All material related party transactions shall require approval of the shareholders through resolution and no related party shall vote to approve such resolutions whether the entity is a related party to the particular transaction or not
Part I – Law(s) Governing the eForm MSC-3 Section and Rule Number(s) eForm MSC-3 is required to be filed pursuant to Section 455(5) of The Companies Act 2013, and Rule 7 of Companies Rules, 2014 which are reproduced for your reference. Section 455 (5): A dormant company shall have such minimum number of directors, file […]
Regulation 32(1) of the IFSCA (Market Infrastructure Institutions) Regulations, 2021 state that the trading hours for all product categories shall be as decided by the recognised stock exchanges, based on cost-benefit analysis, but shall not exceed 23 hours and 30 minutes in a day and settlement shall be done at least twice a day.
Part I – Law(s) Governing the eForm MGT-15 eForm MGT-15 is required to be filed pursuant to section 121(1) of the Companies Act, 2013 and Rule 31(2) of Companies (Management and Administration) Rules, 2014 which are reproduced for your reference. Section 121(1): Every listed public company shall prepare in the prescribed manner a report on […]
Gandhi Realty (India) Private limited Vs Assistant/Joint/Deputy Commissioner of Income Tax (Gujarat High Court) Sub-section (2) of section 144(B) says that every notice or order or any other electronic communication shall be delivered to the addressee, being the assessee, by way of placing an authenticated copy thereof in the assessee’s registered account; or by sending […]
Part I – Law(s) Governing the eForm ADT-3 Rule Number(s) eForm ADT-3 is required to be filed pursuant to Section 140(2) of the Companies Act, 2013 and Rule 8 of the Companies (Audit and Auditors) Rules, 2014 which are reproduced for your reference. Section 140: (2) The auditor who has resigned from the company shall […]
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver vide Notification No. 97/2021-Customs (N.T.) Dated: 15th December, 2021 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 97/2021-Customs (N.T.) New Delhi, 15th December, 2021 S.O.5226(E).– In exercise of the powers conferred […]
M. C. Mehta Vs Union of India & Ors. (Supreme Court of India) There has been a request for removal of cap of 1,00,000 autos and we are informed that there is a recommendation made by the EPCA to that effect. The removal of the cap of the number fixed by this Court on 11.11.2011 […]
CGST, Mumbai busts fictitious entities availing Input Tax Credit against Fake Invoices; fraudulent transaction of Rs. 6.23 Crore Special Drive detects Tax Evasion of Rs. 3,500 Crore so far; Rs. 460 Crore recovered Anti-evasion Wing, Central Goods and Services Tax Bhiwandi Commissionerate, Mumbai have busted a network of fictitious entities in Maharashtra. The entities were […]
Madan Gopal Chaturvedi Vs Directorate of Enforcement (Special Court under P.M.L. Act, Bombay) Admittedly, after praying for calling the opinion and medical papers of Dr. Umesh Shetty, and on going through all the papers Exh.4 (colly.) Ld. S.P.P has not submitted any objection that all these medical papers are fake which are given by Dr. […]
