In continuation of the Editors column by CS. Bhavani Raj in the last months newsletter, the Finance Minister (‘FM’) was faced with the daunting task of presenting the Budget 2012-13 keeping in view the global economic meltdown, slowdown of industrial growth and the increasing fiscal deficit. He expressed his anguish in his Budget Speech by …
Habeas Corpus Meaning : A court order used to bring a person physically before a court in order to test the legality of the person’s detention. Usually, it is directed to the official or person detaining another, commanding him to bring the person to court for the judge to determine if that person has been denied liberty without …
General Circular No. 6/2012(Constitution of a Committee to formulate a Policy Document on Corporate Governance): MCA vide circular No. 17/46/2012-CL-V dated 21st March, 2012 has nominated Shri Sudhir Mittal, Additional Secretary on its behalf in the Committee to formulate a policy document on Corporate Governance. General Circular No. 5/2012 (Constitution of a Committee to formulate a …
Introduction Creativity being the keystone of progress, no civilized society can afford to ignore the basic requirement of encouraging the same. Economic and social development of a society is dependent on creativity. In the light of this, the Indian Copyright Act, 1957 has been enacted which came into effect from January, 1958 and was modified …
An insight into the Copyright Act, 1957 and the rules made therein Read More »
Listed below are the Compliances for the month of March, 2012 S. No. Compliance Form to be filed Relevant Law Due date 1. Excise Duty payment GAR 7 Central Excise Rules, 2002 ( Rule 8 ) 5th March 2. Excise Duty payment in case of goods removed during month of March GAR 7 Central Excise …
K. R. SUBRAMANIAN V. OFFICIAL LIQUIDATOR, HIGH COURT OF KERALA [(2009) 147 COMP CAS 123(KER) ] J.B. KOSHY & K.P. BALACHANDRAN JJ. Companies Act,1956 [Section 454] [DECIDED ON 15.10.2008] Companies Act,1956 – Sections 454 – statement of affairs – failure to file – liability of managing director – liability of erstwhile director- managing director showed …
Implications of Failure to file Statement of Affairs Read More »
The Union Budget is usually presented in the last week of February, however the Union Budget for 2012-13 is an exception, wherein this time it will be presented in the second week of March, 2012 due to ongoing elections in five states of the country. Individuals, economists and investors including FIIs await the Budget announcements …
Registration of Companies or LLPs which have one of their objects as to carry on the profession of Chartered Accountant, Cost Accountant, Architect, Company Secretary etc : The Ministry of Corporate Affairs has vide its General Circular No.02/2012 dated 1stMarch, 2012 directed that at the time of incorporation of companies where one of the objects …
R & A Associates, as part of its knowledge sharing initiative is hosting a a talk on “Corporate Compliance – A Need of the Hour” Corporate Compliance Management is the buzz word today for ensuring organizational efficiency, transparency as well investor confidence. The recent corporate scams, media vigilance, public criticism and penal & judiciary action …
MARBLE CITY HOSPITAL AND RESEARCH CENTRE P.LTD V. SARABJEET SINGH MOKHA [2010] 155 COMP CAS 13 (MP)] RAJENDRA MENON J DECIDED ON 17.07.2009 Companies Act, 1956 – Sections 53, 193, 194 and 283(1)(g) –Vacation of the office of director due to failure to attend three consecutive meetings whether removal of director is valid – held, …
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