Introduction: The concept of “Small Company” has been introduced for the first time by the Companies Act, 2013. The Act identifies some companies as small companies based on their capital and turnover for the purpose of providing certain relief/exemptions to these companies. Most of the exemptions provided to a small company are same as that […]
Small Companies Under Companies Act, 2013 Read More »
Background: As you know that Companies Act, 2013 has been published in the Gazette for public information with the information that it will become applicable once it is notified by the Central Government (Ministry of Corporate Affairs) to replace the present Companies Act, 1956. Accordingly, the notification for commencement of 98 sections of the new
Comparitive Analysis Of Certain Sections Of Companies Act, 1956 & Companies Act, 2013 Read More »
Word : Right in re propria. Origin : Roman. Meaning : Right over one’s own property. Example : The owner of a chattel has a right in re propria over it. Word : Right in re aliena. Origin : Roman. Meaning : Right over the property of another person. Example : My right of way
LABOUR & OTHER COMPLIANCE’S FOR THE MONTH OF FEBRUARY S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th February 2014 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th February 2014 3 Monthly return for production and
Compliance Calender for February 2014 Read More »
Dear Friends, I wish you a Happy, prosperous and fulfilling New Year 2014. As the year 2013 came to an end, so also my tenure as the Chairman of ICSI-Hyderabad Chapter on 18th January, 2014. Looking back, I with all the modesty, have the utmost satisfaction of having served my community in this honourable post.
Section 186 of the Companies Act 2013 – Loan and Investment by Company Introduction: The Companies Act, 2013 (Act) has come up with a change in the concept of ‘Loan and Investment by Company. The new Act provides that inter-corporate investments not to be made through more than two layers of investment companies. There is
Insight On Section 186 Of The New Companies Act, 2013 Read More »
In the earlier issue we discussed from Sections 26 to 36 of the Companies Act, 1956 which deals with the Articles of Association and in the present issue we shall proceed with Section 41 of the Companies Act, 1956 which deals with the definition of a member. Query # 1: If the subscribers to memorandum
Conversion of External Commercial Borrowing and Lumpsum Fee/Royalty into Equity: RBI had vide its circular A.P. (DIR Series) Circular No. 15 dated October 1, 2004, informed that an Indian company can issue equity shares against External Commercial Borrowings (ECB) subject to conditions mentioned therein and pricing guidelines as prescribed by the Reserve Bank from time
RESERVE BANK OF INDIA Read More »
The Swedish model of corporate governance is fundamentally the same as in most other countries. The essence of Swedish corporate governance is that the ultimate power should rest with the shareholders. Source of Swedish Legislation: The main source of corporate legislation is the Swedish Companies Act (‘the Companies Act’). The Companies Act contains general provisions
The Swedish Corporate Governance Practices – A brief understanding Read More »
C.A.No.108/CLB/MB/2013 in CP NO.3l (MUM)/2013 Decided on:11th December, 2013 Companies Act, 1956 – Section 169 – holding of Extra-Ordinary General Meeting (EOGM) -Company failing to hold EOGM inspite of directions – whether CLB can order the holding of the EOGM – Held, Yes. Brief Facts: This is the second round of litigation before the CLB.
M/S. Svc RDSources Ltd. [Clb] Read More »