In continuation to this Ministry’s earlier circular no. 6/2010 dated 03.12.2010 on the Easy Exit Scheme, it has been decided to extend the Scheme for another three months i.e. upto 30th April, 2011. All the terms of circular no. 6/2010 dated 03.12.2010 will remain the same.
(i) The new feature of downloadable e-forms has been made available on the LLP Portal. This facility will enable the users to download the e-forms required to be filed and upload the same once filled at their end. (ii) Every LLP shall file Form 3 and Form 4 within 30 days of incorporation failing which Rs.100/- per day will be charged …
The Reserve Bank of India vide Circular No. 45/RBI/2010-11/427 dated 15th March, 2011, has discontinued the Part B of Form FC-GPR and introduced “Annual Return on Foreign Liabilities and Assets” to be reported by Indian Companies in respect of foreign liabilities and assets. The return should be submitted by July 15 of every year.
SEBI has notified the Securities and Exchange Board of India (Public offer and Listing of Securitised Debt Instruments) Regulations, 2008. The regulations provide for a framework for issuance and listing of securitized debt instruments by a special purpose distinct entity(SPDE) and has issued the Listing Agreement for Securitized Debt Instruments shall come into force with immediate effect. Listing of securitized …
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SEBI passed an Order dated March 11, 2011 in the matter of Pyramid Saimira Theatre Ltd. (PSTL) restraining Mr. K. S. Kasiraman, Mr. K. Natarahjan and Mr. G. Ramakrishnan from being an independent director or a member of audit committee of any listed company for a period of two years from March 11, 2011 for inflating its profits and revenues by …
The Government of India (Ministry of Labour and Employment) vide their Circular dated 17th March, 2011 under Employees Provident Fund Scheme, 1952, has declared the new Rate of Interest on Employees Provident Fund Members Account @9.5% per annum. The rate will be applicable only for the F.Y. 2010–2011.
1. Restoration of the name of Company in case of omission under Section 560(3) by the Registrar of Companies. SITARAM SINGH CONSTRUCTION P.LTD. V. UNION OF INDIA [2010] Decided on – 11-12-2009 Under Section 560 of the Companies Act, 1956, the Register of Companies cannot strike out the name of the Company unless the publication of notice …
SITARAM SINGH CONSTRUCTION P.LTD. V. UNION OF INDIA [2010] Read More »
“Pro tanto “ and “Ex gratia” are two latin terms. The word “pro tanato” denotes something that has only been partially fulfilled. It is a philosophical term indicating the acceptance of a theory or idea without fully accepting the explanation while the term “Ex gratia” is a more literal term derived ‘from grace’. It refers to someone …
[vc_row][vc_column][vc_column_text]Introduction The Directors of a Company act as agents of the Company and enter into contracts and arrangements on behalf of the Company. Sometimes, in the course of such transactions, the Directors may have some personal interest in the transactions to be entered into by the Company. Since they occupy such a key position requiring trust and utmost good …
Interested Contracts Under Section 297 And Course Of Action Read More »
In India, the Industrial Disputes Act, 1947 is the main legislation for investigation and settlement of all industrial disputes. The Industrial Disputes (Amendment) Act, 2010 (No. 24 of 2010), has come into force from 15th September, 2010. The Industrial Disputes (Amendment) Act, 2010 have brought few significant changes to the Industrial Disputes Act, which are produced under the following …
The Industrial Disputes (Amendment) Act, 2010 (No. 24 of 2010) Read More »
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