[vc_row][vc_column][vc_column_text] Background The concept of Producer Companies was introduced in 2002 by incorporating a new Part IXA (section 581A to 581ZT) into the companies Act,1956(“the Act”) based on the recommendations of an expert committee led by an economist, Y. K. Alagh. Aim of the Committee was to – • frame a legislation that would enable …
Note on Payment of dividend to Person outside India Governing Law: 1. Companies Act, 1956 – Sections 205, 205A, 205C, 206, 206A, 207 2. FDI Policy 3. FEMA (Current Account Transactions) Rules, 2000 4. FEMA (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 Restrictions, if any, on repatriation: Remittance of …
Here is a point to ponder upon. We are aware that as per the provisions for the Buy Back, a company which has bought back any security cannot make any issue of the same kind of securities in any manner whether by way of public issue, rights issue up to six months from the …
[vc_row][vc_column][vc_column_text] INTRODUCTION Regulation on payment of directors’ remuneration becomes necessary for several reasons, prominent among them being, prevention of diversion of corporate funds for personal use and unduly high executive rewards. For Public Limited Companies the provisions under Companies Act, 1956 and the Corporate Governance requirements as per the Listing Agreement, would regulate the remuneration …
Remuneration of Directors in a Private Limited Company Read More »
[vc_row][vc_column][vc_column_text] Indirect Investment and Downstream Investment in Terms of Foreign Exchange Management Act, 1999 Foreign Direct Investment (FDI) in India is governed by the FDI Policy announced by the Government of India and the provisions of the Foreign Exchange Management Act (FEMA), 1999. Reserve Bank has issued Notification No. FEMA 20 /2000-RB dated May 3, …
Consequent to expiry of Tax Holiday regime for STPI The Ten Year tax-holiday under STPI scheme was to expire by March, 2009. However, as an interim relief to the Industry, the Government extended the sunset clause in 2009 and 2010 by one year each. Thus, the tax-holiday under the scheme is available upto March, 2011. …
[vc_row][vc_column][vc_column_text] APPLICABILITY OF 274(1)(g) TO A PRIVATE COMPANY WHICH IS SUBSIDIARY OF THE PUBLIC COMPANY Whether 274(1)(g) is applicable to a Private Company which is subsidiary of the Public Company. General Norm: Under Companies Act, 1956, the Sections are drafted such a way that – (a) they are applicable to all the companies – Public, …
[vc_row][vc_column][vc_column_text] Brief Overview of Limited Liability Partnership Limited Liability Partnership (LLP) is a new form of organization introduced in India through the enactment of Limited Liability Partnership Act, 2008. Partnerships can now be incorporated as a limited liability partnership (LLP) and by doing so they can remove the unlimited liability of individual partners. LLP is …
[vc_row][vc_column][vc_column_text] 1. The new FDI Regulatory Framework document resembles the Master Circulars released every year on 1 July by the Reserve Bank of India, which includes all circulars and clarifications issued over a year. In such a situation, what is the need to have a separate set of Master Press Note? 2. It is not …
[vc_row][vc_column][vc_column_text] What is an LLP – Background Limited Liability Partnership entities, the world wide recognized form of business organization has now been introduced in India by way of Limited Liability Partnership Act, 2008. A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Company and Partnership into a single form of …
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