Dear Friends, “Surgical Strikes” off late has become a common word heard everywhere from print, electronic media to social media. Initially, popularised due to the Indian Military attacks against suspected militants in Pakistan-administered Kashmir waiting across the borders to infiltrate into India to cause damage to the country. Later, this word became more popular with …
R & A Associates celebrated its 20th Foundation Day on October 22, 2016. This milestone event was celebrated with great fervor and enthusiasm by Team R & A in the presence of all their family members. The event was a great success with some enthralling dance performances by the very young boys and girls of …
Dear Friends, I am happy to share few of my thoughts on diverse subjects. Global Competitive Index India climbed 16 places more this year in World Economic Forum’s Competitive Rankings and ranked as 39 out of 138 countries rated (from 55th place post jumping 16 places in 2015). The ranking is based on 12 parameters …
I. INTRODUCTION: As per the Black’s Law Dictionary, to “Compound” means “to settle a matter by a money payment, in lieu of other liability.” This meaning clearly defines the concept of Compounding as a mechanism that provides the offender an opportunity to avoid prosecution from the offence committed by him after paying off monitory payment. …
Parties Appellant: Madura Coats Ltd Vs. Respondent: Modi Rubber Ltd & ANR Citation Civil Appeal No. 1475 of 2006 Court Supreme Court of India Facts: The appellant (Madura Coats) is aggrieved by the judgment and order dated 20th May, 2004 passed by the Division Bench of the Allahabad High Court in Special Appeal No. 420 …
S. No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th October 2016 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th October 2016 3 Tax Deducted at Source Payment Challan No./ITNS 281 Income Tax Act, 1961 7th …
The Ministry of Corporate Affairs (MCA) has amended the Companies (Management and Administration) Rules, 2014 with the notification of ‘Companies (Management and Administration) Amendment Rules, 2016 [amendment rules]’ Date of notification: September 23, 2016. Register of Members Under Section 88 read with rule 3 every company (having share capital) was required to maintain a register …
Companies (Management and Administration) Amendment Rules, 2016 Read More »
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 …
Introduction of Companies (Mediation and Conciliation) Rules:For expediting resolution of the pending disputes, Central Government has introduced the Companies (Mediation and Conciliation) Rules 2016. The said rules prescribe the procedure for the empanelment of mediator or conciliator, their qualifications, disqualifications, appointment of mediator or conciliator, time limit for conducting mediation or conciliation, procedure for conducting …
Restrictions on Promoters and Whole-Time Directors of Compulsorily Delisted Companies Pending Fulfillment of Exit Offers to the Shareholders ” In terms of Regulation 24 of the Delisting Regulations, the company which has been compulsorily delisted, its whole-time directors, its promoters and the companies promoted by any such person, shall not directly or indirectly access the …
Don’t miss our future updates! Get Subscribed Today!