The German Corporate Governance Code presents essential statutory regulations for the management and supervision (governance) of German listed companies and contains internationally and nationally recognized standards for good and responsible governance. The Code aims at making the German Corporate Governance system transparent and understandable. A dual board system is prescribed by law for German stock …
We discussed on Section 25 of the Companies Act, 1956 in the earlier issue and in the present issue we shall proceed with Sections 26 to 36 which deals with the Articles of Association. Query # 1 : Normally articles constitute a contract between members and the company, but whether the articles can also constitute …
Word: “Sine die” Origin: French Meaning: Without assigning a day for a further meeting or hearing Example: The meeting was adjourned sine die. Word: “Laissez faire” Origin: French Meaning: A policy of non-interference Example: “I think the government should hold up laissez fair in regards to bailout packages.”
S. No Activities Sections /Rules /Clauses, etc. Acts / Regulations, etc. Compliance Due Date 1 Compliance Certificate on Corporate Governance Clause 49 Listing Agreement 15thJanuary,2014 2 Shareholding Pattern Clause 35 Listing Agreement 21stJanuary,2014 3 Submission of Reconciliation of Share Capital Audit (Formerly Known as Secretarial Audit Report) Regulation 55A SEBI (Depositories & Participants) Regulations, 1996 …
Labour Law and & other compliance’s for the month of January, 2014 S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5thJanuary 2014 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th January 2014 3 Monthly return for …
Borrowing and Lending in Rupees – Investments by persons resident outside India in the tax free, secured, redeemable, non-convertible bonds: RBI had earlier imposed restrictions on persons resident in India who have borrowed in Rupees from a person resident outside India to the effect that such borrowed funds cannot be used for any investment, whether …
Rationalization of Periodic Call Auction for Illiquid Scrips SEBI had vide circular no CIR/MRD/DP/ 6/2013 dated February 14, 2013 issued guidelines for trading in the illiquid scripts through Periodic Call Auction session. After introduction of periodic call auction framework, representations had been received from market participants regarding the aforesaid circular. The issues raised by market …
Clarification with regard to holding of shares or exercising power in a fiduciary capacity – Holding and Subsidiary relationship under Section 2(87) of the Companies Act, 2013 : MCA has received a number of representations consequent upon notifying section 2(87) of the Companies Act, 2013 which defines “subsidiary company” or “subsidiary”. MCA has been asked …
INTRODUCTION The crowning of the Companies Act, 2013 (“new act”) is all ready to rule & reign the territory with everlasting superseding powers but the stick of administration has still not been completely passed into its hand, as still there are sections which needs to be notified so as to reign the entire region with …
In the earlier issue we have discussed on section 22 & 23 of the Companies Act, 1956 and in the present issue we shall proceed with section 25 which deals with Charitable Companies or power to dispense with “Limited” in name of charitable or other company. Query # 1 : Only members of an association …
Don’t miss our future updates! Get Subscribed Today!