Now we move on to the questions of admission of electronic records and transmissions in the law of evidence. Law presumes paper-based documents as proof of transactions. Difficulties arise when records are kept in the electronic forms. Law of Evidence has to ensure that electronic transmissions and electronic records will have the same value as paper based …
MCA had mandated certain class of companies to file Balance Sheet and Profit & Loss Account along with Director’s Report and Auditor’s Report for the Financial Year 2010 – 2011 by using XBRL Taxonomy. MCA has prepared and hosted the Taxanomy Business Rules, Validity tools etc., required for the preparation of the above documents in XBLR format on the website of the ministry …
Filing of Annual Accounts in eXtensible Business Reporting Language (XBRL) mode Read More »
MCA has come back with another opportunity for fast track exit (FTE)by a defunct company by issuing new guidelines for Fast Track Exit (FTE) vide General Circular No. 36/2011 dated 7th June, 2011. The conditions under which a company will be called as “defunct company” for the purpose of these guidelines has been specified. Also, those Companies …
Guidelines for Fast Track Exit mode for defunct companies Read More »
In this column I wish to explain something about Neuroplasticity. Though this is related to science, the editors interest is to strengthen the Luminosity of an individual. Well, Luminosity means the quality of being intellectually brilliant, enlightened, inspired, etc. I hope every one would have a dream that they are sharp at every aspect to create visibility for …
Legal Metrology means that part of metrology which treats units of weighment and measurement, methods of weighment and measurement and weighing and measuring instruments, in relation to the mandatory technical and legal requirements which have the object of ensuring public guarantee from the point of view of security and accuracy of the weighments and measurements. The Central …
The new features of the Act are: Appointment of Government approved Test Centers for verification of weights and measures. Allowing the companies to nominate a person who will be held responsible for breach of provisions of the Act. Simplified definition of Packaged Commodity and more stringent punishment for violation of provisions. All restrictions on Inter-State trade and …
A sub-rule (6) has been added to Rule 6 which reads as follows: “Any packaging material or wrapper which could not be exhausted by the manufacturer or packer, may be used for packing of the material up to 30th September, 2011 or till such date the packaging material or wrapper is exhausted, whichever is earlier, after making …
Amendment to the LM (Packaged Commodities) Rules, 2011 Read More »
The Legal Metrology (Packaged Commodities) Rules, 2011, framed under section 52(3) of the Act will come into force from 1st April, 2011.This is mostly an edited version of the previous Packaged Commodities Rules of 1977, corrected up to 1.1.2007, by updating of provisions, rearrangement of clauses and inclusion of provisions made through different amendment notifications. But, there are …
The Legal Metrology (Packaged Commodities) Rules, 2011 Read More »
MCA had issued a General circular in May, 2011 clarifying participation of Director’s and Shareholder’s in the Board Meetings and Shareholders Meetings, respectively. The MCA has now issued clarifications vide its Circular No. 35/2011 dated 6th June, 2011for better understanding of the earlier circular. MCA has clarified that video conferencing facility shall be mandatory in case of Listed Companies …
The Legal Metrology (General) Rules has been notified. It repeals the SoWM (General) rules of 1987 and will come into force with effect from the 1st April, 2011 Important additions / Deletions Periodical interval for re-verification of weights and measures is included under Rule 27. Earlier, this item was included in the State Enforcement Rules. It will …
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