1. SCHEMES OF ARRANGEMENT BY LISTED ENTITIES AND RELAXATION UNDER SUB-RULE (7) OF RULE 19 OF THE SECURITIES CONTRACTS (REGULATION) RULES, 1957 Vide its circular no. CFD/DIL3/CIR/2017/21 dated March 10, 2017, SEBI has revised the regulatory framework to be complied with by listed entities while undertaking schemes of arrangement /amalgamation/merger /reconstruction /reduction of capital etc. …
1. Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2017 The Reserve Bank of India vide its notification FEMA.385/2017-RB dated March 03, 2017 has made the following amendments in the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 …
1. COMPANIES (INDIAN ACCOUNTING STANDARDS) (AMENDMENT) RULES, 2017 The Central Government in exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013) and sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), and in consultation with the National Advisory Committee on …
S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th May 2017 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th May 2017 3 Tax Deducted at Source Payment Challan No./ITNS 281 Income Tax Act, 1961 7th May …
Labour & Other Compliance’s For The Month Of May 2017 Read More »
I. Parties and Subject matter of the case: MRS. MRS. SEEMA GUPTA – APPLICANT M/s. SUPREME INFRASTRUCTURE INDIA LTD & ORS. – CORPORATE DEBTOR In the matter under Section 9 of Insolvency and Bankruptcy Code, 2016 and Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority), Rules 2016 II. Facts of …
The term ‘res judicata’ means ‘thing already decided by a competent court’. Section 11 of Civil Procedure Code, 1908 embodies the doctrine of res judicata in India. It states that no court shall try any suit or issue in which the issue directly and substantially, in a former suit, between the same parties or their …
I. Introduction: The Maternity Benefit Act, 1961 regulates the employment of women in factories, mines, the circus industry, plantations and shops or establishments employing ten or more persons, for certain periods before and after child-birth and provides for maternity and other benefits. The 44th Session of Indian Labour Conference (“ILC”), had recommended for enhancing maternity …
Dear Friends, “The Insolvency and Bankruptcy Code, the National Company Law Tribunal, a new arbitration framework and a new IPR regime are all in place. New commercial courts have also been set up. These are just a few examples of the direction in which we are going. My Government is strongly committed to continue the …
Dear Friends, I would like to share a few thoughts on areas troubling corporate minds and our country in general. Capital Allocation / Buy back There has been a lot of discussion around capital allocation policy of large Indian listed IT and other companies who are sitting on loads of cash. Few proxy advisory firms …
I. INTRODUCTION A company which does not intend to carry on its operations can apply for removal of its name to the Ministry of Corporate Affairs or the Registrar of Companies can remove or strike off a Company name, if it has reasonable cause to believe so. Striking off of the company’s name by the …
Strike-off Or Removal Of Name Of The Company From The Register Of Companies (RoC) Read More »
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