A. MINISTRY OF CORPORATE AFFAIRS 1. Corrigendum to Company Law Settlement Scheme, 2011 (CLSS, 2011): MCA vide General Circular No: 60/2011 dated, 10th August 2011has 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 …
MONTAGE ENTERPRISES PVT. LTD v EMPLOYEES PROVIDENT FUND (Madhya Pradesh High Court) – Principle of universality to be applied in determining the basic wage for calculating the Provident Fund Contribution Decided on : 24/03/ 2011 The Paintiff Company (“Montage Enterprises Pvt Ltd”) was remitting the provident fund contribution of eligible employees in accordance with the …
ALTINA SECURITIES (P) LTD v. SATYAM COMPUTER SERVICES LTD & ANR [(2007) 76 CLA 118 (CLB)] K. K. Balu (VC). Decided on : 07/9/2006 The petitioner, a share broker purchased 2000 equity shares of the respondent company and on presentation of the share transfer deeds to the company, the share transfer deed covering 100 shares …
STOCK HOLDING CORPORATION OF INDIA LTD v VIMAL RAOSAHEB CHOUGULE & ORS (MAHARASTRA STATE COMMISSION) Decided on: 06/06/2011 The Appeallant Company (”Stock Holding Corporation of India Ltd”) was providing depository facilities to investors within the meaning of the Depository Act, 1996. The Respondent had opened a Demat account with appellant and transacted shares through their …
Dematted Shares- Fraudulent Transfer of Shares, Depository Participant is not liable. Read More »
M/S. THANTIYADI REALTORS PRIVATE LIMITED & M/S. SOMASIMARA REALTORS PRIVATE LIMITED v UNKNOWN, DECISION BY MADRAS HIGH COURT. Decided on 11/03/2011 The petitioners, M/s. Thantiyadi Realtors Private Limited, transferor company and M/s. Somasimara Realtors Private Limited, Transferee Company had approached the court to sanction the scheme of amalgamation so as to make it binding on …
S. No. Compliance Form to be filed Relevant Law Due date 1. Excise Duty payment GAR 7 Central Excise Rules, 2002, 5th August 2. Payment of service tax collected to the department GAR 7 Service Tax Rules, 1994 5th August 3. Profession Tax Monthly Return Form V Andhra Pradesh Tax on Professions, Trades, Callings …
Listed below are the Compliances for the period 25th June to 25th July Read More »
MCA vide Circular No. 55/2011 dated 26th July, 2011 has provided the procedure that has to be followed in case of winding up in order to curb mal-practices.
MCA vide Circular No. 54/2011 dated 26th July, 2011 has casted responsibility on the Official Liquidator as given in the said circular in order to speed up the winding up process and to introduce best international practices in that regard.
MCA vide Circular No. 52/2011 dated 25th July, 2011 has decided to simplify the procedures and to give online approval, if the proposed contract has been approved by the shareholders by way of special resolution in a general meeting and if the e-form is certified by a practising professional who shall certify the correctness of …
Online approval of Central Government under section 297 of the Companies Act, 1956 Read More »
MCA vide Circular No. 53/2011 dated 26th July, 2011 has issued guidelines for the issues to be examined by the Regional Director’s/Registrar of Companies in the matter of scheme of arrangement/amalgamation under section 391-394 along with the timelines for strict compliance.
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