Case Law on Companies Act – Section 205(C) regarding Unclaimed Deposits – plaintiff wants refund – bank refuses to do so and suggests the amount to be claimed by the depositors – whether correct – held, no The Peerless General Finance & Investment Co. Ltd. v. UCO Bank [Cal] Decided on: 15/06/2011 The plaintiff, a […]
Case Law on Companies Act – Section 205(C) regarding Unclaimed Deposits Read More »
Companies (Central Government’s) General Rules and Forms (Amendment) Rules, 2011: MCA Vide Notification G.S.R.(E) dated 23rd September 2011, amended form 5. Same shall come into force w.e.f 25th September 2011. Companies (Amendment) Regulations 2011: MCA Vide Notification G.S.R.(E) dated 22nd September 2011, has informed that the Registrar shall not keep any document pending for approval
MINISTRY OF CORPORATE AFFAIRS(MCA) Read More »
Returns to be submitted by NBFCs – Revised Formats: RBI vide its notification. RBI /2011-12/195DNBS(PD).CC. No.243/03.02.02/2011-12, dated 22nd September 2011, has revised the formats of Returns to be submitted by NBFCs. Foreign Investments in India – Transfer of security by way of gift –Liberalisation: RBI vide its notification RBI/2011-12/175 A.P. (DIR Series) Circular No. 14,
RESERVE BANK OF INDIA(RBI) Read More »
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and consequential amendments to Clause 35 of the Equity Listing Agreement.: SEBI vide its circular – SEBI CFD/DCR/SAST/ 1/2011/09/23 dated 23rd September, 2011 has notified as under: SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Consequential amendment to Clause 35
SECURITIES AND EXCHANGE BOARD OF INDIA(SEBI) Read More »
Word-Force majeure Meaning : Word force majeure relates to the law of insurance and is frequently used in commercial contracts to protect the parties in the event that a segment of the contract cannot be performed due to causes that are outside the control of the parties, such as natural disasters, that could not be
Processing of Investor Complaints in SEBI Complaints Redress System (SCORES): Securities and Exchange Board of India (SEBI) vide its circular dated 2nd August, 2011 has commenced processing of investor complaints in a centralized web based complaints redress system ‘Scores’. The details of the circular can be viewed at : http://www.sebi.gov.in/cms/sebi_data/attachdocs/1312454622977.pdf. Accordingly, henceforth all complaints shall
SECURITIES AND EXCHANGE BOARD OF INDIA(SEBI) Read More »
Corrigendum to Company Law Settlement Scheme, 2011 (CLSS, 2011): MCA videGeneral Circular No: 60/2011 dated, 10th August 2011 has clarified that the CLSS, 2011 shall cover Form 52 (filing of annual accounts by a foreign company) as foreign companies are included in the scheme. All the terms and conditions of the General Circular No. 59/2011dated
MINISTRY OF CORPORATE AFFAIRS(MCA) Read More »
Investment in the units of Domestic Mutual funds : RBI vide its circular A.P. (DIR Series) Circular No. 08 dated 9th August, 2011 in consultation with the Government and the SEBI, has decided to allow non- resident investors (other than SEBI registered FIIs and SEBI registered FVCIs) who meet the KYC requirements of SEBI, hereinafter called
RESERVE BANK OF INDIA (RBI) Read More »
As most of us are aware, “XBRL” is the buzz word in the corporate world today, but with a veil to it, making it difficult to understand its practical implementation. Unless we step in, we do not know how cold the water is. This being the first phase of implementation, clouds of doubts are all
Word– Defamation Meaning: The word defamation means, “the act of making untrue statements about another which damages his/her reputation”. Defamation is a false attack on ones good name. Ones good name is regarded as his/her proprietary interest, not a personal interest. Defamation is an improper and unlawful attack against ones proprietary right to his/her good name,