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Archive: 20 June 2020

Posts in 20 June 2020

Losing Party cannot seek an Order under Section 34 of Arbitration Act

June 20, 2020 2673 Views 0 comment Print

A petition under Section 34 of the Act is only for setting aside an Arbitral Award on the limited grounds provided under Section 34 of the Act. Therefore, the mere pendency of Section 34 proceedings cannot afford a ground for a party to assert that it has a dispute regarding contractual performance.

Anti-Dumping Investigation on imports of Aluminium Foil 80 micron & below

June 20, 2020 1872 Views 0 comment Print

Case No. ADD- OI- 18/2020- Initiation of Anti-Dumping Investigation concerning imports of Aluminium Foil 80 micron and below from China PR, Indonesia, Malaysia and Thailand.

Remuneration of KMPs | Section 197 & 198 | Companies Act, 2013

June 20, 2020 72477 Views 2 comments Print

Section: 197 of the  Companies Act, 2013 Remuneration to Key Managerial Personnel 1. Maximum ceiling for payment of Managerial Remuneration Section 197 of the Companies Act, 2013 prescribed the maximum ceiling for payment of managerial remuneration by a public company to its managing director whole-time director and manager which shall not exceed 11% of the […]

Impact of Bhagavad Gita on Board’s Decisions

June 20, 2020 3471 Views 2 comments Print

CORONA AND KARUNA! The unprecedented reversal in our life in the form of COVID-19 has thrusted the humanity in to inward journey! The miseries of the people worldwide forced everyone seeking spiritual remedy to this mysterious malaise! The latent impact of COVID 19 has shaken the base of Corporate world also beyond reasonable repair. Hence […]

Marriage in violation of Permissible Age not Void but Voidable: HC

June 20, 2020 1503 Views 0 comment Print

HC: Marriage in violation of Permissible Age not Void but Voidable -orders for Registration of Marriage Hindu Marriage Act, 1955 mandates that the permissible age for marriage is 21 years for a male & 18 years in case of female. If anyone marries in violation of the said permissible age, there is contravention of Section […]

ICSI allows students to opt December 2020 exam session

June 20, 2020 2385 Views 0 comment Print

ICSI decided as under: 1. To allow such students to opt December 2020 exam session, instead of June 2020 exam session. 2. Carry forward the examination fee already paid by the students for the module for which they have enrolled for June 2020 Session.

Stock Market Timings in India

June 20, 2020 7482 Views 0 comment Print

Meaning of Stock Exchange Stock exchange is a marketplace where securities, such as stocks and bonds, are bought and sold. In simple words Stock exchange is a place where investors meet to buy and sell securities of a Listed Company. Anyone who deals in the Indian Stock Market should know about the timings of Trade […]

Boost to ICAI Disciplinary mechanism

June 20, 2020 798 Views 0 comment Print

ICAI has a robust disciplinary mechanism that derives strength from the provisions of the Chartered Accountants Act, 1949 and supports furtherance of excellence in the domain of Chartered Accountancy profession.

Govt monitoring transmission of repo rate cut by Banking Sector

June 20, 2020 630 Views 1 comment Print

Government closely monitoring transmission of repo rate cut by the Banking Sector and recognise efforts of wealth creators in scripting India’s growth story : Finance Minister in a virtual meeting with PHD Chamber

Creation or Modification of charges | Relaxation of time | FAQs

June 20, 2020 1758 Views 0 comment Print

ICAI FAQs on Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 Corporate Laws & Corporate Governance Committee of the Institute of Chartered Accountants of India issued and FAQs dated 19.06.2020 on MCA Scheme for relaxation of time for filing forms related to creation […]

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