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Union Budget 2015-16 and its impact

March 1, 2015 2518 Views 0 comment Print

The Finance Minister said: Kucch Toh Phool Khilaaye Hai Humne.. Kucch Aur Khilane Hai Dikkat Yah hai ki Raho mei Kae Kaante Purane hai On the other hand: 2015 Budget will further reignite our growth engine, signalling the dawn of a prosperous future. –           Narendra Modi Prime Minister Narendra Modi lauded and applauded the Budget, […]

Vigil Mechanism- Listing Agreement Vs Companies Act, 2013

February 22, 2015 14137 Views 0 comment Print

Surprisingly, genuine concern has not been defined. Under the Public Interest Disclosure Act, 1998, workers are free to report even on suspected criminal activities. In fact, section 43B of this law, even allows workers to disclose regarding any injustice or endanger of health or safety of any individual.

Compilation of MCA notifications on Companies Act, 2013

February 14, 2015 9718 Views 0 comment Print

In my Previous article I have discussed  in brief  Circulars issued by MCA till date on Companies Act, 2013  –Compilation of Circulars issued by MCA till date on Companies Act, 2013.  In this article I have compiled in brief notifications issued by MCA since commencement of Companies Act, 2013. 1.    MCA has vide Notification dated […]

The Companies (Removal Of Difficulties) Order, 2015

February 13, 2015 4209 Views 0 comment Print

According to clause (85) of section 2, a company may be treated as a ‘small company’ if it meets either of the conditions provided therein thereby making the second limit unrestricted or inconsequential.

Compilation of Circulars issued by MCA till date on Companies Act, 2013

February 12, 2015 16743 Views 0 comment Print

 Please find below the Circulars issued by the Ministry of Corporate Affairs till-date, since the commencement of Companies Act, 2013. 1. General Circular No. 01/2015 dated February 03, 2015 – MCA has constituted a High Level Committee to suggest measures for improved monitoring of the implementation of Corporate Social Responsibility policies by the companies under […]

All about Form AOC 5 – Companies Act 2013

January 17, 2015 69373 Views 19 comments Print

Form AOC-5: Notice of address at which books of account are maintained. eForm AOC-5 is required to be filed pursuant to Section 128 of the Companies Act, 2013 and the same is available for filing w.e.f. January 17, 2015. Section 128 is reproduced here for your reference :-

Gifts by SEBI to Stakeholders

November 20, 2014 6014 Views 0 comment Print

SEBI in its Board Meeting held on November 17, 2014 and vide Press Release dated November 19, 2014 brought about the following decisions in respect of the following Regulations. (I)  SEBI (Prohibition of Insider Trading) Regulations, 2014 The Board has approved a new regulation in place of the existing regulations. The new regulations strengthen the […]

Companies (Cost Records and Audit) Rules, 2014 – Simplified

November 14, 2014 6083 Views 0 comment Print

Rule 2(e) lays down cost records as books of account relating to utilisation of materials, labour and other items of cost as applicable to the production of goods or provision of services as provided in section 148 of the Act and these rules.

Corporate social responsibility (CSR)

November 10, 2014 5647 Views 0 comment Print

The totality of CSR can be best understood by three words: ‘corporate’, ‘social’ and ‘responsibility’ in broad terms, CSR relates to responsibilities corporations have towards society within which they are based and within which they operate, not denying the fact that the purview of CSR goes much beyond this.

Corporate Governance – Major Challenges and Impact

November 7, 2014 4831 Views 0 comment Print

The Companies Act 2013 envisages radical changes in the area of Corporate Governance and is set to have far-reaching implications. The new regime is expected to significantly change the manner in which corporates operate in India. While the bar for corporate governance has been raised

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