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Archive: 07 March 2023

Posts in 07 March 2023

Related party transactions not placed before Audit Committee meeting – Penalty Imposed

March 7, 2023 1464 Views 0 comment Print

It is observed that the subject company has not placed the related party transactions before the Audit Committee meeting held on 31.10.2018 for approval in compliance of section 118(1) of the Act r/w Secretarial Standard -1 (SS-1) issued by Institute of Company Secretaries of India. Relevant provision of para 1.3.8 of secretarial standard (SS-1) issued […]

Resolution without signatures of authorized signatories – Penalty imposed

March 7, 2023 1464 Views 0 comment Print

It is observed that the resolutions placed before the Board during the aforesaid financial year for the purpose of bank signatory did not contain the specimen signatures of the authorized signatories and as such were also not contained in the Minutes book which indicate that minutes of the board meeting held on 29.08.2016, 27.10.2016 and […]

Empowering Shareholder Democracy: Importance of Shareholder Participation in Corporate Governance

March 7, 2023 2478 Views 0 comment Print

Explore how the Companies Act, 2013 and SEBI Regulations empower shareholder democracy in India, enhancing transparency and accountability in corporate governance.

Jacket with video/audio recording facility for use by vessel Boarding Officer

March 7, 2023 1767 Views 0 comment Print

F. No.450/33/2022-Cus. IV Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes & Customs) Room No.227B, North Block, New Delhi ***** Circular No. 07/2022-Customs dated 7th March, 2023 To, All Principal Chief Commissioners/ Chief Commissioners (Customs/ Customs (Preventive) / Customs & Central Tax) All Principal Commissioners/ Commissioners of Customs/ Customs […]

Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023

March 7, 2023 10698 Views 0 comment Print

Every Banking Company or Financial Institution or intermediary, as the case may be, shall register the details of a client, in case of client being a non-profit organisation, on the DARPAN Portal of NITI Aayog, if not already registered, and maintain such registration records for a period of five years after the business relationship between a client and a reporting entity has ended or the account has been closed, whichever is later.

Promoter’s Functions and Duties under RERA Act 2016

March 7, 2023 14559 Views 0 comment Print

Learn the essential functions and duties of promoters under the RERA Act 2016, ensuring compliance and transparency in the real estate sector. Expert insights provided.

RBI Launches Mission “Har Payment Digital”

March 7, 2023 5181 Views 6 comments Print

Governor, Reserve Bank of India (RBI) today launched the Mission ‘Har Payment Digital’ on the occasion of the Digital Payments Awareness Week (DPAW) 2023.

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