Company did not made any payment to the Petitioner Company nor gave any response to the
L&t Finance Ltd V Nissan Copper Ltd[ Guj] Read More »
C/AO/225/2012 Decided on : 05/12/2013 Sections 10 and 293(a) of the Companies Act, 1956 read with section 9 of the Code of Civil Procedure, 1908- Appellant PATEL ISHWARBHAI BECHARDAS & 8….(s) Versus Respondent(s) ADD-LIFE PHARMA LTD THROUGH DIRECTOR CHANDRAKANT & 2…. Brief facts: Defendant Company selling land without following the provisions of section 293(a) -shareholders
Patel Ishwarbhai Bechardas V Add-Life Pharma Ltd[Guj] Read More »
Word: “Docket” Origin: British Meaning:a list of cases in court for trial or the names of the parties who have cases pending. Example: The judge had to postpone some of the cases on the docket. Word: “Hearsay” Origin: Latin Meaning: Unverified information heard or received from another; rumor. Example: I pay no attention to hearsay.
LABOUR & OTHER COMPLIANCE’S FOR THE MONTH OF MARCH, 2014 S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th March, 2014 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5thMarch, 2014 3 Monthly return for production and
Compliance Calender for March 2014 Read More »
Dear Friends, Several reorganisations have taken place in the Corporate and Political scenarios during the month of February, 2014. Amongst all, the predominant one was the passing of the long awaited Telangana Bill in the Parliament against the backdrop of protest and unruly behaviour of the MPs who were against the division of Andhra Pradesh.
The quality of corporate governance among listed companies in France has improved and even accelerated in recent years. Standards are now at the highest international levels. In particular, they meet or exceed those recommended by the OECD, which together with the European Commission leads development in this area. This code has established priorities concerning the
The France model of corporate governance- Board Functionality Read More »
In the earlier issue we have discussed on section 41 of the Companies Act, 1956 which deals with the definition of Member and in the present issue we shall proceed with Section 46 of the Companies Act, 1956 which deals with Contracts and deeds, investments, seal, etc and also with section 47 which deals with