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Archive: August, 2020

Posts in August, 2020

Addition for unexplained gold cannot include value of Silver

August 2, 2020 1053 Views 0 comment Print

The issue under consideration is whether the addition for unexplained Gold made by combining the value of Gold and Silver is justified in law?

Website: presence and its compliances

August 2, 2020 2373 Views 0 comment Print

Presence of Website: Functional and Compliance Aspect PART I. In this digital world, a website plays a very significant role in order to pursue your business or for any educational institution/programmes or might be for any noble service as well. For instances, on receipt of a call from an interviewer, the first thing the candidate […]

Material Information as per SEBI (LODR), Regulations, 2015

August 2, 2020 18303 Views 0 comment Print

Article explains What is Material Information, What is the importance of regulation 30 of SEBI (LODR) Regulations, 2015, Who has power to derive what is material information for the company, Events and activities which are material As per Schedule III of SEBI (LODR) Regulations, 2015,  Events which shall be disclosed for materiality as specified in […]

Raising of Funds Through Compulsorily Convertible Debentures

August 2, 2020 184631 Views 9 comments Print

Broadly any company issuing Compulsorily Convertible Debentures (CCD) will be required to comply following laws in India, which are as under: 1. Companies Act 2013 2. Foreign Exchange Management Act ( FEMA) 3. Income Tax Act, 1961. The overview of some of the provision of above laws to be taken into consideration before choosing CCDs as instrument for raising funds by a private limited company

IND AS-2 and CAS-6 (2020 version)

August 2, 2020 6888 Views 0 comment Print

Understanding the essentials of IND AS-2 and CAS-6 (2020 version) in a simple way. Get insights into inventory concepts, measurement, and valuation.

MCI Code of Conduct not Applicable to pharma companies; Freebies to doctors allowed

August 2, 2020 5559 Views 0 comment Print

ITAT states the code of conduct prescribed by the Medical Council is applicable only to medical practitioners/ doctors registered with the MCI and does not apply to pharmaceutical companies & the healthcare sector in any manner.

Issue of securities on Private Placement basis: An Overview

August 2, 2020 13128 Views 0 comment Print

Sec-42 of Companies Act, 2013 and Rule-14 of Companies (Prospectus and Allotment of Securities) Rules, 2014: An Overview ♦ Procedure in brief for issue of securities on Private Placement basis: 1. Convene Board Meeting: To issue approval for issue of securities To identify persons to whom securities be allotted To approve the Draft and record […]

New SEBI Regulatory Norms for Brokers in India

August 2, 2020 22926 Views 0 comment Print

1. Definition of a Stock Broker as per SEBI norms: By general definition, a stockbroker is an intermediary having the authority to trade in stocks and securities them on a stock exchange on the behalf of investors. As it is difficult for the investor to directly trade in the stock exchange, he takes the assistance […]

Section 3: Formation of company- Companies Act 2013- Decoded

August 2, 2020 2223 Views 0 comment Print

Section 3 of Companies Act 2013 (Act) entails the basic requirements of formation of a company. A company, (whether a company limited by shares or a company limited by guarantee or an unlimited company) may be formed for any legal purpose by:

Four more States/UTs linked with One Nation One Ration Card scheme today

August 2, 2020 936 Views 0 comment Print

Four more States/UTs linked with One Nation One Ration Card scheme today. About 80% of total NFSA population now enabled to receive food grains in these 24 States/UTs through national portability of ration cards

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