"May, 2015" Archive - Page 4

Companies (Registration of Charges) Amendment Rules, 2015

Notification No. G.S.R. 440(E) (29/05/2015)

In the Companies (Registration of Charges) Rules, 2014, in rule 3, in sub-rule (4), in clause (a), for the words under the seal of the company, the words under the seal, if any, of the company shall be substituted;...

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Companies (Registration Offices and Fees) Second Amendment Rules, 2015

Notification No. S.O. 438(E) (29/05/2015)

In the Companies (Registration Offices and Fees) Rules, 2014, in rule 15, the following proviso shall be inserted: Provided that no person shall be entitled under section 399 to inspect or obtain copies of resolutions referred to in clause (g) of sub-section (3) of section 117 of the Act....

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Only Civil Court Can Grant Relief of Declaration that Personal Guarantees Stand Discharged

The jurisdiction of the Civil Court to entertain, try and decide any suit or proceeding in respect of the property, which is the subject matter of security interest created in favour of a secured creditor, is barred only to the extent of the matters, which the Debts Recovery Tribunal or the Appellate Tribunal is empowered by or under the ...

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Posted Under: Company Law |

What Constitutes Ordinary Course of Business

Section 188 of The Companies Act 2013 requires companies to seek approval from its board of directors and shareholders for related-party transactions, unless these are in the 'ordinary course of business'. ...

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Posted Under: Company Law |

16 Key Changes vide Companies (Amendment) Act, 2015

1. Omitting requirement for minimum paid up share capital, and consequential changes. (For ease of doing business) -[section 2(68)/2(71) of the Companies Act, 2013 (Act)]. 2. Making common seal optional, and consequential changes for authorization for execution of documents. (For ease of doing business) -[sections 9, 12, 22, 46 and 223 of...

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Anti-dumping duty on imports of Electronic Calculators

Notification No. 24/2015-Customs (ADD) (29/05/2015)

Notification No. 24/2015-Customs (ADD) Dated- 29th May, 2015- Seeks to levy definitive anti-dumping duty on imports of Electronic Calculators of all types excluding calculators with attached printers, commonly referred to as printing calculators; calculators with ability to plot charts and graphs, commonly referred to as graphing calculat...

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Eligible activities for Corporate Social Responsibility (CSR) expenditure

Activities which are eligible for CSR expenditure in pursuance of Schedule VII of the Companies Act 2013 are as follows: 1. Eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation, including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and maki...

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Posted Under: Company Law |

Major Initiatives & Achievements of Ministry of Corporate Affairs

Following are the major initiatives and achievements of the Ministry of Corporate Affairs in the last one year. – Furthering ease of doing business – Companies Act, 2013: o   16 amendments in the Companies Act, 2013 approved by the Parliament – these amendments are aimed at facilitating business and addressing concerns rai...

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Posted Under: Company Law |

Notification No. 49/2015 – Customs (N.T.) Dated 29th May, 2015

Notification No. 49/2015-Custom (N.T.) (29/05/2015)

Section-3, Sub-section (ii), vide Notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001, vide number S.O. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 45/2015-Customs (N.T.), dated the 15th May, 2015, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), v...

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Key Features of e-form INC-29

1. The integrated e-Form INC-29 is available with effect from 01.05.2015 for One Person Company, Private Company, Public Company and Producer Company. 2. INC-29 does away with filing of multiple applications/forms saving time and payable fees. It combines the processes relating to:- i.  Allotment of Director Identification Number (DIN) (...

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Posted Under: Company Law |