Union Minister of Corporate Affairs Shri Murli Deora has convened a special meeting on 25th April, 2011 at Mumbai to listen the views of Corporate India on issues relating to competition. The meeting has been called after a discussion with Secretary, Shri D.K. Mittal Ministry of Corporate Affairs Shri D.K. Mittal and Chairman, Competition Commission of India, Shri Dhanendra Kumar on concerns raised by Corporate India on regulations of merger and acquisition by the Competition Commission of India w.ef. 1st June, 2011.
The government has set a revenue target of Rs nine lakh crore during the current financial year, a top official said here today. “We have set a target to collect Rs nine lakh crore through direct and indirect taxes during 2011-12”, Revenue Secretary Sunil Mitra said.
Market regulator Sebi is likely to give its final view on the Takeover Code for merger and acquisition deals at its board meeting scheduled later this month. “We are in consultation process. Probably we will get it (Takeover Code) through in the next Board meeting,” Sebi Executive Director Usha Narayanan told reporters on the sidelines of an Assocham event here.
In a bid to bring in greater transparency and enhance accountability of India Inc, market regulator Securities and Exchange Board of India (SEBI) today said it is working on an alternative model of corporate governance.
The Ministry of Corporate Affairs has notified vide NOTIFICATION [F.NO. 17/75/2011-C.L.V], DATED 6-4-2011 enhancement in previous limit of Rs. Fifty thousand per month given under Rule 3 of Director’s Relative (Office or Place of Profit) Rules, 2003 to Rs. Two lakh fifty thousand per month for payment remuneration to relatives or partners of the directors of the Company falling under Section 314(1B) of the Companies Act 1956. By such notification, the amended rules may be called as Director’s Relative (Office or Place of Profit) Amendment Rules, 2011.
The effect of the notification shall require the Companies including Government Companies to include a statement showing the name of every specified employee of the Company in their Board Report pursuant to Section 217 (2A) of the Companies Act 1956 read with Companies (Particulars of Employees) Amendment Rules, 2011 which provides:
NOTIFICATION NO. LAD/NRO/GN/2011-12/03/12650, DATED 13-4-2011 SEBI (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2011 – Amendment in SEBI (Stock Brokers and Sub-brokers)/(Merchant Bankers)/(Registrars to an Issue and Share Transfer Agents)/(Underwriters)/(Debenture Trustees)/(Bankers to an Issue)/(Depositories and Participants) and (Credit Rating Agencies) Regulations
The equity shares of M/s. Surana Telecom and Power Limited (Target Company) are inter alia listed on BSE and NSE. 1.2 An application was made by the Promoter Group on 5-5-2008, for seeking exemption from the application of Regulation 11(1) of Takeover Code for increase in Promoter Group holding from 54.66% to 59.39% which is incidental to the buyback offer of M/s Surana Telecom and Power Limited (“Target Company”).
Ref : Web based registration of External Chartered Accountant firms for empanelment for Concurrent Audit assignment for the year 2011-12 Our Bank has invited online applications for empanelment for Concurrent Audit assignment for the year 2011-12. The registration of the same is open on our website www.denabank.com from 31.03.2011 to 20.04.2011. Registration last date is […]
As per General Circular No. 09/2011 issued by MCA on 31st March, 2011, Companies are required to file their financial statements in the XBRL format with the Registrar of Companies (RoC) for the year ended 31 March, 2011 as per the following criteria: (i) All companies listed in India & their subsidiaries in India and abroad; & (ii)All companies having a Paid up Capital of Rs. 5 Crores & more or a Turnover of Rs. 100 Crores & above
