Company Law India: Read latest Company law news & updates, acts, circular, notifications & articles issued by MCA amendment in companies Act 2013. Article on Loans Company formation XBRL, Schedule VI IFRS.
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The Indian government bans the appointment of sole selling agents for certain bulk drugs and formulations for three years due to excess demand over supply.
Provided further that in case of retirement of two-third of directors, or more in any one year, then, one-third of the total number of directors shall vacate office in the ensuing Annual General Meeting immediately due and balance number of directors shall retire at the two, subsequent Annual General Meetings due later.
In the Notification of the Government of India, in the Ministry of Law, Justice and Company Affairs. (Department of Company Affairs) No. G.S.R. 737(E), dated 1-11-99 and published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), for “Provided that where the deposits exceed the above limits.
Notification on a new committee for administering the Investor Education and Protection Fund under Companies Act, 1956, with members from various sectors.
The directions specified in sub-clauses (i) to (xxii ) of clause (a) and sub-clauses (1) to (x) of clause (b) of this notification shall, as far as may be, apply to every company declared as a Nidhi or Mutual Benefit Society under section 620A of the said Act on or after the publication of this notification.
he application should be addressed to The Secretary, Department Of Company Affairs, of the Jurisdiction in which you are falling. Application should be submitted along with the prescribed fee by demand draft drawn in favour of Pay & Accounts Officer, Department of Company Affairs, of the Jurisdiction in which you are falling in the manner provided by GSR No.501 (E) dated 6.7.1999.
All custodians are advised to ensure compliance with the instructions contained herein above. Non-compliance would be viewed seriously and may result in disciplinary action against the custodian.
In Schedule XIV to’the Companies Act, 1956, under the heading PLANT AND MACHINERY”, under item (ii) relating to special rates, after sub-item D. 4, relating to Glass manufacturing concern–Direct fire glass melting furnaces, the following shall be inserted, namely
details of all unutilised monies out of iSSue of shares or debentures, if any, referred to in sub-item (i) shali be disclosed under an appropT.iate separate 1;ead..in the Balance Sheet of the company indicating the fori-t-.; in which such unutilised 1r/units. have been invested.
(iv) that the company is not in default in the repayment of any deposit or part thereof and any interest thereupon in accordance with terms and conditions of such deposits.
