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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G.S.R. 650(E). – In exercise of the powers conferred by sub-section (1) of section 641 of the Companies Act 1956 (1 of 1956), the Central Government hereby makes the following further alterations in Schedule II to the said Act, namely.
Dividend income from shares of Indian companies and income from units of mutual Funds have been made taxable in the hands of share/unitholders by the Finance Act, 2002. For small investors investing in equity, a threshold limit of Rs.1,000 was provided for the purpose of TDS. Let us for senior citizens and for investors raise the threshold limit to Rs.2500.
General Circular No. 20/2002, notifying amendment in Schedule XIII to Companies Act, 1956, published on 14.08.2002.
directed to forward herewith a copy of the following Notification published in the Gazette of India (Extraordinary) for your information and necessary action
In exercise of the powers conferred by sub-section (1) of section 641 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following further alterations in Schedule VI to the said Act, namely.
am directed to forward herewith a copy of the following Notification published in the Gazette of India (Extraordinary) for your information and necessary action
In exercise of the powers conferred by section 642 read with sub-section (2) of section 637A of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Company Law Board (Fees on Applications and Petitions) Rules, 1991, namely
You are requested to kindly bring to the notice of your constituents about the circular and request them to adopt the same. Wherever demat and transfer of dividend by electronic mode is used, the companies may, however, issue TDS in the same format.
The matter regarding application of such revision also in respect of Directors’ Reports annexed to the Balance Sheets, the financial year in respect of which was closed prior to 17.4.2002, has been examined in the Department. A decision has been taken that Directors’ Reports annexed to the Balance Sheets, the financial year in respect of which has closed on 31.3.2002 may include details of employees on the basis of revised limits.
Section 269 of the Companies Act, 1956 stipulates that no appointment of managing or whole-time director or a manager in a public company or a private company which a subsidiary of a public company shall be made except with the approval of the Central Government unless such appointment is made in accordance with the conditions specified in Parts I and II of Schedule XIII to the Companies Act.