I. Introduction: Whistle Blowing is nothing but calling the attention of top level management to some malafide activities happening within an organization. A whistle blower may be an employee, former employee or member of an organization, a government agency, who have willingness to take corrective action on the misconduct. As per Section 177 of the …
S. No. Particulars Companies Act, 2013 SEBI( LODR) Regulations, 2015 (Shall cover only Materiality of Related Party Transaction) 1 Definition Related Party Transactions- Not Defined under Companies Act Related Party Transactions- Pursuant to regulation 23 of LODR related party transactions means “a transfer of resources, services or obligations between a listed entity and a related …
Regulation under SEBI (LODR) Regulations, 2015 Particulars Provision under SEBI (LODR) Regulations, 2015 Provision under Equity Listing Agreement Change Reg 7 (3) Compliance Certificate Compliance Certificate signed by both Compliance Officer and authorised representative of share transfer agent, has to be submitted to the stock exchange within one month of closure of each half of …
S. No Basis Current Scenario (Excise/ Custom Duty, Service Tax, CST, VAT) GST Scenario (Goods and Service Tax) 1. Architecture / Structural Difference Central taxes: – Excise/Custom duty, Central sales tax charged on services, surcharge and cess. State Taxes: – VAT, Purchase, Luxury Tax, Entertainment Tax, Tax on Lottery, Surcharge & Cess. A dual layered …
S. No Basis Table F of the Companies Act, 2013 Table A of the Companies Act, 1956 Difference 1 Issue of share certificate in case of allotment to subscribers Within 2 months after incorporation No such provisions Now the Company has to issue share certificate within 2 months after incorporation to its subscribers 2 Issue …
COMPARISION – TABLE F OF THE COMPANIES ACT, 2013 & TABLE A OF THE COMPANIES ACT, 1956 Read More »
Particulars Companies Act, 2013 Companies Act, 1956 Audit Committee Section 177 Section 292A Applicability Every listed companies and all public companies with a paid up capital of Rs. 10 Crores or more; all public companies having turnover of Rs. 100 Crores or more; all public companies, having in aggregate, outstanding loans or borrowings or …
Constitution of Audit Committee as per Companies Act, 2013 & Companies Act, 1956 Read More »
S.No Basis Companies Act, 1956 Companies Act, 2013 Difference 1. Section Section 295 and 296 Section 185 — 2. Approval criteria Previously the Central Government’s approval was required to be taken. No requirement of making an application to the Central Government for sanctioning the loan or guarantee or security. The requirement to obtain Central Government’s …
Sl. No. Particulars Companies Act, 1956 Companies Act, 2013 Difference 1. Books of accounts etc., to be kept by the Company As per Section 209: Every company has to keep at its registered office, proper books of accounts pertaining to list of books of accounts as prescribed in Section 209(1)(a) to (d) which give a …
S. NO. BASIS OF DIFFRENCE COMPANIES ACT, 2013 COMPANIES ACT, 1956 DIFFRENCE 1. Conversion As per section 71(1): A company may issue debentures with an option to convert such debentures into shares, either wholly or partly at the time of redemption. Provided that the issue of debentures with an option to convert such debentures …
PROVISIONS RELATED TO DEBENTURES BETWEEN COMPANIES ACT, 2013 VS. 1956 Read More »
Particulars OLD CLAUSE NEW REGULATION CHANGES OLD LISTING AGREEMENT NEW LISTING REGULATION Outcome of Board Meeting 20(a)to(c) Schedule III, Part A, Para A (4)(a)to(g) Intimate to the Stock Exchange (SE) within 15 minutes of the closure of the Board Meeting (BM) Disclose to the SE, within 30 minutes of the closure of the BM Disclosure to …
Few Comparisons between Old Listing Agreement Clauses and New Listing Regulations Read More »
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