IRDA, Insurance , Corporate Law Articles, Notification, News and Circular

  • May
  • 23
  • 2013

Trade Mark Registration Procedure, Benefit and Applicability

Added In Corporate Law
Any person claiming to be the proprietor of a trade mark used or proposed to be used by him may apply in writing in prescribed manner for registration. The application should contain the trade mark, the goods/services, name and address of applicant and agent (if any) with power of attorney

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  • May
  • 21
  • 2013

Rape is morally and physically most reprehensible crime in society – SC

Added In Corporate Law
A bench of justices B S Chauhan and Dipak Misra  has observed as follows in  CRIMINAL APPEAL NO. 2322 of 2010 dated 20.05.2013 :-  Rape is the most morally and physically reprehensible crime in a  society, as it is an assault on the body,  mind  and  privacy  of  the victim. While a murderer destroys the [...]

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  • May
  • 16
  • 2013

Govt ratifies 8.5% interest on PF deposits for 2012-13

Added In Corporate Law
I am directed to inform that Ministry of Labour and Employment, Govt. of India, vide its letter No. R-11018/1/2013.SS-II dated 15.05.2013 has conveyed the approval of the Central Government under para 60(1) of Employees’ Provident Fund Scheme, 1952 for crediting interest @ 8.50% on EPF accumulation for the financial year 2012-13 to the account of each member of the EPF Scheme.

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  • May
  • 08
  • 2013

Property can be sold on GPA and Agreement to Sell – HC

Added In Corporate Law
Supreme Court in Suraj Lamp and Industries (P) Ltd. (2) vs State of Haryana reported has not said that in no case a conveyance can be registered by taking recourse to a GPA.

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  • May
  • 05
  • 2013

Applicability of RTI Act to Cooperative Societies?

Added In Corporate Law
 In general anticipation of atleast a consolation relief, scores of Society members and related activists have been consistently yearning for the Coop. Societies to come within the ambit of the Right to Information Act. CONTRARY to the increasing yearning!!!! : 01.   Direct application of “Right to Information Act”,   CAN-NEVER-EVER be applicable to Non-Aided Coop. Societies [...]

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  • May
  • 04
  • 2013

Revised Statutory Audit Report Format for F.Y. 2012-13

Added In Corporate Law
We have audited the accompanying financial statements of _________________ (the Company), which comprise the Balance Sheet as at 31st March , 2013, the Statement of Profit and Loss and the Cash Flow Statement for the year then ended, and a summary of the significant accounting policies and other explanatory information.

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  • May
  • 02
  • 2013

CG shall refer complaint against presiding officer to chairperson of respective DRTs to investigate allegation

Added In Corporate Law
DEBTS RECOVERY TRIBUNAL (PROCEDURE FOR INVESTIGATION OF MISBEHAVIOUR OR INCAPACITY OF PRESIDING OFFICER) AMENDMENT RULES, 2012 – SUBSTITUTION OF RULE 4 AND AMENDMENT IN RULES 5 & 10 NOTIFICATION NO. GSR 920(E) [F.NO.14/2/2010-DRT], DATED 19-12-2012 In exercise of the powers conferred by sub-section (3) of section 15 read with clause (b) of sub-section (2) of [...]

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  • May
  • 02
  • 2013

SC rejects Director’s argument that he was not being in charge of affairs

Added In Corporate Law
The appellant has taken the stand, as already stated, that even though he was a whole time Director he was not conversant with the accounts and finance and was only dealing with the human resource management of the company, hence, he had no fraudulent intention to deceive the investors. We find it difficult to accept [...]

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  • May
  • 02
  • 2013

Corporate Advisors Vis-À-Vis Their Professional Privilege

Added In Corporate Law
The corporate advisors play a very vital and the core role for the companies in respect of various advisory activities including representation before authorities. The corporate advisors generally are chartered accountants, company secretaries, cost and management accountants, advocates, tax practitioners, etc.

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  • May
  • 01
  • 2013

Powers of High Court under Article 226 cannot be invoked in the matter of recovery of dues

Added In Corporate Law
Powers, which were conferred on the civil court, now stands conferred on a Tribunal under Section 17 of the Act thereby it can deal with applications from banks and financial institutions for recovery of debts due to such banks and financial institutions. We are of the view when a specific remedy is made available to [...]

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