Establishment of Connectivity with both depositories NSDL and CDSL –Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement: SEBI vide CIR/MRD/DP/ 13 /2012 dated April 23, 2012to has instructed the stock exchanges consider shifting the trading in these securities to normal Rolling Settlement subject to the following: At least 50% of […]
SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) Read More »
Listed below are the Compliance’s for the month of May, 2012 S. No. Compliance Clause / Regulation No./Forms Agreement / Regulations etc. Compliance Due Date 1. Excise Duty payment GAR 7 Central Excise Rules, 2002 5th May 2. Payment of Service Tax GAR 6 Service Tax Rules, 1994 5th May 3. Professional Tax Monthly Return
Compliance Calendar for May, 2012 Read More »
Quarterly / Annual Compliance – Listed Company for the quarter ended on 31st March, 2012 S. No. Activities Clause / Regulation No. Agreement / Regulations etc. Compliance Due Date 1. Compliance Certificate on Corporate Governance Clause 49 Listing Agreement 15th April 2. Shareholding Pattern Clause 35 Listing Agreement 21st April 3. Last date for submitting
Compliance – Listed Company for the quarter ended on 31st March, 2012 Read More »
[Decided on 07/02/2012] Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 (Act of 1985) read with section 53A of the Transfer of Property Act, 1882 (Act of 1882) – Agreement to sell land by a sick company – Possession of land given to the purchaser – BIFR restricts the sale-Whether correct –
Raheja Universal Ltd. V. NRC Ltd. & ORS [SC] Read More »
[SECURITIES APPELLATE TRIBUNAL, 31 Jan 2012] Securities Exchange Board of India – Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992, 3(i) and 4 – Insider Trader – Unpublished price – Sensitive information – Penalty – Sustainability. The Appellant was guilty of ‘insider trading’ and the Board held appellant guilty of violating
Chandrakala Vs Adjudicating Officer, SEBI, Mumbai Read More »
The Hon’ble High Court of Calcutta vide its order dated February 8, 2012, in the matter of Emami Biotech Limited [2012] 18 taxmann.com 170 (Calcutta), has held that “an order sanctioning a scheme of amalgamation or demerger under Section 394 of the Companies Act, answers to the description of the words “instrument” and “conveyance” within
Emami Biotech Ltd. and Another Read More »
Civil Application No. 140 of 2010 in Ferast No. 22067 of 2010 D Y Chandrachud, J. & M S Sanklecha, J. Decided on 07-02-2012 Section 52 of the Foreign Exchange Regulation Act, 1973 (FERA) read with Sections 19 of the Foreign Exchange Management Act, 1999(FEMA) – Appeal to High court from the order of the
Union of India V. Reliance Industries Ltd. [BOM] Read More »
Listed below are the Compliances for the month of April, 2012 S. No. Compliance Clause / Regulation No. Agreement / Regulations etc. Compliance Due Date 1. Professional Tax Monthly Return Form V Andhra Pradesh Tax on Professions, Trades, Callings and Employments Act, 1987. 10th April 2. Consolidated Statement of dues & Re-mittances Form 12A Employees’
Compliance Calendar for April, 2012 Read More »
Overseas Investments by Resident Individuals – Liberalisation / Rationalisation: RBI vide circular RBI/2011-12/474,A. P. (DIR Series) Circular No.97 dated 28th March, 2012 has granted general permission to the resident individuals for acquiring equity shares of a foreign entity by way of/ under (i) qualification shares, (ii) professional services rendered and (iii) ESOP scheme, the details of which
Reserve Bank of India(RBI) Read More »
We all are aware that a Company being an artificial person does not have a physical presence. Therefore, it acts through its Board of Directors for carrying out its activities and entering into various agreements. But what is the authenticity that Board of Directors is acting on behalf of the Company. Here, comes the role of “Common
Common Seal – Relevance and importance Read More »