Companies (Registration Offices and Fees) Amendment Rules, 2016 (Notification date 6th May, 2016) In the Companies (Registration Offices and Fees) Rules, 2014, (i) Form No. GNL-1 and Form No. GNL-4 have been substituted; Designation of Special Courts for the purposes of trial of offences punishable under the Companies Act, 2013 (Notification date 18th May, 2016) In …
A.P. (DIR Series) Circular No. 67/2015-16 [(1)/5(R)] dated May 05, 2016-05-31 Foreign Exchange Management (Deposit) Regulations, 2016 repealing and superseding the FEMA (Deposit) Regulations, 2000 hereinafter referred to as Deposit Regulations. These regulations seek to regulate deposits between a person resident in India and a person resident outside India Some of the key definitions headings …
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2016 Notification date 25th May, 2016 vide No. SEBI/LAD-NRO/GN/2016-17/003 Applicability of Regulations: These Regulations are applicable to issuers filing offer documents with the Registrar of Companies on or after the date of commencement of these regulations. In the SEBI (Issue …
Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2016(Notified vide notification dated 4th April, 2016) In the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015, in rule 3, for the proviso, the following proviso shall be substituted, namely:- “Provided that the Companies in banking, insurance, …
Electronic book mechanism for issuance of debt securities on private placement basis (Notified vide Circular No.CIR/IMD/DF1/48/2016 dated 21st April, 2016) In order to streamline procedures for issuance of debt securities on private placement basis and enhance transparency to discover prices, it has been decided by SEBI to lay down a framework for issuance of …
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Third Amendment) Regulations, 2016 Vide notification no. FEMA.363/2016-RB dated April 28, 2016, RBI has made the following amendments in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (Notification No.FEMA 20/2000-RB dated 3rd …
Dear Readers, Greetings from R & A At a time when the global growth is facing increasing downside risks, India continues to remain a bright spot as being the fastest growing major economy in 2016-17, growing at 7.5%, ahead of China, as per the World Economic outlook released by the International Monetary Fund. This indeed …
1. Word: Ratio decidendi Definition: The reason behind or crux of a judicial decision. Use of the Word: The ratio decidendi is “the point in a case that determines the judgment” or “the principle that the case establishes” 2. Word: In pari delicto Definition: When both the parties are equally at fault. Use of the …
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 …
Shareholders are real owners of the organization but they are sometimes ill-equipped to exercise effective control over the Company. It leads to abuse of power by persons in control. Therefore, Central Government took cognizance of the matter while drafting Companies Act, 2013 and assumed powers by enacting new provisions relating to inspection and inquiry which …
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