Constitution of a High Level Committee to suggest measures for improved monitoring of the implementation of Corporate Social Responsibility policies by the companies under Section 135 of the Companies Act, 2013. General Circular no. 01/2015 – Dated: 03.02.2015
EPFO settles more than One crore claims in the current financial year Employees Pension Fund deficit comes down to 2.5% Shri K.K. Jalan, Central P.F. Commissioner while reviewing the performance of EPFO for the month of January, 2015 noted that the organization has settled 11.05 lakh claims. 73% of the claims were settled within 10 […]
The improvement in industrial activity in November 2014 was broad-based, but continuing contraction in consumer goods production underscores the persisting weakness in consumption demand (even while raising questions about measurement of production). Advance indicators of industrial activity – indirect tax collections; non-oil non-gold import growth; expansion in order books.
Accordingly, all future investments by an FPI within the limit for investment in corporate bonds shall be required to be made in corporate bonds with a minimum residual maturity of three years. Further, all future investments against the limits vacated when the current investment runs off either through sale or redemption, shall be required to be made in corporate bonds with a minimum residual maturity of three years.
Extract of Section 68 of the Companies Act 2013- Section 68 -Power of company to purchase its own securities (1) Notwithstanding anything contained in this Act, but subject to the provisions of sub-section (2), a company may purchase its own shares or other specified securities (hereinafter referred to as buy-back) out of— (a) its free […]
It has been observed that the officers are not attending office at the stipulated time. All Officers and Staff members posted in NS I, III and V are directed to ensure that they attend office on time. The Senior officers are directed to ensure punctuality and proper attendance and lead by example.
Notification No. 10/2015 – Income Tax Whereas the annexed Protocol amending the Agreement between the Government of the Republic of India and the Government of the Republic of South Africa for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income was signed in Pretoria on the 26th day of July, 2013
In case of non compliance with the requirement of clause 41 it will be an offence and violation of the provisions of Listing Agreement. What are the implications in case of Non-compliance with the provisions of Listing Agreement:
Author has compiled Specimen of Directors’ Report, Corporate Social Responsibility Report and Form No. AOC-2 as per Companies Act, 2013 for ready reference of our readers, which can be used for Compilation of Annual Reports.
Hon’ble Supreme Court in the case of State of Karnataka etc. vs. M/s. Pro Lab & Others in Civil Appeal No. 1145 of 2006 decided on January 30, 2015 upholds the levy of sales tax on Processing and supplying of Photographs, Photo Prints and Photo negatives retrospectively with effect from 01.07.1989.
